Friday, 20 February 2015

The Farage Tax - UKIP's threat to Britain's economy

My company has just imported £800 worth of components from the Far East to be used in the manufacture of electronic products to be built in Leicester. UK customs have issued me with no less than 13 pieces of paper, and I have been charged £35 import handling fees. Had I imported the same components from the EU no paperwork would have been issued, and no charges would have been levied. That is because the Maastrich treaty, delivered by a Conservative Government, created the Single Market that has abolished swathes of regulations, removed trade barriers, pointless paperwork and costs. I have now paid a surcharge of almost 5% of my costs because the country of origin was not in the EU. I call this 5% surcharge the Farage Tax – it is a cost burden that every business in Britain will have to bear on every transaction with a company in EU the minute that UKIP get their way. The same charges are levied on trade with Norway and Switzerland, so a Free Trade Area would make no difference. UKIP want to impose costs, bureaucracy and taxes on British Business. UKIP are a threat to Britain's economy and British jobs, which is why every credible business organisation does not want Britain to leave the EU. Thankfully The Conservative Party, The Labour Party and the Liberal Democrats are all committed to Britain staying in the EU, as are the majority of the British public.

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