Rich’s Monday Morning View

Corbyn: Legalise Medical Cannabis, Decriminalise Possession

Something Guido and Corbyn agree on, it is past urgent that medical cannabis is decrimalised and possession of recreational cannabis should be decriminalised too. Sajid looks likely to enable the former if not the latter…

Gisela Slaps Down Second Referendum Campaigners

Gisela Stuart sticks it to the second referendum campaigners:

“If your motive for calling for a second referendum is to delay and overturn the decision… you undermine democratic institutions because we were promised a referendum and the Prime Minister said ‘whatever you decide, I will implement it'”

Some remainers like democracy – but only when it goes their way…

Jezza: It May Not Be Coming Home

Jezza asked if England will win the World Cup:

“It’s a knockout from now on… it’s going to be very hard to see.”

Good to see he’s really behind the boys…

Earlier on Ridge he said of the competition:

“It tends to get a bit overboard, it is a game, it is football, it is sport… but remember that there are a lot of teams that are not there that would love to be there, a lot of people love the World Cup all over the world…”

Classic Jezza…

Clark: Extend the Transition Period

More posturing from chief Cabinet remoaner Greg Clark as he suggests extending the transition period:

“You need to be aware of the technical requirements and respect them… when it comes to putting in place the arrangements for our permanent relationship we have to be guided by the evidence.”

They never want us to leave…

Saturday Seven Up

This week 180,179 visitors visited 618,344 times viewing 921,878 pages. The top stories in order of popularity were:

You’re either in front of Guido, or behind…

FT Learns How Imports and Exports Work

Must-read letter in the FT today:

We are a 95 per cent export manufacturer of high tech instrumentation, so we have a lot of experience in overseas trade. On May 24 the head of HM Revenue & Customs estimated that post-Brexit, import-export may cost industry £20bn extra at UK borders. With £10m of exports, 75 per cent outside the EU, and £1.5m of imports, 85% non-EU, we are in a good position to give a realistic figure for these costs.

All imports enter under Inward Processing Relief, and no taxes are paid at the border. Goods may remain in the UK for up to nine months free of duty and value added tax. Duty and VAT become payable if the goods are sold within the EU, but not if they are exported outside. When we sell our equipment to a Japanese company, we invoice free of VAT as an export. It collects ex-works and delivers worldwide, sometimes direct to a customer within the EU. It will invoice without VAT as, being based in Japan, it is not VAT registered. It is that company’s customer who must record and pay VAT, on the basis that it is an import even though the goods may have crossed no frontiers.

Our VAT and tax returns are made on a monthly and quarterly basis, with payment by direct debit. Every two to three years, HMRC audits our record-keeping. Maintaining this system requires a skilled person for one or two days a week — at a £50 hourly rate for 500 hours per year, the annual cost is £25,000. We also employ shipping agents at a £70,000 annual cost, of which over 90 per cent is transport charges. Our cost for import-export paperwork is about £32,000.

Our largest tax is the 20 per cent VAT charged on importing goods from the EU, just as from the US or Japan. This will not change after Brexit, although there may be a 3-5 per cent duty if no deal is done. The cost in additional paperwork will therefore be no more than 10 per cent of the present £32,000. We will incur an average 4 per cent duty on our £225,000 of EU imports, but will recover 95 per cent of this on exporting, so duties will cost the company about £500. Assuming we do business with the EU on terms no worse than the rest of the world, the cost will be around £3,700, or 0.04 per cent of our £10m turnover. Compared to currency exposure where rates can change by 1 per cent daily, this is a negligible figure, so Brexit on any terms will not change our business.

Jeremy Good
Director, Cryogenic Ltd, London W3, UK

Number 10 and half the can should learn from this…

Phillip Lee Defends Plan to Teach Lags Martial Arts

Remain martyr Dr Phillip Lee is standing by his crackers plan to school lags in… martial arts. That’s right, take Britain’s criminals and teach them how to… beat people up. Genius…

Don’t think this will fly…

Angry Londoners Confront Sadiq Over Crime

Last night’s rare opportunity for Londoners to directly quiz their mayor was scheduled in the middle of the England match – but that didn’t save Sadiq Khan. He was faced by furious members of the public concerned about crime during the LBC debate – not even James O’Brien could spare the mayor’s blushes. An indication of just how unsafe people feel…

Friday Caption Contest (Mare-nistry of Defence Edition)

Entries in the comments…

DC in NYC, Not Nice

Oi, Dyer, get yer facts right, mate. David Cameron ain’t “in Nice with his trotters up”. He was in a bar in NYC last night watching the England match.

He was spotted by fellow England fans who started chanting “Davey, Davey, give us a wave!”

UPDATE: Reminder that Danny voted to Leave. Telling the Telegraph “I’m gonna be straight with you; I voted Leave and I’ll tell you why; because I’m f**king sick of politicians doing f**k all.” Unfortunately the current PM is committed to doing f**k all as a matter of policy.

Soubry Accuses Association Chairman of Plot to Oust Her and Reports Him to CCHQ

Anna Soubry has reported her Conservative Association chairman to CCHQ, accusing him of plotting to oust her in order to replace her as the MP for Broxtowe. In a letter sent to her association executive and local Tory councillors, Soubry accuses John Doddy, who himself is a Remainer, of exploiting her views on Brexit to “further your own ambitions to oust me”. She says Doddy has exaggerated the extent of discontent with her among Broxtowe Tories, noting that only one of 17 critical emails sent to the association came from a constituent, and they were not a Tory party member. Soubry says the email campaign against her is “part of a concerted co-ordinated campaign organised by UKIP / Leave.EU” and implies Doddy is in league with a “UKIP infiltrator”. Here is her letter outlining her case against Doddy and her complaint to Tory party chairman Brandon Lewis and CCHQ head of candidates Gareth Fox:

Doddy obviously does harbour ambitions to replace Soubry. His claim that 80% of local members are unhappy with Soubs is bold. There is clearly discontent among some Broxtowe Tories with their MP’s opposition to Brexit and talk of a new party. We will find out how deep that discontent is next month

National Audit Office Judges HMRC ‘Set to Be Ready’ for No Deal

HMRC is ramping up its work to prepare for a no deal outcome, according to details released in a National Audit Office report. The  organisation is developing a new Customs Declaration Service which will replace the Customs Handling of Import and Export Freight (CHIEF) system (which can handle a greater volume of trade). The report found numerous issues have been resolved. Auditor general Amyas Morse said:

“HMRC has made progress in developing its contingency plans, and has reduced the risk of it not having an operational system in place next March. Inevitably risks remain, and the next few months are crucial if HMRC is to make this a success.”

The report will be seen as evidence that government machinery is heeding the call of senior Brexiters to ramp up no deal prep. Remainers claim that such preparations are not possible, in reality they are already taking place… 

Jeremy Cor-byn

The absolute boy meets Pamela Anderson…

Pic via Dave Stone

Danny Dyer on Dave

Danny Dyer tells Good Evening Britain that David Cameron is “in Nice with his trotters up” and should be held accountable for Brexit. 

Who’s On Question Time Tonight?

Kelvin Hopkins: I’m Not on the Fiddle

Lecture on standards in public life from Kelvin Hopkins in the Commons this afternoon.

“I for a long time have been concerned about the public confidence in politicians and the state of government, and it’s very important that we emphasise – we have to get across that we are overwhelmingly honest people trying to do the right thing by our constituents and by the country to improve everyone’s lives. But there are those who aren’t and I’m taken back to when I was first elected as a councillor many years ago, 1972 to be precise, and I was challenged outside a public meeting in my ward by a scrap metal merchant who said ‘look mate, we’re all on the fiddle aren’t we?’ And I said ‘no actually, I’m not on the fiddle’.”

He remains under investigation for alleged sexual harassment…

Brexit Britain Wins $35 Billion Contract to Build Aussie Warships

Just breaking in Australia, possibly the biggest #DespiteBrexit yet: British defence giant BAE Systems has won the tender to design and manage the construction of nine anti-submarine warships. The deal represents the biggest peacetime building programme in Australian naval history and is worth $35 billion, or £20 billion. It is being reported that the clincher was Gavin Williamson’s decision to send Royal Navy ships to Australia and the Pacific. Boom…

Hazard Warning: May Takes Belgian Shirt

Negotiations going well then…

Pics via @lisaocarroll

80% of Broxtowe Tory Members Unhappy With Soubry

Last week Guido revealed Anna Soubry’s association chairman was canvassing the opinion of local Tory members about their MP. The initial results are in, and 80% of Broxtowe Tory members who have replied so far say they are unhappy with Soubry.[…] Read the rest

+ READ MORE +



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Quote of the Day

President Trump on May’s Brexit deal:

“I would say that Brexit is Brexit. … The people voted to break it up. So I would imagine that’s what they’ll do. But maybe they’ll take a different route, I’m not sure that’s what they voted for.”

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