art with code

2017-08-31

Post-Brexit Britain

How will Britain look like after the Brexit process has been completed and Britain is no longer a member of the European Union? The first step of the post-war government is to negotiate a trade deal with the EU to trade with the other European countries with minimal hassle. This trade deal will be an easy one, as EU standards already follow the British standards.

All that is needed is an agreement on the future evolution of those standards and a place to settle disputes, and the budget for running that place. Most likely, the standards will be driven by the EU, with the UK getting a minor voice in building them, UK could potentially get an equal vote with the other member states.

As for the place to settle trade disputes: as WTO is not really up to dealing with issues with British sensibilities, it's likely that the place would be closer to London. Perhaps in Luxembourg, a relatively neutral country between Brussels and London.

Making standards isn't cheap, there needs to be some budget for all the work required for that. This budget would be split between the EU and the UK in a proportional fashion. There will need to be some further integration of the UK and EU markets so that free trade Britain can flex its wings and fly on unhindered trade flows.

Domestically, there will be need for some extra revenue for the state to pay for the incurred one-time costs from the Brexit process. The UK is sitting on a sizable treasure chest in the form of untaxed corporate revenue squirreled away in its off-shore tax havens. A reasonable course of action would be to impose a one-time 30% levy on all money held in UK tax havens, followed by a modest increase in the income and corporate taxes in the tax havens, perhaps to 20% or so.

In order to maintain public order and defend against foreign propaganda, the UK government would require that media organizations operating in the UK need to have 60% British ownership and the controlling owners need to be British nationals who are resident in the UK 183 days per year or more. Any broadcast or internet media organisations falling afoul of the ownership laws would be banned from operating in the UK to prevent UK's independence being eroded by targeted hostile falsehoods. UK can use their trade deal with China to acquire the technology needed to run an firewall around the islands. You could call it Hadrian's Firewall.

The firewall would open the British marketplace to British service providers, British internet utilities and British media companies. No longer would Britain have to pay billions of dollars of tribute to overseas companies for providing simple utilities like internet search, messaging boards and advertising services. Silicon Roundabout would grow into Silicon Britain, with British companies exporting world-class high-value-add services to billions of people around the world.

To meet the needs of an aging population, the NHS needs to be beefed up as the retirees can no longer be shuffled off to Spain. To pay for the NHS boost, there will have to be some mild tax increases on capital gains, foreign entities, corporations and high income earners. The government would be well advised to set the highest income tax bracket at 55%, with corporate revenues after salaries also subjected to progressive taxation ranging from 15% to 55% for the largest multinationals.
Given the increased tax income, Britain could well afford to build new cities and developments to sell affordable housing to all segments of the population, multiplying the size of the British property market. With millions of newly-minted homeowners, the proportion of income spent on non-productive rental redistributions would fall and release a tsunami of private investment and increased productivity as motivated entrepreneurial homeowners take their stand and build billions of pounds worth of companies and create millions of new jobs.

To further prevent Brexit from causing great harm to the people of Britain, the British government needs to support its citizens. The one best way to improve the lot of the ordinary Briton is to reduce taxes on necessities. By getting rid of the VAT, the people of Britain will have 20% more money to spend on rebuilding Britain. For a family living on 20,000 pounds a year, this would free an extra 4,000 pounds to invest into their future and the future of Britain.

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Built art installations, web sites, graphics libraries, web browsers, mobile apps, desktop apps, media player themes, many nutty prototypes, much bad code, much bad art.

Have freelanced for Verizon, Google, Mozilla, Warner Bros, Sony Pictures, Yahoo!, Microsoft, Valve Software, TDK Electronics.

Ex-Chrome Developer Relations.