Originally Posted by unique:
“which would mean less taxes going to HMRC, so less money for services
not necesarily. if lidl take trade away from other businesses it may result in job losses overall
and therefore potentially job losses, less income to HMRC and more money paid out in benefits
but not necesarily an overall benefit to the UK
simply a matter of opinion really. remember ordinary people can benefit from businesses doing well as things like pensions can be invested that way”
“which would mean less taxes going to HMRC, so less money for services
not necesarily. if lidl take trade away from other businesses it may result in job losses overall
and therefore potentially job losses, less income to HMRC and more money paid out in benefits
but not necesarily an overall benefit to the UK
simply a matter of opinion really. remember ordinary people can benefit from businesses doing well as things like pensions can be invested that way”
Almost all food is VAT free, so very little loss in tax revenue from cheaper food. If consumers spend the money saved elsewhere it's likely to be subject to VAT so possibly increasing tax revenue.
Lidl source their products primarily from UK farming so more money to UK farming.
Outside the EU the UK could tax profits made in the UK. The UK has had tax laws on this repeatedly overturned by the EU as not accordance with EU freedom of movement of capital.
Lidl pays its supermarket workers more than the likes of Tesco, so even if there is no net gain in jobs it benefits workers. Higher wages also benefits the government through less in work benefits and any increase in income tax and national insurance paid.
UK pension funds are not restricted to investing in Tesco and not investing in Lidl.



