Britain's Departure Likely to Cost EU Billions

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i4u

15-09-2016

Originally Posted by Mou Mou Land:
“Yes, but the French still depend on it - they see it as the last bastion of belonging to the EU, and Germany tolerates it purely to keep French support - makes a change from Panzers I suppose.”

If it's been reduced from 87% of the budget in 1970 and the UK joined plus the decline in the CAPs share of the EU budget is now less than 40% means France is far less dependent on CAP as more countries now have a share of the cake?

In the UK agriculture is said to be less than 0.5% of GDP in France it's 2-3% of GDP.

Mou Mou Land

15-09-2016

Originally Posted by i4u:
“If it's been reduced from 87% of the budget in 1970 and the UK joined plus the decline in the CAPs share of the EU budget is now less than 40% means France is far less dependent on CAP as more countries now have a share of the cake?

In the UK agriculture is said to be less than 0.5% of GDP in France it's 2-3% of GDP.”

Try and take it away from the French - see the reaction.

Thiswillbefun

15-09-2016

Originally Posted by bass55:
“Why else do you think they were so desperate for us to stay? Brussels has been fleecing UK taxpayers for decades.”

And we all know that's the job of the Tories!

Mou Mou Land

15-09-2016

Originally Posted by Thiswillbefun:
“And we all know that's the job of the Tories! ”

Are you Matt Forde?

CSJB

15-09-2016

Originally Posted by i4u:
“Your figures do not compute or to put it another way don't add up.

If you take everything the UK receives in the way of money then our net contribution was less that £6bn but that does not take account of the costs of facilities we used to pay the EU to provide, then there all the additional bits and bobs and new departments to pay for.

Consultants McKinsey don't come cheap and in the Breakit department there are said to be earning £5,000 a day.

And there's no guarantee the UK won't be paying billions to be part of the EU action.

(If UK exports to the EU decline by just 10% that's £22.8bn a year, do you really think our fat, lazy golf playing business men are going to make that up trading with the rest of the World?)

If we don't need the EU why is David Davis even contemplating negotiating there's nothing to lose financially and he's got spare billions in his back pocket...but for some bizarre reason he describes leaving the EU as complex, that he doesn't rule out access to the Single market, talks of taking control of the borders but doesn't rule out free movement.

Brexit means Breakit

Or as one MP said will it be the full English Brexit or the dog's Brexit. ”

Let's assume that these businesses who are going to lose 10% of their turnover following a brexit usually make about 15% profit.
On that 15% they will pay 20% corporation tax.
The government would lose about 650 million in corporation tax receipts.
They would also lose vat and paye payments, but it still wouldn't amount to the billions of pounds saved from EU fees.

Aurora13

15-09-2016

Originally Posted by i4u:
“Your figures do not compute or to put it another way don't add up.

If you take everything the UK receives in the way of money then our net contribution was less that £6bn but that does not take account of the costs of facilities we used to pay the EU to provide, then there all the additional bits and bobs and new departments to pay for.

Consultants McKinsey don't come cheap and in the Breakit department there are said to be earning £5,000 a day.

And there's no guarantee the UK won't be paying billions to be part of the EU action.

(If UK exports to the EU decline by just 10% that's £22.8bn a year, do you really think our fat, lazy golf playing business men are going to make that up trading with the rest of the World?)

If we don't need the EU why is David Davis even contemplating negotiating there's nothing to lose financially and he's got spare billions in his back pocket...but for some bizarre reason he describes leaving the EU as complex, that he doesn't rule out access to the Single market, talks of taking control of the borders but doesn't rule out free movement.

Brexit means Breakit

Or as one MP said will it be the full English Brexit or the dog's Brexit. ”

They won't be told. Just live and learn. The cost of legal expertise / trade expertise / reemploying all those civil servants paid hefty redundancy packages not long ago / paying more redundancy packages for folks no longer needed by UK in Brussels. Paying all the monies to folks in UK previously paid by EU.

Aye Up

15-09-2016

Originally Posted by Aurora13:
“They won't be told. Just live and learn. The cost of legal expertise / trade expertise / reemploying all those civil servants paid hefty redundancy packages not long ago / paying more redundancy packages for folks no longer needed by UK in Brussels. Paying all the monies to folks in UK previously paid by EU.”

OK smart arse, instead of posting general tit for tat come up with something substantive. I have looked at it from a fairly simple but logical view point, looked at the numbers and come up with something coherent at least.

You bitch and moan god knows how many civil servants are going to cost the tax payer, you are so friggin clever you don't even have a number! So smart you keep popping bullshit that you can't even quantify, all of what you say is is conjecture, yet you play it as fact.

Patronise me and the rest who voted leave all you want, but its you stuck in a rut being a grumpy sod who can't accept a democratic result and actually have a bit of faith and belief in this country.

B-29

15-09-2016

Originally Posted by trunkster:
“Really? so if it costs both parties "billions" where has that money gone??”

It's gone on Junckers army, thousands of secretly stashed tanks and guns waiting to take over all non EU countries!

Shopaholic26

15-09-2016

Originally Posted by UncleLou:
“This latest now doing the rounds on forums.

http://www.spiegel.de/international/...a-1111724.html

Britain's Departure Likely to Cost EU Billions

"10 Billion Euros or Worse

Commissioned by the European Commission and the General Secretariat of the European Council, the first calculations on how expensive Brexit might be for the 27 remaining member states have now been completed. According to one paper, net revenues that flow into the EU from Britain each year range from 14 to 21 billion euros. If you subtract the money Britain gets back from Brussels, the EU budget would shrink by up to 10 billion euros per year."

"In 2015, the study found, Britain was in second place: The British paid 12.7 billion euros more than they got back from the EU. By comparison, Germany paid 15.6 billion. The paper also determined that the British paid more into the EU per capita than Germany did that year. "After this country's withdrawal from the EU, this net amount will have to be redistributed among the other member states," writes CEP report author Matthias Kullas. "The other major net payers -- especially Germany, France and Italy -- will be facing significant additional costs."

Brexit could also lead to painful shortfalls for the European Investment Bank (EIB), Kullas calculated. If the British were to withdraw their share capital in the development bank, it would result in a shortfall worth billions. The EIB would be forced to make fewer loans -- loans that are vital for infrastructure projects across the Continent.

According to Kullas, the British have thus far borne the greatest burden at the bank. Their share of total capital is 16 percent, but they only benefit from 8.8 percent of the loans. No other country has a larger imbalance. "”

No wonder they want to bully us to stay......So much for them not needing us eh!

EU officials 'believe Britain will give up on Brexit if they make negotiations tough enough'

Senior figures in the EU believe that Britain will give up on Brexit if they make negotiations as tough as possible, The Telegraph understands.

British officials are fighting to stop Europe adopting a no-compromise position in talks in the hope that the UK will change its mind about leaving the bloc.

http://www.telegraph.co.uk/news/2016...-if-they-make/

mRebel

15-09-2016

Originally Posted by UncleLou:
“From that same article.

"But it could be even worse. The rebate to Britain's EU contributions negotiated by Margaret Thatcher has led to more than 110 billion euros in savings for the British over the years. Given that other net payers, including Germany, did not want to be made responsible for the additional costs this created, they were also given a rebate. In addition to Germany, the Netherlands, Sweden, Austria and Denmark also currently enjoy a reduction in what they must pay into the budget. After Brexit, this spat could intensify, especially given that France, which is also a net payer, doesn't get any rebate at all."”

Yet Juncker insists we must be made to suffer a hard brexit. Talk about cutting off their nose to spite their face!

mRebel

15-09-2016

They do, but east European countries get lower payments.

trunkster

15-09-2016

Originally Posted by B-29:
“It's gone on Junckers army, thousands of secretly stashed tanks and guns waiting to take over all non EU countries!”

And a huge vault of champagne going by his recent drunken outbursts.

Eurostar

15-09-2016

Originally Posted by Shopaholic26:
“No wonder they want to bully us to stay......So much for them not needing us eh!

EU officials 'believe Britain will give up on Brexit if they make negotiations tough enough'

Senior figures in the EU believe that Britain will give up on Brexit if they make negotiations as tough as possible, The Telegraph understands.

British officials are fighting to stop Europe adopting a no-compromise position in talks in the hope that the UK will change its mind about leaving the bloc.

http://www.telegraph.co.uk/news/2016...-if-they-make/”

The hard bargaining stance from the EU may well be correct but I'm not so sure it would be done to force the UK to stay in the EU. Would the EU even want Britain to remain in the union at this point? It might be far more hassle than it's worth.

Tissy

15-09-2016

Originally Posted by Eurostar:
“The hard bargaining stance from the EU may well be correct but I'm not so sure it would be done to force the UK to stay in the EU. Would the EU even want Britain to remain in the union at this point? It might be far more hassle than it's worth.”

Tbh I think they'll be glad to get rid of us.

Hard bargaining is to deter other countries from following our lead maybe ?

Eurostar

15-09-2016

Originally Posted by Tissy:
“Tbh I think they'll be glad to get rid of us.

Hard bargaining is to deter other countries from following our lead maybe ?”

That's what I'm thinking alright. It would be done to maintain the stability of the union and to deter others from leaving. There doesn't seem to be much evidence of the EU doing anything to 'make' the UK change its mind. Verhofstadt said yesterday Britain should get a move on and stop dragging its heels.

Tissy

15-09-2016

Originally Posted by Eurostar:
“That's what I'm thinking alright. It would be done to maintain the stability of the union and to deter others from leaving. There doesn't seem to be much evidence of the EU doing anything to 'make' the UK change its mind. Verhofstadt said yesterday Britain should get a move on and stop dragging its heels.”

Also druncker

http://news.sky.com/story/jean-claud...-lies-10579308

The YouTube interview came after Mr Juncker urged EU members to stick together following the Brexit vote and called on Britain to trigger Article 50 and begin departure negotiations.

weirlandia4eva

16-09-2016

Substantive Brexit talks between the UK and the rest of the EU are unlikely to start much before the end of 2017, a former European Council president says.
Speaking to the BBC, Herman Van Rompuy said negotiations were unlikely until a new German government was formed after next September's election.

oathy

16-09-2016

The amount of money being talked about. Certain people within the EU need to drop the bruised Ego and realise its going to be for the best in the long term. Talk of this EU defence force would have been front pages news and on the news non stop. It barely got a mention.

Its clear they want to play hardball to stop other countries going and still keeping access to the single market. But if the UK is so important that needs to be taken into account
the current course they are heading its just going to hurt both sides, and prove the accusation a few guys in suits run the entire thing.

Italian banks are on the Verge of Collapse yet the PM is still banging on about how the UK cant cherry pick. the smaller countries that joined more recently a fair number simply weren't ready to join there is no way they are going to increase contributions just wont happen.

there was an article shortly after the vote and it said wages/Benefits going back to Poland were in the Billions of euros a year. There's a deal to be made here but after watching the EU parliament session the other day some of them really need to drop the attitude.

gemma-the-husky

16-09-2016

See. 350 million a week for good causes.

Steve9214

16-09-2016

Interesting on BBC Breakfast this morning - a whisky manufacturer said that UK sells £100 million worth of Whisky to India - even with a 150% tax on it.

If we do our own deal with India to lower the duty on whisky we sell to them - who knows how much we could sell ??

Aurora13

16-09-2016

Originally Posted by Aye Up:
“OK smart arse, instead of posting general tit for tat come up with something substantive. I have looked at it from a fairly simple but logical view point, looked at the numbers and come up with something coherent at least.

You bitch and moan god knows how many civil servants are going to cost the tax payer, you are so friggin clever you don't even have a number! So smart you keep popping bullshit that you can't even quantify, all of what you say is is conjecture, yet you play it as fact.

Patronise me and the rest who voted leave all you want, but its you stuck in a rut being a grumpy sod who can't accept a democratic result and actually have a bit of faith and belief in this country.”

Just facing stark reality. Soundbites and dreamland no longer suffice. No doubt civil service union will be on airwaves shortly to fill us in on nuts and bolts and costs.

Mou Mou Land

16-09-2016

Ah, the whole might of a continent that we had to extricate from war bullying us.

Petrified am I.

jmclaugh

16-09-2016

Originally Posted by Aurora13:
“Just facing stark reality. Soundbites and dreamland no longer suffice. No doubt civil service union will be on airwaves shortly to fill us in on nuts and bolts and costs.”

Well if and when they do you can come back and tell us the cost instead of engaging in soundbites about it will cost shed loads.

corf

16-09-2016

I was at a council meeting this week where they stated their were behind on their new housing targets because they only use local businesses.

is this isolationism?
Is this good or bad?

jmclaugh

16-09-2016

Originally Posted by corf:
“I was at a council meeting this week where they stated their were behind on their new housing targets because they only use local businesses.

is this isolationism?
Is this good or bad?”

Not sure but I think you posted in the wrong thread.

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