If we vote for Brexit what happens

davomcdave

I thought this might be of interest. A fairly detailed exploration of the cost of Brexit:

http://cer.org.uk/publications/archive/policy-brief/2017/%E2%82%AC60-billion-brexit-bill-how-disentangle-britain-eu-budget

Britain’s EU exit bill is possibly the single biggest obstacle to a smooth Brexit. The European Commission calculates that the UK has €60 billion of charges to settle. Britain is confident it will face down what it considers to be spurious demands. Both sides are entering the Brexit money negotiations with unrealistic expectations. Ultimately, this political collision could bring the Brexit talks to a sudden and premature end. The issues are surmountable. In pure economic terms, even that €60 billion estimate is relatively insignificant, especially when paid over many years. But disputes over EU money are almost always highly-charged and occasionally nasty. A mismanaged negotiation of the bill could easily poison Brexit divorce talks and future UK-EU trade relations.

The make-up of the bill is little understood, even by EU-27 countries. The €60 billion covers Britain’s potential obligations in three main areas: legally binding budget commitments that will be paid after Britain leaves; pension promises to EU officials; and contingent liabilities – such as bailout loans to Ireland – that would only require payments in certain circumstances.

The €60 billion is money that Britain has already committed to spending so the only negotiation really should be when and how Britain pays. I have no doubt that many will whinge about how when we leave we don't have any further liabilities but, as with so much about Brexit on all sides, that is crap. If you spend a bunch of money on the credit card and then decide to change banks you still have to make good on your debts!

Herzlos

I've very curious as to what the Brexit bill is, on both sides, in terms of hours & expenses, just for the negotiations & logistics. That's going to be eye watering.

Just the referendum cost an estimated £142m. I can see Brexit costing about that in paperwork alone.

Conrad wrote: »

Wow, this changes everything!

So glad I am not an Australian having to suffer such injustices as phone call charges, phew, back to the EU it is, cap in hand.

I love when you make an irrelevant, sarcastic comment. It's the closest you'll get to admitting it's not all roses.

It's not a big deal in the grand scheme of things, but it's another one of the "What has the EU ever done for us?" issues that people will moan about later, like their holiday in Spain costing more.
It's also another part of legislation/negotiation that will take hundreds of hours to agree on with the EU.

Masomnia

Herzlos wrote: »

It's not a big deal in the grand scheme of things, but it's another one of the "What has the EU ever done for us?" issues that people will moan about later, like their holiday in Spain costing more.
It's also another part of legislation/negotiation that will take hundreds of hours to agree on with the EU.

I don't necessarily disagree with capping the charges, but I've no doubt that it will result in higher bills from phone companies.

I take more issue with the democracy aspect of it. Whose manifesto was this policy in? Who said 'If you vote for me I'll cap roaming charges'? The answer is no one. It's effectively a one party state regulating industry and it does make me uncomfortable.

cogito

davomcdave wrote: »

I thought this might be of interest. A fairly detailed exploration of the cost of Brexit:

http://cer.org.uk/publications/archive/policy-brief/2017/%E2%82%AC60-billion-brexit-bill-how-disentangle-britain-eu-budget



The €60 billion is money that Britain has already committed to spending so the only negotiation really should be when and how Britain pays. I have no doubt that many will whinge about how when we leave we don't have any further liabilities but, as with so much about Brexit on all sides, that is crap. If you spend a bunch of money on the credit card and then decide to change banks you still have to make good on your debts!

And as I have posted brfore on here, the UK has assets as well as liabilities including €39bn in the European Investment Bank and also has a 12% share of EU assets. Why do people who chunter on about the UK's liabilities always overlook the other side of the coin?

setmefree2

So Conrad and Clapton have been PPRed...:o

setmefree2

Post-Brexit Britain Can Keep Place in Top 10 Economies, PwC Says

https://www.bloomberg.com/politics/articles/2017-02-07/post-brexit-britain-can-keep-place-in-top-10-economies-pwc-says

'UK could be fastest-growing G7 economy if it gets trade deals right'

https://www.theguardian.com/business/2017/feb/07/uk-g7-economy-trade-pwc-brexit-us

prosaver

setmefree2 wrote: »

So Conrad and Clapton have been PPRed...:o

so i should be next?

StevieJ

setmefree2 wrote: »

So Conrad and Clapton have been PPRed...:o

What is that about? They have not been outed as FarageBots have they? I would like to see them back, along with Generali.

Graham_Devon

StevieJ wrote: »

What is that about? They have not been outed as FarageBots have they? I would like to see them back, along with Generali.

Someone spent enough time reporting individual posts to prompt this reaction!

StevieJ

Graham_Devon wrote: »

Someone spent enough time reporting individual posts to prompt this reaction!

Conrad seemed a cheery fellow, I can't imagine him posting anything that could have achieved a banning order.