If we vote for Brexit what happens

Generali

Rinoa wrote: »

EU pays pro-remain groups €160m over 9 years



http://order-order.com/2016/05/13/eu-paid-e160-million-to-pro-remain-groups/

It would be interesting to see the whole picture: for example what is the reliance of those organisations on EU funding. I can't imagine that there would be an existential crisis in the OECD if the EU turned the taps off.

Also 9 years is a very specific period which makes me suspicious. Why 9 years? Normally you'd choose a decade or since 2000 because that's how people's brains work. There is nothing more important about 10 years than 9 but people assign more importance to it.

Filo25

I would imagine that is pocket change to the IMF as well.

To be fair its an obvious tactic from the Brexit side, on a simplified level, try to muddy the waters on the economic debate and then hope to win on the antipathy towards immigration, if the economic argument ends up being perceived as a tie, then we will no doubt vote to leave.

Rinoa

Generali wrote: »

It would be interesting to see the whole picture: for example what is the reliance of those organisations on EU funding. I can't imagine that there would be an existential crisis in the OECD if the EU turned the taps off.

Maybe the question you should be asking is "If these organisation aren't reliant on EU money, why does the EU feel the need to [STRIKE]bribe[/STRIKE] support them?

Generali

Rinoa wrote: »

Maybe the question you should be asking is "If these organisation aren't reliant on EU money, why does the EU feel the need to [STRIKE]bribe[/STRIKE] support them?

TBH I'm surprised that the EU pays PwC so little and that EY, Deloitte and KPMG aren't on the list. TBH it makes me wonder whether the list is in any way accurate at all.

Are we really to believe that the EU gets some of its external auditing and consultancy from PwC and it pays less than £1,500,000 for it? It's a ridiculous proposition, risible.

!!!!!!, the fund management firm I work for pays well in excess of that each year for auditing services alone from one of the Big Four and while we're big for Aus we're probably an order of magnitude smaller than the EU, maybe even two.

The numbers aren't credible at all. Not even close.

Put it this way, BP paid its auditors $51 million last year. Do you really think that the EU spent less than 5% of that with the Big Four?

Rinoa

I see the EU kindly gave the £9m to the BBC's charitable arm.

http://www.telegraph.co.uk/news/newstopics/eureferendum/11953172/EU-referendum-bias-row-after-EU-pays-BBC-charity-9m.html

A magnificent gesture by the EU, who we all know wouldn't expect anything back in return.

Generali

http://www.bp.com/content/dam/bp/pdf/investors/bp-annual-report-and-form-20f-2015.pdf

page 74 for audit fees paid in 2015.

Rinoa

Generali wrote: »

TBH I'm surprised that the EU pays PwC so little and that EY, Deloitte and KPMG aren't on the list. TBH it makes me wonder whether the list is in any way accurate at all.

Are we really to believe that the EU gets all its external auditing and consultancy from PwC and it pays less than £1,500,000 for it? It's a ridiculous proposition, risible.

!!!!!!, the fund management firm I work for pays well in excess of that each year for auditing services alone from one of the Big Four and while we're big for Aus we're probably an order of magnitude smaller than the EU, maybe even two.

The numbers aren't credible at all. Not even close.

Put it this way, BP paid its auditors $51 million last year. Do you really think that the EU spent less than 5% of that with the Big Four?

The figures are not for paid work. Just donations. Maybe to a charitable arm.

I would imagine the EU would be only too willing to pay their auditors over and above their normal remuneration if they signed off the accounts and didn't ask too many questions.

HAMISH_MCTAVISH

Generali wrote: »

TBH I'm surprised that the EU pays PwC so little and that EY, Deloitte and KPMG aren't on the list. TBH it makes me wonder whether the list is in any way accurate at all.

Actually the easy way to end this obvious ad hominem is to ask what the big accounts firms that were not on that list of payees think about the risks of Brexit.

Gen, perhaps you could enlighten us?

StevieJ

Rinoa wrote: »

Brexit: The Movie

https://vimeo.com/166378572#embed

Back to the 19th century

BobQ

Rinoa wrote: »

Maybe the question you should be asking is "If these organisation aren't reliant on EU money, why does the EU feel the need to [STRIKE]bribe[/STRIKE] support them?

You say this based on a presumption that the EU sets out to support them. The EU funds a range of organisations to enable them to do research and studies for it. So for example a union like Unite might get some EU funds to investigate stress or diversity in the workplace. The NFU might collect data for rural development planning The CBI probably collects data from surveys of its members.

You can read into this all sorts of conspiracies but it is normal business for the EU.