Brexit, The Economy and House Prices (Part 2)

Carl31

mayonnaise wrote: »

That would send a nice signal to the international community.
A country that can't be trusted to honour it's obligations.
How much of a pariah state do you want us to become?

isn't the point that there aren't any?

We have been a net contributor to the EU for years, we have invested plenty in that project, they should be giving us some back

always_sunny

Carl31 wrote: »

isn't the point that there aren't any?

We have been a net contributor to the EU for years, we have invested plenty in that project, they should be giving us some back

There are previously agreed financial commitments.
The UK has been a net contributor to the EU for years and it was also a full EU member state during those years. so what's your point?

This has been covered to death really, chances of the UK leaving the EU without forking some cash is next to none. Even the UK government has acknowledged that there's going to be some payment.

mayonnaise

Carl31 wrote: »

isn't the point that there aren't any?

We have been a net contributor to the EU for years, we have invested plenty in that project, they should be giving us some back

It's not an investment project, Carl.
We paid a net contribution and benefited greatly from the advantages that brought.

A_Medium_Size_Jock

always_sunny wrote: »

There are previously agreed financial commitments.
The UK has been a net contributor to the EU for years and it was also a full EU member state during those years. so what's your point?

This has been covered to death really, chances of the UK leaving the EU without forking some cash is next to none. Even the UK government has acknowledged that there's going to be some payment.

You're right, it has been "covered to death really".
Why on earth then do you insist upon misrepresentation?
This from just yesterday:

"On the financial settlement, we have been clear that we recognise the UK has obligations to the EU and that the EU also has obligations to the UK."

http://www.bbc.co.uk/news/uk-politics-40744566


Now, do you see anywhere in there saying the UK will pay the EU?
Do you see anywhere saying that the EU must pay the UK?
No?
Ah - that will be because any financial arrangement has not been agreed.
You may well in fact find that the EU owes the UK; wouldn't that be a turn up for the books!

*Disclaimer*
Do not take the above as suggestion of a likely outcome.
I only point out what the Department For Exiting The EU has said.

A_Medium_Size_Jock

mayonnaise wrote: »

It's not an investment project, Carl.
We paid a net contribution and benefited greatly from the advantages that brought.

Quite so - including EU assets from our membership term.
This is quite an old report being from April but - well - you'll get the idea:

Officials believe that the UK is entitled of £9billion worth of funds currently held by the European Investment Bank.
Separate analysis has suggested that the UK is entitled to a further £14billion worth of EU assets including property, cash and other investments.

http://www.telegraph.co.uk/news/2017/04/02/britain-will-get-money-back-eu-instead-paying-leave-plans-considered/

ThinkingOutLoud_2

It is simple.

If your power provider sent you a large bill without detail of energy used. Would you pay it?

So until the detailed invoice is laid out with offsets as applicable - no one would agree to pay anything.

Have the UK already say they'd settle their just obligations? Yes.

End of story until the EU front up their invoice or the UK propose what they think they owe.

All else is bluster and positioning.

kabayiri

mayonnaise wrote: »

That would send a nice signal to the international community.
A country that can't be trusted to honour its obligations.
How much of a pariah state do you want us to become?

Are you saying it's not a statement of fact?

Let's start with the facts first.

Perhaps you should question how an administration as chokka full of professionals as the EU is able to come up with deficient rule books.

Even A50 only came into existence a few short years ago. Why on earth didn't they define precise guidelines for entry AND exit to the EU.

An organisation with world class guidelines would not NEED to rely on honour and trust.

always_sunny

ThinkingOutLoud wrote: »

It is simple.

If your power provider sent you a large bill without detail of energy used. Would you pay it?

Not surprised why the UK is one of the very few countries in the world with prepaid electric meters! :rotfl:

kabayiri

ThinkingOutLoud wrote: »

...
All else is bluster and positioning.

Of course it is.

It's a political power play, where the EU is intent on setting out it's dominant position for all the EU27 to see.

We have seen this before. They use loans to the Greeks to bring them into line. The EU also threatens Hungary and Poland with financial penalty for not accepting migrant quotas.

Rinoa

lisyloo wrote: »

err yes, but EU citizens are part of the EU and UK citizens are part of a country that democratically decided they didn't want to be part of the EU.
Why isn't that equitable?

How crazy would it be for the UK to say EU nationals living in Wales may continue to do so, but are banned from moving to England after Brexit.

But that's precisely what the EU want to impose on UK citizens.