Brexit, the economy and house prices part 5

HAMISH_MCTAVISH

Rinoa wrote: »

It's ransom money. Pure and simple.

And thanks to Mayhems rush to article 50, our position is so weak we have no realistic choice but to pay it.

Pure and simple.

Arklight

Rinoa wrote: »

It's ransom money. Pure and simple.

Which we are paying.


What happened to:


"They'll come begging to us."


"The EU will collapse like a house of cards."


"Every individial country will be lining up to negotiate with us separately, they won't risk their exports."


"We don't need them. WTO rules are fine."


"The rest of the world will be lining up down the street to sign trade agreements with us."


Turned out to be complete rubbish. Like all the other Brexit lies.

mrginge

Filo25 wrote: »

Lots of things have been made perfectly clear by members of this government which subsequently proved to be complete rubbish.

Have you considered the wider implications of letting NI have a bespoke status?

Herzlos

Rinoa wrote: »

We had no legal obligation to pay it. If we had left without wanting a trade deal we certainly wouldn't have paid it.

Legally? I'm not sure, most contract lawyers would be able to make a good argument for us paying most of it.

Morally? Definitely. This figure is based on what we've committed to and are reneging on.

We're never going to agree, though.

Ballard

Rinoa wrote: »

We had no legal obligation to pay it. If we had left without wanting a trade deal we certainly wouldn't have paid it.

How are you an expert on the agreements that the UK have signed over the years but to the best of my knowledge no one else on this forum have see them?

Rinoa

Ballard wrote: »

How are you an expert on the agreements that the UK have signed over the years but to the best of my knowledge no one else on this forum have see them?

Just find me one 'Project Fear' quote (and they spouted everything they could think of) where they said we'd owe the EU £50Bn on leaving.

You can't, because even they didn't think we did.

Ballard

Rinoa wrote: »

Just find me one 'Project Fear' quote (and they spouted everything they could think of) where they said we'd owe the EU £50Bn on leaving.

You can't, because even they didn't think we did.

So this makes it a fact that we legally owe nothing?

tracey3596

From whatever the figure is, the EIB owe us around €10 billion and property/investments another €16 billion or so. That'll reduce the figure by quite a bit and yet none of the squawking remainers have even hinted at that, they're so busy trying (and failing) to goad leavers with as-yet unsubstantiated figures.
I wonder why?

Rinoa

Ballard wrote: »

So this makes it a fact that we legally owe nothing?

House of Lord report:

It added that Article 50 "allows the UK to leave the EU without being liable for outstanding financial obligations under the EU budget, unless a withdrawal agreement is concluded which resolves this issue.

“EU Member States may seek to bring a case against the UK for the payments of outstanding debts under principles of public international law, such as acquired rights, but international law is slow to litigate and hard to enforce.”

But the peers warned that failure to reach an agreement on financial terms would undermine the Government's aim of securing continued favourable to access to EU markets.

They said: “Although there are competing interpretations, we conclude that if agreement is not reached, all EU law – including provisions concerning ongoing financial contributions and machinery for adjudication – will cease to apply, and the UK would be subject to no enforceable obligation to make any financial contribution at all.”

Ballard

tracey3596 wrote: »

From whatever the figure is, the EIB owe us around €10 billion and property/investments another €16 billion or so. That'll reduce the figure by quite a bit and yet none of the squawking remainers have even hinted at that, they're so busy trying (and failing) to goad leavers with as-yet unsubstantiated figures.
I wonder why?

Some Brexiteers claim that we owe nothing at all with zero evidence of this. I suspect that far too many people take the nonsense spouted by the likes of Johnson, Gove and Farage as fact.

For the record, once again, I don’t know whether there is a legal obligation upon us to pay. I think that it is very likely that there is but I am not privy to the workings of the agreements that we’ve signed. I therefore won’t be posting anything that is speculation and claiming that it’s a hard fact. That would be utterly idiotic.