Brexit the economy and house prices part 7: Brexit Harder

Thrugelmir

Kohoutek wrote: »

the rest from EU own funds.

Where does the EU generate it's funds from?

Thrugelmir

Kohoutek wrote: »

Why? What argument about Brexit being a good idea does having a balance of trade deficit deficit with the EU prove?

We have a balance of trade deficit with China for example too (and on a net basis, the whole world for that matter). Are you saying our trading relationship with China is bad too?



The total budget is about €150-160bn a year, with about 70% coming from member state contributions, the rest from EU own funds.

That's hardly excessive given there are 28 member states and most of the budget is sent back to member states through CAP, structural funds etc. Cf the UK 2018 public budget which was about £660bn (€770bn).

About €9bn of that is administration. Again, not really a lot given there are 28 member states and all the institutions the EU operates.

Far easier way of dissecting the figures. The UK makes a net contribution of some £9bn a year. This equates to the UK paying for the entire admin budget of the other 27 member states. Or the amount that French farmers receive from CAP.

Arklight

There will be no Brexit.

Tromking

Arklight wrote: »

There will be no Brexit.

Yep.
Alas tis true.

andrewf75

Herzlos wrote: »

I'm not a hard-core remainer. I could easily get behind brexit if someone gave me anything to get behind.

Sums me up as well. I'm generally pro-change and in favour of shaking up the way we do things currently. I also have no particular fear of being in recession for a few years and of the country having less money - IF there is a clear long term benefit

I could definitely have been on the other side if it Brexit had been led by progressive, visionary types rather than reactionary, populist ones

What really swings it for me is the leading Brexiters don't actually want to change the fundamental way the economy works - which caused the leave vote in the first place. Sure, they say they will reduce immigration, but this is clearly all talk. The root cause of Brexit and Trump and all the other populist movements worldwide is people being left behind by rampant capitalism. The answer cannot be even more free market capitalism....

Thrugelmir

andrewf75 wrote: »

What really swings it for me is the leading Brexiters don't actually want to change the fundamental way the economy works - which caused the leave vote in the first place

For the majority of people the economy wasn't even on the agenda. Personal and local issues prevailed.

As for Rees Mogg he favours lower taxes and less regulation.

Herzlos

Unfortunately the economy is integral to most local and personal issues. People are complaining about the fall out from savage austerity (some councils budgets being cut in half, schools closing early to save money, roads being in terrible condition). None of that's going to improve if there's less money in the pot, is it?



I'm all for change but only when there's a benefit to it. I hate change for changes sake.


As far as I can tell, this is purely a change for the worst, and 3 years of inquiring hasn't been able to convince me.


As you said, if it was led by progressive visionaries rather than self-serving incompetents, then I'd be able to get behind it. As it is, we're 3 weeks from the deadline and still don't actually know anything; we've literally no idea how anything will work, which is really concerning what businesses we have left.


I'm personally taking a gamble on everything working out fine and will be booking visits to customers over the transition safe in the knowledge that I won't be footing the bill

lisyloo

Tromking wrote: »

Yep.
Alas tis true.

What does this mean? BINO? Or staying in?

andrewf75

Thrugelmir wrote: »

As for Rees Mogg he favours lower taxes and less regulation.

precisely, that's not going to help poor people is it? the country's infrastructure is already crumbling as it is, we need investment in the regions. Lower taxes and less regulation = less equal society, the regions will be even more neglected

Tromking

lisyloo wrote: »

What does this mean? BINO? Or staying in?

IMO, it’ll be stay in.
Parliamentary deadlock followed by an art. 50 extension for 2nd referendum and after a few temporary concessions on FOM from Brussels, Remain will win.