Re: Barmier: "The EU will not move one millimetre"
Originally Posted by
JBR
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I see.
I'm afraid I haven't seen any details of that in the press. Is it being kept a secret, perhaps?
I should be very interested to see precisely how the EU justify our owing them £100 billion (or whatever the figure is now). I should have thought they'd have to provide an itemised list.
If you know of any publication, I'd be grateful if you could point me in the right direction.
Hi
The EU position is this.
The UK pays on the basis of the 2013 agreement which we signed and voted for.
This is the planned expenditure of the EU for its 7 year cycle.
It is known as the Multiannual Financial Framework.
There is no exact figure, as there a number of ways of calculating this.
The UK position is that we do not agree with this and should only pay our annual contributions until the date of leaving.
Even this is not straightforward as our rebate is calculated in arrears when the final costs are known.
We are insisting that any payments over and above our annual payments are linked to a Future Trade Deal and a transition period.
Why is there no final figure?
There are a number of ways of calculating our liability under the MFF.
The long boring bits are here.
http://bruegel.org/wp-content/upload...WP_2017_03.pdf
The figures vary greatly according to which methodology is chosen.
The EU has asked us to agree which methodology will be used, that genuinely is a matter for negotiation.
The UK response has been that there is no legal basis for the UK to pay anything.
The EU is saying, well you signed for it and even voted for it.
It is now a total impasse.
We have agreed to pay them something, how much we have not stated, but only if we get a transitional deal and a Trade Deal.
Neither the EU or UK is budging on this.
Both sides are convinced that they have a good legal claim.
If neither side blinks, the matter will go to International Court and will years to decide.
By that time we will be out with no deal.