Re: Tony Blair tells the people to ‘rise up’ against Brexit
Originally Posted by
AnnieS
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It's not clear who we borrow billions or trillions from to fund our national debt via gilts, but they might not want to lend us money in future if we walk out on prior financial and contractual commitments in a hissy fit. Doing so would make us into an unstable economy and an unattractive place to invest.
I for one do not fancy being "hurt badly".
So talk of walking out on commitments is just political posturing. Nuclear option is apt.
Hi
It is not the UK who has had a hissey fit.
There is nothing in Article 50 that prohibits negotiating a future trade relationship at the same time as negotiating the financial aspects of withdrawal.
That was a decision of the EU Commission, the Bureaucrats.
The is nothing in Article 50 which states that a Country must be punished for leaving.
Juncker has publicly stated that we must leave with a bad deal.
Article 50 is however totally clear that if no deal is reached, the Country which is leaving does so at the end of the 2 year period.
There is no suggestion that we will not pay what we are legally obliged to, the question is rather how much we have to pay.
The EU is busy adding up an enormous bill, but is omitting to include, or even negotiate on what benefits the EU have had from our Contributions over the years.
This is an absolute nonsense, it is sheer bully boy tactics.
If we do not stand and fight it we will become an International laughing stock and any future trade negotiations outside the EU will not be to our benefit, they will be to our detriment.
We can avoid the International Pariah thing by guaranteeing our debt payments, whilst making it perfectly clear that we are in dispute with the EU about Asset Valuations.
I have never been of the opinion that leaving the EU would save us a penny and I have always accepted that short term at least, it is going to be costly to do so until we have new trade agreements elsewhere.
I will not however agree with our Government handing over tens of billions of our cash without a fight.