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Solasch
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03-07-2019, 04:29 PM
1

Beware if Hunt claims he negotiated a reduction on the £ 39 bn

The UK will continue to be a Member State during the extended Article 50 period. As a result, it will be obliged to contribute to the EU Budget on a monthly basis, as it currently does. The current extension to Article 50 ends on 31 October 2019, so as it stands the UK could continue to make financial contributions for up to seven months after its original departure date.

If the UK leaves with a Withdrawal Agreement it will enter a transition period that ends on 31 December 2020. The delay to Brexit doesn’t change this end date. During this period, the UK will contribute to the EU budget as if it were a Member State, making payments into what remains of the 2019 EU budget and the 2020 budget.
The UK pays (after the rebate) approx. £13 bn/year, or 1.08/month, or 250 mln/week (which is a familiar amout to most). During the extension period the UK contributes 7 x 1,08 = 7.5 bn. That amount can be deducted from the original amount of £ 39 bn. so that by end october ca. 31,5 bn is due.

So, should Hunt come back from brussels, claiming he has negotiated a reduction, this is the reality. Beware!

The above also means that, should the UK leave after october without a deal and no transition period, another 14 months of membership contribution ( 14 x 1,08 = 15,2) can be deducted fron the remaining 31,5 bn. So in a no deal brexit the severance amount due is "only" £ 16 bn.
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03-07-2019, 04:31 PM
2

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

We dont have to pay anything- it's part of the withdrawal agreement that we dont want.

Bye !
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03-07-2019, 05:19 PM
3

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by Bread ->
We dont have to pay anything- it's part of the withdrawal agreement that we dont want.

Bye !
Hi

That will be decided by the International Courts, not you, me or Boris.

A No Deal with no Transition Period means that we had better be ready for a Clean Break at the end of October.

I am not convinced that we are.

The EU have published their plans for a No Deal.

Some time limited concessions designed solely to protect themselves, not us.

They will protect their Industries based here.

A fact of life.

If the boot was on the other foot and the EU decided not to pay the UK what it owed, me being me, I would retaliate big time.

I would kick them as hard as I could and be a right git.

Do not be surprised if they do the same.

We may be the 5th biggest Economy in the World, but we are dwarfed by the EU Bloc and it's Free Trade Agreements.

Both Japan and Canada have adopted a wait and see attitude.

We are not rolling over those Free Trade Agreements anytime soon.

My view is that we pay what we owe.

We will not be paying for a Transition Period, so that is half the Money saved.

The Backstop can get stuffed.

I will not be blackmailed and kept in the EU by the back door.

No Deal means a Hard Border, Varadkar will have to live it.

We need to call his Bluff, it would be political suicide for him.

No Deal will hit us hard, it will destroy Ireland.

We hold the cards on the Backstop, time to play them.

Times have moved on since the Troubles, the IRA can be destroyed, we have never taken our eyes off them.
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03-07-2019, 05:21 PM
4

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by swimfeeders ->
Hi

That will be decided by the International Courts, not you, me or Boris.

A No Deal with no Transition Period means that we had better be ready for a Clean Break at the end of October.

I am not convinced that we are.

The EU have published their plans for a No Deal.

Some time limited concessions designed solely to protect themselves, not us.

They will protect their Industries based here.

A fact of life.

If the boot was on the other foot and the EU decided not to pay the UK what it owed, me being me, I would retaliate big time.

I would kick them as hard as I could and be a right git.

Do not be surprised if they do the same.

We may be the 5th biggest Economy in the World, but we are dwarfed by the EU Bloc and it's Free Trade Agreements.

Both Japan and Canada have adopted a wait and see attitude.

We are not rolling over those Free Trade Agreements anytime soon.

My view is that we pay what we owe.

We will not be paying for a Transition Period, so that is half the Money saved.

The Backstop can get stuffed.

I will not be blackmailed and kept in the EU by the back door.

No Deal means a Hard Border, Varadkar will have to live it.

We need to call his Bluff, it would be political suicide for him.

No Deal will hit us hard, it will destroy Ireland.

We hold the cards on the Backstop, time to play them.

Times have moved on since the Troubles, the IRA can be destroyed, we have never taken our eyes off them.
No it wont, we just leave on 31st October with no withdrawal agreement.
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03-07-2019, 05:50 PM
5

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by Bread ->
No it wont, we just leave on 31st October with no withdrawal agreement.
Hi

Fine then.

Immediate imposition of WTO Tariffs.

Immediate imposition of Non Tariff Quotas and end of reciprocal agreements.

Sanitary and phytosanitary checks.

The EU bans trading of Euros and EU Stocks in London.

An immediate loss of more in Taxes than our current EU Membership Costs.

We lose all existing Free Trade Agreements we have as part of the EU.

The EU backtracks on the agreed splits of quotas for existing Trade Deals we have with other Countries.

We already know we are losing Japan and Canada.

That would mean we lose the rest.

Who would others choose?

The biggest Trade Bloc in the World or the UK?

It is simply not in others interests to choose the UK above the EU.

The area you work in does not have Tariffs, many others do.

It is not as simple as you think.
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Bread
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Sudbury, United Kingdom
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03-07-2019, 06:38 PM
6

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by swimfeeders ->
Hi

Fine then.

Immediate imposition of WTO Tariffs.

Immediate imposition of Non Tariff Quotas and end of reciprocal agreements.

Sanitary and phytosanitary checks.

The EU bans trading of Euros and EU Stocks in London.

An immediate loss of more in Taxes than our current EU Membership Costs.

We lose all existing Free Trade Agreements we have as part of the EU.

The EU backtracks on the agreed splits of quotas for existing Trade Deals we have with other Countries.

We already know we are losing Japan and Canada.

That would mean we lose the rest.

Who would others choose?

The biggest Trade Bloc in the World or the UK?

It is simply not in others interests to choose the UK above the EU.

The area you work in does not have Tariffs, many others do.

It is not as simple as you think.

Zzzzzzz
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03-07-2019, 07:39 PM
7

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by Bread ->
Zzzzzzz
Hi

I will remind you of that.

It will be good fun.
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Bread
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03-07-2019, 09:11 PM
8

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by swimfeeders ->
Hi

I will remind you of that.

It will be good fun.

You should have voted remain.

You want nigel Farage who wants to leave with no deal. If anyone needs reminding it's you of being a complete hypocrite
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Solasch
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25-08-2019, 09:38 PM
9

Re: Beware if Hunt claims he negotiated a reduction on the £ 39 bn

Originally Posted by Solasch ->
The UK will continue to be a Member State during the extended Article 50 period. As a result, it will be obliged to contribute to the EU Budget on a monthly basis, as it currently does. The current extension to Article 50 ends on 31 October 2019, so as it stands the UK could continue to make financial contributions for up to seven months after its original departure date.

If the UK leaves with a Withdrawal Agreement it will enter a transition period that ends on 31 December 2020. The delay to Brexit doesn’t change this end date. During this period, the UK will contribute to the EU budget as if it were a Member State, making payments into what remains of the 2019 EU budget and the 2020 budget.
The UK pays (after the rebate) approx. £13 bn/year, or 1.08/month, or 250 mln/week (which is a familiar amout to most). During the extension period the UK contributes 7 x 1,08 = 7.5 bn. That amount can be deducted from the original amount of £ 39 bn. so that by end october ca. 31,5 bn is due.

So, should Hunt come back from brussels, claiming he has negotiated a reduction, this is the reality. Beware!

The above also means that, should the UK leave after october without a deal and no transition period, another 14 months of membership contribution ( 14 x 1,08 = 15,2) can be deducted fron the remaining 31,5 bn. So in a no deal brexit the severance amount due is "only" £ 16 bn.

It seems not too difficult to predict british politicians. Want to know my prediction on brexit outcome?
https://www.independent.co.uk/news/u...-a9078176.html
 

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