Road rules6 mins ago
Brexit
Just heard on the news that it might cost the UK £40 billion to leave Europe. Where is this money going to come from?
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//Where is this money going to come from?//
Well if the government did not fritter our cash away like this ( and plenty more ) , we would have the dough to pass over to our Europen friends
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Well if the government did not fritter our cash away like this ( and plenty more ) , we would have the dough to pass over to our Europen friends
https:/
//If they slap any tariffs on our imports we will just do the same with their imports from us. //
We're one country, Danny. We import far far more from the EU than they do from us.
Given that a "no deal" scenario will result in WTO terms, the EU will recoup a huge portion of our lost membership fees in tariffs. It's not a threat to them.
We're one country, Danny. We import far far more from the EU than they do from us.
Given that a "no deal" scenario will result in WTO terms, the EU will recoup a huge portion of our lost membership fees in tariffs. It's not a threat to them.
“Oh, just sit back and watch this pantomime :-)”
Why do you consider what is going on to be a pantomime, anne?
It was quite clear that the UK government was intent in trying to secure the continuation of as many of the (few) advantages of EU membership to continue after we had left. It was equally obvious that the EU would not allow this without considerable concessions (including lorry loads of cash which is their overriding concern). The negotiations are now at the point where the UK needs to seriously consider whether promising such enormous sums of money in return for something that many nations in the rest of the world have for nothing is really worth the rub.
What’s happening now is no more than anybody who has witnessed the intransigence of the Euromaniacs would have expected. But it is no more a pantomime than the shenanigans that would have ensued from the EU had we remained. Everything associated with the EU is pernicious and obnoxious and attempting to leave it in a smooth and dignified manner will be no exception. I’d be interested to learn your views on what would have followed if we had agreed to remain. Do you think our contributions would have stabilised or been reduced?
//If they slap any tariffs on our imports we will just do the same with their imports from us. //
Er…er…
I think you mean //If they slap any tariffs on our exports [too them] we will just do the same with their exports [to us]. //
“Given that a "no deal" scenario will result in WTO terms, the EU will recoup a huge portion of our lost membership fees in tariffs.”
No they won’t.
You are quite correct to sat “We import far far more from the EU than they do from us.”. So, for example:
Exports from the EU to the UK are £50bn; tariffs at 10% then the EU pays the UK £5bn.
Exports from the UK to the EU are £20bn; tariffs at 10% then the UK pays the EU £2bn.
Result; the UK turns a £3bn profit. It has been made clear for some time that the EU will be the net losers in any “tit for tat” tariff imposition simply because the EU runs a huge trade surplus with the UK. It’s the party that exports the most (the EU) that will pay the most in tariffs.
Why do you consider what is going on to be a pantomime, anne?
It was quite clear that the UK government was intent in trying to secure the continuation of as many of the (few) advantages of EU membership to continue after we had left. It was equally obvious that the EU would not allow this without considerable concessions (including lorry loads of cash which is their overriding concern). The negotiations are now at the point where the UK needs to seriously consider whether promising such enormous sums of money in return for something that many nations in the rest of the world have for nothing is really worth the rub.
What’s happening now is no more than anybody who has witnessed the intransigence of the Euromaniacs would have expected. But it is no more a pantomime than the shenanigans that would have ensued from the EU had we remained. Everything associated with the EU is pernicious and obnoxious and attempting to leave it in a smooth and dignified manner will be no exception. I’d be interested to learn your views on what would have followed if we had agreed to remain. Do you think our contributions would have stabilised or been reduced?
//If they slap any tariffs on our imports we will just do the same with their imports from us. //
Er…er…
I think you mean //If they slap any tariffs on our exports [too them] we will just do the same with their exports [to us]. //
“Given that a "no deal" scenario will result in WTO terms, the EU will recoup a huge portion of our lost membership fees in tariffs.”
No they won’t.
You are quite correct to sat “We import far far more from the EU than they do from us.”. So, for example:
Exports from the EU to the UK are £50bn; tariffs at 10% then the EU pays the UK £5bn.
Exports from the UK to the EU are £20bn; tariffs at 10% then the UK pays the EU £2bn.
Result; the UK turns a £3bn profit. It has been made clear for some time that the EU will be the net losers in any “tit for tat” tariff imposition simply because the EU runs a huge trade surplus with the UK. It’s the party that exports the most (the EU) that will pay the most in tariffs.
