FabSwingers.com forum: U.K. owes EU €47.5 billion

By *oo hot OP Couple
over a year ago

North West

This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”"

Ouch, that is a hefty bill, no wonder the EU were happy with the deal

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

Yup. Old news.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

lol.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them?? "

Whoever…..it’s a fable

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

There's a few of those about atm lol.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

We have to pay - Been through all this before - it's all part of our commitments to research projects - EU Special Projects - contributions to EU data transmission across borders and monitoring. Pensions of EU staffing.

All those things that we signed up to that crossed over our leaving date.

An honourable and legal commitment.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Not anymore,

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU"

Your 100% correct, it doesn’t sound like the EU.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU"

I thought they ‘needed us more than we needed them ‘ ‘we held all the cards’ etc etc

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Not anymore, "

Never say never - it ain’t over till the fat lady sings

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU. "

Well you made the claim

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Not anymore,

Never say never - it ain’t over till the fat lady sings

It’s done, signed , sealed and delivered,

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

And some said it never would be lmfao

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world, "

As I said, only when the big guy is a bully and that doesn't sound like the EU.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Not anymore,

Never say never - it ain’t over till the fat lady sings

It’s done, signed , sealed and delivered,

“ Oh yeah, baby, Like a fool, I went and stayed too long”

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU."

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

Didnt they say we owed them 100 billion looks like they didnt get as much as they wanted.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

There’s always choices

Not anymore,

Never say never - it ain’t over till the fat lady sings

It’s done, signed , sealed and delivered,

“ Oh yeah, baby, Like a fool, I went and stayed too long”

Ha, maybe they should have gone for a no deal, the only ‘true Brexit, and paid nothing, sounds like the ‘we hold all the cards guys’ bottled it

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU.

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

That's about honouring a deal. Nothing to do with he size of said 'guy'

I agree the deal should be honoured. I'll state it a again. You made the claim about us not having a choice against a 'big guy'

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Didnt they say we owed them 100 billion looks like they didnt get as much as they wanted."

PMSL, so we halved it, wow, impressed

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU.

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

That's about honouring a deal. Nothing to do with he size of said 'guy'

I agree the deal should be honoured. I'll state it a again. You made the claim about us not having a choice against a 'big guy'"

It’s a fable, we had one earlier , anyway, it’s irrelevant, we are paying ,

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

"Didnt they say we owed them 100 billion looks like they didnt get as much as they wanted."

Yes they did. And they lied. But we owed what we owed, and we will pay it. Co's that's what the guys in Big Pants do. lol

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU.

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

That's about honouring a deal. Nothing to do with he size of said 'guy'

I agree the deal should be honoured. I'll state it a again. You made the claim about us not having a choice against a 'big guy'

It’s a fable, we had one earlier , anyway, it’s irrelevant, we are paying , "

Of course it is

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

47.5 billion, no wonder the EU were so pleased, that is a huge sum of money, do you think we will have to borrow (and pay interest) to pay it off?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU.

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

That's about honouring a deal. Nothing to do with he size of said 'guy'

I agree the deal should be honoured. I'll state it a again. You made the claim about us not having a choice against a 'big guy'

It’s a fable, we had one earlier , anyway, it’s irrelevant, we are paying ,

Of course it is

We’re paying what we owe and doing what we have been told,

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

Ignoring facts doesn't make them any less facts . . .

All those things that we signed up to that crossed over our leaving date.

An honourable and legal commitment.

Reply privately

Reply in forum

Reply +quote

By *kstallionMan
over a year ago

milton keynes

what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

Reply privately

Reply in forum

Reply +quote

By *oxychick35Couple
over a year ago

thornaby

"47.5 billion, no wonder the EU were so pleased, that is a huge sum of money, do you think we will have to borrow (and pay interest) to pay it off? "
so if we voted remain how much would we of paid in let’s say over a ten year period ?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"47.5 billion, no wonder the EU were so pleased, that is a huge sum of money, do you think we will have to borrow (and pay interest) to pay it off? so if we voted remain how much would we of paid in let’s say over a ten year period ?"

Haven’t got a clue,

Reply privately

Reply in forum

Reply +quote

By *atEvolutionCouple
over a year ago

atlantisEVOLUTION. Stoke.

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?"

Indeed - Good point. I thought I saw 2054 (could be wrong, however)

Reply privately

Reply in forum

Reply +quote

By *oo hot OP Couple
over a year ago

North West

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?"

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion"

Ouch

Reply privately

Reply in forum

Reply +quote

By *kstallionMan
over a year ago

milton keynes

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion"

so same time then

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion"

What will the interest be ? We will obviously have to borrow to pay this debt

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion

What will the interest be ? We will obviously have to borrow to pay this debt "

They owe us £3.5 from our share in the ECB, that is due over a fairly large time period, as is our debt to them, a lot is for pensions and on going projects over various time scales

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"what is the time frame for paying it back. Is it the same as the time frame the EU are paying back the UK for the money they owe?

It is accounted for.

U.K. owes €49.6 billion, less €2.1 billion the EU owes U.K.

Net €47.5 billion

What will the interest be ? We will obviously have to borrow to pay this debt

They owe us £3.5 from our share in the ECB, that is due over a fairly large time period, as is our debt to them, a lot is for pensions and on going projects over various time scales "

And? What has that got to do with the interest ?

Reply privately

Reply in forum

Reply +quote

By *oo hot OP Couple
over a year ago

North West

There was an article in the FT (or similar - it was discussed on here I remember) in early 2020 (before Covid) and it showed a number of trajectories of U.K. GDP since 1990, projected to 2040 (50 years).

There was the actual GDP which showed a huge dip and correction in 2016 and the line then followed its 2016-2020 trajectory to 2040, and the trajectory that it was following up to 2016 also to 2040. The lines were diverging.

The summary was that tax revenues from the diverging GDP’s suggested that byJanuary 2021 - all things remaining the same, the loss in U.K. tax revenues between June 2016 and January 2021 would be equal to (or more) than all of the U.K. subscriptions to the EU since inception.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Ouch again

Reply privately

Reply in forum

Reply +quote

By *_love_to_give_oralMan
over a year ago

central

I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??"

Not sure how accurate that is but the last bit is correct, blue passports

Reply privately

Reply in forum

Reply +quote

By *_love_to_give_oralMan
over a year ago

central

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

Not sure how accurate that is but the last bit is correct, blue passports

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

Not sure how accurate that is but the last bit is correct, blue passports

Fist pump

Reply privately

Reply in forum

Reply +quote

By *sussexyMan
over a year ago

Ringmer

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

Not sure how accurate that is but the last bit is correct, blue passports

Yeah, well, kinda. Owing to the current situation half the world won't let us in, and the other half is scary dangerous like us. So maybe they'll stay in the cupboard for a while...

Or maybe I'll frame mine.

Only kidding... I made sure I got one of the last burgundy ones so I could pretend things were OK for as long as possible.

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??"

No the net contribution was 9.5 billion pounds per year.

Reply privately

Reply in forum

Reply +quote

By *irtylittletramp100TV/TS
over a year ago

Notts

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

which most people have heard except europe

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

No the net contribution was 9.5 billion pounds per year."

Every year?

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"47.5 billion, no wonder the EU were so pleased, that is a huge sum of money, do you think we will have to borrow (and pay interest) to pay it off? "

I see similar figures put about concerning the divorce bill. Just had a brief look so may have missed something silly but what I read from the OBR is that the bill was 41.4 billion euros (37.1 billion pounds). However they say that about a half of that accounted for the transition period as we were still members and still had same access ect. That was based on the leaving date of October 2019. As the actual leave date was December 2020 and the UK continued to pay for membership until then the bill was reduced even more. So what's left to pay is way below the opening figure (less than half). According to them the majority will be paid by 2023/2024 with small payments there after stretched out to 2064(pension related). using the figure of 47.5 billion in debt could be misleading Hopefully I not read it wrong but if I have then apologises in advance.

Reply privately

Reply in forum

Reply +quote

By *ap d agde coupleCouple
over a year ago

Broadstairs

When your heading for 2.5 Trillion National debt, 47 Billion is just small change

Reply privately

Reply in forum

Reply +quote

By *ostafunMan
over a year ago

near ipswich

"We have to pay - Been through all this before - it's all part of our commitments to research projects - EU Special Projects - contributions to EU data transmission across borders and monitoring. Pensions of EU staffing.

All those things that we signed up to that crossed over our leaving date.

An honourable and legal commitment."
Exactly commitments that have been discussed many times before as i said on another thread the remain argument must be getting very thin to bring up old news that everyone knew about.

Reply privately

Reply in forum

Reply +quote

By *ercuryMan
over a year ago

Grantham

We are due back €11 billion from the EIB, but thats not until into the 2050s.

A smaller amount is also due back from the ECB.

The EU figures also include our share for bad debt provision. That may or may not happen.

We will be due back a share of any fines levied by the EU.

The UK Goverment are due to publish our figures shortly.

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

Can someone some this up for me?

I obvs missed where they told us this would happen before the vote

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

No the net contribution was 9.5 billion pounds per year.

Every year? "

It obviously rose to that level from our entry into the eec when would have been a fraction of that and was on a rising trajectory

Once again if you want to see facts google them it's all available, of course it's much easier not to and remain uniformed

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Interesting how this is being spun isn't it.

You are aware of how much we were paying the EU each year as members, yes?

When we voted to leave, budgets and funding commitments had already been agreed and our 'Divorce bill' was essentially a deal to honour UK contributions it had already agreed to.

As members we were sending them around £18.5 billion every year

EU budgets and speding commitments are usually agreed for a period or around 5 - 6 years

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

"Interesting how this is being spun isn't it.

You are aware of how much we were paying the EU each year as members, yes?

When we voted to leave, budgets and funding commitments had already been agreed and our 'Divorce bill' was essentially a deal to honour UK contributions it had already agreed to.

As members we were sending them around £18.5 billion every year

EU budgets and speding commitments are usually agreed for a period or around 5 - 6 years"

And what did we get for that 18b?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

No the net contribution was 9.5 billion pounds per year.

Every year?

It obviously rose to that level from our entry into the eec when would have been a fraction of that and was on a rising trajectory

Once again if you want to see facts google them it's all available, of course it's much easier not to and remain uniformed "

Just to clarify, the 9.5 billion was only once ?

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

No the net contribution was 9.5 billion pounds per year.

Every year?

It obviously rose to that level from our entry into the eec when would have been a fraction of that and was on a rising trajectory

Once again if you want to see facts google them it's all available, of course it's much easier not to and remain uniformed

Just to clarify, the 9.5 billion was only once ? "

No it was a annual payment.

Reply privately

Reply in forum

Reply +quote

By *eanoCoolMan
over a year ago

wisbech

It was the amount we were paying in the end and not what the original amount was when we first joined. Its also 4.5 billion less annually than it should be i believe due to the uk getting 4.5 billion back in the form of a rebate.

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

"I’m not great at sums, but does that mean that brexit has more than doubled the cost of 47 years of EEC/EU membership, and now leaving without any of the accrued benefits gained over that time?

But at least you can now use Blue passports??

No the net contribution was 9.5 billion pounds per year.

Every year?

It obviously rose to that level from our entry into the eec when would have been a fraction of that and was on a rising trajectory

Once again if you want to see facts google them it's all available, of course it's much easier not to and remain uniformed

Just to clarify, the 9.5 billion was only once ? "

The last ten years we gave between 9 and 11.6 billion net.

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

Has anyone got a link to the claimed 47 billion owed? Was it pounds or euros?

As I posted before, the closest I can get to it ( by the OBR) is less than half of which most will be paid back in the next 2 years. It looks like maybe the original figure was from when negotiations started but does not take into account the fact it included the transition period where we continued as a member with the same rights and also received the same grants as before. It also does not take into account that the last day in the EU was far latter than when the figure was mentioned and therefore even more was paid off while a member. Either I am missing something ( very possible) or this is a very misleading figure used maybe or maybe not deliberately

Reply privately

Reply in forum

Reply +quote

By *oo hot OP Couple
over a year ago

North West

"Has anyone got a link to the claimed 47 billion owed? Was it pounds or euros?

It is the figure that is quoted is from the EU 2020 accounts.

Reply privately

Reply in forum

Reply +quote

By *rench letterCouple
over a year ago

Chorley,

If thats what we owe it should be paid, but as usual with thiis lots thats in government with lie. Especially bafoon Johnson.

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"Has anyone got a link to the claimed 47 billion owed? Was it pounds or euros?

It is the figure that is quoted is from the EU 2020 accounts."

As I say it was the starting figure when negotiations began. This as it turned out was a long time before the UK actually left. The figure according to the OBR states it includes the normal contributions the UK made each year to the EU. As the UK made the contributions from then onwards in the normal way the initial figure reduced with every payment. As the transition went on until the end of last year which was longer than originally thought the debt decreased even further. According to the OBR the outstanding amount is less than half the starting figure and the majority will be paid in the next couple of years. The accounts show the start figure which it appears people pick up on and quote as the money still owed which seems misleading to me. In other words if someone owed £100 because they were in a club and had paid back £60 while being a member is it right to say they owe £100 still or the £40 remaining

Reply privately

Reply in forum

Reply +quote

By *oo hot OP Couple
over a year ago

North West

"Has anyone got a link to the claimed 47 billion owed? Was it pounds or euros?

It is the figure that is quoted is from the EU 2020 accounts.

From the Financial Times….

“The obligations relate to past commitments made when the UK was an EU member state and during the post-Brexit transition period, which finished at the end of December.

An agreement on the Brexit divorce was one of the first key parts of the talks between London and Brussels after the 2016 vote to leave the EU — and one of the most difficult to resolve.

The methodology was agreed by the two sides in the withdrawal agreement”…

“The sum in the EU accounts exceeds earlier estimates from the UK.”….

A House of Commons library paper on the Brexit divorce bill said there was “no definitive cost to the settlement” …

“Under the final deal, the UK paid into the EU budget as if it was a member state until the end of the Brexit transition period on January 1 2021. The UK received funding from EU programmes during this time.”

Reply privately

Reply in forum

Reply +quote

By *ercuryMan
over a year ago

Grantham

Lets see what figure that the Goverment put out soon.

I suspect that we will have best case scenario versus worst case scenario, and that reality is somewhere in the middle.

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"Has anyone got a link to the claimed 47 billion owed? Was it pounds or euros?

It is the figure that is quoted is from the EU 2020 accounts.

From the Financial Times….

“The obligations relate to past commitments made when the UK was an EU member state and during the post-Brexit transition period, which finished at the end of December.

An agreement on the Brexit divorce was one of the first key parts of the talks between London and Brussels after the 2016 vote to leave the EU — and one of the most difficult to resolve.

The methodology was agreed by the two sides in the withdrawal agreement”…

“The sum in the EU accounts exceeds earlier estimates from the UK.”….

A House of Commons library paper on the Brexit divorce bill said there was “no definitive cost to the settlement” …

Exactly, the first sentence starts obligations related to past commitments. As the EU financial cycle still had years to run at the time, the UK was obliged to pay for what it had signed up to. As membership fees are a large part of the commitments and are several billion a year they form a large chunk of the bill. If the UK had left all those years ago then that would have been the bill. However as the UK remained a member for years after and paying the membership fees then the bill was reduced each year. The OBR says its reduced by more than half. The BBC backs this up just the other day. The dispute between the EU and UK is over the starting figure hence why no definitive figure is available. No one disputes the it includes money the UK has already paid hence why in my opinion the figure quoted at the beginning is misleading

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

Did Alex boast at ome time he wasnt going to pay the bill bill?

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

https://www.google.com/amp/s/www.independent.co.uk/news/uk/politics/brexit-eu-divorce-bill-final-boris-johnson-b1881187.html%3famp

Reply privately

Reply in forum

Reply +quote

By *wisted999Man
over a year ago

North Bucks

I still remain utterly unconvinced that Brexit was anything but a bad idea.

Change my mind I will wait………..

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"Did Alex boast at ome time he wasnt going to pay the bill bill?"

I think I recall that too. Can't recall the context but I'm sure it was mentioned. Shame he has already paid over half of it even before leaving lol. Seems the UK is continuing in a few programs too like horizon and nuclear research

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

"Did Alex boast at ome time he wasnt going to pay the bill bill?

I think it may have been if we would have left with no deal tbh.

Reply privately

Reply in forum

Reply +quote

By *wisted999Man
over a year ago

North Bucks

"I still remain utterly unconvinced that Brexit was anything but a bad idea.

Change my mind I will wait……….."

Or should that be utterly convinced that Brexit was anything but a bad idea. Damn my English.

Either way Brexit bad.

Reply privately

Reply in forum

Reply +quote

By *amish SMan
over a year ago

Eastleigh

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Ah right, good one, ‘we’ will pay though, ‘we’ don’t have a choice , small guy always pays the big guy

Small guy pay big guys because big guys are bullies and make threats if small guy doesn't pay.

That doesn't sound like the EU

Your 100% correct, it doesn’t sound like the EU.

Well you made the claim

Yes, the small guy always pays the big guy, it’s the way of the world,

As I said, only when the big guy is a bully and that doesn't sound like the EU.

PMSL, you agree a deal, you sign a deal, guess what, you honour the deal. We will pay, it’s as simple as that ,

Yep, but who signs a deal not knowing what the cost is, our chumps did just that.

Reply privately

Reply in forum

Reply +quote

By *amish SMan
over a year ago

Eastleigh

This week it seems that Switzerland is now moving away from the EU market, mind you they recently refused the EU's offer of trading agreement so no surprise. Problem is that now you can't send certain steel products, brake cables and copper gaskets into Switzerland. We have had several parcels refused entry this week, not been a problem for the past 40 years though.

We have also had one company in the US refuse to ship to us as they thought the new EU IOSS rules applied to the UK thinking we were still part of the EEC. I understand the EU's VAT problem, it's their problem as they could not agree a EU wide rate in 2016,and thus IOSS and EOSS which are nothing to do with Brexit. Problem is other countries are looking at the EU VAT collection system and now thinking its a good idea. Shipping globally at the moment it in a state of change it seems.

Reply privately

Reply in forum

Reply +quote

By *ionelhutzMan
over a year ago

liverpool

I guess the mood in the country wont change unless/,until it starts impacting people directly?

Reply privately

Reply in forum

Reply +quote

By *kstallionMan
over a year ago

milton keynes

"This week it seems that Switzerland is now moving away from the EU market, mind you they recently refused the EU's offer of trading agreement so no surprise. Problem is that now you can't send certain steel products, brake cables and copper gaskets into Switzerland. We have had several parcels refused entry this week, not been a problem for the past 40 years though.

Was this in relation to the EU insisting on the ECJ having jurisdiction and free movement as reported in the guardian.

Reply privately

Reply in forum

Reply +quote

By *I TwoCouple
over a year ago

PDI 12-26th Nov 24

"I still remain utterly unconvinced that Brexit was anything but a bad idea.

Change my mind I will wait……….."

Don't hold your breath.

Reply privately

Reply in forum

Reply +quote

By *irldnCouple
over a year ago

Brighton

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Someone famous said that but clearly not that famous as I cannot remember who!

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"If I owe someone £10,000, that I don’t have - that’s a problem for me to worry about.

If I owe someone £100 million, that I don’t have - that’s a problem for them to worry about.

Them??

Whoever…..it’s a fable

Someone famous said that but clearly not that famous as I cannot remember who!"

Getty

Reply privately

Reply in forum

Reply +quote

By *ools and the brainCouple
over a year ago

couple, us we him her.

"This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”"

We can just go to court and arrange a payment plan to pay it back at £1.00 day for the next 47 billion years.

Reply privately

Reply in forum

Reply +quote

By *irldnCouple
over a year ago

Brighton

"This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”

We can just go to court and arrange a payment plan to pay it back at £1.00 day for the next 47 billion years."

Might want to check your maths there

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”

We can just go to court and arrange a payment plan to pay it back at £1.00 day for the next 47 billion years.

Might want to check your maths there

That still wouldn't pay it off if you count interest, it'll probably be an infinite amount of times more left to pay than the original amount

Reply privately

Reply in forum

Reply +quote

By *ushtakerMan
over a year ago

Preston

"I guess the mood in the country wont change unless/,until it starts impacting people directly?"

Like some wages going up by 15% as reported on radio 4 this morning

Hospitality staff predominantly

Reply privately

Reply in forum

Reply +quote

By *ebbie69Couple
over a year ago

milton keynes

"This is the final divorce bill as logged in the EU 2020 accounts and was agreed by the U.K. Government during its negotiated exit.

Shame that this is now a cold hard deficit to the U.K. instead of just being a tiny fraction of the benefits that came with EU Membership.

Ah well, we live and learn.

Or will we?

Are some people still ideologically wedded to an end product that is not in their best interest?

Perhaps it is a similar analogy to what Raheem Sterling said, “They just hate what they don’t even know.”

We can just go to court and arrange a payment plan to pay it back at £1.00 day for the next 47 billion years.

Might want to check your maths there

That still wouldn't pay it off if you count interest, it'll probably be an infinite amount of times more left to pay than the original amount"

Link to BBC site showing the payments on a chart. As I mentioned the other day and confirmed on this link amongst others the overall bill included the UK membership fees from the time of negotiations to leaving hence why more than half is already paid off

https://www.bbc.co.uk/news/51110096

Reply privately

Reply in forum

Reply +quote

Post new Message to Thread