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Rejoin the EU?

Discussion in 'off topic' started by droodzilla, Jun 30, 2020.

  1. richardg

    richardg Admonishtrator

    And what is the total net contribution for all countries?
  2. richardg

    richardg Admonishtrator

    Is it less than 50 million?
  3. i.j.russell

    i.j.russell pfm Member

    It is! It is actually zero. There are net contributors and net recipients of all membership fees.


    Each Government pays 75% of collected tariffs from selected goods entering the Custom’s Union through their country.
    Colin L likes this.
  4. tuga

    tuga European

    What about a referendum for Lil'exit, the independence of Little England? After independence exile Farage and the ERGies to the Falklands.
  5. richardg

    richardg Admonishtrator

    I mean what is the total net contribution of the net contributors. When we agree on that number we can discuss whether the UK's net contribution is a drop in the ocean or not, can't we?
  6. tuga

    tuga European



  7. richardg

    richardg Admonishtrator

    Good thank you, so UK figure whatever it is, is shitloads. Maybe 20%. However you try to package it, 20% defecit in the net contribution is going to be hard to plug.
  8. tuga

    tuga European

    The UK will pay for existing commitments.
    Future expenses will require some tightening of the belt.
  9. i.j.russell

    i.j.russell pfm Member

    It's about 0.15% of GDP extra for contributors and 0.15% of GDP less for recipients. Yes, it is a big figure but in global economic terms it's tiny.
  10. Colin L

    Colin L pfm Member

    About 8bn it seems, but there’s an adjustment period as the UK still has to pay contributions for a contracted period, and the growth in internal and external trade will cover much of the gap (it has done already according to recent trade reports).

    In terms of the size of the E.U. economy it’s button money. Boris could spaff that away on a couple of shit projects in a year.
  11. richardg

    richardg Admonishtrator

    But we are not talking global economy terms, we are talking EU budget terms. You questioned why anyone might suggest it would be difficult to plug the defecit in post 59. It will be probably be really difficult. There is already bickering, as far as I can see, as to who should pay more and by how much. It's not that the money is not there. It's that countries won't accept it and already are showing signs of not wanting to pay it.
  12. i.j.russell

    i.j.russell pfm Member

    One of the things we have to pay for is pensions of UK ex-MEPs like Farage.
  13. i.j.russell

    i.j.russell pfm Member

    The GDP of the EU is $18.292 trillion.

    There is always bickering at budget time. They will come to an agreement and carry on because they all know that the benefits of membership massively outweigh any costs.
    wacko likes this.
  14. richardg

    richardg Admonishtrator

    If there was always bickering at budget time without a 10bn hole to fill, it is safe to at least question whether the bickering will get significantly more intense and take some time to fill.
  15. i.j.russell

    i.j.russell pfm Member

    They are far more concerned about the costs of COVID-19 and the impending climate crisis than Brexit.
  16. richardg

    richardg Admonishtrator

  17. wacko

    wacko pfm Member

    Possibly the only thing that is sure about Brexit is that the UK will be worse off, and so will the EU. Not often we see a Lose/Lose on this scale apart from war.
    wow&flutter, sean99, ff1d1l and 3 others like this.
  18. Nick_G

    Nick_G pfm Member

    I wouldn't send them there. Since they're all apparently fans of Putin and strong leadership I'd exile them to the remote Russian Arctic island of Novaya Zemlya (New Land). The uplands there will be sunlit (well, maybe in the summer). Leave them out in the cold in a literal as well as a metaphorical sense.
    tuga likes this.
  19. Kirk

    Kirk pfm Member

    Any shortfall will be reduced by extra contributions from Germany (and probably one or two other net contributors), taxes and some budget cuts. A digital tax would help.
  20. Rcook

    Rcook pfm Member

    It will have collapsed by 2024. Hopefully.

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