The Brexit Thread

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1) The Latvian price is not sold at a premium, it's in the average range.

2) Latvia is not nearly a big exporter to Russia. 5% of its production
Did you miss the past tense in my post?!?

3) Thing I just learned, the milk quotas finished in 2015. So there are no more restrictions... What are you going to blame now?
You think an industry that has been permanently damaged, closed down factories and farms, will magically spring back to life when quotas end? The damage has already been done, and of course the EU is to blame.
 
Shame...more EU fantasy exposed...

EU lawyers admit that £92billion Brexit Bill is IMPOSSIBLE to enforce and warn Eurocrats against attempting to make the UK pay the massive bill

It is 'legally impossible' to enforce demands for Britain to pay a massive £92billion (€100billion) divorce bill, lawyers in Brussels have reportedly privately admitted.

The shock revelation is contained in minutes of a meeting and given to the Brexit negotiation team in Brussels.

But the European Commission has ignored the advice of its own lawyers and pushed ahead with demanding the hefty bill regardless.

The staggering bill has contributed to the poisoning of relations between Britain and the EU.

EU negotiators have doubled the charge the UK was thought to be facing in order to cover farm subsidies and plug the giant hole in its budget up until 2020.

The numbers have shot up because they are trying to deny the UK a share of billions of pounds of assets across the continent - such as buildings.

But it has now emerged that serious questions have been raised over the legality of this position, according to a report in the Sunday Telegraph.

Demands that the UK's share of assets should not be included in calculations of the Brexit settlement were reportedly made at a seminar in February held by Brexit chief negotiator Michel Barnier.

According to minutes of the meeting seen by the newspaper, Nadia Calvino, the director-general in charge of the budget, argued against the idea.

She warned that Europe could not start 'cherry-picking' which parts of the annual accounts it wanted to base its calculations on.

In a separate legal memo seen by the newspaper, Mr Barnier's team warned it would be 'legally impossible' to insist Britain keeps paying for farm subsidies after it leaves the EU in March 2019.

But they appear to have been overruled.

A source told the paper: 'It was the clear view of the Commission that it would be legally impossible to defend the idea that the entire seven-year budget plan was a binding commitment on the UK, and that insisting the UK pay after Brexit would give them an excuse to walk.'

The revelations are a boot for the British government ministers, who have dismissed the huge bill.
 

In two paragraphs, "lawyers in Brussels" become lawyers of the Commission.

There is actually a massive legal department at the commission more than able and competent to address these matters.

But "lawyers in Brussels" break their oath and speak to the Daily Mail... How to not get to work again for the EU...
 
The EU should just build a wall and make the UK pay for it, problem solved :p
 
In two paragraphs, "lawyers in Brussels" become lawyers of the Commission.

There is actually a massive legal department at the commission more than able and competent to address these matters.

But "lawyers in Brussels" break their oath and speak to the Daily Mail... How to not get to work again for the EU...

It's Daily Mail, the British Faux News, thus expected.
 
Seems at least some Brexiteer Tories are happy that Macron won.

However, the result was welcomed by some senior Conservatives as good news for the Brexit negotiations.

“We don’t want to be negotiating with an EU in existential crisis – which it would be if Le Pen had won,” said Crispin Blunt, the Tory chairman of the Foreign Affairs select committee.
 
Banks planning to move 9,000 jobs from Britain because of Brexit

The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape.

Last week Standard Chartered (STAN.L) and JPMorgan (JPM.N) were the latest global banks to outline plans for their European operations after Brexit. They are among a growing number of lenders pushing ahead with plans to move operations from London.

Goldman Sachs (GS.N) chief executive Lloyd Blankfein said in an interview on Friday that London's growth as a financial center could "stall" as a result of the upheaval caused by Brexit.

Thirteen major banks including Goldman Sachs, UBS (UBSG.S), and Citigroup (C.N) have given an indication of how they would bulk up their operations in Europe to secure market access to the European Union's single market when Britain leaves the bloc.

Talks with financial authorities in Europe have been underway for several months, but banks are increasingly firming up plans to move staff and operations.

"It's full speed ahead. We are in full motion with our contingency planning," said the head of investment banking at one global bank in London. "There's no waiting."
 
The 27 EU countries approved the mandate to negotiate the Brexit.

- The bill remains at +/- 60 billion euros.
- All negotiations related to future relations between EU and UK will not start until the settlement is agreed.
- Preserve the rights of EU citizens living in UK.
- Insure that Northern Ireland still has an open border, or at least insure that exchanges between Northern Ireland and Ireland are not threatened in any way.
- Should not agreement be reached, the negotiations can be extended for another 2 years (i.e. 2021).
 
The 27 EU countries approved the mandate to negotiate the Brexit.

- The bill remains at +/- 60 billion euros.
- All negotiations related to future relations between EU and UK will not start until the settlement is agreed.
- Preserve the rights of EU citizens living in UK.
- Insure that Northern Ireland still has an open border, or at least insure that exchanges between Northern Ireland and Ireland are not threatened in any way.
- Should not agreement be reached, the negotiations can be extended for another 2 years (i.e. 2021).

Shame still living in fantasy land. The EU going to miss the £12.9 billion sent every year!

Is the bill to support Juncker's well-known drinking problem?
 
Shame still living in fantasy land. The EU going to miss the £12.9 billion sent every year!

Is the bill to support Juncker's well-known drinking problem?

Maybe british policians should think before speaking...

If your smart government didn't commit to pay the bill for all commitments made to the EU, we probably wouldn't ask for it !
 
Reality Check: Will the UK pay a €60bn 'divorce bill'?

The claim: The UK's "divorce bill" from the European Union could be as high as €60bn (£52bn).

Reality Check verdict: Yes, it could. Is that likely to be the final figure? Almost certainly not. The battle over the money will begin with legal arguments but will end with hard-nosed politics.

To get to any potential figure you have to work out a value for all the EU's liabilities - the money it owes - at the point that the UK is likely to leave.

Then you subtract the value of the EU's assets, and decide what percentage of the balance is the responsibility of the UK.

One way of calculating this percentage is to use the UK's average share of EU budget contributions, which is roughly 12%.

Alternatively, the European Commission might argue that the UK's share should reflect the size of its economy, which gives a figure closer to 15%.

The commission's negotiating team has made no public comment on how it intends to calculate the cost of the divorce agreement, but there is certainly a way to get to a figure of €60bn.

Some officials have said this is likely to be the initial figure that the commission will put on the negotiating table.

If they do put forward that figure, the biggest part of the bill would be made up of the UK's share of what is known as the reste a liquider (RAL), which is, in effect, the EU's credit card bill.

This is money that has already been committed by the EU, for which the bills have not yet been paid.

By the end of 2018, it is estimated, the RAL will be more than €240bn, so the UK's share would be substantial.

Another large chunk of the potential bill is made up of money due to be spent over the next few years, much of it on big infrastructure projects in poorer EU countries.

In the commission's view, the UK has already made a legally binding promise to fund this investment, even if it happens after the UK has left.

The third big item on the agenda is the cost of pension benefits for EU officials.

The current total liability is €63.8bn, and the commission will expect the UK to pay its share.
Nice wine cellar

But if the UK has to take its share of liabilities, it is also entitled to a share of the EU's various assets, which were worth €153.7bn at the end of 2015.

Some of those could be used to offset the liabilities, including EU buildings, satellites, and even a rather nice wine cellar.

Some Brexit supporters, not in government, say that the UK should pay nothing, and they point to legal opinion that backs them up.

A House of Lords report concluded that Article 50 allowed the UK to leave the EU without being liable for outstanding financial obligations under the EU budget, in the event of no deal.

And the campaign group Lawyers for Britain argues that it is hard to see any credible basis upon which the UK would be obliged to make net payments towards EU pensions or ongoing budget programmes.


Instead, it says, the UK should seek the return of money it has paid to the European Investment Bank, which is worth €9bn.

All the figures in the divorce negotiations are likely to be contentious and contested.

Speaking on a special edition of BBC Question Time, Brexit secretary David Davis said he had seen no explanation for the €60bn figure.

He said the UK would "meet our international obligations, but we expect also our rights to be respected too".

"I don't think we're going to be seeing that sort of money change hands."

The figure of €60bn may be politically unrealistic, but the rest of the EU will not agree a deal under which the UK walks away without paying anything.
 
Global trade can’t replace the value of the EU Single Market for the UK

New trade deals for the UK will be an important part of the Brexit negotiations, not only with the EU but also with the rest of the world. But Steven Brakman, Harry Garretsen and Tristan Kohl argue that the UK has no trade-enhancing alternative to an agreement with the EU that essentially mimics its current situation as an EU member. A gravity model predicts that the negative impact of Brexit would be only marginally offset by a bilateral trade agreement with the US, and even in the case of trade agreements with all non-EU countries, the UK’s value-added exports would still fall by more than 6%.
 
Attack on kids at a concert is going to guarantee Britain making Brexit work. How daft can these Muslim terrorists be?

Come June elections, this is going to be a slaughter :D
 
Attack on kids at a concert is going to guarantee Britain making Brexit work. How daft can these Muslim terrorists be?

Come June elections, this is going to be a slaughter :D

It's exactly what they want though. The timing is not arbitrary
 
Attack on kids at a concert is going to guarantee Britain making Brexit work. How daft can these Muslim terrorists be?

Come June elections, this is going to be a slaughter :D
Problem is that these attacks have very little, if anything, to do with immigration and the EU. I'd say up to 100% of terror attacks on UK soil, Muslim or otherwise, have been carried out by home grown nutjobs. 3rd or 4th generation Pakistani, etc.

While there seems to be some sort of correlation between what Merkel's done by opening the doors and the increase in crimes in refugee-filled areas (Sweden the new rape capital, etc), the UK hasn't really been affected. I guess the natural moat has helped a bit. For now, anyway.
 
Problem is that these attacks have very little, if anything, to do with immigration and the EU. I'd say up to 100% of terror attacks on UK soil, Muslim or otherwise, have been carried out by home grown nutjobs. 3rd or 4th generation Pakistani, etc.

While there seems to be some sort of correlation between what Merkel's done by opening the doors and the increase in crimes in refugee-filled areas (Sweden the new rape capital, etc), the UK hasn't really been affected. I guess the natural moat has helped a bit. For now, anyway.

Indeed and i fail to see how Brexit will prevent events like this from happening again.
 
Problem is that these attacks have very little, if anything, to do with immigration and the EU. I'd say up to 100% of terror attacks on UK soil, Muslim or otherwise, have been carried out by home grown nutjobs. 3rd or 4th generation Pakistani, etc.

While there seems to be some sort of correlation between what Merkel's done by opening the doors and the increase in crimes in refugee-filled areas (Sweden the new rape capital, etc), the UK hasn't really been affected. I guess the natural moat has helped a bit. For now, anyway.

And I agree. Someone has said previously it's mainly second generation immigrants. Sorry I can't recall who I think it might have been Cray. But one needs to start somewhere. Would they have been second generation if their parents or their parents not allowed in?
 
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