Friday, 15 September 2017
Money to EU
Whilst we can apparently leave without paying any money there is a perhaps an argument to support that as we have agreed the EU Budget to 2020 then we should carry on with out 'net' obligations until the end of that budget period
After that we contribute and vice versa to the EU institutions we participate in
So that would be a net £8.5B for year 1 of the transition
But how long transition do we need? I suppose that depends on the deal but if we have zero tariffs and friction free customs then the arrangements for that are surely simple and the procedures only require minor changes
For example would any real changes be needed if the EHIC continues -no as it is set up and works [well for EU 27 as apparently we do not fully reclaim!]
After that there may be some projects on going which we have committed for and we should perhaps pay for them
Post 2020 there will be a new EU 27 budget and that will be none of our business and naturally we will have no input on its content
There will be the balancing of the assets shares which should be relatively easy to calculate
But I do not accept any argument that we should pay 'just for access to SM & CU'
The new trade deal will be equally beneficial to both EU 27 and us. Some say more important to EU 27
So paying hard earned British tax payers money to subsidise EU 27 budget after we leave seems to me would not be very popular even with former Remain voters
Once it is accepted that tariff free trade and friction free customs is equally beneficial to both sides why should we pay ' a fee' to trade with them even during a transition period?
The transitional period is beneficial to both sides as EU 27 business needs time to adjust as well as us-that is if any one does
When the men from Brussels shout about the money they want us to pay, I'm sure that the majority of the electorate think it is a 'Joke' and kit is the stupid Europeans getting their knickers in a twist after a taxpayer funded lunch!
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