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[HomerSimpson-Man]

Man, that seems kind of a huge detail missed by them Brexit politicians, yikes!

 

[Alx]

Certainly doesn't help that one of the major Brexit guys went to the EU and basically insulted all of them.
So yeah, they also lost a lot of good faith.

Well as far as I know Farage has been insulting the whole parliament for years, so it's not like that specific occasion after the referendum would have changed the general perception, which was bad already. (you could clearly see that Juncker hates his guts before he even started speaking).

 

[nickcv]

This old news I think. I assume we have been paying it off if it is down to 25 billion Euros from £34 billion?

http://www.telegraph.co.uk/news/wor...ces-34bn-bill-for-blackhole-in-EU-budget.html

So they paid 9 billions since November 2014 to go down from 34 to 25.

 

[Caayn]

https://www.youtube.com/watch?v=MlN9o3g-yuA

The GIF is from ~ 5:45.

Thank you. After watching that the one thing I wonder: How can someone so short-sighted work at that level of politics.

 

[Frodo]

Brexit gets better by the day! 😂😂😂😂

What a mess... What a mess...

 

[NoLootBoxDev]

Yes it was sarcasm.

 

[Auctopus]

This Brexit shit is going to cost a fortune and we will probably need 10 years of austerity to pay off the bill.

It would take several decades to pay off a bill like that, it's gargantuan and we're teetering on a recession where our core public services are facing the chop. Paying back that amount of money to the EU is completely impossible right now.

 

[| Praxis |]

It's fine, just take it out of public spending for Cornwall and Wales.

I mean sure, rich cunts only come down here in the summer to stay in their otherwise empty second homes.

 

[norinrad]

So they paid 9 billions since November 2014 to go down from 34 to 25.

The government should take it out of the pension of everyone above 50. Could easily be paid. The slogan should be you got your country back, now pay to keep it.

 

[Tyaren]

You know, since they are a country and such, they can print 25 billion pounds. That way they can pay all debt. Hell they can print 200 Billions and pay all of it. Since they can print money, why don't do it?

 

[Royal_Phalanx]

The government should demand that every Leave voter should make a contribution towards this final payment, or there will be no Brexit, because you asked for it, you pay for it.

 

[norinrad]

The government should demand that every Leave voter should make a contribution towards this final payment, or there will be no Brexit, because you asked for it, you pay for it.

Haha I think May and everyone around her will be beheaded if they suggest that.

 

[eot]

The "funny" bit is that it hasn't even started yet. Once Article 50 is declared you're going to see unimaginable new tiers of fuckery unfold.

Any level of "fuckery" only vindicates their decision to leave. Other union members should not stay in the union under threat of retaliation. What the fuck kind of democratic cooperation is that?

 

[nubbe]

You know, since they are a country and such, they can print 25 billion pounds. That way they can pay all debt. Hell they can print 200 Billions and pay all of it. Since they can print money, why don't do it?

Can't wait for the UK's next big export success
Pound toilet paper

 

[ebullientprism]

You know, since they are a country and such, they can print 25 billion pounds. That way they can pay all debt. Hell they can print 200 Billions and pay all of it. Since they can print money, why don't do it?

You could sell this to the Leave voters. Legit.

 

[Breakage]

Lol, damn

 

[THE:MILKMAN]

So they paid 9 billions since November 2014 to go down from 34 to 25.

Well the figures are Euros and Pounds, but yes if the article is true. The UK tax payer has been paying this anyway. Not sure what the story is here unless the EU want us to pay the outstanding amount in a lump sum?

 

[SMG]

lol so instead of saving an imaginary 350 million a week, where having to pay back 25 billion.

The public are the ones that going to suffer to pay back for it, not the politicians.

The public were the fuckwits that voted for it.

 

[tuxfool]

Well the figures are Euros and Pounds, but yes if the article is true. The UK tax payer has been paying this anyway. Not sure what the story is here unless the EU want us to pay the outstanding amount in a lump sum?

It is an interesting thing to note. People just didn't think of these things, they had no idea this stuff existed. I doubt anybody could pay that in a lump sum.

 

[nickcv]

Well the figures are Euros and Pounds, but yes if the article is true. The UK tax payer has been paying this anyway. Not sure what the story is here unless the EU want us to pay the outstanding amount in a lump sum?

Well doing some math you would have to pay at twice the rate to cancel the debt before you leave. Funnelling twice the money outside of the country seems like a very bad idea in the current state of economic uncertainty

 

[FStop7]

Any level of "fuckery" only vindicates their decision to leave. Other union members should not stay in the union under threat of retaliation. What the fuck kind of democratic cooperation is that?

It's not "retaliation", it's paying your debts.

 

[jelly]

Wouldn't it cost more to pay back now because the pound is so weak.

 

[nickcv]

Wouldn't it cost more to pay back now because the pound is so weak.

Ding ding ding!

 

[Ucchedavāda]

Any level of "fuckery" only vindicates their decision to leave. Other union members should not stay in the union under threat of retaliation. What the fuck kind of democratic cooperation is that?

Losing your privileges as a member of an organization is a natural consequence of leaving said organization, as is having to pay any outstanding debt. If you wish to retain any of those privileges, or if you wish to postpone paying off your debt, then you need to negotiate a deal with the remaining members of the organization.

The UK does not simply get to run from its obligations, while keeping all its past privileges, when it leaves the EU.

 

[Funky Papa]

Well the figures are Euros and Pounds, but yes if the article is true. The UK tax payer has been paying this anyway. Not sure what the story is here unless the EU want us to pay the outstanding amount in a lump sum?

The EU demands it to be paid before leaving the EU, which means larger payments over a shorter amount of time.

Edit: then there's also the devalued pound.
Edit: or not, given the latest figures. Either way, the pound is going to increase the payments.

 

[Jay Sosa]

Man, the EU really is going to take the UK for all its worth.

No they won't. I doubt the UK will have to pay even 10% of that.

 

[tuxfool]

No they won't. I doubt the UK will have to pay even 10% of that.

They're not going to ignore it unless the UK gives them something else.

 

[Nevasleep]

I thought we save £300 billion a minute by not being in the EU...

 

[Peter Ian Staker]

It's not "retaliation", it's paying your debts.

Tell that to the British public. I am sure all of them will see it that way.

 

[Dabanton]

Thank you. After watching that the one thing I wonder: How can someone so short-sighted work at that level of politics.

Farage's intense hatred of Europe would be funny if it wasn't so pathetic. The sickening thing is he and the UK political,media and business 'elite' will be fine in the event of the country going into recession or 'austerity' continuing for god knows how many years.I would imagine many of his supporters won't be so lucky.

 

[Wiseblade]

It's stuff like this that make me look at the inevitable civil unrest and riots that would occur if we don't leave as a price I'm totally willing to pay.

 

[nickcv]

No they won't. I doubt the UK will have to pay even 10% of that.

Now I'm curious: what makes you say that?

 

[CrayToes]

You know the worst part about this? It's the fact that the vast majority of leave voters still don't give a shit. These stories will just be met with "stop being such a drama queen, we'll be fine".

 

[figadapaura]

This is just hilarious now. The UK ain't leaving.

 

[giant_frying_pan]

Taking back control, awwwwww yeahhhhhh!!!!!!!!!!!

:| :| :|

 

[THE:MILKMAN]

The EU demands it to be paid before leaving the EU, which means much larger payments over a shorter amount of time.

Edit: then there's also the devalued pound.

Well I'm sure a heavy discount can be negotiated! These politicians love to do deals.

Have to say the whole Brexit thing is wearing thin for me. My boss put it best which can be summed up thus: The decision has been made. Let's make it work.

 

[Azih]

I think most probably the UK will continue making payments at the current rate. That has to be negotiated though. It's just another card stacked against the UK in negotiations.

Edit: The decision hasn't been made until parliament votes on it.

 

[Zemm]

Force each leave voter to contribute towards it, only fair. Raise their tax, lower their benefits until they've each paid the £2000~

 

[FStop7]

Tell that to the British public. I am sure all of the will see it that way.

The British public had no problem telling Greece the same.

 

[Jay Sosa]

Now I'm curious: what makes you say that?

The UK simply isn't able to pay 25 billion now, and never will be. So they'll take whatever they can get.

You'll see.

Maybe 10% is a bit low but they certainly will never ever get 25 billion. Ever.

They're not going to ignore it unless the UK gives them something else.

They will try to broker some kind of favorable deal, no doubt. But what can they really do if 'the UK' simply says "sorry we don't have that kind of money".

 

[Azih]

They will try to broker some kind if favorable deal no doubt but what can they really do if 'the UK' simply says "sorry we don't have that kind of money"

Sue under WTO provisions?

 

[TheLaughingStock]

Not really the same situation, also because the UK is putting themselves in the position to need all those deals quickly.

Sure, the UK is not a serial defaulter like other EU members and there's no reason to default over an amount like 25 billion €. Some EU folks may get silly over 25 billion € if the UK did do such an absurd thing and be vengeful. However, they'd make deals years down the line to their benefit.

 

[KingSnake]

But what can they really do if 'the UK' simply says "sorry we don't have that kind of money".

UK defaulting on its debt. Before Greece.

 

[Kill Your Masters]

The UK simply isn't able to pay 25 billion now, and never will be. So they'll take whatever they can get.

You'll see.

Maybe 10% is a bit low but they certainly will never ever get 25 billion. Ever.



They will try to broker some kind of favorable deal, no doubt. But what can they really do if 'the UK' simply says "sorry we don't have that kind of money".

So on top of asking for a great deal on trade, but without free movement, they want to cut their debt to 10%. I seriously doubt the EU will bend that far to get fucked in the ass.

 

[FStop7]

So on top of asking for a great deal on trade, but without free movement, they want to cut their debt to 10%. I seriously doubt the EU will bend that far to get fucked in the ass.

The debt will end up being forgiven as a way for UK politicians to save a little bit of face after they accept a worse trade deal and complete freedom of movement.

 

[Acorn]

Hmm

 

[Iceman]

Wait, so UK's net payments to the EU, annually, based on 2015, are 12.6% of the total 145 billion annual budget (in euros), amounting to 18 billion per year. So this debt is equivalent to 1.4 years of payments.

In comparison, if the UK stays for the next 10 years, then their net contribution to the EU would be 180 billion+ euros. Of course this doesn't account for whatever net benefit come to the UK indirectly by being part of the free trade/transit organization. However...

what I'm seeing is that 25bn doesn't actually seem like a big deal, in the grander scheme.

/outsider, don't have all the info.

 

[nickcv]

Wait, so UK's net payments to the EU, annually, based on 2015, are 12.6% of the total 145 billion annual budget (in euros), amounting to 18 billion per year. So this debt is equivalent to 1.4 years of payments.

In comparison, if the UK stays for the next 10 years, then their net contribution to the EU would be 180 billion+ euros. Of course this doesn't account for whatever net benefit come to the UK indirectly by being part of the free trade/transit organization. However...

what I'm seeing is that 25bn doesn't actually seem like a big deal, in the grander scheme.

/outsider, don't have all the info.

The issue is that if they really have to pay before they leave the two payments would overlap. Basically they would have to pay 61 billions in two years instead of 36.

The debt will end up being forgiven as a way for UK politicians to save a little bit of face after they accept a worse trade deal and complete freedom of movement.

I could see the EU accepting that but the backlash would be insane

 

[nickcv]

Sorry double post

 

[Mr-Joker]

Well that sorted then, the UK has to stay in the EU now.