• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Reply to: Kerching!

Collapse

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Kerching!"

Collapse

  • meridian
    replied
    Originally posted by stonehenge View Post
    If A50 is extended, then presumably we remain an EU member for the duration of that extension and would have to keep paying in as normal. Our net contribution is £9bn/year, so pro-rata £750m/month.
    And I thought my maths was bad!

    Regardless of the figure, whether A50 is extended or whether the WA is approved by Parliament, financially we will be treated as an EU member and will contribute as per the agreements.

    The difference between the two is that an A50 extension means that we remain a member of the EU and so will still have MEPs, etc.

    Leave a comment:


  • stonehenge
    replied
    If A50 is extended, then presumably we remain an EU member for the duration of that extension and would have to keep paying in as normal. Our net contribution is £9bn/year, so pro-rata £750m/month.

    Leave a comment:


  • meridian
    replied
    Originally posted by Yorkie62 View Post
    Can't find original source I saw over the weekend, but Guardian reporting cost to be 10b for a 1 year delay, other papers quoting much larger figures and the loss of Gibraltar

    Brussels tells Theresa May - delaying Brexit will cost UK GBP10bn | Politics | The Guardian
    The headline (and your understanding of it) is conflating two separate things. The text of the article says

    But on Saturday night Brussels was making clear that if the UK wants an extension of the transition – during which it is tied to the EU economic system but with no say over its rules – it must last at least a further year.

    A year-long extension would cost about £10bn on top of the £39bn divorce bill already agreed. Such a prospect will appal hardline Brexiters who already complain that the UK will have to spend almost two more years tied to the EU after Brexit on 29 March next year.
    The amount quoted is for an extension of the transition, not an extension to A50. Which is roughly about right, given the expected financial commitments.

    I expect that “loss of Gibraltar” might be coming from the Express...

    Leave a comment:


  • Yorkie62
    replied
    Originally posted by meridian View Post
    Provide the cite for that claim?
    Can't find original source I saw over the weekend, but Guardian reporting cost to be 10b for a 1 year delay, other papers quoting much larger figures and the loss of Gibraltar

    Brussels tells Theresa May - delaying Brexit will cost UK GBP10bn | Politics | The Guardian

    Leave a comment:


  • meridian
    replied
    Originally posted by Yorkie62 View Post
    The EU have already stated that they want EUR1b per month for extending A50.
    Provide the cite for that claim?

    Leave a comment:


  • BlasterBates
    replied
    The UK holds all the cards.

    Leave a comment:


  • original PM
    replied
    I think the EU will find they can feck off.

    Leave a comment:


  • Yorkie62
    replied
    The EU have already stated that they want EUR1b per month for extending A50.

    Leave a comment:


  • meridian
    replied
    Kerching!

    Don’t believe everything you read in the Telegraph.

    The basis for the “divorce settlement” is laid out carefully in the Withdrawal Agreement, which is not going to be reopened.

    It makes for nice scary headlines to convince Tory readers to go for No Deal though....

    Leave a comment:


  • Mordac
    replied
    Originally posted by AtW View Post
    The EU is preparing to impose punitive conditions on Britain as its price for agreeing a Brexit delay if Theresa May is forced to ask for an extension this week.

    Member states are “hardening” their attitudes towards a delay and will demand “legal and financial conditions” including a multi-billion pound increase to the £39bn divorce payment.

    With no signs of a breakthrough in the Brexit negotiations to change the existing exit deal, Parliament is expected to reject the deal for a second time on Tuesday, before voting later in the week to extend Article 50.

    EU sources suggested that the only way for Mrs May to win the vote is if she finds her “inner Churchill” and reaches out across the political...

    EU prepares to demand multi-billion pound increase on divorce payment from Britain in return for Brexit delay

    So looks like trying to Brexit will be costing more per week than by just staying
    No deal looks better value by the day.

    Leave a comment:


  • AtW
    started a topic Kerching!

    Kerching!

    The EU is preparing to impose punitive conditions on Britain as its price for agreeing a Brexit delay if Theresa May is forced to ask for an extension this week.

    Member states are “hardening” their attitudes towards a delay and will demand “legal and financial conditions” including a multi-billion pound increase to the £39bn divorce payment.

    With no signs of a breakthrough in the Brexit negotiations to change the existing exit deal, Parliament is expected to reject the deal for a second time on Tuesday, before voting later in the week to extend Article 50.

    EU sources suggested that the only way for Mrs May to win the vote is if she finds her “inner Churchill” and reaches out across the political...

    EU prepares to demand multi-billion pound increase on divorce payment from Britain in return for Brexit delay

    So looks like trying to Brexit will be costing more per week than by just staying

Working...
X