So much for Brexit

[Borchester]

£32.8 over 45 years works out at about £800 millions a year which if one factors in inflation, will be worth sod all by 2064.



Say what you like, that Boris bloke is a canny haggler.

[Barry]

Does anyone know how we make our payments to the EU?

I worked for NatWest for 5 years and each bank around the world had "nostro" and "vostro" accounts, which are accounts held on behalf of the foreign bank. So when an International payment was made from a customer in the UK to say, USA, NatWest would debit their customer and credit the account held on behalf of First National Bank of America.

First National Bank of America would Debit the NatWest account held in America, and credit their customer.

How does that work sending to the EU? I asked someone in HM Treasury and they weren't sure.

[Thomas]

Thanks Thomas. Or perhaps I should say - no thanks'  

No worries toots , as i said , apart from the tory press office hyping up 31/1/2020 as some empty deliverance of a promise they have failed to keep for 4 years , as you can see nothing much is changing  for the rest of the year , its business as ususal.

[Thomas]

further ...

Legislating for the financial settlement



The EU (Withdrawal Agreement) Bill 2019-20 sets out how the Government expects to implement the financial settlement in the UK. The Bill authorises the Treasury to make payments directly out of the Government's current account (the Consolidated Fund) until 31 March 2021. From that point onwards, the Government will need to raise the money through annual votes in Parliament, just as it must for most departmental spending.  The Government hasn't explained why it wants to change the approach from March 2021.

[/b]



https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039">https://researchbriefings.parliament.uk ... y/CBP-8039">https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039

[T00ts]

here you go toots...









https://www.bbc.co.uk/news/uk-politics-50838994">https://www.bbc.co.uk/news/uk-politics-50838994





In this link it also tells you what the uk will be paying during the transition period and that it may keep contributing to certain eu programmes after the transition period has finished.



https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7886">https://researchbriefings.parliament.uk ... y/CBP-7886">https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7886  















.







and of course the much maligned exit bill , reputed to be around £33 to £ 39 billion from reports



https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039">https://researchbriefings.parliament.uk ... y/CBP-8039">https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039  



obr estimate of uk finanacial liabilities to the eu over the next twelve months



http://researchbriefings.files.parliament.uk/documents/CBP-8039/assets/2d7c1502-a58b-406b-936c-7a71b5476337.png">

Thanks Thomas. Or perhaps I should say - no thanks'  

[Thomas]

 Does anyone know?

here you go toots...

What is the transition period?

Assuming the European Parliament also gives the green light, the UK will formally leave the EU on 31 January with a withdrawal deal.



The UK will enter a period, known as the transition, until 31 December 2020. Mr Johnson has said this date will not be extended.



Although the UK will cease to be an EU member, the trading relationship will remain the same and it will continue to follow the EU's rules, such as accepting rulings from the European Court of Justice.



The transition also means the UK will continue to contribute to the EU's budget for the duration.

[/b]





https://www.bbc.co.uk/news/uk-politics-50838994">https://www.bbc.co.uk/news/uk-politics-50838994





In this link it also tells you what the uk will be paying during the transition period and that it may keep contributing to certain eu programmes after the transition period has finished.



https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7886">https://researchbriefings.parliament.uk ... y/CBP-7886">https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7886  

During the transition period, until 2020, the UK will pay into the EU budget almost as if it were a Member State. The UK will also receive funding from EU programmes– such as structural funding – as if it were a Member State.

[/b]

EU annual budgets commit to some future spending without making payments to recipients at the time. The commitments will become payments in the future. The UK will contribute towards the EU's outstanding commitmentsas at 31 December 2020. Recipients in the UK will also receive funding for outstanding commitments made to them.



The UK will share the financing of some EU liabilitiesas at the end of 2020, and any materialising contingent liabilities, and will receive back a share of some assets. The pensions of EU staff are likely to be the most significant liabilities for the UK, while the most significant item being returned to the UK is the capital it paid into the European Investment Bank (EIB).

[/b]

The UK received £4.3 billion of public sector receipts from the EU, so the UK's net public sector contribution to the EU was an estimated £8.9 billion

The UK will remain a member of the EU until its departure has been negotiated and will continue to contribute to the EU budget until it formally leaves.

[/b]

The UK Government says that it may pay to participate in some EU programmes after Brexit. For instance, the UK might contribute to remain in Horizon 2020, the EU's research and innovation programme. Exit negotiations will determine the extent of the UK's future participation in EU programmes and any cost

[/b].







and of course the much maligned exit bill , reputed to be around £33 to £ 39 billion from reports



https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039">https://researchbriefings.parliament.uk ... y/CBP-8039">https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039  



obr estimate of uk finanacial liabilities to the eu over the next twelve months



http://researchbriefings.files.parliament.uk/documents/CBP-8039/assets/2d7c1502-a58b-406b-936c-7a71b5476337.png">

[Thomas]

If BJ has any sense he'll stay on his hols til the last minute. He's got his work cut out as soon as he gets back. Doesn't Parliament sit next Monday? I don't suppose his flights will get delayed.



That imaginary line you refer to presumably also starts the payment of the 39 billion, although I have seen other figures bandied about, I haven't seen anything definite, but does it also mean that normal payment and receipts stop? Or is that just wishful thinking? Perhaps absolutely nothing really changes. Does anyone know?

The uk will contribute another (est)£ 8.9 billion to the eu during the transition period toots.



Not including anything they agree to pay in the exit bill at the end.(est £33 - £39 billion)

[Thomas]

God bless you Toots.



For a moment I thought that everything would quietly sort itself out, but now I know that the worse is yet to come and that there will be at least somethings of interest in the year(s) to come.

The tories seem to keep kicking that winning line you want to cross borkie down the road at every turn.



FFS december 2020 now before you stop taking rules and regs from the europeans , the albanians stop eating your swans , freedom of movement ends and the ecj stops interfering wae your laws. :brd:



Will that be another £9 billion paid into brussells coffers this year along with the £39 billion exit bill at the end of the year?



Talk about jam tomorrow ,that will be getting on for 4 half years before you actually leave if you ever do?

[T00ts]

I agree with most of that toots.



Business as normal for the rest of the year , still taking eu rules and regulations , still paying into their budget , still under ecj jurisdiction.



the 31st january seems to be an imaginary line in the sand tory head office is punting to fire up the troops like borkie into thinking the uk has actually left and everything is fine.



Nothin has happened yet.



Is boris even back from the caribbean  yet with his bit of stuff?

If BJ has any sense he'll stay on his hols til the last minute. He's got his work cut out as soon as he gets back. Doesn't Parliament sit next Monday? I don't suppose his flights will get delayed.



That imaginary line you refer to presumably also starts the payment of the 39 billion, although I have seen other figures bandied about, I haven't seen anything definite, but does it also mean that normal payment and receipts stop? Or is that just wishful thinking? Perhaps absolutely nothing really changes. Does anyone know?

[Borchester]

Borchester of course nothing has happened. Did you lose your wits in the whiskey bottle at New Year? We haven't left yet, too many are still on their hols both here and abroad, and after Jan 31st we will still be in a transition year. I can't see the EU allowing us to get away so easy. I reckon a no deal departure is on the cards at the end of 2020. Why else would BJ be putting a law stopping an extension? The prospect of Keir Starmer on the opposition side of the Dispatch Box is interesting. Momentum will be apoplectic.  I think we might be in for another interesting year, bearing in mind this will all be against a backdrop of Armageddon in Whitehall. Bring it on.

God bless you Toots.



For a moment I thought that everything would quietly sort itself out, but now I know that the worse is yet to come and that there will be at least somethings of interest in the year(s) to come.

[Thomas]

Borchester of course nothing has happened. Did you lose your wits in the whiskey bottle at New Year? We haven't left yet, too many are still on their hols both here and abroad, and after Jan 31st we will still be in a transition year. I can't see the EU allowing us to get away so easy. I reckon a no deal departure is on the cards at the end of 2020. Why else would BJ be putting a law stopping an extension? The prospect of Keir Starmer on the opposition side of the Dispatch Box is interesting. Momentum will be apoplectic.  I think we might be in for another interesting year, bearing in mind this will all be against a backdrop of Armageddon in Whitehall. Bring it on.

I agree with most of that toots.



Business as normal for the rest of the year , still taking eu rules and regulations , still paying into their budget , still under ecj jurisdiction.



the 31st january seems to be an imaginary line in the sand tory head office is punting to fire up the troops like borkie into thinking the uk has actually left and everything is fine.



Nothin has happened yet.



Is boris even back from the caribbean  yet with his bit of stuff?

[Sheepy]

I thought that we would be bombing Brussels by now or eating our young because of the EU blockade but so far absolutely sod all has happened.



Maybe there will be terrible ructions in the time to come, but I have a nasty feeling that both sides will settle down with a few crates of Jean Claude Juncker's breakfast cognac and agree that not very much will change and that the reason that there is a traffic jam at Dover with a 20 mile tail back is because their is always a  traffic jam at Dover with a 20 mile tail back.

I have been hearing the same stuff for all of my life,this will happen,that will happen,it will end in doom and disaster like that bloke with the sandwich board told us,these are politicians and civil servants we are talking about.They are doing what they do best,what is good for them and trying to make out it is the best for everybody.

[T00ts]

I thought that we would be bombing Brussels by now or eating our young because of the EU blockade but so far absolutely sod all has happened.



Maybe there will be terrible ructions in the time to come, but I have a nasty feeling that both sides will settle down with a few crates of Jean Claude Juncker's breakfast cognac and agree that not very much will change and that the reason that there is a traffic jam at Dover with a 20 mile tail back is because their is always a  traffic jam at Dover with a 20 mile tail back.

Borchester of course nothing has happened. Did you lose your wits in the whiskey bottle at New Year? We haven't left yet, too many are still on their hols both here and abroad, and after Jan 31st we will still be in a transition year. I can't see the EU allowing us to get away so easy. I reckon a no deal departure is on the cards at the end of 2020. Why else would BJ be putting a law stopping an extension? The prospect of Keir Starmer on the opposition side of the Dispatch Box is interesting. Momentum will be apoplectic.  I think we might be in for another interesting year, bearing in mind this will all be against a backdrop of Armageddon in Whitehall. Bring it on.

[Borchester]

I thought that we would be bombing Brussels by now or eating our young because of the EU blockade but so far absolutely sod all has happened.



Maybe there will be terrible ructions in the time to come, but I have a nasty feeling that both sides will settle down with a few crates of Jean Claude Juncker's breakfast cognac and agree that not very much will change and that the reason that there is a traffic jam at Dover with a 20 mile tail back is because their is always a  traffic jam at Dover with a 20 mile tail back.