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UK told to pay £1.7bn extra to European Union budget
BBC News ^ | October 24, 2014

Posted on 10/24/2014 4:09:49 AM PDT by Oldeconomybuyer

he UK has been told it must pay an extra £1.7bn (2.1bn euros) towards the European Union's budget because the economy has performed better than expected in recent years.

The payment follows new calculations by the EU that determine how much each member state should contribute.

It would add about a fifth to the UK's annual net contribution of £8.6bn.

A government source said the demand was "not acceptable" while one Tory MP said the UK should simply refuse to pay it.

UKIP leader Nigel Farage said the UK had been "hammered again" while Labour said it was imperative that the European Commission must reconsider the "backdated bill".

(Excerpt) Read more at bbc.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; United Kingdom
KEYWORDS: europe; redistribution; socialism

1 posted on 10/24/2014 4:09:49 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Britain? You’re better that EU....walk don’t run and protect your economy from the lazy POS nations (you know who you are Greece).


2 posted on 10/24/2014 4:15:23 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Oldeconomybuyer
The term Pound Sand comes to mind here.
3 posted on 10/24/2014 4:15:58 AM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: capydick

Right...Maggie was right all along.


4 posted on 10/24/2014 4:18:13 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: Oldeconomybuyer

EU to UK: You did well and will be punished for it.

EU to the rest of Europe: You did poorly and will be rewarded for it.

From each according to his abilities; to each according to his needs. I’m thinking I’ve heard of that concept somewhere before.


5 posted on 10/24/2014 4:36:49 AM PDT by Bob
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To: Oldeconomybuyer

Okay, so your sound running of your economy is being punished to support those member nations who are being wasteful and irresponsible. Yeah, that sound like a great partnership.


6 posted on 10/24/2014 4:37:41 AM PDT by fhayek
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To: Oldeconomybuyer

Mr. Straw meet Mr. Camel’s back.


7 posted on 10/24/2014 4:39:32 AM PDT by katana (Just my opinions)
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To: Oldeconomybuyer

Why any country would give up any of its sovereignty is beyond me. I can understand a basket case looking to hitch itself to harder working suckers. I guess they are all looking to mooch off of the others. Surprise. It can’t work.


8 posted on 10/24/2014 5:11:49 AM PDT by all the best
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To: capydick

I’m sure they’ll be “fast tracking” action on that request.


9 posted on 10/24/2014 5:22:55 AM PDT by Neidermeyer
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To: Oldeconomybuyer

If I was the UK, I would tell the EU to stick it.


10 posted on 10/24/2014 5:54:32 AM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: all the best
why any country would give up their sovereignty is beyond me

The citizens of the countries being impoverished by the EU scheme can't stop it. It's a bunch of bankers and elitists manipulating things for their personal gain. The chosen leaders won't allow people to vote themselves out.

Kind of like what's happened to states' rights in the US.

11 posted on 10/24/2014 5:58:58 AM PDT by grania
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To: Bob

And you wonder why polls show most Brits wanting to ditch the EU.


12 posted on 10/24/2014 6:06:02 AM PDT by Buckeye McFrog
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To: Vaquero

Actually Greece is one of the countries also being dunned for an extra payment, while France and Germany are receiving large reductions.


13 posted on 10/24/2014 6:17:51 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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To: Oldeconomybuyer

This is a stealthy and unstated punishment due to much of Britain’s currently good economic situation is due to paper shuffling activity in “The City” and a huge influx of wealthy foreigners and their money being placed in British banks. Am talking rich Russians and Arabs and Chinese


14 posted on 10/24/2014 6:22:22 AM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

I think this is EU playing ball with Cameron. He will reject the demand (which was silly in the first place), then come off as strong. UKIP has EU panicking.


15 posted on 10/24/2014 7:09:29 AM PDT by Eurotwit
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To: Eurotwit

Good theory!


16 posted on 10/24/2014 8:04:33 AM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Oldeconomybuyer
The UK has been told it must pay an extra £1.7bn (2.1bn euros) towards the European Union's budget because the economy has performed better than expected in recent years

From each according to their ability...

17 posted on 10/24/2014 9:56:51 AM PDT by Mike Darancette (AGW-e is the climate "Domino Theory")
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To: Oldeconomybuyer

Punished for success. The EU budget is not a budget if it is scaled this way.


18 posted on 10/24/2014 11:26:55 AM PDT by minnesota_bound
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To: Buckeye McFrog
And you wonder why polls show most Brits wanting to ditch the EU.

Actually, I don't wonder at all. I'm hard pressed to see any advantages of their being part of the EU in the first place.

19 posted on 10/25/2014 12:52:22 PM PDT by Bob
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