Posted on 12/17/2019 8:57:01 PM PST by Cronos
On January 31, 2020, the UK leaves membership of the EU.
As of 1st February 2020 it will no longer be a member of the EU.
THAT is Brexit.
Right now, until January 31, the UK is a member with all rights and obligations.
From 1 February it is OUT of the eu and it still retains trading rights etc. until Dec 31, 2020 or earlier if a trade deal is met. The UK will also conduct formal trade talks with the US, etc.
but it goes back to what you, PGR88, define as “reasonable Brexit”. So I ask you once more (4th time) what is YOUR definition of “reasonable Brexit”
They aren’t paying money to leave the EU.
the money to be paid is for
1. the projects as per the 7 year budget that the uk agreed to in 2013. These end at the end of 2020. Many of these projects are in the UK itself, helping the UK
2. retirement funds for folks like Nigel Farage etc. - namely all British citizens who worked for EU institutes.
This deal is the withdrawal agreement, namely the terms under which the UK withdraws from membership.
It consists of an agreed transition period that helps the UK ease out; plus an arrangement on how to merge the Good Friday agreement with Brexit; plus closing of accounts (as in the post above).
it is not about handing over money or rights
it’s actually more nuanced - the UK pays into a membership fund and a large chunk of that is used in initiatives or projects within the UK.
In addition membership grants it the right to freely transact with markets across the the eu, so it gets a lot out of the membership — and so do the other members.
In 2018 the UK government paid £13 billion to the EU budget, and EU spending on the UK was forecast to be £4 billion. So the UK’s ‘net contribution’ was estimated at nearly £9 billion.
A membership fee isn’t the same as the total economic cost or benefit of EU membership.
Being in the EU costs money but does it also create trade, jobs and investment that are worth more?
The government then gets some of that money back, mainly through payments to farmers and for poorer areas of the country such as Wales and Cornwall.
In 2017, the UK’s ‘public sector receipts’ are estimated to be £4.3 billion.
The article I referred to does go into that. I didn’t paste the whole thing. Still, the U.K. pays Brussels, it the other way around.
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