UK Taxpayers: If £40 Billion Isn’t Enough, Then It’s a WTO Brexit, Prime Minister
“It’s starting to get a little rich.” That seems to be the general opinion of UK taxpayers judging by the thousands of terse comments posted in the comments section of UK newspapers, on UK talk shows, and in places like YouTube where hundreds of Brexit videos (both pro and con) await your viewing pleasure.
But the general consensus seems to be that these extremely large numbers will require huge tax increases and may reflect badly on the Conservative Party’s chances in the next election.
It’s Fun, Fun, Fun, ’till Daddy takes the T-Bird away as the Beach Boys tune goes.
It’s great to make nice with the EU people and pay them billions in exit fees, but after a certain large number is reached taxpayers are likely to revolt, signalling the end of the Conservative reign for the foreseeable future.
Why Should There be a Divorce Bill at All?
This still, even at this late date, hasn’t been explained. AT ALL.
Not even Theresa May’s government seems to have received guidance from the EU Parliament or their negotiators as to why the UK should pay the outrageous sums demanded by the EU.
What’s it for? Everyone wants to know. The silence on this is deafening.
Both sets of numbers, whether proposed by the EU or the UK seem completely arbitrary to put it mildly.
Let’s Leave on Good Terms
Having said that, when you exit a marriage or a long-term business agreement it’s expected you don’t leave the other party in the lurch. Of course some kind of payment for loss of opportunity by the jilted party is de rigueur if you want warm trade relations to continue.
It’s also good business to NOT ask for wholly outrageous amounts of money (too late for that, I guess) otherwise, they risk ‘poisoning the well’ and even if trade continues, over time evermore billions of UK trade will be done with the U.S. and billions less with the EU.
What is Fair?
No change in money flowing across the English Channel for four more years (but no lump sum payment to the EU either) and Brexit can occur as scheduled on March 29, 2019 — but until then, the UK should continue to receive the exact same benefits from the EU as it will remain a paid-up member until that date. (Hey, no shorting us!)
After that date, the UK can continue to pay the EU the same £8 billion (net) for three more years — a full three years beyond Brexit day.
- Article 50 triggered March 29, 2017, therefore,
- March 29, 2017 to March 29, 2018 (£8 billion net)
- March 29, 2018 to March 29, 2019 (£8 billion net)
- Also, March 29th 2019 will be Brexit day, and after that date the UK will no longer be an EU member
- March 29, 2019 to March 29, 2020 (£8 billion net)
- March 29, 2020 to March 29, 2021 (£8 billion net)
- March 29, 2021 to March 29, 2022 (£8 billion net) and the final payment to the EU
Take it or leave it Mr. Barnier, or the EU won’t get to sell their goods to the UK after March 29, 2019 except under WTO rules.
Many UK citizens will miss buying BMW’s, Mercedes Benz, Volkswagens, etc. for a couple of weeks (hehehe) until the EU would come to its senses. I bet EU heads would roll if it ever came to that.
OK, Seems Reasonable Enough. But What Will the UK Get in Return?
Nobody seems to know…