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"max fac" to cost 20 billion
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"According to UK revenue max fac customs will cost business 20 billion pounds per year ,
This news will be good for business , "
Ahh no not entirely true 
So apparently the UK will save 350 million a week times 52 is 18 billion ish
Thus the UK government will me course reduce the business taxes by 18 billion to balance this , aherm
Thus they will only have to find an extra , extra 2 billion granted that will be on top of tariffs and the extra money the fsa will be charging business but then the fsa has only spent 150 million so far prepping for brexit and of course no other government departments have increased costs trying to fathom a way out of the mess ?
The nhs certainly will get the non existent 350 mainly from the reducing financial services tax receipts
The costs are escalating and I can only see them spiralling as change as radical and ad hoc as this only ever results in disproportionate spending
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By *LCCCouple
over a year ago
Cambridge |
Except the actual cost is more like £6.5bn a year, rather than £18bn.
Plus last week the PM agreed to pay into a certain part of the EU budget indefinitely.
Plus the treasury have said that the £40bn exit fee previously mentioned was an under estimate, and that we will be paying into another part of the EU budget until the 2060s! |
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By (user no longer on site) OP
over a year ago
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The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
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By *oo hotCouple
over a year ago
North West |
Imagine being a Brexiter and finding all of this news just so inconvenient and so difficult to understand. Perhaps they could just invent some slogans...
Just Leave
No deal is better than a bad deal
Walk away
They need us more then we need them (sic)
It’s (The EU) failing anyway, best just leave now
Oh... Wait a minute - we already had these. |
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"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
"
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. |
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By (user no longer on site)
over a year ago
|
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again."
A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects . |
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By *LCCCouple
over a year ago
Cambridge |
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects . "
You don't think an extra £20bn of expenditure is going to damage the economy? |
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"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy? "
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion. |
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By *LCCCouple
over a year ago
Cambridge |
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion. "
Who came up with the estimate? Do you even know? |
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"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion. "
Is that like when Boris Johnson said the divorce bill would be not 1 penny more than was already paid and the EU could go whistle if they wanted more? The divorce bill that I said had extremely dodgy workings which the Tories are now starting to admit to by saying this week that actually their estimate was wrong and its going to be even higher. And they still havent copped to the 11 billion they left off altogether from the estimate and yet their own published account says is included in the settlement. |
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By (user no longer on site)
over a year ago
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But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did! |
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By (user no longer on site)
over a year ago
|
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion. "
You’re right ... how often has a government project come in under budget? I wouldn’t believe 20 billion either ... |
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By *oo hotCouple
over a year ago
North West |
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion. "
HMRC have employed 1000 new members of staff to prepare for Brexit related tax opportunities as well as risks.
This estimate is very much an underestimation that is based purely on the number of vehicular landings in the U.K. (lorry, van, aircraft) and a low ball estimation of the cost of what is currently £80 being reduced to around £30 based on volume for customs load forms and also origination certification forms which have also been low ball estimated at around £20 per sheet. On top of this and which has not been accounted for is the time delay in having both forms issued, signed and executed at the mandatory border crossing points as required by WTO rules. It is reasonable to assess these costs because this paperwork already exists for third countries that are now outside the EU and the current cost is £80 for a customs load form and £45 for a certificate of origination. |
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"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion.
You’re right ... how often has a government project come in under budget? I wouldn’t believe 20 billion either ..."
The Treasury forecast an immediate and deep recession in the event of a leave vote. Did It happen? Nope. Every quarter since the vote to leave has been in positive growth numbers.
The Treasury forecast upto 500,000 jobs being lost in the event of a leave vote. Did it happen? Nope. Overall jobs figures show an additional 250,000 new jobs added since the vote to leave and unemployment at historic lows.
These types of fantasy forecasts have put huge doubt over any new official forecasts relating to Brexit. |
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By (user no longer on site)
over a year ago
|
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion.
You’re right ... how often has a government project come in under budget? I wouldn’t believe 20 billion either ...
The Treasury forecast an immediate and deep recession in the event of a leave vote. Did It happen? Nope. Every quarter since the vote to leave has been in positive growth numbers.
The Treasury forecast upto 500,000 jobs being lost in the event of a leave vote. Did it happen? Nope. Overall jobs figures show an additional 250,000 new jobs added since the vote to leave and unemployment at historic lows.
These types of fantasy forecasts have put huge doubt over any new official forecasts relating to Brexit. "
There’s a difference between an economic prediction of a rare event and a capital project.
(Not that I’m defending their brexit forecasts. It required detail (eg showing the base predictions not just the difference between base and brexit) and less sensationalist headlines.) |
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"According to UK revenue max fac customs will cost business 20 billion pounds per year ,
This news will be good for business , "
Andrew Neil talking just now on the BBC This Week programme called the £20 billion figure a "calculation that appears to have been made on the back of a postcard".  |
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By *oo hotCouple
over a year ago
North West |
"According to UK revenue max fac customs will cost business 20 billion pounds per year ,
This news will be good for business ,
Andrew Neil talking just now on the BBC This Week programme called the £20 billion figure a "calculation that appears to have been made on the back of a postcard". "
Well you should know the max fac concept as a believer so a little bit of google research should give you EU landings as a multiplier of customs landing forms and origination forms both of which currently cost circa £80 and £50 but HMRC assessed bulk pricing at £32 and £20 respectively - plus unfactored time costs.
Work it out £20 billion seems a tad on the low side to me. Then again the ZuK could go Customs Partnership and give most UK Companies a Heart Attack collecting both UK and EU Customs duties and acting as a freepay Customs distributor. |
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By *LCCCouple
over a year ago
Cambridge |
"The whole brexit thing is such a laugh .
I would actually think it would be a good thing if the talks collapsed and UK was leaving with no deal in March ,
Give Johnson and co what they want,
I'm getting fed up looking at them blundering around aimlessly , I can only imagine what eu negotiators must be thinking ,
If it wasnt for the fact it would screw over so many people so badly Id love to see the Brextremists get the no deal theyre salivating for. But the British people, even the deludedly misinformed, dont deserve that. We've already had to go through one major recession we dont want to see our neighbours struggling again. A few changes to import and export duties is hardly going to damage the economy . Low unemployment and the stock market at an all time high are hardly signs that people are concerned about Brexit. It is difficult to see why they would be.
If people were concerned about Brexit share prices would have fallen substantially. These are live real time indicators of Financial performance and peoples views of future prospects .
You don't think an extra £20bn of expenditure is going to damage the economy?
You say £20 billion as if it's a fact. It's not a fact it's yet another 'forecast' from the remain leaning establishment and we all know how wildly off the mark these types of people have been with their forecasts in recent years. Conservative MP David Gauke said today in an interview the forecast appears to be over the top and he suspects the real figure would be no where near £20 billion.
You’re right ... how often has a government project come in under budget? I wouldn’t believe 20 billion either ...
The Treasury forecast an immediate and deep recession in the event of a leave vote. Did It happen? Nope. Every quarter since the vote to leave has been in positive growth numbers.
The Treasury forecast upto 500,000 jobs being lost in the event of a leave vote. Did it happen? Nope. Overall jobs figures show an additional 250,000 new jobs added since the vote to leave and unemployment at historic lows.
These types of fantasy forecasts have put huge doubt over any new official forecasts relating to Brexit. "
The treasury didn't do this research? Do you know who did? |
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By *oo hotCouple
over a year ago
North West |
"It looks like the cost is more likely to be 2 billion . Total exaggeration by HMRC. "
Hilarious. Ladies & Gentleman... We have someone who believes what is written in the Daily Express.... 
He cites statements made by the legendary economist Dr Graham Gudgin and reported in the Express. This is an economist who disputes the unassailable fact that geographic proximity is important to trade. Yes folks, this guy thinks that the reason we do five times as much trade with Ireland as we do with India has got nothing whatsoever to do with geographic proximity.
I suppose it is pretty much par for the course for anything remotely positive about Brexit to be championed, but it would help if the messenger was reliable. |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did! "
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget. |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget."
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly. |
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By *LCCCouple
over a year ago
Cambridge |
"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly. "
Why is it you are happy to chat about the EU budget and which countries will pay what, but refused to answer the question about how many of the "migrants" from Italy the other countries should take? |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly. "
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget. |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget."
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy. |
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By *LCCCouple
over a year ago
Cambridge |
"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy. "
The divorce bill? That is £45bn one off, plus we will be paying into the EU budget at least some amount until 2060+, so let's call that another £10bn, plus May wants to keep paying into the science budget, let's call that £2bn a year, plus max fac will cost us £20bn a year, and let's throw in the £92bn of combined fiscal and monetary measures we have already spent. How much does that add up to? |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy. "
How long has it taken for you to realise that the UKs net contribution to the EU isnt very much?
I and others have said repeatedly that the EU costs very little. |
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By (user no longer on site)
over a year ago
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly. "
Well said..The burden will fall on a few large members and they are already.concerned about how the shortfall will be made up..
No organisation can afford to lose the revenue from their second or third biggest customer. |
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By (user no longer on site)
over a year ago
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy.
How long has it taken for you to realise that the UKs net contribution to the EU isnt very much?
I and others have said repeatedly that the EU costs very little. "
. It may seem to cost very little to those who are resident in countries who are net beneficiaries. Any county that is a net beneficiary is not going to be too concerned about taking responsibility for the costs incurred ..
This leaves a few countries to beat the burden .
Despite having had forty years to convince the UK that the EU was to the benefit of its residents the EU was unable to do so. |
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By (user no longer on site)
over a year ago
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy.
The divorce bill? That is £45bn one off, plus we will be paying into the EU budget at least some amount until 2060+, so let's call that another £10bn, plus May wants to keep paying into the science budget, let's call that £2bn a year, plus max fac will cost us £20bn a year, and let's throw in the £92bn of combined fiscal and monetary measures we have already spent. How much does that add up to? "
However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted |
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"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy.
The divorce bill? That is £45bn one off, plus we will be paying into the EU budget at least some amount until 2060+, so let's call that another £10bn, plus May wants to keep paying into the science budget, let's call that £2bn a year, plus max fac will cost us £20bn a year, and let's throw in the £92bn of combined fiscal and monetary measures we have already spent. How much does that add up to? However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted "
Said it before earlier on the thread, that Andrew Neil commenting on the BBC This Week programme called the £20 billion Max Fac figure a calculation that appears to have been made on the back of a postcard. It's laughable that CLCC is trying to pass a forecast or a guess off as hard fact. |
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By *oo hotCouple
over a year ago
North West |
" However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted "
Still perpetuating Daily Express lies?
The largest export market that the UK has is the EU. The market is valued at £240 billion per per year made on 200 million transactions. We also import a fairly similar amount by a similar number of transactions - so 400 million movements per year.
Using Switzerland as an example, each transaction would need a customs declaration and a certificate of origination if the U.K. is outside the CU and EU.
It only requires an added £50 on each transaction in combined customs declarations and origination costs to add £20 billion to the costs of importing and exporting to the EU. A certificate of origination alone can currently cost £55 on its own so £50 as an assessed future cost for both forms is a fairly reasonable assessment.
These costs are borne by the importer/exporter and not the Govt and do not include time delays and do not include any supplementary documentation that may be needed in the future should VAT divergence occur.
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By (user no longer on site)
over a year ago
|
" However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted
Still perpetuating Daily Express lies?
The largest export market that the UK has is the EU. The market is valued at £240 billion per per year made on 200 million transactions. We also import a fairly similar amount by a similar number of transactions - so 400 million movements per year.
Using Switzerland as an example, each transaction would need a customs declaration and a certificate of origination if the U.K. is outside the CU and EU.
It only requires an added £50 on each transaction in combined customs declarations and origination costs to add £20 billion to the costs of importing and exporting to the EU. A certificate of origination alone can currently cost £55 on its own so £50 as an assessed future cost for both forms is a fairly reasonable assessment.
These costs are borne by the importer/exporter and not the Govt and do not include time delays and do not include any supplementary documentation that may be needed in the future should VAT divergence occur.
"
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens . |
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By *oo hotCouple
over a year ago
North West |
" However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted
Still perpetuating Daily Express lies?
The largest export market that the UK has is the EU. The market is valued at £240 billion per per year made on 200 million transactions. We also import a fairly similar amount by a similar number of transactions - so 400 million movements per year.
Using Switzerland as an example, each transaction would need a customs declaration and a certificate of origination if the U.K. is outside the CU and EU.
It only requires an added £50 on each transaction in combined customs declarations and origination costs to add £20 billion to the costs of importing and exporting to the EU. A certificate of origination alone can currently cost £55 on its own so £50 as an assessed future cost for both forms is a fairly reasonable assessment.
These costs are borne by the importer/exporter and not the Govt and do not include time delays and do not include any supplementary documentation that may be needed in the future should VAT divergence occur.
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens . "
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait. |
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By (user no longer on site)
over a year ago
|
" However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted
Still perpetuating Daily Express lies?
The largest export market that the UK has is the EU. The market is valued at £240 billion per per year made on 200 million transactions. We also import a fairly similar amount by a similar number of transactions - so 400 million movements per year.
Using Switzerland as an example, each transaction would need a customs declaration and a certificate of origination if the U.K. is outside the CU and EU.
It only requires an added £50 on each transaction in combined customs declarations and origination costs to add £20 billion to the costs of importing and exporting to the EU. A certificate of origination alone can currently cost £55 on its own so £50 as an assessed future cost for both forms is a fairly reasonable assessment.
These costs are borne by the importer/exporter and not the Govt and do not include time delays and do not include any supplementary documentation that may be needed in the future should VAT divergence occur.
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens .
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait."
I have better things to do with my life than go into that level of detail. What would anyone want to waste their time doing that when they can rely on the experience and opinion of a freight operator and retailer who ships to 85 different countries.
I prefer to do things in life , not analyse data . |
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" However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted
Still perpetuating Daily Express lies?
The largest export market that the UK has is the EU. The market is valued at £240 billion per per year made on 200 million transactions. We also import a fairly similar amount by a similar number of transactions - so 400 million movements per year.
Using Switzerland as an example, each transaction would need a customs declaration and a certificate of origination if the U.K. is outside the CU and EU.
It only requires an added £50 on each transaction in combined customs declarations and origination costs to add £20 billion to the costs of importing and exporting to the EU. A certificate of origination alone can currently cost £55 on its own so £50 as an assessed future cost for both forms is a fairly reasonable assessment.
These costs are borne by the importer/exporter and not the Govt and do not include time delays and do not include any supplementary documentation that may be needed in the future should VAT divergence occur.
"
The EU had been continually piling on pressure to have a financial transactions tax while we're in the EU. If we had voted Remain and this measure had come in from Brussels then how much would a financial transactions tax cost UK businesses and consumers? We are talking about hundreds of millions of financial transactions here. Had you worked out how much it would cost the UK? All this money would have gone into Brussels coffers not the UK Treasury. |
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By *LCCCouple
over a year ago
Cambridge |
"But once we leave in, 3 years time, who will fill the gap? France? Nope, Germany? Nope. Will Italy still be in the Euro or have ditched their loan repayments? Who is telling the smaller countries they get less to be in the club? At that point the wheels fall off! And we think...lucky we left when we did!
Its a 4 billion shortfall in a nearly 20 trillion sized economy. I think the EU might just manage. Ireland, for one, has already said that increasing our payments is perfectly acceptable. Even if it was spread among the 27 remaining members equally instead of bigger countries paying a little more it would only be 150mn each, thats not going to break anyones budget.
It's not going to be spread evenly amongst 27 though is it. Hungary have already said they would veto any EU budget that would require them to pay more. Poland have hinted they would ally themselves with the position of Hungary on this. With a new Eurosceptic government in Italy it's doubtful they would agree to pay more as well. Greece are still in financial difficulties so it's highly unlikely they would agree to pay more. You are living in Fantasy Land if you think it would be spread evenly.
It wont be spread equally, it was a point made the illustrate just how small the figure is. Germany and France have an economy of about 1.5 trillion EACH. The shortfall is nothing in the grand scheme of things.
And we've got the divorce bill to cover the UKs liabilities oncluding the rest of the planned budgets for this decade so when the new budget is agreed then there'll be a new spending agreement and no shortfall since it will be a brand new budget.
While we're talking about the grand scheme of things then the UK economy is also over a trillion pounds. The divorce bill is not really that big for the UK when looking at the overall budget for the UK economy.
The divorce bill? That is £45bn one off, plus we will be paying into the EU budget at least some amount until 2060+, so let's call that another £10bn, plus May wants to keep paying into the science budget, let's call that £2bn a year, plus max fac will cost us £20bn a year, and let's throw in the £92bn of combined fiscal and monetary measures we have already spent. How much does that add up to? However the max fac is only likely to cost 2 billion. Part of the input to this calculation was from a company highly experienced in shipping containers all around the world. Adding one extra document to an existing system (the document being the Certificate of Origin ) Is hardly going to cost the 20 billion quoted
Said it before earlier on the thread, that Andrew Neil commenting on the BBC This Week programme called the £20 billion Max Fac figure a calculation that appears to have been made on the back of a postcard. It's laughable that CLCC is trying to pass a forecast or a guess off as hard fact. "
Have you actually figured out where the calculation came from yet? You were ignorant of this earlier on. |
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By *oo hotCouple
over a year ago
North West |
"
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens .
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait. I have better things to do with my life than go into that level of detail. What would anyone want to waste their time doing that when they can rely on the experience and opinion of a freight operator and retailer who ships to 85 different countries.
I prefer to do things in life , not analyse data . "
You said you had reviewed an assessment. You either have reviewed it, or you haven’t? It would take a moment to abridge it’s content - probably less time than it took to make your last post.
I suggest that you haven’t reviewed anything and you just made it up (for a change lol).
Par for the course for Brexiters - make something up, post it as fact and attack anyone who dares suggest that it is in fact BS. |
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By (user no longer on site)
over a year ago
|
"
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens .
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait. I have better things to do with my life than go into that level of detail. What would anyone want to waste their time doing that when they can rely on the experience and opinion of a freight operator and retailer who ships to 85 different countries.
I prefer to do things in life , not analyse data .
You said you had reviewed an assessment. You either have reviewed it, or you haven’t? It would take a moment to abridge it’s content - probably less time than it took to make your last post.
I suggest that you haven’t reviewed anything and you just made it up (for a change lol).
Par for the course for Brexiters - make something up, post it as fact and attack anyone who dares suggest that it is in fact BS."
Maybe it is you who has the issue by referring to the Daily Express and suggesting the story is lies .
The data in the review was sufficient for me.
Normally common decency would stop me from criticising anothè poster. I will point out that you suggested that the UK would lose £2 billion in taxes when Reuters left the UK. The actual tax charge as per their published accounts was 37 million and when asked to explain you simply said that a high turnover would equate to high tax charges .
As project fear has failed to materialise I am happy to ignore the merchants of doom and gloom and take a more positive approach.
With the FTSE 100 at an all time high what more proof do we need . |
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By (user no longer on site)
over a year ago
|
"
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens .
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait. I have better things to do with my life than go into that level of detail. What would anyone want to waste their time doing that when they can rely on the experience and opinion of a freight operator and retailer who ships to 85 different countries.
I prefer to do things in life , not analyse data .
You said you had reviewed an assessment. You either have reviewed it, or you haven’t? It would take a moment to abridge it’s content - probably less time than it took to make your last post.
I suggest that you haven’t reviewed anything and you just made it up (for a change lol).
Par for the course for Brexiters - make something up, post it as fact and attack anyone who dares suggest that it is in fact BS."
If it makes you feel happier I have a summary of the review in my car. It includes number of shipments, turnover and average cost per shipment |
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By *LCCCouple
over a year ago
Cambridge |
"
Daily Express lies ? The assessment I reviewed is from a highly experienced freight operator. I have no reason to dis believe their information. They are involved in running a very successfull business as opposed to just guessing what happens .
So having reviewed the details of the assessment from the “very experienced” freight operator. Please enlighten us as to how thecost of £2 billion per year is achieved? Details please - if it was an assessment it would include freight movement numbers, Carnet and origination certificate costs. I guess we will be in for a long wait. I have better things to do with my life than go into that level of detail. What would anyone want to waste their time doing that when they can rely on the experience and opinion of a freight operator and retailer who ships to 85 different countries.
I prefer to do things in life , not analyse data .
You said you had reviewed an assessment. You either have reviewed it, or you haven’t? It would take a moment to abridge it’s content - probably less time than it took to make your last post.
I suggest that you haven’t reviewed anything and you just made it up (for a change lol).
Par for the course for Brexiters - make something up, post it as fact and attack anyone who dares suggest that it is in fact BS. If it makes you feel happier I have a summary of the review in my car. It includes number of shipments, turnover and average cost per shipment "
If you have a copy of the research in your car, you should know who wrote it then. |
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At least Leavers will be happy about it.