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💷 Brexit - Offering the EU money is a waste of time! 💷

2,414 views · Published 20 September 2017 · 5:39 · Indexed 4 November 2026

Channel: Jeff Taylor · 2017 · News & Politics

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The news coming out now is that the Prime Minister, Theresa May, in an effort to break the Brexit negotiating deadlock, will take an offer on Friday to Angela Merkel to put about £18 billion pounds over two years into the EU coffers.

So, our PM is going to wave an £18 billion olive branch under the noses of the EU to try and get them to negotiate seriously with us.

The figure, which equates to about €20 billion, was chosen as it reflects the amount needed to ensure that all member states receive what they were promised during the current EU budget period that ends in 2020, without more needing to be put in by other states.

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But already the noises coming out of Brussels are that they want more. As far as they are concerned the UK owes them about £88 billion gross, or £53.3 billion net, after what we would get back is removed.

EU Insiders are saying that Mrs May’s offer will be rejected, with the comment that it is ’not in the landing zone’.

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It also seems that the EU is expecting these payments as a mater of course anyway and that any so-called ‘divorce settlement’ will be on top of that.

And there was the EU telling us that we wanted to have our cake and eat it!

Let’s get one thing straight, the EU is absolutely petrified at losing our money.

But what they will still want - is free access to our markets to continue to sell us stuff, like cars etc.

And we still have Danish fishermen demanding to have access to our fishing grounds as part of this so called deal.

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But the EU also wants to grow further and for that they need the cash and the UK has always been a ready source of that. But once we leave, then other net contributors to the EU will have to dig deeper into their pockets, or more worryingly for them ask some current net receivers of largesse to start paying in - and that won’t go down well for some will it!

Now let’s get down to brass tacks. The whole supposed point of this arrangement when we got ourselves into it in 1973 was to boost trade in a common market. And paying in to bring new states in was meant to boost everyones’ trade even further. All those member states, new and old, were meant to buy our produce.

But, we have a massive trade deficit with the EU - no-one is buying our stuff to the same extent that we are buying their’s - apart from a few lucky companies and people, the EU does not work for the UK and no amount of tinkering around the edges of the EU will change that.

Having such a large trade deficit is also unsustainable in the long run - the truth is we couldn’t afford to stay in it for that much longer anyway. All that money we’ve been giving to the EU was just plonked every year onto the now £1.7 trillion of national debt - on which we pay about £1 billion a week in interest.

We therefore need to strike out on our own and find markets around the world that we can sell into at a rate that balances our trade.

And we can only do that by leaving the EU - totally - without burdening ourselves with a massive payment, for which we have already proved there is no legal basis.

Instead of demanding that the UK pays for its future projects and plans, the EU needs to do some basic accounting and balance its income and expenditure - just like a business does when it loses a big fee paying client!

Remainers would, given just half a chance, gleefully keep adding the cost of the EU to the national debt, whilst handing over the Crown Jewels to Brussels. All so they can pat themselves on the back and bask in the self generated warm glow of self righteousness and virtue signalling, all bought with other peoples’ hard earned money.

And as to negotiations - we’ve talked the talk to an EU brick wall, we now need to walk the walk - away from the table and into the world where deals with the likes of Canada and the US can be struck.

Oh, and just a little bit more good news, the pound rose a little on the news today that UK retail sales had been a lot better than expected!

Now , what do you think about Theresa May and an £18 billion offer?

Please leave a comment below.

Thank you.

Sources:

http://www.independent.co.uk/news/uk/politics/brexit-theresa-may-divorce-bill-20bn-euros-short-term-payment-boris-johnson-olly-robbins-a7956431.html

http://www.express.co.uk/news/politics/856463/Brexit-news-Theresa-May-Brexit-offer-EU-reject

http://www.express.co.uk/news/politics/856083/Brexit-news-battle-Britain-fishing-grounds-UK-EU-exit

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