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Brexit - UK to pay Brussels for 45 years!

3,748 views · Published 14 March 2018 · 8:26 · Indexed 21 September 2026

Channel: Jeff Taylor · 2018 · News & Politics

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Much is being made of a report that says the UK will have to keep paying the EU for 45 years after Brexit.

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You may have heard this story doing the rounds that the UK will be tied into paying Brussels a Brexit divorce bill until 2064.

That does sound a bit alarming and could be used by unscrupulous people in certain quarters to try and get voters to question why the UK is leaving the EU, if we're going to have to pay for all this time anyway.

The 45 years time frame stems from a report by the Office for Budget Responsibility that has estimated the total Brexit so-called 'divorce bill' at £37.1 billion and then broken down how that would look as we paid it off.

I've written a quick article with a graph about it on The Economic Voice and put a link to it in the description box below.

Now the £37.1 billion cost is what the UK has already agreed to (although many Brexiteers dislike it), but the real point is how we pay and that's where the 2064 end date comes in.

Basically, 75 percent of the total cost will be borne in the first five or so years and the rest will amount to an average of about 150 million euros a year until 2064 and in some years we will actually get some money back.

So, paying the bill for 45 years when the annual amount is so relatively small suddenly doesn't become the issue it initially sounds.

Moving on I now want to make an observation or two about the Sergei and Yulia Skripal case.

Not about the horrific nature of the attack itself or Russia’s culpability. But about the potential for using it to try and tie the UK into EU foreign and defence policy.

Firstly, the PM should be congratulated for showing that she has some fire in her belly by exhibiting leadership and steel in her statement to the House of Commons today announcing that 23 of the 58 London based Russian ’diplomats’ would be expelled within 7 days amongst other measures such as sourcing gas from other countries.

This is in stark contrast to the Leader of the opposition, Jeremy Corbyn who, unlike many of his own backbenchers, could not quite bring himself to condemn Putin and Russia.

With Theresa May replying to the consensus of the condemnation across parties and Corbyn’s weak statement with:

"I am only sorry that the consensus does not go as far as the Right Honourable Gentleman, who could have taken the opportunity, as the UK government has done, to condemn the culpability of the Russian state.”

I must say though that I wish she had shown this sort of backbone throughout the Brexit negotiations. We could be getting a corker of a deal!

Other topics include:

1. The Sergei Skripal and Yulia Skripal case in Salisbury and the effect it has had on the nearby town of Gillingham Dorset.

2. The UK should be fracking for gas to remove our reliance for energy on other states such as Putin's Russia or that may have dodgy human rights records.

3. UK defence and foreign policy should be kept firmly under UK government control.

Sources:

https://www.economicvoice.com/office-for-budget-responsibility-our-says-uk-will-pay-brexit-divorce-bill-until-2064/

http://obr.uk/docs/dlm_uploads/AnnexB-1.pdf

https://www.mirror.co.uk/news/politics/theresa-slams-jeremy-corbyn-not-12186751?utm_source=google_news&utm_medium=referral&utm_campaign=google_news&utm_content=sitemap

https://www.express.co.uk/news/politics/931328/european-union-needs-britain-after-brexit-defence-eu-army

https://www.express.co.uk/news/uk/931605/russia-uk-news-army-spy-poisoning-gillingham-dorset-evacuated-police-war

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