That's a bit of a 350 million pounds on a battle bus kind of slant there Goldie.
100 billion is one figure quoted. 32 billion is another. Either way it's honouring our commitments that we'd already agreed to. Some of those commitments have little to no benefit to us whereas others might be offset against payments due to us.
The rest of it as you describe is a soft Brexit, Norway-esque deal.
If that is the result of no real negotiation then it doesn't sound terrible. The economy would suffer very little hit as a result.
Crippling WTO import and export duties and offering the multi-nationals no access to the EU markets sounds worse than your worst case scenario. Setting up new trade deals with everyone would take years on top of the two years we'd have wasted and I'd suspect even a 100 billion would be peanuts compared to the cost to the UK.
Stan dealt admirably with the fact that tariffs are unlikely to be a major problem on WTO rules, Matt. Let me deal with the Euro 100 bn claim. It hasn't just been "mentioned", it is currently the figure for which the Commission is pursuing the UK on behalf of member states.
Given that position, if Keir Starmer on behalf of a Labour Government said the Commission :
"Could you reduce Euro 100bn please, but if you won't, we'll accept it anyway because "any deal is better than no deal""?
do you really think Juncker is going to say,
"Very well, old chap, how little would you like to pay?"
The EU is not some benign group that allows members to leave with a fond farewell. It's more like a sect. And to them, we are deep pocket. Juncker and Co are ruthless operators that will try and screw anyone to the ground that crosses them. If you don't believe me, read some of what Yanis Varoufakis has to say about how the EU dealt with the Greek Government. Unyielding when they hold any state by the gonads, and utterly ruthless.
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