Forum Settings
Forums

Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together

#1
Jan 14, 2:53 PM
Offline
Joined: Jan 2009
Posts: 51936
Brexit is likely to have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure that almost eclipses the total amount the UK has paid toward the European Union budget over the past 47 years.

According to research by Bloomberg Economics, the cost of the UK's vote to leave has already reached £130 billion, with a further £70 billion likely to be added by the end of 2020.

https://www.businessinsider.sg/brexit-will-cost-uk-more-than-total-payments-to-eu-2020-1/

damn lol isnt it that one of the main reason for Brexit is that the leavers think they pay too much money on the EU? but look at that now
 
#2
Jan 14, 3:01 PM

Offline
Joined: Jul 2007
Posts: 4328
Now there's a real shocker.
 
#3
Jan 14, 3:10 PM

Offline
Joined: Mar 2008
Posts: 32740
That would basically mean the UK would be in an economic low for the next roughly 30-50 years and that's before Scotland and Northern Ireland leave.
 
#4
Jan 14, 11:29 PM

Offline
Joined: Feb 2019
Posts: 1303
For some reason, I'd love to see UK crumble.
“The sound of the Gion Shoja temple bells echoes the impermanence of all things;
The color of the sala flowers reveals the truth that to flourish is to fall.
The proud do not endure, like a passing dream on a night in spring;
The mighty fall at last, to be no more than dust before the wind.”


 
#5
Jan 15, 1:07 AM

Offline
Joined: Sep 2018
Posts: 1736
The UK pays £15.5b a year.

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/theukcontributiontotheeubudget/2017-10-31

Most of the cost is from the remainers doing everything they can to hold the thing up for 3 years.

Also the original article is not available but if they can't get the headline figure right, I don't hold out much hope for the rest. The UKs economy is still doing better than Germanys.
 
#6
Jan 15, 2:56 AM

Offline
Joined: Jul 2019
Posts: 367
QPR said:

...

Also the original article is not available but if they can't get the headline figure right, I don't hold out much hope for the rest. The UKs economy is still doing better than Germanys.


https://ec.europa.eu/eurostat/documents/2995521/10075412/2-14112019-AP-EN.pdf/c29b43ca-1bc8-d863-cbcd-31cc05068ddf

Except for Italy, pretty much everybody is doing better than Germany. The way the economy is handled in this country - tax policy in particular - is beyond me. Sure, the national debt has decreased in relative terms but private debt continues to rise and necessary investment is being delayed.

Considering 3 years of political uncertainty in the UK, values slightly below EU28 average are imo acceptable for a developed country of this size.
 
#7
Jan 15, 3:51 AM

Offline
Joined: Feb 2015
Posts: 6588
According to their votes, shouldn't they have split off some years ago? They could have listened to their majority vote (why even put up the vote if you're not gonna go through with it?) and be rebuilding their economy for some time now.
 
#8
Jan 15, 5:31 AM

Offline
Joined: Apr 2019
Posts: 16
Milennin said:
According to their votes, shouldn't they have split off some years ago? They could have listened to their majority vote (why even put up the vote if you're not gonna go through with it?) and be rebuilding their economy for some time now.


this is partially true and i guess one of the big debates has been over 'democracy'... why even have a vote if you won't respect it. although the other issue for a while was trying to get a deal that everyone was happy with, i.e. actually succeed in getting something through parliament and when there are so many remainers, it's no surprise there were so many voices against any deal that got proposed

hopefully there's an end to this soon, it doesn't surprise me that this whole thing is costing us so much.
 
#9
Jan 15, 6:29 AM

Offline
Joined: Aug 2018
Posts: 780
Old new is old. Pretty much everyone warned them about that, but the Brittish always had that attitute that they think they are better than the mainland of Europe. Let them crumble. Now leave them be in their extra mess they have created.
Sorry, due to licensing limitations, this message is unavailable in your region.
 
Jan 15, 8:12 AM

Offline
Joined: Feb 2010
Posts: 8192
Milennin said:
According to their votes, shouldn't they have split off some years ago? They could have listened to their majority vote (why even put up the vote if you're not gonna go through with it?) and be rebuilding their economy for some time now.


slim majority basically 51% and several reasons they ar reluctant. if they do go with it and don't start off well off. it might risk fracturing parts of the UK mainly Scotland and Northern Ireland.


especially scotland as the only reason it stayed in the UK was because of the benefits from the EU.
"among monsters and humans, there are only two types.
Those who undergo suffering and spread it to others. And those who undergo suffering and avoid giving it to others."

“Evil is created when someone gives up on someone else. It appears when everyone gives up on someone as a lost cause and removes their path to salvation. Once they are cut off from everyone else, they become evil.”
 
Jan 15, 8:23 AM

Offline
Joined: Nov 2008
Posts: 25584
That's short term, everyone that's pro-Brexit has said that it will be expensive in the short term, Brexit is better in the long run.


 
Jan 15, 10:03 AM

Offline
Joined: Jan 2020
Posts: 76
Your grandbrats will see the good sites of it. Don't blame them. At least someone cares for the future.
 
Jan 15, 11:20 AM

Offline
Joined: Apr 2013
Posts: 6136
If only Scotland and Northern Ireland would decide to stay with the EU instead of staying with England, that's too bad if they don't.

Timz0r said:
but the Brittish always had that attitute that they think they are better than the mainland of Europe.

I think it's way more the English themselves (with maybe Welsh as well? ) that give that kind of feeling rather than the "British" as a whole though.
 
Jan 15, 12:25 PM

Offline
Joined: Apr 2017
Posts: 2764
cythraul said:
For some reason, I'd love to see UK crumble.
they did it to themselves with the December election, i hope Scotland and Northern Ireland secede though
 
Jan 15, 8:34 PM

Offline
Joined: Mar 2011
Posts: 3121
I never really thought of the pre-1993 incarnations as the EU, so this article doesn't really impact me. Still, it is a large number.
 
Jan 16, 1:11 AM

Offline
Joined: Sep 2018
Posts: 1736
Hoppy said:
That's short term, everyone that's pro-Brexit has said that it will be expensive in the short term, Brexit is better in the long run.


Exactly, a whole new industry of fishing (and fisheries protection) will start up soon now that the EU won't be able to thieve the UKs fish, they've said they want the fish before they even start talking about a deal. I'd walk away and say no deal unless we get a Canada/Japan one, a free trade deal with no payments.

Then let the EU bureaucrats sweat, Germany sink into a recession when they lost their #1 car market. The countries will get onto the EU to sort out a deal. We should not pay for a deal that the EU gave to everyone else, that's just punishment.
 
Jan 16, 10:00 AM

Offline
Joined: May 2010
Posts: 8341
Look at all this money you're not going to make because you aren't working with us.

*Quotes imaginary number*

Clearly, working with us is the ideal business strategy.
 
Jan 18, 4:50 PM

Offline
Joined: May 2018
Posts: 603
As a British person Brexit is not worth it- it never was. The only people who wanted to leave was old people who were fear mongered by the "threat of illegal immigrants", who where actually just alyssum seekers (which isnt illegal anyway...)

We've always had a few negatives because we were in the EU but it was 100% outweighed by the benefits.

Im fucking fed up.
Modified by Seijatachiiii, Jan 18, 4:57 PM
 
Jan 18, 10:23 PM

Offline
Joined: Aug 2017
Posts: 1271
But the thing is this is largely irrelevant because those payments were not the main reason people voted for Brexit (it was like fourth reason down the list). The majority of people voted for Brexit due to concerns over immigration as well as concerns over the EU's rapidly increasing control over the UK.

The EU was only ever supposed to be a light alliance ensuring free commerce and preventing its members from going to war with one another. Instead it's become this massive un-elected group of bureaucrats trying to create a one world government because they think they know what's best for everybody; when in reality their actions are often awful and driving all these countries down the shitter.

As dumb as people (and our politicians) can be, the person who knows what's best for you is still you. Some stranger over in Brussels is never going to be able to represent your best interests the way someone from your own country can (or state, or county, or town, or street, or household). The farther and more disconnected the representation, the worse it is. That's why small governments managing small populations whether more liberal like Sweden or more Conservative like Switzerland; have such successful countries with such efficient governments. That's something a giant civic infrastructure stretching an entire continent is so disastrous; different peoples have different needs. The EU has become a garbage organization no longer focused on serving its original purpose.

Plus, Brexit shouldn't even have cost as much as it has. The reason it's cost so much is because the EU is filled with a bunch of petulant pissbabies who are doing everything in their power to fuck over the UK as hard as they can for leaving in order to take revenge on them as well as send a message to other countries not to leave (because other countries have been mulling it over to). It's ludicrous how these assholes refuse to concede to anything even remotely resembling a fair deal. Plus also driving the cost is UK's own incompetent government suffering from much of the petty internal bullshit our country does.

Whilst I think it's silly the people who voted for Brexit over immigration fears or payment fears; it was the right call. Most countries are worse off in the EU (some of these countries have agreed to some truly astoundingly awful deals destroying entire industries). The only countries who really need the EU are shitty countries like Greece whose governments and peoples can continue to fuck up while the rest of the EU pays much of the price. Or Germany who's successful but is sitting their with their thumbs up their asses being weirdos not spending any money yet not experiencing awful Euro deflation because all the other members make up for it with their spending. Whatever, it's just a shame the EU couldn't be civil about Britain's departure.

We're all fucked anyway when America tanks the entire global economy in a couple decades when we have the worst economic crash in world history from our Social Security, Medicare, Medicaid, and Millitary spending all going under. And if that's the not the nail in the coffin, EU's own debt problems will be. I'm really scared, things are about to get dark, it's why I'm forced to get this boring Computer Science and Engineering degree because it'll have use in a post devastating crash economy unlike if I were to go into Economics or some other shit I actually enjoy.
Modified by Kyotosomo, Jan 18, 10:34 PM
 
Jan 19, 1:02 AM

Offline
Joined: Sep 2018
Posts: 1736
Seijatachiiii said:
As a British person Brexit is not worth it- it never was. The only people who wanted to leave was old people who were fear mongered by the "threat of illegal immigrants", who where actually just alyssum seekers (which isnt illegal anyway...)

We've always had a few negatives because we were in the EU but it was 100% outweighed by the benefits.

Im fucking fed up.


They are criminals because asylum seekers must take refuge in the first safe state, these people come through most of Europe to get here illegally.
It's also about a lot more than that.
 
Jan 19, 2:54 AM

Offline
Joined: Dec 2018
Posts: 306
Why did UK decide to leave the EU. I don’t really care that they did I just don’t understand the logic behind it. They’re loosing money because of it and there is going to be problems figuring out what to do with the Irish border. Was there any logic in this decision?


You’re Loved
 
Jan 19, 3:35 AM
Offline
Joined: Jan 2009
Posts: 51936
Monochrosanity said:
Why did UK decide to leave the EU. I don’t really care that they did I just don’t understand the logic behind it. They’re loosing money because of it and there is going to be problems figuring out what to do with the Irish border. Was there any logic in this decision?


because of the migrant crisis, the Brexit voters fear that immigrants will take their jobs and increase the crime rates and outright replace the white race population in a few decades
 
Jan 25, 2:27 PM

Offline
Joined: Mar 2014
Posts: 471
deg said:
Monochrosanity said:
Why did UK decide to leave the EU. I don’t really care that they did I just don’t understand the logic behind it. They’re loosing money because of it and there is going to be problems figuring out what to do with the Irish border. Was there any logic in this decision?


because of the migrant crisis, the Brexit voters fear that immigrants will take their jobs and increase the crime rates and outright replace the white race population in a few decades


But wont they just keep getting people from the Commmonwelth, just like before mid-1970's? Doesn't this include a lot of african and caribbean countries? Maybe even India and Pakistan?

Sooo...almost nothing changes in this aspect, if I am correct, sans less slavs? /lol


it might risk fracturing parts of the UK mainly Scotland and Northern Ireland.

especially scotland as the only reason it stayed in the UK was because of the benefits from the EU.


Sometimes being a big coward does not pay of.

Had Scotland had left in the referendum, at this point they would be in the middle of the process of re-entering it, and this time as a fully fledged sovereign nation.

Now, they are exiting against their will, and there is no way in hell the anglos will allow for a legal referendum again for the next 3 decades at minimun, as they would lost clay easy.

Also, hope they are prepared for IRA to resume their bombings. No more common border/free trade with Ireland=North Ireland irish patriots get big mad.

Walles separatism? They also voted Brexit, but if things go real bad, not impossible...



But I record some brits complaining about no english-only parliament, while his subjects of UK have one for each of them. Maybe, deep down, they just want to be good old England, all alone.
Modified by Fabris, Jan 25, 2:30 PM
FGO NA Code: 482.072.599

(F2P thug life of savings...)
 
Jan 26, 1:27 AM

Offline
Joined: Sep 2018
Posts: 1736
Is is fair for Scottish to vote down English only ideas they they can vote on English matter but the English cannot vote on Scottish matters?

Is it fair Scots can have free university in both Scotland and England but English have to pay in both England and Scotland? That's clear discrimination.

The jocks will never leave no matter what that windbag says, she should concentrate on her own country that is plummeting down the rankings under her control.

I can see Ireland being reunited within 20 years as both Scotland and NI are a drain on England and Wales.
 
Jan 26, 11:54 AM

Offline
Joined: May 2016
Posts: 1602
Hopefully they can stop the inflow of rapefugees. And they already said they aren't doing article 13. So far so good.
 
Top