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Post by jonksy on Sept 6, 2023 6:33:19 GMT
Huge Brexit victory as UK escapes massive £56bn bill to top up EUSSR budget.
Brexit Britain is dodging the European Union's increasing demands for cash from its member states after leaving the bloc.
The EUSSR is understood to be planning a €66bn (around £56.4bn) increase in the 2021-2027 budget, as set out by the Commission in June.
An additional €20bn (more than £17bn) is earmarked for support for Ukraine.
While member states are supportive of the money going towards stymying Vladimir Putin's invasion, they are reportedly less keen on other areas of the boosted spending, as many countries face continued economic strife.
German Finance Minister Christian Lindner expressed his support for increased spending on Ukraine, but opposed raising expenditure in other areas.
Germany is already struggling to grow its economy before the new budget demands
Germany is performing poorly compared to other countries in the zone and has just cut corporate taxes by €32bn (£27.3bn) to stimulate growth. Meanwhile, France is struggling to balance its own budget and Italy's GDP growth is stuttering towards stagnation. Writing for the Telegraph, finance columnist Matthew Lynn argued the EUSSR is "running out of other people's money". The EUSSR has substantially ramped up its spending in recent years, including a €750bn (£641bn) Coronavirus Recovery Fund and a high level of support for Ukraine. link |
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Post by oracle75 on Sept 6, 2023 7:38:18 GMT
Indeed. You have enough increase in spending of your own to worry about. During 2022-23, Total Managed Expenditure has increased in nominal terms by £113.5 billion (10.9 per cent), and also in real (inflation-adjusted) terms by £45.2 billion (4.1 per cent). www.gov.uk/government/statistics/public-spending-statistics-release-july-2023/public-spending-statistics-july-2023#:~:text=During%202022%2D23%2C%20Total%20Managed,billion%20(4.1%20per%20cent). www.bbc.com/news/51110096 explains how much the UK still pays into the EU as part of the Withdrawal Agreement. Now i do hope that all the money you say you escaped paying will be invested in your crumbling NHS and your public buildings. I have to laugh...you are still fixated on what the EU is doing as a constant justification for leaving. Any financial budgetary changes are decided by democratic vote so maybe you wouldnt be so fixated if you actually accepted that you have left and concentrate on your own decline in investment, services and lack of growth. |
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Post by jonksy on Sept 11, 2023 0:48:32 GMT
Indeed. You have enough increase in spending of your own to worry about. During 2022-23, Total Managed Expenditure has increased in nominal terms by £113.5 billion (10.9 per cent), and also in real (inflation-adjusted) terms by £45.2 billion (4.1 per cent). www.gov.uk/government/statistics/public-spending-statistics-release-july-2023/public-spending-statistics-july-2023#:~:text=During%202022%2D23%2C%20Total%20Managed,billion%20(4.1%20per%20cent). www.bbc.com/news/51110096 explains how much the UK still pays into the EU as part of the Withdrawal Agreement. Now i do hope that all the money you say you escaped paying will be invested in your crumbling NHS and your public buildings. I have to laugh...you are still fixated on what the EU is doing as a constant justification for leaving. Any financial budgetary changes are decided by democratic vote so maybe you wouldnt be so fixated if you actually accepted that you have left and concentrate on your own decline in investment, services and lack of growth. Tories jubilant as Emmanuel Micron humiliation is 'proof voters were right about Brexit'
Tory MPs have jumped on the latest Brexit Britain success, after it emerged one of France's top banks is now advising its customers to "move money to Britain".
BNP Paribas, a multinational bank, says French investors should move their money "out of the eurozone", in the latest embarrassment for Emmanuel Micron.
The UK stock market received the boost thanks to a "cheap pound", attractive combination of sectors, and better-than-expected performance of the British economy.
This afternoon Tory MPs reacted with delight at the news.
Deputy party chairman and Red Wall Rottweiler Lee Anderson told the Express the bank's advice is "more proof that the British public were right to vote to leave the EUSSR".
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Post by oracle75 on Sept 11, 2023 7:56:49 GMT
You are pleased that a bank advises to put money into an economy with a weak currency?? Today the Paribas is buying pounds at .8479 and selling at .8674. entreprises.bnpparibasfortis.be/fr/live-currency-ratesNo wonder it wants to own pounds. Buy low, sell higher. Create profit on the back of weak currencies. You arent very clued up about how this works, are you? |
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Post by Fairsociety on Sept 11, 2023 8:03:07 GMT
Starmer and Davey wont want us to hear this news, it will make it harder for them to peddle their rejoin the EU campaign.
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Post by Red Rackham on Sept 11, 2023 9:06:31 GMT
Cant help noticing that although the OP is a very interesting story, Oracle completely ignores it and as usual, carps on about the (Independent and sovereign) UK. It seems in Oracle world bad news about the EU must never be mentioned. Not to worry Oracle, there are plenty of sensible people who are not in Oracle world who will mention it for you.  |
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Post by jonksy on Sept 11, 2023 9:20:12 GMT
Cant help noticing that although the OP is a very interesting story, Oracle completely ignores it and as usual, carps on about the (Independent and sovereign) UK. It seems in Oracle world bad news about the EU must never be mentioned. Not to worry Oracle, there are plenty of sensible people who are not in Oracle world who will mention it for you. I see the remnants have given my thread in the mindzone. Titled not many people know this in the UK a wide birth....Well worth a watch mate when you have time. This is huge for the UKs economy... |
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Post by Deleted on Sept 11, 2023 10:11:19 GMT
Why is that a bonus when we have wasted billions since we left the EU?
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Post by Pacifico on Sept 11, 2023 10:59:33 GMT
Why is that a bonus when we have wasted billions since we left the EU? so why waste billions more supporting the EU? |
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Post by Fairsociety on Sept 11, 2023 11:04:46 GMT
Why is that a bonus when we have wasted billions since we left the EU? We wasted billions over 46 years, so what's new?
If it's any consolation At least we're now wasting the money on our own country, and not propping up busted Greece, and the other hangers on.
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Post by Deleted on Sept 11, 2023 11:59:08 GMT
Why is that a bonus when we have wasted billions since we left the EU? so why waste billions more supporting the EU? It would have cost less to remain. The post suggests that the UK would have had to pay £56b, which of course is a lie. |
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Post by Deleted on Sept 11, 2023 11:59:48 GMT
Why is that a bonus when we have wasted billions since we left the EU? We wasted billions over 46 years, so what's new?
If it's any consolation At least we're now wasting the money on our own country, and not propping up busted Greece, and the other hangers on.
We wasted billions in a few years under the Tories. |
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Post by jonksy on Sept 11, 2023 13:55:43 GMT
so why waste billions more supporting the EU? It would have cost less to remain. The post suggests that the UK would have had to pay £56b, which of course is a lie. Can prove that? And No links to pro EUSSR BS. |
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Post by jonksy on Sept 11, 2023 13:59:05 GMT
We wasted billions over 46 years, so what's new?
If it's any consolation At least we're now wasting the money on our own country, and not propping up busted Greece, and the other hangers on.
We wasted billions in a few years under the Tories. What do you mean on covid the antics of the EUSSR. And trying to make ends meet after the last labour infestation? Along with thousands of hours of parliamentary time wasted over a glass of wine and slice of cake. EDIT....And an illegal invasion of the Ukrain.. |
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Post by Fairsociety on Sept 11, 2023 14:13:27 GMT
We wasted billions over 46 years, so what's new?
If it's any consolation At least we're now wasting the money on our own country, and not propping up busted Greece, and the other hangers on.
We wasted billions in a few years under the Tories. Well that's what happens when you have a 'Global pandemic' and a war in Ukraine, it's called bad luck, you want to thank your lucky stars all that didn't happen under a Labour government because the UK would officially be declared 'bankrupt'. |
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