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Rod Speed Rod Speed is offline
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Default [EU] budget implications

tim... wrote
Rod Speed wrote
tim... wrote
Andy Burns wrote
Chris Hogg wrote


I heard minigod Nige say that the dues we'd receive on EU imports to
the UK would be greater than the dues we'd pay on our exports to the
EU. Whether the Delors analysis takes that into account, I didn't go
looking.


It does mention that if we end up with WTO trade, the dues the EU would
receive from UK trade could halve their "brexit gap" but would
eventually see individual EU states income drop - whether they'll allow
that to influence their decision to allow us better than WTO trade,
we'll have to see.


The point is that countries look at WTO tariffs as if they are
inter-country governmental payments


when they are not


they are payments by consumers (who buy the end products with the
tariffs added)


So instead of HMG (from UK taxes) giving the EU countries 20 Billion (or
whatever the figures is), EU consumers will give their own governments
an extra 20 Billion in tariff payments (aka local taxes)


Or not in the case of stuff imported into the EU which
has a tariff applied currently which doesn’t have to
have a tariff applied when Britain is outside the EU.


you seem to be thinking of goods imported into the UK


That’s what was being discussed.

the discussion is about goods imported into the EU


Nope. Clearly what was being discussed was WTO tariffs.
There are none involved with goods imported into the EU.

(that bit that is the same without the UK)


Irrelevant to what is being discussed.