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Wednesday 1 February 2017

THE EU FEES FOR BREXIT EXIT


THE EU RIPOFF FEE TO THE UK FOR LEAVING

So, the threats and demands from the EU have started.

Some EU officials claim that the UK would have to pay into the EU
Budget some 60 Billions Euros as a condition of leaving the EU.
University Professors think it might be lower, around 40 Billions Euros.
TV Commentators think the UK through negotiations would only need to pay 30 Billions of Euros.
Who do you believe ?

I think the the UK should leave the EU no later than 1 April 2019.
This is how I think the argument should go from a UK perspective.
The UK should honour its commitments up to the 1 April 2019.
After that date, the UK should pay into the EU Budget - Nothing !
The EU will demand payments for commitments to EU officials Pension schemes. No way !
The UK should demand its % share of all EU Assets -  Buildings, Cash in the Bank, Investments, Loans to Member states. That should result in Billions of Euros rebate for the UK. After all, the UK has paid a share of these Liquid Assets and Fixed sets.

The EU hierarchy will not like this. What is the legal position ?
If a business is closed down or shareholders withdraw their shareholding, the Law will pronounce that this is legal for the shareholders to receive their share of the net assets.

The eternal Auditors have not signed off the EU Accounts for some 15 years or more.
The UK should refuse to pay any Leaving fee unless they are presented with Recent Audited Accounts.

The UK should insist that the Principle of Transferability of Pension Funds should apply to all the UK MEPs.

I have confidence in the UK Negotiating Team. If agreement cannot be reached, what Court of Justice will judge ? The European Court of Justice ?  I hope not !

The EU might also claim that since the UK agreed to the various EU Treaties, the UK must honour its commitments and pay up !
The answer is that the UK has lived up to its commitments WHILST it remained a Member of the Club. After it has left the Club, it does not have any more financial commitments.

If you had paid £1,000 to join your local Golf Club, what would you say if they said - You will have to pay £5,000 Leaving Fee. I think that I know what you would say to them ...?***!!!! *** ?

Perhaps the UK Negotiators will be a little more Polite !

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