EU Faces Funding Cliff Edge

All this talk of Brexit being a cliff edge for Britain ignores the other side of the coin, it is a funding cliff edge for the EU. Excluding Germany, Britain’s contribution is more than the total net contribution of the 26 other EU states combined. Guido will repeat this: add up the debits and credits of every member state from France to Poland bar Germany and it comes to a figure less than Britain’s EU contribution. Britain’s exit will be a massive budget hit to the EU…

Guido has been saying since the referendum that this will be the year world opinion will shift from “What the hell have the Brits done?” to “The EU is in trouble without Britain.” Mark Carney said similar yesterdayWhen negotiating it will be important to remind them that a bad deal or no deal could see the UK stop the flow of pounds immediately. That is the EU’s budgetary cliff edge…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.