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Brexit

Where will funding come from when we leave the EU?

131 replies

SistemaAddict · 30/07/2019 10:01

I was googling a local tourist attraction yesterday and noticed the following:

The new Treak Cliff Cavern Interpretation Centre is part-funded by the European Agricultural Fund for Rural Development - to upgrade the visitor offer, by providing new toilets, heritage and interpretation centre. Project reference number: 101006.
ļæ¼

and it got me wondering where the deficit will come from when (if?) we leave the EU?

So many places of interest and industries benefit from EU funding and this is just one example.

Someone I know works as a project manager whose job it is to secure funding from the EU.

What other resources can we tap for funds once out of the bloc?

OP posts:
Clavinova · 06/08/2019 14:53

how many Leavers would really be happy to wait 50 years to see the 'true benefits' in whatever terms they are couched.

As I said previously - that was his answer to, "What if you are wrong?" not, "What if you are right?"

David Cameron and George Osborne got it wrong in 2016 didn't they?

"Britain’s economy would be tipped into a year-long recession, with at least 500,000 jobs lost and GDP around 3.6% lower, following a vote to leave the EU, new Treasury analysis launched today by the Prime Minister and Chancellor shows.Speaking at B&Q in Eastleigh, Hampshire, the Prime Minister and Chancellor set out the Treasury’s analysis of the impact on the nation’s economy over the immediate period of two years following a vote to leave."

www.gov.uk/government/news/britain-to-enter-recession-with-500000-uk-jobs-lost-if-it-left-eu-new-treasury-analysis-shows

Peregrina · 06/08/2019 15:07

I hardly think the economy is booming. Harland and Wolf announced that they were going into Administration yesterday. Tesco metro is laying off staff, Spudulike has gone bankrupt. (OK that's a smallish concern, but it's extra people out of work.)

Where are the firms bringing thousands of jobs? That's what we should be seeing now if Brexit is so good for the country.

OK you are a Leaver Clavinova - so let's ask you a direct question, never mind what Rees-Mogg said - are you personally happy to have to wait for 50 years?

I am not a Leaver but I know that I will be dead then. My grandson will possibly be a grandfather himself. For me that is a long long time to wait for the 'easiest deals in history', 'they need us more than we need them', blah de blah.

ODFOx · 06/08/2019 15:15

Ah no, I meant 1400 not 14000. Extra zeros....an epidemic of these brexit times?

Clavinova · 06/08/2019 15:31

Peregrina

Where are the firms bringing thousands of jobs?That's what we should be seeing now if Brexit is so good for the country*

Obviously you must have heard about 'Brexit uncertainty'? Will we/won't we leave the EU which has stifled investment?

However;
"New figures show there were 1,782 new inward investment projects in 2018/19, creating over 57,000 new UK jobs and safeguarding nearly 7,000 jobs."

"These figures from the Department for International Trade complement recent reports that show despite a competitive global investment environment, the UK continues to attract more foreign direct investment projects than any other country in Europe."

www.pesmedia.com/inward-investment-projects-uk-new-jobs/

Tesco metro is laying off staff
Their business model was all wrong - did you watch the news last night? Amazon announced 2,000 new jobs a few weeks ago, Lidl 1,500 jobs...

are you personally happy to have to wait for 50 years?
Personally I think there will be a last minute deal - if not, it won't be a disaster and the benefits will be seen within 5 years.

Mistigri · 06/08/2019 15:32

"Describing Britain’s €6.2 billion (Ā£4.9 billion) cashback as ā€œthe mother of all rebatesā€ Mr Oettinger said the payment would still be gradually be reduced to zero in stages."

Excellent news.

Peregrina · 06/08/2019 15:43

So you can't manage a yes/no answer then Clavinova.

RuggerHug · 06/08/2019 15:57

cupidfatstunt (love the name btw) to continue the explanation you used, what good is being able to decorate all you want in the house if you've no water, electricity, heating? If you don't have your bins collected, contents insurance, maintenance? A drafty shed with a posh candle is still a shed and pretty shit if you'd a lovely home before you abandoned for some independence without working the numbers first.

jasjas1973 · 06/08/2019 16:23

Personally I think there will be a last minute deal - if not, it won't be a disaster and the benefits will be seen within 5 years

Why does everyone seem to want a deal if the benefits are there for all within 5 years? does a deal bring these benefits forward or will it hinder the UK ?

oh and what benefits?

Blibbyblobby · 06/08/2019 16:43

Sterling lost 16% in the year following the Bexit vote. Unless GDP rose by 19% over the same period (clue - it didn't), Brexit did cause UK GDP to fall. Clavinova just doesn't realise because the number of pounds got bigger even though the pounds got smaller.

OhtheHillsareAlive · 06/08/2019 17:13

We were promised benefits now.
The really really sad thing is that some gullible people actually believed this. I imagine they’re feeling very silly now.

MeganBacon · 06/08/2019 17:27

Sterling lost 16% in the year following the Bexit vote. Unless GDP rose by 19% over the same period (clue - it didn't), Brexit did cause UK GDP to fall. Clavinova just doesn't realise because the number of pounds got bigger even though the pounds got smaller.
Can you explain that please Blibbyblobby?

InTheHeatofLisbon · 06/08/2019 17:34

Johnson promised £2 billion for the NHS recently.

Not quite the £350 million a week he'd originally stated eh?

Antigonads · 06/08/2019 17:36

Someone on this thread has actually stated that we get more money out of the EU than we put in.

And it’s said that leavers are thick

Hmm
MockerstheFeManist · 06/08/2019 17:41

Mr Ottenger can think what he likes. If we revoke, we keep all our opt-outs and rebates unless we agree to give them up.

If we crash out and then come begging to be let back in, different story.

Peregrina · 06/08/2019 18:16

Amazon announced 2,000 new jobs a few weeks ago, Lidl 1,500 jobs...

Oh whoop de whoop. Instead of your sons and daughters getting an apprenticeship for a decent trade in the shipbuilding industry, getting their 'ticket' and a passport to well paid work, they can work for sixteen hours on the minimum wage.

I wonder how lucky they will feel. Or will they feel they have been well and truly shafted by the older generation?

Oranginna · 06/08/2019 18:36

I don’t think you can blame Brexit for the decline in British shipbuilding. But as we all know, wages and employment have both increased since the Leave vote. An inconvenient truth that remainers just cannot bear to acknowledge.

Oranginna · 06/08/2019 18:40

BBC 17 July: wage growth in the UK accelerated to 3.6% in the year to May 2019, the highest rate since 2008, and it means that wages have been outpacing inflation since March 2018.

Jason118 · 06/08/2019 19:01

Oh good, another 5 years or so of that and we'll be back where we were!

Jason118 · 06/08/2019 19:02

I'm sure nothings coming along to upset that applecart, oh no.

MockerstheFeManist · 06/08/2019 19:50

Grieve on C4 News just now explaining how it could all come down to her Madge sacking Bozza if he refuses to obey a VONC.

Her grandad in 1911 had to persuade the nutcase Tory Lords of his day to let the Liberal budget pass or he'd create three hundred new peers to outvote them. That would be the only near-precedent.

Peregrina · 06/08/2019 20:24

No, I am sure you can't blame Brexit for the decline in British shipbuilding. Indeed an article in the paper said just that, and at the time it began to decline there could have been a big government push to indentify new markets, which they didn't do, but just relied on defence contracts.

The point is, I don't see any firms rushing in to provide the good quality work at a sufficient volume - warehouse and retail jobs don't make up for the ones lost.

Onatreebyariver · 06/08/2019 20:26

Well we put in a hell of a lot more than we take out.

So there is your answer.

Peregrina · 06/08/2019 20:34

What answer? I don't see e.g. any large engineering or IT firms rushing in to provide good jobs.

Clavinova · 06/08/2019 20:46

Blibbyblobby
Sterling lost 16% in the year following the Bexit vote. Unless GDP rose by 19% over the same period (clue - it didn't),

Those two examples don't seem to correlate. Sterling was overvalued before the referendum by up to 15% - damaging our export market - it was due a correction in any case:

Oct 2014 ā€˜Sterling Overvalued by 10-15%’:Vince Cable

"The Business Secretary Vince Cable has warned that the UK recovery is being held back by our declining level of exports and attributed sterling’s recent gains to some of the stall."

www.foremostcurrencygroup.co.uk/sterling-overvalued-10-15-vince-cable/

Some of you might come back and tell me that liberal democrat MPs spout a load of nonsense and can't be trusted. Grin To be fair to VC - the experts agreed with him on this occasion:

December 2015 Pound is 'most overvalued currency in the world, analysts claim.

ā€œWe have various different ways of looking at currency valuations and what we find is that sterling is the most expensive currency out there at the moment - even including the dollar,ā€ said Oliver Harvey, foreign exchange strategist at Deutsche Bank.Earlier this year, the International Monetary Fund said the pound was between 5pc and 15pc overvalued."

www.telegraph.co.uk/finance/currency/12065157/Pound-is-most-overvalued-currency-in-the-world-analysts-claim.html

Clavinova · 06/08/2019 20:47

Peregrina
I don't see e.g. any large engineering or IT firms rushing in to provide good jobs.

Give me 10 mins...

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