UK to be billed £1.7 billion by the EU

[opruh]

Is UK gonna leave EU now?

 

[Steve781]

I wonder how British EU haters will feel if EU puts visa requirements on them to enter eurozone. No more cheap holidays and then they can shower their English love on each other while locked away on the tiny island

I wonder how British EU haters will feel if EU puts visa requirements on them to enter eurozone. No more cheap holidays and then they can shower their English love on each other while locked away on the tiny island

Compared to the 50 million a day we pay to the EU I would call it a bargain. And this tiny little island has an economy eight times larger than your own country.

 

[Gabriel92]

I wonder how British EU haters will feel if EU puts visa requirements on them to enter eurozone. No more cheap holidays and then they can shower their English love on each other while locked away on the tiny island

 

[Ceonwulf]

@Schutz : There is nothing really wrong in the EU asking UK for this 1.7 billion pounds.

The UK has the fastest growing major economy in the whole of EU and this is just the execution of an agreed formula. A formula that the UK agreed to by the way.

With the rise of Asia, the UK should understand that only an united Europe can make sure the interests of Europeans are taking seriously by the likes of China and even India in the future.

All very well playing to the gallery but the major EU nations will in 10-15 years become irrelevant in world affairs, unless they unite as one block.

China is surely on the rise, but India's future is far from certain. Even by 2019, IMF forecasts place India with a considerably smaller economy than the UK!

I strongly disagree that the major EU nations will be irrelevant in world affairs within the next 10-15 years. For example, by 2019 the UK will be approaching a $4 trillion economy according to the IMF. That is only 5 years away. So imagine how large it will be 15 years away from now? Maybe $6 trillion? Also, the UK is forecast to eventually overtake Germany as Europe's largest economy in the next 15-20 years due to higher population growth and higher GDP growth. That doesn't look like an irrelevant country to me.

Canada and Australia are far smaller and weaker than the major EU countries, yet they do just fine without being in a Union like the EU. In fact, Australia and Canada are very active and influential on the world stage, and China considers Australia to be a major player and partner in the East Asia/Oceania region, both in terms of diplomatic matters, military balance and economics.

Britain, Germany and France are much larger, more powerful and more influential than Australia - so if Australia can hold its own in talks and agreements with China, then Britain or Germany surely can!

The rise of China is not somehow going to suddenly make European countries irrelevant. That is a silly notion.

Also, while China has already surpassed the major EU nations, the only other Asian county that might also do the same is India. No other Asian nation realistically has the potential to overshadow the major EU nations.

So 30 years from now, even if India does emerge as a major power, the Europeans are still going to be major powers too. GDP rankings would probably be something like:

US/China/EU
India
Japan
UK/Germany
France/Brazil
Russia
Rest of world

Russia will continue to lag behind the above nations if it continues to pursue its destructive foreign policy and over reliance on exporting fossil fuels.

 

[Kyusuibu Honbu]

This is what a Union is like.

Revenues from Gujarat's economy are used all over India.

 

[Jaat Rock]

If UK separate from EU
Good for Asia and bad for USA

 

[UKBengali]

China is surely on the rise, but India's future is far from certain. Even by 2019, IMF forecasts place India with a considerably smaller economy than the UK!

I strongly disagree that the major EU nations will be irrelevant in world affairs within the next 10-15 years. For example, by 2019 the UK will be approaching a $4 trillion economy according to the IMF. That is only 5 years away. So imagine how large it will be 15 years away from now? Maybe $6 trillion? Also, the UK is forecast to eventually overtake Germany as Europe's largest economy in the next 15-20 years due to higher population growth and higher GDP growth. That doesn't look like an irrelevant country to me.

Canada and Australia are far smaller and weaker than the major EU countries, yet they do just fine without being in a Union like the EU. In fact, Australia and Canada are very active and influential on the world stage, and China considers Australia to be a major player and partner in the East Asia/Oceania region, both in terms of diplomatic matters, military balance and economics.

Britain, Germany and France are much larger, more powerful and more influential than Australia - so if Australia can hold its own in talks and agreements with China, then Britain or Germany surely can!

The rise of China is not somehow going to suddenly make European countries irrelevant. That is a silly notion.

Also, while China has already surpassed the major EU nations, the only other Asian county that might also do the same is India. No other Asian nation realistically has the potential to overshadow the major EU nations.

So 30 years from now, even if India does emerge as a major power, the Europeans are still going to be major powers too. GDP rankings would probably be something like:

US/China/EU
India
Japan
UK/Germany
France/Brazil
Russia
Rest of world

Dude, you have just contradicted yourself by putting EU up there with US and China!

India wont be the giant that China will be in 10-15 years but will be more powerful than the large EU countries and so is unlikely to treat them individually with all that much respect. Even if India only manages 6% a year growth, you are looking at an economy that would be twice as large in nominal and 4 times as large in PPP than UK.

Remember that the individual EU countries like France hold much more clout as they are part of the EU and the EU does act in unison when it's interests are threatened.

Lastly, what are you smoking? Indonesia has an economy that is already 1 trillion in nominal and set to grow at 6% a year for decades on end. EU countries in contrast are set to grow around 1-2% a year.

 

[Ceonwulf]

Dude, you have just contradicted yourself by putting EU up there with US and China!

India wont be the giant that China will be in 10-15 years but will be more powerful than the large EU countries and so is unlikely to treat them individually with all that much respect. Even if India only manages 6% a year growth, you are looking at an economy that would be twice as large in nominal and 4 times as large in PPP than UK.

Remember that the individual EU countries like France hold much more clout as they are part of the EU and the EU does act in unison when it's interests are threatened.

Lastly, what are you smoking? Indonesia has an economy that is already 1 trillion in nominal and set to grow at 6% a year for decades on end. EU countries in contrast are set to grow around 1-2% a year.

I have not contradicted myself by placing the EU alongside the US and China. As I believe the EU will continue to exist and I don't think Britain will leave the EU. I also agree that the EU gives more clout to the individual EU nations, and it allows countries like Germany, the UK and France to negotiate with the US and China on an equal footing when it comes to trade and global economics.

But even in an extreme scenario without the EU, the major European nations would still have significant clout by themselves, they would not be irrelevant. For the foreseeable future the UK, Germany and France are still likely to occupy 5th to 8th largest economies in the world. That is significant.

Of course India will overtake the economies of Germany and the UK eventually, but even with an economy twice the size of the UK, Britain is not suddenly going to become irrelevant on the world stage and India treat it with less respect. Likewise, when the UK trades with Australia or the Netherlands, the UK treats them with mutual respect despite having a far larger economy. In 2011 Japans economy was twice the size of the UK, yet Japan still traded with the UK as an equal partner and offered mutual respect towards the UK.

It is unlikely Indonesia will surpass the major EU nations within our lifetime. You also assume there is enough resources for Indonesia to emerge and grow indefinitely. But that is simply not the case. Indonesia will be competing with China, Australia and India for resources and influence. There simply isn't enough to go around. There will be winners and losers. Europe has the advantage that it is already fully developed and has a firm grip on Africa, the Middle East, South America and even parts of Asia for cheap resources.

I have said before on PDF that it is impossible for China and India (the two largest countries in the world) to co-exist and emerge as superpowers. History shows us that two rivaling nations cannot co-existed side by side in a world with limited resources. One of us will eventually lose, but fortunately for me, China is currently winning. I am highly skeptical that India will ever emerge as an important global power on par with the US, China and the EU.

 

[$@rJen]

Ya... Now they're Trying to add another cash trapped country Ukraine.... Next year UK will be asked to give 2.5 Billion Pounds

 

[UKBengali]

I have not contradicted myself by placing the EU alongside the US and China. As I believe the EU will continue to exist and I don't think Britain will leave the EU. I also agree that the EU gives more clout to the individual EU nations, and it allows countries like Germany, the UK and France to negotiate with the US and China on an equal footing when it comes to trade and global economics.

But even in an extreme scenario without the EU, the major European nations would still have significant clout by themselves, they would not be irrelevant. For the foreseeable future the UK, Germany and France are still likely to occupy 5th to 8th largest economies in the world. That is significant.

Of course India will overtake the economies of Germany and the UK eventually, but even with an economy twice the size of the UK, Britain is not suddenly going to become irrelevant on the world stage and India treat it with less respect. Likewise, when the UK trades with Australia or the Netherlands, the UK treats them with mutual respect despite having a far larger economy. In 2011 Japans economy was twice the size of the UK, yet Japan still traded with the UK as an equal partner and offered mutual respect towards the UK.

It is unlikely Indonesia will surpass the major EU nations within our lifetime. You also assume there is enough resources for Indonesia to emerge and grow indefinitely. But that is simply not the case. Indonesia will be competing with China, Australia and India for resources and influence. There simply isn't enough to go around. There will be winners and losers. Europe has the advantage that it is already fully developed and has a firm grip on Africa, the Middle East, South America and even parts of Asia for cheap resources.

I have said before on PDF that it is impossible for China and India (the two largest countries in the world) to co-exist and emerge as superpowers. History shows us that two rivaling nations cannot co-existed side by side in a world with limited resources. One of us will eventually lose, but fortunately for me, China is currently winning. I am highly skeptical that India will ever emerge as an important global power on par with the US, China and the EU.

India will NOT emerge to become as important as US and China in any of our lifetimes. In fact India will NEVER be as powerful as US is now or China will be in 10-15 years from now IMO.

What India will become will be quite a bit more powerful than any single individual EU state that it need not treat them individually with much respect. It may take 20-25 years rather than 10-15 but it will happen. India's sheer size will allow it to walk over any large single EU state if they are not united as one block.

Your analogy between Japan and UK is laughable to say the least. UK still has the advantage of being in the EU and is allied with US. Japan has openly said that it's companies will leave the UK if the UK leaves EU. Why do you think that the euro-sceptic British have not left the EU ages ago?

Now no need to speak any further with you as you are not interested in listening and learning.

 

[shaheenmissile]

Compared to the 50 million a day we pay to the EU I would call it a bargain. And this tiny little island has an economy eight times larger than your own country.

and how many millions a day your Government pays to your own banks? Thats the tax money of people fed to the rich.
The figures will be far higher that what UK pays to EU. Your prime minister is a pampered millionair who is on the side of the rich and against poor. No wonder your country has about the same pot holes on the roads now as my country.
Was far better 15 years ago when i visited.I was shocked to see the state of the roads and how poor the people have become,during my latest visit.

 

[kaku1]

China is surely on the rise, but India's future is far from certain. Even by 2019, IMF forecasts place India with a considerably smaller economy than the UK!

I strongly disagree that the major EU nations will be irrelevant in world affairs within the next 10-15 years. For example, by 2019 the UK will be approaching a $4 trillion economy according to the IMF. That is only 5 years away. So imagine how large it will be 15 years away from now? Maybe $6 trillion? Also, the UK is forecast to eventually overtake Germany as Europe's largest economy in the next 15-20 years due to higher population growth and higher GDP growth. That doesn't look like an irrelevant country to me.

Canada and Australia are far smaller and weaker than the major EU countries, yet they do just fine without being in a Union like the EU. In fact, Australia and Canada are very active and influential on the world stage, and China considers Australia to be a major player and partner in the East Asia/Oceania region, both in terms of diplomatic matters, military balance and economics.

Britain, Germany and France are much larger, more powerful and more influential than Australia - so if Australia can hold its own in talks and agreements with China, then Britain or Germany surely can!

The rise of China is not somehow going to suddenly make European countries irrelevant. That is a silly notion.

Also, while China has already surpassed the major EU nations, the only other Asian county that might also do the same is India. No other Asian nation realistically has the potential to overshadow the major EU nations.

So 30 years from now, even if India does emerge as a major power, the Europeans are still going to be major powers too. GDP rankings would probably be something like:

US/China/EU
India
Japan
UK/Germany
France/Brazil
Russia
Rest of world

Russia will continue to lag behind the above nations if it continues to pursue its destructive foreign policy and over reliance on exporting fossil fuels.

where is Brazil, Indonesia and even Mexico.

 

[Ceonwulf]

India will NOT emerge to become as important as US and China in any of our lifetimes. In fact India will NEVER be as powerful as US is now or China will be in 10-15 years from now IMO.

What India will become will be quite a bit more powerful than any single individual EU state that it need not treat them individually with much respect. It may take 20-25 years rather than 10-15 but it will happen. India's sheer size will allow it to walk over any large single EU state if they are not united as one block.

Your analogy between Japan and UK is laughable to say the least. UK still has the advantage of being in the EU and is allied with US. Japan has openly said that it's companies will leave the UK if the UK leaves EU. Why do you think that the euro-sceptic British have not left the EU ages ago?

Now no need to speak any further with you as you are not interested in listening and learning.

No need to be so dismissive, as both of us agree on the core argument that the EU significantly enhances the influence and standing of the UK, Germany and France in global economic affairs.

Where me and you differ, however, is whether or not the major European powers would be irrelevant without the EU. You said in your first post that the UK would be irrelevant on the world stage without the EU. I simply suggest your notion is wrong and flawed as Australia is not a member of any larger political and economic union and yet they can hold their own just fine when it comes to bilateral talks with China. Therefore, I do not see the reason why the UK who is both significantly larger and more powerful than Australia cannot do the same!

I also disagree with your assertion that an India with a larger economy than the major EU states would automatically feel entitled to treat them with less respect. Indian relations are quite good with the west, and if I remember correctly, Western European nations are the largest source of FDI in India outside of the US. This FDI from Western European nations is expected to increase exponentially over the next few decades. Why then, would India jeopardize the second single largest source of FDI in its economy and highly lucrative trade? Remember, India is trying to lure business away from China and into India and it isn't going to achieve that by pushing countries with smaller economies around!

Japanese companies based in the UK rely on its free and unhindered access to the rest of the single market, so certainly, if the UK left the EU then Japanese companies would be forced to relocate to Berlin or Paris. It has nothing to do with 'respect'.

As you rightly put, while Britain is euro-sceptic it will remain in the EU, as the pros outweigh the cons. I already stated that I believe the UK will never leave the EU.

Anyway, if you do with to leave it there then as they say, "lets agree to disagree". Refreshing to chat with an intelligent guy for a change, enjoy the rest of your day! Good luck.

where is Brazil, Indonesia and even Mexico.

I believe I mentioned Brazil.

Indonesia and Mexico wont emerge in par with the other nations I mentioned. At least not in our lifetime.

 

[Azizam]

I wonder how British EU haters will feel if EU puts visa requirements on them to enter eurozone. No more cheap holidays and then they can shower their English love on each other while locked away on the tiny island

What difference would it make? You only will have to pay some amount of money for the VISA.

 

[hunter_hunted]

Queen will still be alive after watching this bill.