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6/8/19
(Reuters) - Boris Johnson, the leading candidate to succeed Theresa May as Britain’s next prime minister, said he would withhold a previously agreed 39 billion pound ($50 billion) Brexit payment until the European Union gives Britain better exit terms. The EU has repeatedly said it will not reopen discussion of the Brexit transition deal it reached with May last year, which British lawmakers have rejected three times, prompting May to announce her resignation earlier this month. May stepped down as leader of the governing Conservatives on Friday. Johnson, a former foreign secretary in May’s cabinet, is popular with ordinary Conservative Party members, who will decide between the two candidates who come top in a series of votes by Conservative lawmakers over the coming weeks. “I always thought it was extraordinary that we should agree to write that entire cheque before having a final deal. In getting a good deal, money is a great solvent and a great lubricant,” Johnson told the Sunday Times.
Britain is due to leave the EU on Oct. 31. If Parliament does not approve a deal - and the government does not ask the EU for another delay - there risks being major economic disruption from a disorderly departure. The 39 billion pounds represents outstanding British liabilities to the EU, which would be paid over a number of years according to the withdrawal agreement negotiated by May. Johnson also said border arrangements with Ireland should be settled only as part of a long-term agreement, rejecting a “backstop” which would avoid checks on Northern Ireland’s border but which Conservative lawmakers fear is a backdoor way of requiring Britain to continue to follow EU rules after Brexit. The EU has said guarantees to keep the border open between Ireland and Northern Ireland are an essential part of the transition agreement. Separately, one of Johnson’s rivals, environment minister Michael Gove, said he would scrap the value-added tax (VAT) levied on most goods and services and replace it with a lower U.S.-style sales tax.
UK’s Johnson threatens to withhold $50 billion Brexit payment
Sounds like BoJo took a few courses at the Donald J. Trump School of Transactional Diplomacy.
No !Good for him ... and Britain.
No!I'd like to know what the "39 billion pounds represents outstanding British liabilities to the EU" is.
Is that a sort of EU membership fee ...
If you need to have matters explained to you, you profess your ignorance.I dont see the problem here. Care to explain?
Good way of tanking the UK's future credit rating, not to mention scuttling any future co-operation with the (still) second largest economy in the world.
Where the scheme seems idiotic, one should realize that BoJo is not really an idiot. Merely a blatant liar who is playing to the idiot gallery of those that have wet dreams over this approach.
It's not a good thing for anyone at all and BoJo isn't going to do what he says anyway. For one thing he's not going to be allowed and, as I said, not being the idiot many like to make him out as being, he knows this. For another, the disastrous consequences of the UK tanking obligations it has agreed to, are known to him just as much.Well, as long as he delivers brexit, who cares if he wants to act like an idiot? Should only be a good thing for remainers, someone who is "playing the idiot" is sure to drive people to the other side.
It's not a good thing for anyone at all and BoJo isn't going to do what he says anyway. For one thing he's not going to be allowed and, as I said, not being the idiot many like to make him out as being, he knows this. For another, the disastrous consequences of the UK tanking obligations it has agreed to, are known to him just as much.
If you need to have matters explained to you, you profess your ignorance.
If you need to have matters explained to you, you profess your ignorance.
Where that is a good approach of itself, it precludes you from seeing (or not seeing) anything at all.
Well known on the domestic scene. Now also displayed regarding foreign topics.
Well, as long as he delivers brexit, who cares if he wants to act like an idiot? Should only be a good thing for remainers, someone who is "playing the idiot" is sure to drive people to the other side.
Not really sure what BoJo's end game is, unless it's just about playing games (something he truly loves).indeed, it seems Farage may become prime minister before Boris does.
For one thing it's late afternoon over here, for another, if you state not seeing any problem on the one hand while professing your ignorance over the issue on the other, what's the point of discussing anything with you at all?Wow. Someones a bit snottier than normal this morning. Perhaps you logged in here by mistake. This is a debate/discussion forum. Obviously, you are not up to answering the question I posed--which wasnt addressed to you anyway--so perhaps you might take your trolling elsewhere.
The problem is that Brexit without a trade deal will be extremely disruptive for both sides.
Yes, some people are jerks all day long. And if you dont want to discuss things with me, then dont. I wasnt looking for your opinion in the first place.For one thing it's late afternoon over here, for another, if you state not seeing any problem on the one hand while professing your ignorance over the issue on the other, what's the point of discussing anything with you at all?
Where was it discussed 'at length?'Seeing how the problem has been explained at length already, maybe it's you that logged into here by mistake and maybe it's thus also you who needs to get on top of some own projection issues.
What gets lost in the whole hype from all sides is that the divorce on the one hand and future relations on the other, are two separate issues altogether.The problem is that Brexit without a trade deal will be extremely disruptive for both sides.
...and that (bolded by me) is how more and more East of the Channel are seeing it as well.More disrupting than the uncertainty of whether or the UK is going to leave? At least if it's without a trade deal, the market will be quick to price in the consequences, and the UK government can quickly see where the deficit lies and conclude new trade deals individually to make up for the losses. This uncertainty doesn't do anyone any good.
already accounted for in the current deal or will be accounted forThe EU also owes the UK,
Nopeso this is a shrewd move by Boris-
Nope.it will force the EU bureaucrats to the bargaining table.
More disrupting than the uncertainty of whether or the UK is going to leave? At least if it's without a trade deal, the market will be quick to price in the consequences, and the UK government can quickly see where the deficit lies and conclude new trade deals individually to make up for the losses. This uncertainty doesn't do anyone any good.
The EU also owes the UK, so this is a shrewd move by Boris- it will force the EU bureaucrats to the bargaining table.
I think it is time for the Queen to step in and dissolve parliament and call new elections. Why? Boris and Co are planning a coup. They want the Queen to put parliament in recess until after Brexit date, to force a hard Brexit. By putting Parliament in recess, the new Conservative PM can avoid having a vote of no confidence against him/her and being forced into an election before October and Brexit....
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