Forum Message

Topic: Re:Re:Re:Re:Re:Brexit at the golf club
Posted by: Andy Jones
Date/Time: 20/11/17 17:37:00

There is a fund to pay EU pensions but, like most funds here in the UK low interest rates has led to a fall in the actuarial value leading to an underfunding. The amount is a fraction of the underfunding of both state and private sector pensions in the UK. 

It isn't in dispute that we have to pay our share of the shortfall but the discount rate used to calculate how much it is hasn't been decided. Working out the present day cost of future liabilities is fiendishly complex but I have not heard it being claimed that the discount rates being proposed by the EU are unreasonable.

The problem is that a caucus of Tory MPs are not going to accept much more than the E20 billion mentioned by Theresa May in her Florence speech. Our own expert negotiators would accept that the final number should be in the E40-50 million range based on internationally recognised principles and the EU is unlikely to err on the side of generosity as the rates used will establish a precedent should another country decide to leave. The agreed sum also has to be ratified by the 27 remaining members.

Gove and Johnson want to make the 'divorce' payment a red line but they are doing so for entirely party political reasons. It may be that they will cheerfully see the talks break down over the issue or it may simply be that they don't understand or care that grandstanding over the exit bill is a short cut to no deal. They just want Theresa May out.

Assuming there isn't a full blown economic crisis should this happen the problem won't end there. Theresa May's government remains dependent on the DUP and although they are notionally a Brexit party they are not going to accept the hard border that would necessarily follow no deal.  The Conservatives would lose their majority in parliament even assuming that 'the mutineers' continue to vote with the party in a 'no deal' scenario. Remember David Davis has said that parliament will get a vote on the deal which necessarily includes a lack of a deal. It seems extremely unlikely that 'no deal' would get through parliament.

Quite how this all gets resolved is unclear. Another election seems inevitable and with the economy deteriorating and likely to suffer more if 'no deal' becomes a probability the Tories main weapon against Corbyn, his perceived economic ineptitude, becomes less potent. It is hard to tell people your opponent will screw up the economy if you are doing it yourself.


Entire Thread
TopicDate PostedPosted By
Brexit28/08/17 16:16:00 Graham Weeks
   Re:Brexit28/08/17 17:13:00 Andy Jones
      Re:Re:Brexit29/08/17 02:27:00 Graham Weeks
         Re:Re:Re:Brexit29/08/17 10:21:00 Andy Jones
            Re:Re:Re:Re:Brexit29/08/17 10:52:00 Penelope Crocker
               Re:Re:Re:Re:Re:Brexit29/08/17 15:11:00 Graham Weeks
                  Re:Re:Re:Re:Re:Re:Brexit29/08/17 15:35:00 Penelope Crocker
                     Re:Re:Re:Re:Re:Re:Re:Brexit29/08/17 15:43:00 Graham Weeks
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit29/08/17 18:55:00 Helena Cavanagh
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 08:23:00 Paul James
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 09:40:00 Graham Weeks
         Re:Re:Re:Brexit30/08/17 19:06:00 Libby Kemp
            Re:Re:Re:Re:Brexit30/08/17 22:44:00 Graham Weeks
   Re:Brexit30/08/17 10:55:00 Peter Chadburn
      Re:Re:Brexit30/08/17 12:20:00 Andy Jones
         Re:Re:Re:Brexit30/08/17 12:37:00 Peter Chadburn
            Re:Re:Re:Re:Brexit31/08/17 15:58:00 Andy Jones
   Re:Brexit30/08/17 22:30:00 Peter Yale
      Re:Re:Brexit31/08/17 10:49:00 Penelope Crocker
         Re:Re:Re:Brexit31/08/17 14:17:00 Andy Jones
            Re:Re:Re:Re:Brexit31/08/17 14:37:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit31/08/17 15:06:00 Andy Jones
            Re:Re:Re:Re:Brexit31/08/17 20:01:00 Vlod Barchuk
               Re:Re:Re:Re:Re:Brexit01/09/17 09:44:00 Andy Jones
                  Re:Re:Re:Re:Re:Re:Brexit01/09/17 11:11:00 Vlod Barchuk
                     Re:Re:Re:Re:Re:Re:Re:Brexit01/09/17 14:40:00 Andy Jones
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit01/09/17 16:30:00 Peter Chadburn
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 20:54:00 Vlod Barchuk
         Re:Re:Re:Brexit31/08/17 14:28:00 Graham Weeks
            Re:Re:Re:Re:Brexit31/08/17 16:00:00 Peter Chadburn
            Re:Re:Re:Re:Brexit01/09/17 09:57:00 Keith Iddon
               Re:Re:Re:Re:Re:Brexit03/09/17 09:09:00 Tricia Arbuthnot
                  Re:Re:Re:Re:Re:Re:Brexit04/09/17 06:16:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit09/09/17 17:34:00 Peter Yale
                  Re:Re:Re:Re:Re:Re:Brexit04/09/17 07:35:00 Keith Iddon
                     Re:Re:Re:Re:Re:Re:Re:Brexit04/09/17 08:33:00 Andy Jones
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/09/17 14:33:00 Graham Weeks
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 06:17:00 Andy Jones
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit06/09/17 05:30:00 Graham Weeks
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit06/09/17 12:36:00 Peter Chadburn
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit07/09/17 10:43:00 Andy Jones
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit07/09/17 11:12:00 Peter Chadburn
   Re:Brexit01/09/17 09:58:00 Tony Wood
   Re:Brexit05/09/17 08:25:00 Paul James
   Re:Brexit07/09/17 15:05:00 Brian Conneller
      Re:Re:Brexit07/09/17 16:04:00 Penelope Crocker
         Re:Re:Re:Brexit08/09/17 16:02:00 Brian Conneller
            Re:Re:Re:Re:Brexit08/09/17 18:13:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit11/09/17 08:18:00 Andy Jones
                  Re:Re:Re:Re:Re:Re:Brexit11/09/17 10:03:00 Penelope Crocker
                     Re:Re:Re:Re:Re:Re:Re:Brexit12/09/17 08:36:00 Helena Cavanagh
                  Re:Re:Re:Re:Re:Re:Brexit13/09/17 08:10:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 09:30:00 Peter Chadburn
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 10:54:00 Keith Iddon
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 11:28:00 Graham Weeks
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 13:33:00 Peter Chadburn
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 13:56:00 Penelope Crocker
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 14:29:00 Keith Iddon
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 14:53:00 Penelope Crocker
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 15:02:00 Bob Little
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 15:05:00 Penelope Crocker
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 17:28:00 Keith Iddon
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 09:54:00 Brian Davis
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 11:38:00 Andy Jones
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 14:49:00 Penelope Crocker
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit15/09/17 18:26:00 Vlod Barchuk
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 07:38:00 Andy Jones
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 09:34:00 Keith Iddon
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 10:46:00 Martin C. Harris
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 11:07:00 Graham Weeks
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 14:29:00 Keith Iddon
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 14:29:00 Keith Iddon
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 18:06:00 Vlod Barchuk
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/09/17 13:32:00 Andy Jones
                                                            Ever closer union?17/09/17 15:59:00 Keith Iddon
                                                               Re:Ever closer union?18/09/17 09:28:00 Andy Jones
                                                                  Re:Re:Ever closer union?18/09/17 09:50:00 Keith Iddon
                                                                  Re:Re:Ever closer union?18/09/17 10:10:00 Graham Weeks
                                                                     Re:Re:Re:Ever closer union?18/09/17 11:08:00 Tricia Arbuthnot
                                                                        Re:Re:Re:Re:Ever closer union?18/09/17 13:09:00 Keith Iddon
                                                                        Re:Re:Re:Re:Ever closer union?18/09/17 13:58:00 Graham Weeks
                                                                           Re:Re:Re:Re:Re:Ever closer union?18/09/17 16:07:00 Paul Corcoran
                                                                              Re:Re:Re:Re:Re:Re:Ever closer union?19/09/17 08:38:00 Andy Jones
                                                                                 The debate in four views20/09/17 09:10:00 Graham Weeks
                                                                                    Re:The debate in four views20/09/17 10:02:00 Lee Page
                                                                                       Re:Re:The debate in four views20/09/17 15:51:00 Graham Weeks
                                                                        Re:Re:Re:Re:Ever closer union?20/09/17 16:27:00 Vlod Barchuk
                                                                           Re:Re:Re:Re:Re:Ever closer union?20/09/17 16:48:00 Graham Weeks
                                                                              Re:Re:Re:Re:Re:Re:Ever closer union?21/09/17 10:21:00 Andy Jones
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 11:57:00 Judith Jaafar
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 12:09:00 Graham Weeks
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 12:14:00 Peter Chadburn
   Projections for 'No Deal'15/10/17 17:40:00 Andy Jones
      Re:Projections for 'No Deal'15/10/17 22:42:00 Philippa Bond
         Re:Re:Projections for 'No Deal'16/10/17 07:17:00 Andy Jones
            Re:Re:Re:Projections for 'No Deal'16/10/17 09:27:00 Penelope Crocker
               Re:Re:Re:Re:Projections for 'No Deal'16/10/17 17:39:00 Philippa Bond
   Re:Brexit19/10/17 10:17:00 Nick Foote
      Re:Re:Brexit19/10/17 21:24:00 Susan Rowe
         Re:Re:Re:Brexit20/10/17 20:25:00 Andy Jones
            Re:Re:Re:Re:Brexit21/10/17 09:48:00 Helena Cavanagh
               Re:Re:Re:Re:Re:Brexit02/11/17 08:21:00 Graham Weeks
                  Re:Re:Re:Re:Re:Re:Brexit02/11/17 08:50:00 Tricia Arbuthnot
                     Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 09:46:00 Penelope Crocker
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 15:44:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 12:29:00 Graham Weeks
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 15:00:00 Andy Jones
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 16:04:00 Graham Weeks
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit03/11/17 11:00:00 Helena Cavanagh
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit03/11/17 12:25:00 Penelope Crocker
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/11/17 06:08:00 Graham Weeks
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/11/17 06:10:00 Graham Weeks
                                          Brexit at the golf club17/11/17 06:11:00 Graham Weeks
                                             Re:Brexit at the golf club17/11/17 07:14:00 Keith Iddon
                                                Re:Re:Brexit at the golf club17/11/17 07:47:00 Graham Weeks
                                                   Re:Re:Re:Brexit at the golf club17/11/17 08:10:00 Keith Iddon
                                                Re:Re:Brexit at the golf club17/11/17 16:26:00 Paul James
                                             Re:Brexit at the golf club17/11/17 16:25:00 Paul James
                                                Re:Re:Brexit at the golf club17/11/17 16:48:00 Keith Iddon
                                                   Re:Re:Re:Brexit at the golf club20/11/17 09:41:00 Tricia Arbuthnot
                                                      Re:Re:Re:Re:Brexit at the golf club20/11/17 09:56:00 Graham Weeks
                                                         Re:Re:Re:Re:Re:Brexit at the golf club20/11/17 17:37:00 Andy Jones
                                                            Re:Re:Re:Re:Re:Re:Brexit 24/11/17 16:57:00 Graham Weeks
                                                               Why is EU Immigration Rising?29/11/17 07:53:00 Andy Jones
                                                               Re:Re:Re:Re:Re:Re:Re:Brexit 05/12/17 16:49:00 Graham Weeks
                                                                  Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 11:25:00 Penelope Crocker
                                                                     Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 12:52:00 Graham Weeks
                                                                        Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 13:42:00 Andy Jones
                                                                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 14:58:00 Graham Weeks
                                                                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 07/12/17 09:21:00 Andy Jones
                                                                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 08/12/17 20:56:00 Graham Weeks
                                                                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 08/12/17 22:08:00 Penelope Crocker
                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 09/12/17 05:05:00 Graham Weeks
                                                                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 10/12/17 04:25:00 Graham Weeks
                                                                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 11/12/17 21:18:00 Graham Weeks
                                                                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 11/12/17 22:28:00 Penelope Crocker
                                                                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 12/12/17 05:22:00 Graham Weeks
                                                                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 12/12/17 21:14:00 Graham Weeks
                                                                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 13/12/17 08:26:00 Penelope Crocker
                                                                                                            Re: Brexit 14/12/17 16:33:00 Susan Rowe
                                                                                                               Re:Re: Brexit 14/12/17 16:47:00 Penelope Crocker
                                                                                                                  Re:Re:Re: Brexit 14/12/17 17:00:00 Leslie Bailey
                                                                                                                     Re:Re:Re:Re: Brexit 14/12/17 17:23:00 Penelope Crocker
                                                                                                                        Re:Re:Re:Re:Re: Brexit 14/12/17 18:24:00 Graham Weeks
                                                                                                                           Re:Re:Re:Re:Re:Re: Brexit 29/12/17 10:48:00 Graham Weeks
                                                                                                                              Re:Re:Re:Re:Re:Re:Re: Brexit 29/12/17 15:23:00 Penelope Crocker
                                                                                                                                 Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 12:58:00 Graham Weeks
                                                                                                                                    Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 13:06:00 Peter Chadburn
                                                                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 13:18:00 Penelope Crocker
                                                                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 14:28:00 Graham Weeks
                                                                                                                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 15:05:00 Peter Chadburn
                                                                                                                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 22/01/18 13:57:00 Graham Weeks
   Re:Brexit17/03/18 08:14:00 Graham Weeks
      Re:Re:Brexit17/03/18 19:33:00 Graham Weeks
         Re:Re:Re:Brexit18/03/18 12:06:00 Philippa Bond
            Re:Re:Re:Re:Brexit18/03/18 13:32:00 Andy Jones
               Re:Re:Re:Re:Re:Brexit19/03/18 08:02:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit19/03/18 17:41:00 Peter Chadburn

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