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Hansy Flag 21 Nov 17 10.08am Send a Private Message to Hansy Add Hansy as a friend

Originally posted by CambridgeEagle

I know the government have been busy selling off most of our UK based assets, but I am aware we have some left. No sure what our assets in the UK have to do with the Brexit Bill.

As I understand it the EU had about €41bn of "tangible" assets at the end of 2015, mostly cash. There were also €56bn of loans, which are matched by liabilities so net out to zero, less any contingent liabilities. So €41bn divided by 28... Even if you weight it according to size it's not huge. And part of this is property. How do we get a share of that? Consider to that we decided to leave so are hardly in a strong position to make the EU "buy our share".

I agree that our share of cash and available for sale assets should be included. Shouldn't be particularly contentious.

EU based UK assets, as well as the UK's share of EU assets.

Do you have the breakdown of these tangible assets? i.e. where did you get these figures from? It will be interesting to see if it is similar to mine.

It certainly will be interesting to see whether they simply split assets 28 ways, or base it off the percentage EU states have invested.


Edited by Hansy (21 Nov 2017 10.11am)

 

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CambridgeEagle Flag Sydenham 21 Nov 17 10.26am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Hansy


So it wasn't because our debt and deficit were out of control?


No. Look at what Obama did in the US, or what Portugal have done recently. Deficit spending to alleviate the shock of the GFC, deficit went up to c.10% of GDP, then fell sharply once the economy had recovered from the worst of the shock.

Portugal's success of electing an anti-austerity government and it's impact on public finances should be a stark lesson.

 

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Hansy Flag 21 Nov 17 10.29am Send a Private Message to Hansy Add Hansy as a friend

Originally posted by CambridgeEagle


No. Look at what Obama did in the US, or what Portugal have done recently. Deficit spending to alleviate the shock of the GFC, deficit went up to c.10% of GDP, then fell sharply once the economy had recovered from the worst of the shock.

Portugal's success of electing an anti-austerity government and it's impact on public finances should be a stark lesson.

Yes, but that has always been the issue with both Labour and the Tories.

Labour spend and grow out of trouble. Tories cut.

Should be a middle ground in both imo.

 

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steeleye20 Flag Croydon 21 Nov 17 11.42am Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by Hansy

Yes, but that has always been the issue with both Labour and the Tories.

Labour spend and grow out of trouble. Tories cut.

Should be a middle ground in both imo.

'Labour spend and grow out of trouble. Tories cut'.

Ok the tories have cut relentlessly but not grown out of trouble fancy tricks in the budget won't disguise the reality IMO.


 

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Hansy Flag 21 Nov 17 11.57am Send a Private Message to Hansy Add Hansy as a friend

The economy has grown 1% in total so far this year...

 

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CambridgeEagle Flag Sydenham 21 Nov 17 12.17pm Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Hansy

The economy has grown 1% in total so far this year...

Bottom of the league

 

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Stirlingsays Flag 21 Nov 17 12.56pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by steeleye20

'Labour spend and grow out of trouble. Tories cut'.

Ok the tories have cut relentlessly but not grown out of trouble fancy tricks in the budget won't disguise the reality IMO.

Labour spent so much that there was no reserve available to cope with the financial crises.

You praise spending every penny.....I don't.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Stuk Flag Top half 21 Nov 17 2.52pm Send a Private Message to Stuk Add Stuk as a friend

Originally posted by Kermit8

er...The European Medicines Agency, the biggest loss, employs around 1,000, and the other, the banking bit, has between 100 and 200 staff.

Nothing to celebrate. That's 1,000 plus well paid jobs going out of the UK economy so others here who saw some of that dosh will suffer too from their move.

"Salaries are exempt from national tax."

They can gladly all sod off. And all the staff now automatically get a pay cut for the EU moving them.

 


Optimistic as ever

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croydon proud Flag Any european country i fancy! 21 Nov 17 2.55pm

Originally posted by CambridgeEagle

Bottom of the league

 

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Stuk Flag Top half 21 Nov 17 3.12pm Send a Private Message to Stuk Add Stuk as a friend

Originally posted by CambridgeEagle

Bottom of the league

Not even close. Above France, Germany, Belgium, Russia, Portugal, Finland, Italy, Norway, Switzerland and a whole load of others.

[Link]

 


Optimistic as ever

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steeleye20 Flag Croydon 21 Nov 17 3.14pm Send a Private Message to steeleye20 Add steeleye20 as a friend

There all the minuses of jobs local economy moving away to Amsterdam just an own goal by the UK with this re-location of the European medicines agency.

This was a Tory EU benefit from John Major I think.

Pharmaceutical companies make huge profits and are also huge investors so it follows that they will also be diverting their interests to the Netherlands.

 

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nickgusset Flag Shizzlehurst 21 Nov 17 3.56pm

Originally posted by steeleye20

There all the minuses of jobs local economy moving away to Amsterdam just an own goal by the UK with this re-location of the European medicines agency.

This was a Tory EU benefit from John Major I think.

Pharmaceutical companies make huge profits and are also huge investors so it follows that they will also be diverting their interests to the Netherlands.

Notwithstanding the fact that we have to fund our own medicines agency now rather than sharing the cost of it with partners.

 

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