Current Affairs EU In or Out

[peteblue]

What's to stop us trading Worldwide now like?

Why is it all of sudden a new opportunity?

Probably the same thing that you all say will stop Germany and France etc doing a deal with the UK once we are out of the Eu..........

You were going to tell me what type of business you run......

 

[hullefc]

At least get the numbers right.....

In 2015 the UK government paid £13 billion to the EU budget, and EU spending on the UK was £4.5 billion. So the UK’s ‘net contribution’ was estimated at about £8.5 billion.

Here is how you work it out.

European Union Finances 2015: statement on the 2015 EU Budget and measures to counter fraud and financial mismanagement

This shows the UK contributions to the EU budget.

It says in 2105 the gross payment was £17.7 billion. Which includes the Gross National Income payment ( depends how rich a country is) £13 billion, plus VAT = £2.3 billion and a thing called TOR £2.4 billion.

TOR - Traditional Own Resources payments - which is another word for custom duties/tariffs imposed on goods imported into the EU- TOR payments at 75 per cent to the EU. The remaining 25 per cent is retained by the UK to cover the costs of administering collection on behalf of the EU. This amounts £2.4 billion to the EU and the UK keeps £800 million. As this is paid by those exporting into the EU/UK it is not an expense on the UK treasury.

That means the figure is £17.7 - £3.2 (TOR payment)= £14.5 billion includes VAT payment.

The UK gets a rebate - "the estimated value of the UK’s rebate in 2015 is €5.6 billion (£4.4 billion)" £14.5 billion - £4.4 billion = £10.1 billion.

"UK public sector receipts in 2015, mainly from the European Agricultural Guarantee (EAGF), European Agricultural Fund for Rural Development (EAFRD) and the Social and Regional Development Funds, are expected to be around £4.4 billion. The majority of these receipts will either be paid to, or used in support of, the private sector but are channelled through government departments or agencies".

£10.1 billion minus this £4.4 = £5.7 billion.

"The EU makes some payments directly to the private sector, for example to carry out research activities. These payments do not appear in the public sector’s accounts. It is estimated that in 2013, these receipts were worth £1.4 billion. These payments are not included in Tables 3.A or 3.C-F, which provide data on public sector receipts only.

So that is £5.7 billion minus £1.4 billion = £4.3 billion.

The UK could decide to reduce the VAT or it could add it to is coffers which would mean that the money saved by not being in the EU is £4.3 billion plus £2.5 billion VAT = £6.8 billion per year.

 

[Foot Long Hot Dog]

Probably the same thing that you all say will stop Germany and France etc doing a deal with the UK once we are out of the Eu..........

You were going to tell me what type of business you run......

That makes no sense.

...and no I wasn't, hence the reason I never replied

 

[Joey66]

Here is how you work it out.

European Union Finances 2015: statement on the 2015 EU Budget and measures to counter fraud and financial mismanagement

This shows the UK contributions to the EU budget.

It says in 2105 the gross payment was £17.7 billion. Which includes the Gross National Income payment ( depends how rich a country is) £13 billion, plus VAT = £2.3 billion and a thing called TOR £2.4 billion.

TOR - Traditional Own Resources payments - which is another word for custom duties/tariffs imposed on goods imported into the EU- TOR payments at 75 per cent to the EU. The remaining 25 per cent is retained by the UK to cover the costs of administering collection on behalf of the EU. This amounts £2.4 billion to the EU and the UK keeps £800 million. As this is paid by those exporting into the EU/UK it is not an expense on the UK treasury.

That means the figure is £17.7 - £3.2 (TOR payment)= £14.5 billion includes VAT payment.

The UK gets a rebate - "the estimated value of the UK’s rebate in 2015 is €5.6 billion (£4.4 billion)" £14.5 billion - £4.4 billion = £10.1 billion.

"UK public sector receipts in 2015, mainly from the European Agricultural Guarantee (EAGF), European Agricultural Fund for Rural Development (EAFRD) and the Social and Regional Development Funds, are expected to be around £4.4 billion. The majority of these receipts will either be paid to, or used in support of, the private sector but are channelled through government departments or agencies".

£10.1 billion minus this £4.4 = £5.7 billion.

"The EU makes some payments directly to the private sector, for example to carry out research activities. These payments do not appear in the public sector’s accounts. It is estimated that in 2013, these receipts were worth £1.4 billion. These payments are not included in Tables 3.A or 3.C-F, which provide data on public sector receipts only.

So that is £5.7 billion minus £1.4 billion = £4.3 billion.

The UK could decide to reduce the VAT or it could add it to is coffers which would mean that the money saved by not being in the EU is £4.3 billion plus £2.5 billion VAT = £6.8 billion per year.

Play with the figures all you want we are out of the red tape, domination of the EU a club that really hates us!

 

[Pienaar's gloves]

How about that article that I posted for you?

@Joey66?

 

[Joey66]

@Joey66?

How about the chart that shows us 8.5 billion worse of every year
In a club that you love the EU accept one fact we will be OUT of it in approximately 3 years time!

 

[peteblue]

That makes no sense.

...and no I wasn't, hence the reason I never replied

Sorry, wasn't intending to use it as a means of suggesting that you won't actually be affected, but I might have been able to put you in touch with people who might have made up any shortfall......but let's forget it......

 

[Pienaar's gloves]

How about the chart that shows us 8.5 billion worse of every year
In a club that you love the EU accept one fact we will be OUT of it in approximately 3 years time!

Not answering the point and deflecting lacks credibility.

 

[Joey66]

Here is how you work it out.

European Union Finances 2015: statement on the 2015 EU Budget and measures to counter fraud and financial mismanagement

This shows the UK contributions to the EU budget.

It says in 2105 the gross payment was £17.7 billion. Which includes the Gross National Income payment ( depends how rich a country is) £13 billion, plus VAT = £2.3 billion and a thing called TOR £2.4 billion.

TOR - Traditional Own Resources payments - which is another word for custom duties/tariffs imposed on goods imported into the EU- TOR payments at 75 per cent to the EU. The remaining 25 per cent is retained by the UK to cover the costs of administering collection on behalf of the EU. This amounts £2.4 billion to the EU and the UK keeps £800 million. As this is paid by those exporting into the EU/UK it is not an expense on the UK treasury.

That means the figure is £17.7 - £3.2 (TOR payment)= £14.5 billion includes VAT payment.

The UK gets a rebate - "the estimated value of the UK’s rebate in 2015 is €5.6 billion (£4.4 billion)" £14.5 billion - £4.4 billion = £10.1 billion.

"UK public sector receipts in 2015, mainly from the European Agricultural Guarantee (EAGF), European Agricultural Fund for Rural Development (EAFRD) and the Social and Regional Development Funds, are expected to be around £4.4 billion. The majority of these receipts will either be paid to, or used in support of, the private sector but are channelled through government departments or agencies".

£10.1 billion minus this £4.4 = £5.7 billion.

"The EU makes some payments directly to the private sector, for example to carry out research activities. These payments do not appear in the public sector’s accounts. It is estimated that in 2013, these receipts were worth £1.4 billion. These payments are not included in Tables 3.A or 3.C-F, which provide data on public sector receipts only.

So that is £5.7 billion minus £1.4 billion = £4.3 billion.

The UK could decide to reduce the VAT or it could add it to is coffers which would mean that the money saved by not being in the EU is £4.3 billion plus £2.5 billion VAT = £6.8 billion per year.

Any figures on how much it cost us on immigration for housing benefit, tax credits, and child tax credit from the EU?

 

[hullefc]

Play with the figures all you want we are out of the red tape, domination of the EU a club that really hates us!

Joey, I am not playing with figures but showing how much the UK actually pays to the EU. There will be red tape with any trade deal the UK strikes with any country.

 

[hullefc]

Any figures on how much it cost us on immigration for housing benefit, tax credits, and child tax credit from the EU?

A lot but not as much as immigrants pay in council tax, income tax and national insurance contributions. And allow the government to claim there are record numbers in employment.

 

[peteblue]

Here is how you work it out.

European Union Finances 2015: statement on the 2015 EU Budget and measures to counter fraud and financial mismanagement

This shows the UK contributions to the EU budget.

It says in 2105 the gross payment was £17.7 billion. Which includes the Gross National Income payment ( depends how rich a country is) £13 billion, plus VAT = £2.3 billion and a thing called TOR £2.4 billion.

TOR - Traditional Own Resources payments - which is another word for custom duties/tariffs imposed on goods imported into the EU- TOR payments at 75 per cent to the EU. The remaining 25 per cent is retained by the UK to cover the costs of administering collection on behalf of the EU. This amounts £2.4 billion to the EU and the UK keeps £800 million. As this is paid by those exporting into the EU/UK it is not an expense on the UK treasury.

That means the figure is £17.7 - £3.2 (TOR payment)= £14.5 billion includes VAT payment.

The UK gets a rebate - "the estimated value of the UK’s rebate in 2015 is €5.6 billion (£4.4 billion)" £14.5 billion - £4.4 billion = £10.1 billion.

"UK public sector receipts in 2015, mainly from the European Agricultural Guarantee (EAGF), European Agricultural Fund for Rural Development (EAFRD) and the Social and Regional Development Funds, are expected to be around £4.4 billion. The majority of these receipts will either be paid to, or used in support of, the private sector but are channelled through government departments or agencies".

£10.1 billion minus this £4.4 = £5.7 billion.

"The EU makes some payments directly to the private sector, for example to carry out research activities. These payments do not appear in the public sector’s accounts. It is estimated that in 2013, these receipts were worth £1.4 billion. These payments are not included in Tables 3.A or 3.C-F, which provide data on public sector receipts only.

So that is £5.7 billion minus £1.4 billion = £4.3 billion.

The UK could decide to reduce the VAT or it could add it to is coffers which would mean that the money saved by not being in the EU is £4.3 billion plus £2.5 billion VAT = £6.8 billion per year.

So we could just keep the £10.1 Bn and distribute as we wish.....even better than we thought......

 

[hullefc]

So we could just keep the £10.1 Bn and distribute as we wish.....even better than we thought......

The amount of money that goes from the UK exchequer to the EU is £4.3 billion plus VAT £2.5 billion = £6.8 billion. Not £10.1 billion.

 

[The Esk]

It's worth remembering that the £8.4 billion contribution generates £73 billion worth of economic activity in the UK per annum which makes it a pretty good investment.

 

[ilikecheese]

It's worth remembering that the £8.4 billion contribution generates £73 billion worth of economic activity in the UK per annum which makes it a pretty good investment.

I don't know how anyone can see past this.