Hello and hi. Dear readers-for your eyes only (James Bond reference) I am about to tell you the latest BREXIT news. Oh and please know that ‘woot woot’ is just the American version of how Brits say ‘Hurrah!’ or ‘Hip hip Hooray.’ I just wanted to make that clarification. So, let’s get on with the getting on. So, this happened…
So, BREXIT. Trust you know all about it. Please tell me you do or we simply can’t be friends. So BREXIT is still very much in our political, economical and social ether-here in the UK. In other words, we are deluged with BREXIT news all the bloody time…and guess what…the government shall continue to discuss it until 2020. Because 2020 is when we actually leave the EU…or simply put, when we actually ‘Brexit’.
However, the UK could in fact exit the EU without paying anything-if there is no post-Brexit deal. The government would be in a pretty strong legal position if the 2 year Article 50 talks ended with no deal-according to the Lords EU Financial Affairs Committee. Yes.
Wait. What? So, check it-the Lords are now reviewing and chewing over Brexit (remember it was previously in the House of Commons, before that.. the UK Supreme Court-THANKS GINA MILLER, and now the Brexit proceedings appears to be under review in the House of Lords…with those terribly smart unelected peers who make up the government but rule mightily over us).
So, Brexit and any subsequent amendments is currently being looked over by The House of Lords. Do you now see why this process is taking so long? Oh my goodness gracious me. So, now the Lords EU Financial Affairs Committee has gotten involved and saying how the UK could exit the EU without paying anything if there is no post-Brexit deal (as I mentioned earlier). You see, leaving the EU, many have likened the process to an amicable divorce. Further, it has been reported that the EU may demand a ‘divorce bill’ of up to £52bn. Wait. What? The EU needs to back up-or as the London slang goes: ‘jog on, mate’ which means: ‘get lost!’ So, the UK is leaving and we have to pay to leave? Erm…nope. Jog on, mate.
So, the cross-party committee (within the House of Lords) indicated that billions in pounds of liabilities was “hugely speculative” and there was a case that there may be no upfront cost to leaving. Essentially, in lay terms…the UK is leaving the EU club and some are saying in order to leave the club-you need to pay leaving fees. Uggh. I can’t even with this. Let us just BREXIT already-and why wait until 2020?
The committee later added (and it was far more eloquent than how I described it)…but they said the following:
- “Although there are competing interpretations, we conclude that if agreement is not reached, all EU law – including provisions concerning ongoing financial contributions and machinery for adjudication – will cease to apply, and the UK would be subject to no enforceable obligation to make any financial contribution at all,“
- “This would be undesirable for the remaining member states, who would have to decide how to plug the hole in the budget created by the UK’s exit without any kind of transition…It would also damage the prospects of reaching friendly agreement on other issues.
- And later they ended with…and this is actually the crux of it (so please read): “Nonetheless, the ultimate possibility of the UK walking away from negotiations without incurring financial commitments provides an important context.
The peers said that some member states could in fact take legal action against the UK for any outstanding liabilities-but that it was pretty ‘questionable’ whether any international court could have jurisdiction. This was confirmed by Baroness Falkner of Margravine who also added:
“Even though we consider that the UK will not be legally obliged to pay into the EU budget after Brexit, the issue will be a prominent factor in withdrawal negotiations…the government will have to set the financial and political costs of making such payments against potential gains from other elements of the negotiations.”
So, that is where we are. Is the UK required to pay to leave the EU? Is the UK legally obliged to do so? I have no idea. And guess what-no one else does either. But I do know this…I am ready to BREXIT. Enough already.
One last thing, thanks for reading yet another BREXIT post. That is all.