Generation Brexit

BREXIT FLASHPOINT: Cost of Brexit

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The amount Britain may have to pay if it wants to get a good Brexit deal are becoming clearer by the day. The latest sum to be discussed is 50 billion EUROS (£44 billion). The Prime Minister has been accused of selling the UK out over the deal.

Is the 50 billion Euro deal saving or sinking the UK? Tell us what you think here.

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The recent news on the Financial Times highlighted that "Britain has reached a historic deal on its EU exit terms, enshrining special rights for 4m citizens and paying €40bn to €60bn in a hard-fought Brexit divorce settlement that clears the way for trade talks next year." ( https://www.ft.com/content/4ebcc00e-dbd4-11e7-a039-c64b1c09b482 ) What are your guys' thoughts? In my view, it is a tremendous move that we should all be excited about!

Candice Zhang
by Candice Zhang
0 Votes
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Candice Zhang

 Editing atm

Authentic User
by Authentic User
0 Votes
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Authentic User
Idea thumbnail

From just after the victorious day in which the UK voted to leave the European Union (aka our Independence Day), Theresa May has assured the public that the UK, the massive country we are (used to be the superpower of the world, bear in mind) , would not be held to ransom by the EU over the divorce bill. Essentially, this 50 billion Euro deal is ridiculous - at least charge us in GBP for starters. If Theresa is uncomfortable about standing up and walking away from the table, she should...

Marcus Balakrishna
by Marcus Balakrishna
0 Votes
Comments 0
Marcus Balakrishna

The EU divorce bill is a ridiculous demand and should not be paid. It is predicated by the fact the UK owes financial commitments to the EU. This is despite it being a net contributor to the European project. With the UK providing 16% of the EU’s budget, and with no plans to slash spending on the part of the European Union (or even consider the UK leaving the EU in future projections), the UK should demand comprehensive trade talks before paying, instead of paying for the trade talks...

jamesh97
by jamesh97
1 Votes
Comments 0
jamesh97

I believe that the 50 billion Euro deal can save the UK because of two main reasons. First, it can provide market confidence- Once the investors know the price of Brexit, they can be sure that the UK will not be incurring extra costs for exiting the EU since it is unlikely for the EU to break the agreement and demand more from the UK. As certainty is achieved, the investors can come up with better strategies to invest in the UK. Secondly, the 50 billion Euro deal may seem painful at first...

Jasmin Tsang
by Jasmin Tsang
1 Votes
Comments 0
Jasmin Tsang

It is very useful to get an idea of the size of the UK government expenditure.  The total bill for 2016–17 is £772 billion. So if met over a single year it would be 6% of spending. Quite a chunk, about equivalent to our yearly defense budget. Of course it won’t be incurred over a single year it could easily be spread over ten years with a more manageable £5 billion a year or 0.6% of expenditure. It terms of our GDP its about a third of that or 0.2%. And thus, I think the 50b Euros is n...

Wei Jiet Lim
by Wei Jiet Lim
1 Votes
Comments 0
Wei Jiet Lim

As the Brexit negotiations continue, it is becoming evident that Britain will receive an outcome with the European Union that is not only worse off than before, but now may indeed harm the United Kingdom further than anticipated. The costs associated within the Brexit campaign were infamously emblazoned on the side of the 'Brexit Bus' - £350 million per week. The message held the implication that should Brexit go ahead, we would be able to fund our NHS further. But we are yet to receive...

Alex Selway
by Alex Selway
2 Votes
Comments 0
Alex Selway
Idea thumbnail

I wonder whether this extortionately high divorce payment is simply the EU trying to make Britain think really seriously once again about what it is about to do. Has it set its figure this high to act as a disincentive for the British government? Surely no state would commit to that large a sum of money going to an institution it is supposedly not on favour of, especially when there is so much good that could be done with that money at home (NHS, housing, education, environment, to name but...

Selina Swift
by Selina Swift
3 Votes
Comments 0
Selina Swift

 As Theresa May seeks to push for a “hard Brexit”, it seems that bilateral ties between the UK and China will strengthen as China continuously seeks to invest heavily in the UK market. Indeed the ‘Belt and Road’ initiative which forecasts a $2.5 trillion rise in global trade presents an unprecedented opportunity for the UK to strike trade agreements with China. This can already be seen via outbound investments in the M&A market between UK and China.  With regards to M&A, Dealogic...

Samuel Tee
by Samuel Tee
1 Votes
Comments 0
Samuel Tee

It seems as though the UK will need to pay considerably more than how much Theresa May would have initially liked. This therefore shows that the EU very much has the ball regarding the progression of negotiations. However, despite the increasing costs, it is fundamental the UK pay whatever is reasonably necessary in order to more rapidly advance transition deal negotiations. This is because many industries and key businesses such as financial institutions, due to the severe uncertainty of...

Abdul Milad
by Abdul Milad
1 Votes
Comments 0
Abdul Milad
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