The WTO

Sounds like the EU would be throwing a bit of a tantrum

alternatively, sounds like a spiteful GF

🤷🏻

Spiteful for sure, but justified tbh

How so?

We didn't honour our agreements

Which ones?

Why should we be treaded any differently?

WTO rules don't regulate or tax you. Pretty easy to make up the difference.

In regards to the 'divorce bill'

how so?

Currently as a member, we need to keep paying into the budget

There's the pensions which we will need to pay our end of

And, as I pointed out before, losing access to UK markets is a substantial hit to German GDP. Bearing in mind their already in negative bond yields.....

Well, the EU isn't Germany

Though the Germans have influence in it

https://www.bloomberg.com/news/articles/2019-06-11/germany-gets-a-recession-warning-as-investor-confidence-plunges
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Isn't the EU mostly funded by Germany?

It might be 20 percent of the budget?

Tops

Isn't Germany the largest economy in the EU?

True, but the EU is made up of more member states, with combined have more power than Germany

Here's some things we'll be forced to pay money for

https://obr.uk/docs/dlm_uploads/Fiscalrisksreport2019.pdf#page=172

Oh I agree that the EU can shiv Germany by taking punitive action against the UK. That's not going to change the economics of a recession in the largest economy....

True

There's quite a bit of speculation around either a global recession or a EU regional one

What did Thatcher say about the problems with socialism?

https://www.youtube.com/watch?v=okHGCz6xxiw

I meant the bit about running out of other people's money. In this case the German's. So if you don't have UK and Germany is in recession whose money pays the EU? France? I mean Poland has been kicking ass but I doubt they'll go for that...

Socialism works until your neighbors broke

I hope the EU doesnt impose punitive tarrifs on the UK after she leaves, that would be a monumental mistake imo, but we'll see

I personally see no reason for them and I doubt any of the countries surrounding the UK would find them a good idea either. The coming barriers of trade and the entire Brexit chaos will cause enough damages to all surrounding economies.🙁

@Jym a man of clarity!

```I meant the bit about running out of other people's money. In this case the German's. So if you don't have UK and Germany is in recession whose money pays the EU? France? I mean Poland has been kicking ass but I doubt they'll go for that...```

Well, I won't deny that the EU know it's economy is collapsing. In their desperate attempts to have more tariffs on countries like America and the UK. It's going to get messy!

Right now France has high employment let's see if that's false jobs, like zero hour contracts which tire the people. By the way if you have all of these kinds of contracts it's always low wage earners whom suffer.

Well I mean I thought the Eu was a stupid idea from go. Outside Brexit I already assumed it would fail.

Thatcher seems like a cool grandma that would give you lots of money for icecream and candy, but only after you clean her house spotless from top to bottom.

Which would not actually be that hard, since it's already pretty clean as it is.

You know nothing about her economic policies. Look up 'the Poll Tax'.

I really despised the way thatcher stole my milk! But I loved the fact that I was not going to be spanked anymore at school.