Britain, which has been paying billions into the EU for decades, is now facing a rising blackmail bill as it seeks to exit the over-centralised bureaucratic transnational monstrosity.
Now it has been revealed by the Office For Budget Responsibility (OBR), a government body set up to provide accurate financial data, that Britain will have to pay at least another ?28 billion to Brussels in the two years AFTER it has officially left the EU in March 2019.
This is because British Prime Minister Theresa May has offered to pay into the EU Budget annually until its current funding period ends in 2021. This means that Britain will be paying into the EU budget in 2020 and 2021, years in which it will be OUTSIDE!!!! the EU and unable to receive any of the meagre benefits of membership.
The OBR has estimated the costs as ?13.8 billion in 2019/20 and ?14 billion in 2020/21.
This ?28 billion figure is also just an initial offer and does not include extra money demanded by the EU to start trade talks. This is thought to be another ?20 billion. EU head Jean-Claude Juncker likened the trade talks demand to buying a round of drinks for everyone:
"If you are sitting in a bar and ordering 28 beers and then suddenly one of your colleagues is leaving and is not paying, that is not feasible. They have to pay."
The soaring Brexit bill, which is now near ?50 billion and set to rise means that the UK government will have to find more money by cutting even more services for the British public, something that will push down the popularity of May's Conservative government and practically ensure a period of Labour rule under the extreme Leftist Jeremy Corbyn.
But just why is the UK being so weak against the EU? After all, this is a two-way-street and it is clearly in the interests of Europe to maintain good relations with the UK, which is a net importer of EU-made goods.
The secret here is that London's financial centre, the City of London, is the UK's Achilles Heel. An abrupt break with the EU could see the EU imposing various restrictions on financial transactions that would destroy the City of London's role as a global financial capital, and instead favour Paris or Frankfurt. Indeed, this could happen anyway, and probably will once the EU has used its threats to extract as much as possible out of the UK.
But even though the UK government is bending over backwards and ready to pay out a fortune in a forlorn attempt to protect the interests of the City of London, it is not the City of London that will pick up the bill. Of course not. Instead it will be the average, hard-working UK taxpayer. Once again more Lemon socialism -- the privatisation of profits and the socialisation of losses.
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