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£40BN - no trade deal?

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£40BN - no trade deal?

Postby diy » Tue Dec 12, 2017 9:46 am

Help me out on this one:

1. We pay the £40bn even if we don't get a favourable trade deal? or
2. Nothing is agreed until everything is agreed, so no trade deal = no offer of £40BN
3. the £40BN covers our transition/kick the can down the road option, so in practical terms its spent/gone before we get a trade deal.

or something else?

Not that I have any option to vote/influence the government differently, but paying £40BN for the right to have trade talks, seems a bit pricey?
My suggestions are not legal advice
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Re: £40BN - no trade deal?

Postby atticus » Tue Dec 12, 2017 12:28 pm

this is the divorce deal. It deals with (inter alia) the UK's existing commitments, the past (at the point of leaving).

The trade deal will be a separate deal. It will deal with the future.

Obviously those who voted leave when they didn't realise it meant leave will now be able to count the chickens.
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Re: £40BN - no trade deal?

Postby gid » Tue Dec 12, 2017 3:08 pm

https://ec.europa.eu/commission/sites/beta-political/files/joint_report.pdf
Under the caveat that nothing is agreed until everything is agreed, the joint commitments set out below in this joint report shall be reflected in the Withdrawal Agreement in full detail.

It is only phase 1 of the negotiations.
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Re: £40BN - no trade deal?

Postby dls » Tue Dec 12, 2017 7:50 pm

Agreed
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