10-12-2018, 18:01
|
#4716
|
|
Sulking in the Corner
Join Date: Jul 2009
Location: RG41
Services: 1 Gbps; Hub 4 MM; ASUS RT-AX88U; Ultimate VOLT. BT Infinity2; Devolo 1200AV
Posts: 11,955
|
Re: Brexit
Quote:
Originally Posted by jfman
That set out a total bill of 41.4bn (£37.1bn), extending out to 2064 as pension liabilities fall due.
But it also makes clear that around half consist of payments the UK will make during the transition phase. The OBR estimates net payments under the financial settlement of 18.5bn (£16.4bn) in 2019 and 2020, during the transition, followed by net payments of 7.6bn in 2021, 5.8bn (2022) 3.1bn (2023) and 1.7bn (2024) before falling away to 0.2bn in 2028. The liabilities, net of assets, that then remain to be paid amount to a total of 2.7bn over the period 202145.
It doesnt actually say that those are transitional costs, just that the payments are due in 2019 and 2020.
|
The £39 billion includes the 20 months of transition at the going annual rate. If there is no transition, there is nothing due for that period. The timing of payments that are due would then be rescheduled to keep us honest. Obvs.
__________________
Seph.
My advice is at your risk.
|
|
|