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Brexit negotiations thread

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Luxembourg stating we owe £40 -60 billion. The nerve of the tax dodging quisling semi-country state is staggering.
Having nothing to do with the Duchy de Lux will be a real bonus in Brexit.

If you haven't guessed I am not keen on them.
 
Massimo Giovanni said:
Luxembourg stating we owe £40 -60 billion. The nerve of the tax dodging quisling semi-country state is staggering.
Having nothing to do with the Duchy de Lux will be a real bonus in Brexit.

If you haven't guessed I am not keen on them.
Click to expand...

Thing is..... as inconvenient as this might be...... and as hard as it will be for Johnson and Davies to accept.... and as difficult as it is going to be for someone in UKG to confirm this...... its probably about right. And we can stamp our feet all we like, but we wont get a trade until its sorted one way or the other.

Interestingly, and I don't know how much of this is in the public domain, but the French and Dutch are considering massive investment in their customs provisions to handle the UK being a third country. Brexit is likely to cost governments in those countries vast sums of money, so I very much doubt they'll be overly keen on letting us wander off owing vast sums of money.
 
Lord Football said:
Thing is..... as inconvenient as this might be...... and as hard as it will be for Johnson and Davies to accept.... and as difficult as it is going to be for someone in UKG to confirm this...... its probably about right. And we can stamp our feet all we like, but we wont get a trade until its sorted one way or the other.

Interestingly, and I don't know how much of this is in the public domain, but the French and Dutch are considering massive investment in their customs provisions to handle the UK being a third country. Brexit is likely to cost governments in those countries vast sums of money, so I very much doubt they'll be overly keen on letting us wander off owing vast sums of money.
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once the level of the settlement is agreed that may be the thing that moves public opinion far enough into the 'this is not what we were led to expect' camp that a second referendum becomes a reality
 
londonblue said:
Dream on. As much as I would like that to be the case, I'm too cynical to think that will ever happen.
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Maybe not but it'll certainly be interesting to see what happens if an important part of the Tories Repeal Bill legislation-or even the final Brexit deal- actually gets voted down in the Commons.
 
callan said:
Apparently from the oil sector.
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That could be interesting because this could cover a whole raft of issues from future involvement in the Common Transit Convention to exchange rates and price proofing. Out of all the commercial sectors, they've probably the biggest political clout.
 
Lord Football said:
That could be interesting because this could cover a whole raft of issues from future involvement in the Common Transit Convention to exchange rates and price proofing. Out of all the commercial sectors, they've probably the biggest political clout.
Click to expand...

My take is that it is something to do with this.....https://www.theguardian.com/environ...port-billions-barrels-oil-government-cynicism

According to what I'm hearing no fracking will be involved as the oil is expected to rise naturally...without the need for a rig to test flow rates.

If and its a big if then this could potentially be bigger than North sea oil if its commercially viable to get it out of the ground.
 
callan said:
My take is that it is something to do with this.....https://www.theguardian.com/environ...port-billions-barrels-oil-government-cynicism

According to what I'm hearing no fracking will be involved as the oil is expected to rise naturally...without the need for a rig to test flow rates.

If and its a big if then this could potentially be bigger than North sea oil if its commercially viable to get it out of the ground.
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That oil is, according the article, to be sold on the European market. Currently that would be duty free, certainly wont be if we are not in the single market. The announcement might be that it is not financially viable to drill. We wait and see.
 
Lord Football said:
That oil is, according the article, to be sold on the European market. Currently that would be duty free, certainly wont be if we are not in the single market. The announcement might be that it is not financially viable to drill. We wait and see.
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The Guardian article was written in 2015.....hence the comments on flow testing in my earlier post....direct from an RNS....today.

RNS Number : 6585M
UK Oil & Gas Investments PLC
31 July 2017
*
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
*
Operational Update and Warrant Exercise
All Approvals for a Rig-less Flow Test in Place,
Broadford Bridge-1 Exploration Well, Weald Basin, UK
*
Highlights
*
·***** All flow test regulatory permissions now in place following review by the Health and Safety Executive ("HSE"). Work continues to "complete" the well as a potential oil producer to be followed by a rig-less flow-test, encompassing multiple Kimmeridge zones over a total aggregate perforated section of 926 ft.
·***** Preliminary log interpretations indicate that the extensively naturally-fractured Kimmeridge section is oil bearing from around 3,800 ft to below 5,640 ft measured depth ("MD") a vertical section of around 1,330 ft. This observation is in accord with the mobile light oil recovered to surface in cores and recovered from drilling fluid, together with wet gas shows.
 
callan said:
http://www.telegraph.co.uk/business...russian-gas-to-hit-record-highs-this-year-sa/

http://www.ecfr.eu/article/commentary_europes_vulnerability_on_russian_gas

Put simply if say the French were to invest in this (which they have and are post Brexit)....and this becomes an Anglo European venture...then it is a very useful bargaining chip.
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Hmmmm..... still not sure this relates to Brexit negotiations. It would potentially form part of any free trade agreement post Brexit or be a separate bilateral treaty between us and the French.

Still economically it looks to be goods news for some in the south of England at least.
 
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