I have been asked to write about the so called cliff edge if we leave the EU without a deal. That is easy to do.
There is no cliff edge.
It’s another of those silly metaphors that have characterised much EU debate for years, like the instruction that we must get on the train, or be part of the convoy. The EU was never either a train or a convoy. It is a set of ever increasingly complex laws and rules, a single currency, common borders, the four freedoms and the rest as they progress to political union.
If we leave without a deal the planes will still fly from Paris to London on 30 March 2019, the Danish pig farmers, and French dairy industry and the German car industry will still send us their products.
EU asks for clarity on UK financial payments
I don’t understand why there is any lack of clarity on this simple subject. The UK owes our regular contributions up to the date of departure. The UK owes no contributions thereafter or special payments to leave.
If they want us to stay in the EIB we can come to an agreement about our capital in that Bank. If we want to stay in Erasmus and they want us in there will be a continuing payment related to our share of Erasmus spending as a non EU member of it. Our paid up capital in the ECB is small and not a major issue. If they want us to keep our small shareholding we could.