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I posted 1.5 months ago about how a potentially catastrophic grid event three years ago instead showed how successful the EU cooperation is: https://news.ycombi

by chx 3y ago

I posted 1.5 months ago about how a potentially catastrophic grid event three years ago instead showed how successful the EU cooperation is: https://news.ycombinator.com/item?id=38251463 https://news.ycombinator.com/item?id=38251463 As an aside, the UK is still part of this but thanks to Brexit they got the opportunity to finance this interconnector by themselves and not avail themselves to the vast funds from the European Energy Programme for Recovery. For example Malta did and while the Malta Interconnector is not a world record in length but it certainly is in the relative amount: currently it's already above a quarter of the energy needs of Malta and in 2015 the relevant EU report said it's expected this to grow to 35% eventually.

blibble 3y ago
> but thanks to Brexit they got the opportunity to finance this interconnector by themselves and not avail themselves to the vast funds from the European Energy Programme for Recovery the UK was a net contributor to the EU everything it "received" from the EU was paid for by itself https://www.bbc.co.uk/news/uk-politics-48256318 https://www.bbc.co.uk/news/uk-politics-48256318
- chx 3y ago
  sigh The UK’s net EU budget contribution in 2014 was £9.8 billion https://commonslibrary.parliament.uk/research-briefings/cbp-7214/#fullreport https://commonslibrary.parliament.uk/research-briefings/cbp-... Meanwhile the UK exported $276 billion worth of good to the EU more than half of its total https://www.worldstopexports.com/united-kingdoms-top-import-partners/ https://www.worldstopexports.com/united-kingdoms-top-import-... Not counting anything else just these two we could say the EU had a 3.6% tariff on UK imports (insanely low! check https://www.wto.org/english/res_e/statis_e/daily_update_e/tariff_profiles/GB_E.PDF https://www.wto.org/english/res_e/statis_e/daily_update_e/ta... -- and note the post brexit deal only created a 0% tariff on goods and not services). And even that is a severe exaggeration because there were other benefits to this. On the other hand, the way these things went it's very likely the UK already contributed to the EERP but got nothing out of it.
  - throwaway167 3y ago
    > very likely the UK already contributed to the EERP but *got nothing out of it*. I for one am swimming in all the surplus cash not going to the EU any more, as well as all those upwards revisions to GDP and employment, and our pound soaring to new highs improving my purchasing power.
  - kmlx 3y ago
    > The UK’s net EU budget contribution in 2014 was £9.8 billion the state’s budget contribution. aka taxes and other income of the state. > Meanwhile the UK exported $276 billion worth of good to the EU more than half of its total not the UK, not the state. the opposite. the private sector.
    - chx 3y ago
      And state income comes from...?
  - blibble 3y ago
    > Not counting anything else just these two we could say the EU had a 3.6% tariff on UK imports this "analysis" makes the infamous Boris bus number look almost honest by comparison

by chx 3y ago

blibble 3y ago

> but thanks to Brexit they got the opportunity to finance this interconnector by themselves and not avail themselves to the vast funds from the European Energy Programme for Recovery the UK was a net contributor to the EU everything it "received" from the EU was paid for by itself https://www.bbc.co.uk/news/uk-politics-48256318 https://www.bbc.co.uk/news/uk-politics-48256318

chx 3y ago
sigh The UK’s net EU budget contribution in 2014 was £9.8 billion https://commonslibrary.parliament.uk/research-briefings/cbp-7214/#fullreport https://commonslibrary.parliament.uk/research-briefings/cbp-... Meanwhile the UK exported $276 billion worth of good to the EU more than half of its total https://www.worldstopexports.com/united-kingdoms-top-import-partners/ https://www.worldstopexports.com/united-kingdoms-top-import-... Not counting anything else just these two we could say the EU had a 3.6% tariff on UK imports (insanely low! check https://www.wto.org/english/res_e/statis_e/daily_update_e/tariff_profiles/GB_E.PDF https://www.wto.org/english/res_e/statis_e/daily_update_e/ta... -- and note the post brexit deal only created a 0% tariff on goods and not services). And even that is a severe exaggeration because there were other benefits to this. On the other hand, the way these things went it's very likely the UK already contributed to the EERP but got nothing out of it.
- throwaway167 3y ago
  > very likely the UK already contributed to the EERP but *got nothing out of it*. I for one am swimming in all the surplus cash not going to the EU any more, as well as all those upwards revisions to GDP and employment, and our pound soaring to new highs improving my purchasing power.
- kmlx 3y ago
  > The UK’s net EU budget contribution in 2014 was £9.8 billion the state’s budget contribution. aka taxes and other income of the state. > Meanwhile the UK exported $276 billion worth of good to the EU more than half of its total not the UK, not the state. the opposite. the private sector.
  - chx 3y ago
    And state income comes from...?
- blibble 3y ago
  > Not counting anything else just these two we could say the EU had a 3.6% tariff on UK imports this "analysis" makes the infamous Boris bus number look almost honest by comparison