Forum Topic

UK to spend £800k on 'highly likely' Eurotunnel Brexit case

I think this is preposterous!!!https://www.bbc.co.uk/news/uk-47124058

Ivonne Holliday ● 2837d5 Comments

Did anyone watch Inside Europe: Ten Years of Turmoil on BBC2?  If you did, did you find any similarities of what is happening today?

Ivonne Holliday ● 2837d

The Eurotunnel case is another Grayling special.  The man with the reverse Midas touch.I did watch Ten Years of Turmoil last night.  Absolutely gripping and very instructive on how Brussels and the EU works, who really counts etc etc.  The parallels with the Brexit negotiations are very obvious and the EU has learnt from the Greek experience and how to deal with an unreliable counterparty.Interesting too that the French President and German Chancellor speak to each other in English.  Thanks to Ireland, Malta and a few others, English will remain an official language in Brussels even after we leave ... despite French efforts.

Jonathan Callaway ● 2836d

Yes 'Ten Years of Turmoil' was indeed gripping - one more in the series to come. Brinkmanship ++. Donald Tusk seems to come out of it all quite well in my opinion.

Caroline Whitehead ● 2836d

Not preposterous at all, and in fact one of the reasons that I hold out hope that the UK will at least remain in the single market (common standards for goods) and customs union (zero tariffs in the EU).  'We' could be sued.The UK has been successful in attracting foreign investors because of being in the EU, not in spite of it.  Before the referendum was announced, foreign investors could reasonably expect that they would have access to the whole of the EU market and workforce via the UK gateway, and all the opportunities that brings.If this changes, and their business takes a hit (which it would), they could sue for compensation.  Depending on your outlook, it could either be the UK government or Theresa May herself who would be sued.Whether or not any cases would be successful can be debated, but for sure the UK would have to pay out a lot of money for defence lawyers etc, and then also potentially pay compensation.There are no benefits to leaving the EU.  Stop Brexit.______________http://www.keepcalmtalklaw.co.uk/can-foreign-investors-sue-the-uk-for-billions-over-brexit/https://en.wikipedia.org/wiki/Bilateral_investment_treatyAnd a famous example of when this did actually happen, in Canada:https://www.theglobeandmail.com/report-on-business/nafta-ruling-against-canada-sparks-fears-over-future-dispute-settlements/article23603613/

Clare Noeken ● 2833d

Hello Clare,What I find preposterous is that no plan has been made, among many other items, as to what will happen to the Eurotunnel and/or how it will operate post-Brexit.What also annoyed me was the following extract from the article:"..... Last December, it emerged that the government had awarded contracts worth £107m to three companies to provide extra ferry services in the event of a no-deal Brexit.A BBC investigation found that Seaborne Freight, which won a contract for £13.8m to run ferries from Ramsgate to Ostend, had no ships.In January, Eurotunnel wrote to Transport Secretary Chris Grayling to complain that they had not been considered when the contracts were awarded.The company also warned that their award of these contracts could be illegal..."From memory, the Eurotunnel was a joint UK-France venture....  Is it just going to be abandoned??????

Ivonne Holliday ● 2833d