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    Compare and contrast

    Norway–European Union relations - Wikipedia

    The Kingdom of Norway is not a member state of the European Union (EU).
    United Kingdom–European Union relations - Wikipedia

    Relations between the United Kingdom of Great Britain and Northern Ireland and the European Union date back to the foundation of the European Economic Community in 1957.
    Energy in Norway - Wikipedia

    In May 1963, Norway asserted sovereign rights over natural resources in its sector of the North Sea. Exploration started on July 19, 1966, when Ocean Traveller drilled its first hole. Initial exploration was fruitless, until Ocean Viking found oil on August 21, 1969. By the end of 1969, it was clear that there were large oil and gas reserves in the North Sea. The first oil field was Ekofisk, which produced 427,442 barrels of crude in 1980. Subsequently, large natural gas reserves have also been discovered and it was specifically this huge amount of oil found in the North Sea that made Norway’s separate path outside the EU possible.
    Oil and gas industry in the United Kingdom - Wikipedia

    In 2008, the UK was the 14th largest oil and gas producer in the world (10th largest gas producer and 19th largest oil producer).[12] In Europe the UK is second only to Norway in oil and gas production.
    United Kingdom national debt - Wikipedia

    As of Q1 (the first quarter of) 2018, UK debt amounted to £1.78 trillion, or 86.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £48 billion (which is roughly 4% of GDP or 8% of UK government tax income).
    https://uk.reuters.com/article/norwa...-idUKO9N26202C

    Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, made a 1.6% return on investment in the third quarter, earning 236 billion Norwegian crowns ($25.55 billion), it said on Wednesday.
    One followed a path outside the EU, the other "invested" close to £1trn to be a member of the EU...
    Last edited by DimPrawn; 30 October 2019, 12:12.

    #2
    Norway only has a population of just over 5 million. That's why it's rich.
    Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

    Comment


      #3
      Originally posted by DealorNoDeal View Post
      Norway only has a population of just over 5 million. That's why it's rich.
      So having open borders is a good idea then? Free movement of people?

      With 426 people per km², as of 2016, England is densely populated when compared to most other European countries. But it's not as densely populated as the Netherlands, where there were 505 people per km², or a much poorer country such as Bangladesh, where there were 1,252 per km².

      Comment


        #4
        Norway has high levels of state ownership.

        Norway has very high GDP (top 5 per capita).
        …Maybe we ain’t that young anymore

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          #5
          Norway also pays into the EU. Not quite as much per head as the U.K., but not far off either.

          Norway's EU payments - Full Fact

          You’re comparing apples to oranges. Norway also has a high level of taxation to pay for public services, meaning that profits etc for oil and gas can go into their sovereign fund; the U.K. prefers a lower level of taxation, meaning that any additional income goes to funding services instead of savings.

          The U.K. also has deeper historical links with non-EU countries. In your stats about FoM, remember to only include EU migrants and not those for other countries (eg India).

          Comment


            #6
            Norwegians don't mind being taxed to pay for their services.
            Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

            Comment


              #7
              Originally posted by DimPrawn View Post
              So having open borders is a good idea then? Free movement of people?
              Seems to work ok for Norway. They're even in Schengen.

              Norway–European Union relations - Wikipedia
              Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

              Comment


                #8
                So lets invade Norway! Brexit solved....

                Any Norwegians who don't like it can move to NI. Before we give it to the Irish....

                Comment


                  #9
                  Originally posted by DealorNoDeal View Post
                  Seems to work ok for Norway. They're even in Schengen.
                  Certainly more open than UK borders.
                  Down with racism. Long live miscegenation!

                  Comment


                    #10
                    Even by your low standards, this is a particularly cretinous, ill-informed and ignorant post.
                    Hard Brexit now!
                    #prayfornodeal

                    Comment

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