Tuesday, 31 July 2012

Actual EU cost to UK is staggering


In my previous email, I think I had misquoted Nigel Farage on the amount that the EU costs the UK each year. I had misquoted Nigel, who was actually quoting the figure PER DAY rather than per year as I had stated. David Noakes made me aware that the figure I quoted was woefully understated. Linked below is a useful article that sums up the costs of the EU to UK, and they are absolutely staggering. (Keep in mind that these figures are for 2007, before the crisis). The highlighting is mine.
I hope you can understand that, even before the financial (PIIGS) crisis, being in the EU was insane. And yet, the "conservative" Prime Minister David Cameron insists that the benefits of being in the EU outweigh the costs.
I don't think even HE believes that.
D H
EU costs £300 billion pa; UK GDP is £1,330 billion
Which is £560,000 a minute, not £106,000. These are 2007 figures unless stated otherwise:

1. According to the Cabinet Office, and reported in all the National Press, the cost of the EU's 8500 quangos in Britain is £167 billion. It is the Exchequer's biggest expenditure by far. 10 years ago it was negligible.

2. According to the 2005 Annual Report of the Government's Better Regulation Task Force (Forward written by Tony Blair) the annual cost of implementing EU regulations was £100 billion pa.

3. According to the Treasury Pink Book, we lose £45 billion pa trading with the EU
Before we joined the EU we broke even. Even this was a lie by politicians - they said the EU would be good for trade. It has been a disaster.

4. The EU regulations already enforced have closed around 100,000 businesses. From post offices and pubs to petrol stations to car paint shops, 2/3 of our farming, abbatoirs, to big industry like the Rover Car company. We have no figures, except for fishing, £5 billion. We also have no figures for metrication, or the cost of administering the EU's VAT. Underestimate at £40 billion

5. EU contributions and CAP £26 bn (the only bit the press is allowed to report)
Our £8bn net annual contribution is now increased, by the loss of our £3bn rebate, to £11 billion. The Common Agricultural Policy CAP costs us£15bn, total £26bn.

Total so far £378 billion pa, or about £8 per hour off every wage in the country. The EU costs us 25% of our national income, or GDP, of £1,330 billion every year. It is crippling us.

The EU is the reason so many were desperately trying to survive on just £5 per hour during the 15 year long boom.


And: The EU has caused the current crash:

Ten years ago the EU gave the order to de-regulate our banks, causing the current crash; Gordon Brown earmarked £450 billion in 2008 to bail them out.

The EU got control of our borders with the 1997 Amsterdam Treaty and has let 10 million immigrants in since then. This, and the above deregulation of the banks, caused the house price bubble and crash, which will cost at least £1,000 bn and possibly £2,000 billion by the time its over.
More elsewhere:
EU regulations cost the EU €1.4 trillion
• The cumulative cost of regulation introduced
between 1998 and 2008 for all 27 EU member
states is €1.4 trillion. Of this, 66%, or €928
billion, is EU-sourced.
UK-specific:
At the current rate EU legislation will cost the
UK £356 billion by 2018
• If the current flow of regulation continues, by
2018, the cost of EU legislation introduced since
1998 will have risen to more than £356 billion.5
This is around £14,300 per British household.6 For
the same amount, the UK Government could pay
off almost 60% of the national debt7, or abolish
income tax for 2 years and still leave the Treasury
with a surplus.8
More:

Posted by Britannia Radio at 21:27