Annual Cost of the EU |
EU Regulation - £100bn pa
This ties in with the EU Commission's Annual Report on Competitiveness, where they state regulation averages 12% of EU economies. So both the British and EU governments agree on this figure.
EU contributions and CAP £23 bn
The loss of industries to the EU; a lot more than £5 bn
Government figures on total Cost of the EU = £128 bn
Cost of being part of the EU's failing economy: 0.8% GDP per annum, £80 bn
Government + Economist's figures 128bn + 80 bn = £208 billion, or 20% of our economy.
£208 billion per annum = £570 million per day. More than half a billion a day.
The EU costs every person in Britain £3,350 per year.
£208 billion divided by the British working population of 28 million = £7,400 per working salary.
(or £3.70 per working hour).
That's why people in outlying counties earn only £5 per hour - Europe has sucked the wealth out of the economy before it even gets to us.
Mathematical cost of 33 Years in the EU = £208/2 x 33= £3,432 billion.
The total cost of the EU to date is probably £3.4 trillion.
Trading with the EU costs us £22 bn on our balance of payments
The EU - a corrupt leadership, treaties that build a dictatorship, with the laws of a police state, that has already cost us over one trillion pounds. Can we please leave?
David Noakes 01326 316298; 07837 107 528.
The annual cost of EU regulations to industry, together with the cost the government quangos who enforce them, is now £100 billion per annum or 10% of our economy, according to the Government's Better Regulation Task Force. David Arculus, its Managing Director says EU regulation is now our biggest industry (larger than tourism at £67 bn.)
Our £5bn net annual contribution is now increased, by the loss of our £3bn rebate, to £8 billion.
The Common Agricultural Policy CAP costs us £15bn, total £23bn.
From Petrol stations to car paint shops, abbatoirs, 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.
£100bn +£23bn, +£5bn = £128 bn /365 days = £342 million/day. £128bn /28m workers = £4,500pa.
But this excludes the cost to GDP of associating with Europe's slow growth (1.8%,
down to 1.2% in the last quarter) instead of the much faster Commonwealth's
growth (3.4% versus our 2.6% =0.8% x our £1 trillion GDP = £80 billion).
Britain made a profit trading with the EU 30 years ago, before we joined. Now EU regulations have fixed it so we lose £22bn trading with them annually, straight off our balance of payments. We should leave, and make a profit out of them again. Europe is taking British jobs and selling product to us and making money out of us. Not that we would want this, but We would be economically better off if we ceased all trade with Europe; we would have more jobs, and enjoy the surpluses we still have with the rest of the world.