Annual Cost of the EU |
EU Regulation - £100bn pa
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.)
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
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.
The loss of industries to the EU; a lot more than £5 bn
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.
Government figures on total Cost of the EU = £128 bn
£100bn +£23bn, +£5bn = £128 bn /365 days = £342 million/day. £128bn /28m workers = £4,500pa.
Cost of being part of the EU's failing economy: 0.8% GDP per annum, £80 bn
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).
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 now costs us £30 billion on our balance of payments
Britain
made a profit trading with the EU 30 years ago, before we joined. Now
EU regulations have fixed it so we lose £30bn trading with them
annually, straight off our balance of payments. We should leave, and
make a profit out of them again.
References
A Cost Too Far? published by Civitas, £15bn CAP, £5bn net annual contribution.
Eurostat put Europe's growth at 1.8% at 30th Sept 2004. The next quarter was an annual rate of 1.2% and its still falling.
Regulations
The BRTF is now renamed the Better Regulation Commission. Its 2005 Annual Report -Better Regulation from Design to Delivery
In a Parliamentary answer to Lord Stoddart in January 2003, the government (Lady Symons, Deputy Leader of the Lords) admitted there were 101,811 EU regulations from 1972 up to August 2002. (13 January 2003, Lords Written Answers, "EC Regulations", Hansard, Volume No. 643). EU regulations are arriving at the rate of 3,500 a year, so about 113,500 regulations now.
The number of British regulations not inspired by the EU is less than 5% of the total.
The £100 billion these regulations cost us is cash, paid out by industry implementing these regulations, and paid by the government, enforcing them. Regulation is 12% of the EU economies - the reference is the EU Commission's Annual Report on Competitiveness: http://europa.eu.int/comm/enterprise/enterprise_policy/competitiveness/doc/comprep_2004_en.pdf
In April 2004 the New York Federal Reserve Board produced a report concluding the UK's Gross Domestic Product would be 12.4% bigger (at least £125 billion) without the baleful regulations of the acquis communautaire.
The EU trade deficit is a simple matter: We were lied to there would be "trade benefits" if we joined the EU. We had an even balance of trade before we joined the EU - we lost nothing.
Now we've been in for 33 years we lose £30 billion a year (2005) trading with the EU (balance of payments deficit)- this is the opposite to what we were promised. Even the one benefit the EU was to deliver is a lie.
According to the Office for National Statistics, in 2004 we had a trade deficit with the EU of £22.1 billion a year http://www.statistics.gov.uk/downloads/theme_economy/PinkBook2005.pdf, figure 9.3. Its now higher, running at £2.9 billion for the month of December 2005 alone, acording to the Office for National Statistics, and reported by the BBC http://news.bbc.co.uk/1/hi/business/4696312.stm That's £34 billion a year if it stays at this level, and its growing, not falling.
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.
David Noakes 01326 316298; 07974 437 097