Wednesday, June 23, 2004

It is more expensive than you think

The highly regarded London think-tank Civitas will be publishing an analysis of the financial costs of the EU membership next month. Here is a preview of their conclusions:

"On very cautious assumptions the total net cost of EU membership is £19.63 billion (£6.33 billion for EU regulation, £9 billion for the CAP and £4.3 billion in net transfers between EU institutions). Based on less cautious, but still conservative, assumptions the cost could be £33.3 billion (£20 billion for EU regulation, with the other costs the same)."

Jolly, huh?

They also find that leaving the EU would carry no costs in the way of jobs or trade. Don't believe it? Read their preliminary findings in a background paper. Click here

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