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While Gunter Verheugen, the EU enterprise commissioner, complains that compliance with Single Market regulation costs €600 billion a year, Tim has found out that the commission boasts only that the Single Market benefits the economies of the EU to the tune of €164.5 billion a year.
Losing €600 billion to get €164.5 billion back in order that the politicians can enjoy and exercise their power is not something which passes a cost-benefit analysis, writes Tim.
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Any moves to weaken or end our membership of the EU would put all these economic benefits in jeopardy, he adds.
As I keep saying – you do not argue with people like that. You shoot them. And Jeff Randall, it seems, would not disagree.
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