bojesen_brexitMonday’s Daily Telegraph (2nd November) was full of gems. Roger Bootle’s column contained the best arguments I have seen for the Brexit. On past form the EU will continue to stretch its tentacles wider and deeper into every nook and cranny of national life. Hence the costs of its interference will rise substantially. Meanwhile, over time, the EU budget will surely increase. The logic of moving towards a closer union is that the central budget should outrank national ones.
If most of the EU moves towards full fiscal and political union, it will be very uncomfortable for the UK to be inside the EU but outside that bloc. Finally, the EU itself is likely to fall in relative importance in the world.
But if the rest of the world is continuing to grow in importance, the benefits of membership would be proportionally smaller and the costs yet more unnecessary. It is highly likely that there will be a deal which gives the UK special access to the EU markets. We would have freedom to rescind EU laws and regulations – which are estimated to cost several per cent of GDP. We would keep the UK’s net contribution to the EU which is about ₤9bn a year.
Elsewhere in the Telegraph we are told that Direct CAP payments to Britain will average ₤2.88bn a year from 2014 to 2020 and that without this subsidy many farmers will go bankrupt. But if leaving the EU saves ₤9bn a year, then we can pay for our own food security and not need to have the monies recycled through Brussels.

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