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Gaping hole in the EU budget? Even by your standards of overinflating our importance, that’s a spectacularly daft comment. Our net contribution for 2017 according to the ONS works out at about £8bn. The GDP of the EU minus the U.K. was about £12trillion. So our contribution was about 0.06-0.07% of the EU’s total output. Put it another way, our contribution equates to about half the price of a packet of chewing gum per week for every person in the EU. (Population of EU minus UK is about 450million. £8bn/450million/52 week=34p per person per week.)Put it yet another way, since the Brexit vote, the EU economy has grown by about 0.5% per year faster than ours. That 0.5% per year over 21 months equates to about 13 times our annual net contribution. (0.5% x £12tr x 21/12 = £105bn.) Just from the extra growth that they’ve had over and above our economy. I suspect they’ll cope.
Put the graphs away and start reading the news!
Sproty you clearly know more about this than I do so a question for you.This extra defence and green policy spending by the EU governments - where is it going to be spent? For example is there more or less likelihood that British defence companies will benefit from this £30 billion once we have left the EU?
Wilts why would I feel the need to read a 250 page tome on a subject I already am expert in.So we get £400 million per annum for public research, where did you get the assumption from that the uk Government would not be honouring such grant post Brexit?
Auckley Serious question. You voted Remain out of fear. Fear of what?
NNK. What 'truth' paper do you read?
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”