28 October 2010

Cost of the EU To the UK and Others.

Annual Costs of EU MembershipThe net cost of the EU to Britain is £20 billion pa. But the actual cost is much more than that.
The European Union costs us £65 billion gross every year.
That's about £1,000 each every year for every man, woman a...nd child in the UK. And it increases every year.

Direct and Indirect Costs of the EU Estimates of the true cost of the EU are difficult to come by. MPs have called many times for a cost-benefit analysis, to prove or disprove the benefits of membership. Successive Governments, both Labour and Conservative, have refused, on the grounds that the "benefits" are self-evident. In truth they are afraid of what such a study would show. The Bruges Group have finally produced an authoritative study.
(http://www.brugesgroup.com/CostOfTheEU2008.pdf)
The total gross cost to the UK of EU membership in 2008 they estimate at around £65,000,000,000* - including:
•£28 billion for business to comply with EU regulations,
•£17 billion of additional food costs resulting from the Common Agricultural Policy
•£3.3 billion - the value of the catch lost when the Common Fisheries Policy let other countries fish in our territorial waters
•£14.6 billion gross paid into the EU budget and other EU funds.
It gets worse each year. Used better, this sum could transform the UK - increase pensions, recruit more doctors, nurses, teachers and police, build advanced transport systems and start paying off the national debt.
*Even allowing for the UK rebate, which the EU wants to stop. Sources: Bruges Group report: "How Much Does the EU Cost Britain?", UK Office of National Statistics, British Government Regulatory Impact Assessments, International Monetary Fund, World Bank, World Trade Organisation, OECD, Eurostat, European Commission.
British households pay £440 a year to be an EU member ... but don't get it backThe average British household paid £440 to be a member of the European Union last year but received only £312 back in direct benefits, according to newly published Brussels accounts.

Bruno Waterfield in Brussels, Telegraph, 28 Sep 2010: Spain is the only one of the top five contributors where the return is greater than the contribution Photo: Corbis The £128 loss for every household is because Britain’s share of the costs for running the EU are not matched by returned cash, which comes in the form of farm subsidies or social funds.
The lion’s share of spending goes to continental farmers and poorer countries such as Poland, the figures show.
Britain is the fifth highest contributor to the EU budget, with £6.7billion, beaten by France, Germany, Italy and Spain. Poland contributes £2.4billion. Each Briton pays £110 in contributions to the EU but loses out by £32 in benefits in return. Spain is the only one of the top five contributors where the return is greater than the contribution. In Poland, every person contributes £63 and gains £166 in return subsidies

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