Well it is a lot of money but it has to be put in context. Why are we in the EU in the first place? It is about jobs and trade. The EU gives us access to the European internal market. 2/3rds of small businesses operate in Europe without restrictions and do business easily through harmonised regulation about safety standards, workings rights and so on. A lot of the EU law we've adopted covers just this. The IN campaign argues that for every £1 we spend, we get £10 back. This is calculated on the basis of FDI, and trade in goods and services. Every day X many million goes out but 60 million comes in in the form of FDI. Would this evaporate if we left the EU? No, not entirely - but it is fundamentally linked. The ease of doing business with Europe makes us a major hub for European and international companies who want skilled UK workers, a good legal framework and access to Europe. Car manufacturers are a case in point. If we left the EU we would be subject to tariffs on car imports in the EU. The cost of business would rise and fewer companies would set-up here. The same is true of big corps like banks, Barclays and Goldman have said they'd move thousands of jobs to Paris, but it is also true of manufacturers.
Also being part of the EU lowers prices for your typical consumer; Spanish olive oil, French soap or German cars are all sold without tariffs. Why not a simple trade agreement? If you look at my previous posts this has been much discussed. The essential points are that :
Every alternative model proposed does not provide us unfettered access to the market. Or it gives us access to the market but no influence in the rules governing the laws and regulations that it operates by. This comes to the point about EU and UK law. The EU project is about closer Union, it is about a European ideal and identity. This makes us uncomfortable, and rightly. EU law does bypass UK law. But what is this law? It is law that regulates international trade, the quality of seas and river water, it is renewable energy targets. There is a democratic deficit here, and the PM’s ‘red card’ idea might offer some relief. But fundamentally and essentially we have opted out of ever closer Union. This is pragmatic; retain the substantial economic benefit and lessen the cloying federalism.
This doesn’t come without a cost. Free movement is one of those costs, if you’re inclined to see it that way. Free movement is in the EU’s DNA, it is essential that people, capital and ideas can flow freely from one to the other. This has actually enriched us; migrants pay more into the system than they take from it in benefits. This equally allows Brits to live abroad easily. We essentially import working age labour and export pensioners. This is a win-win for the treasury.
Let me know if any of this is unclear or you would like more info. Essentially to say that leaving the EU would save us money is a false economy. We would lose investment, we would lose jobs, and we would suffer severe economic uncertainty. The worst thing that could happen to a small business that exports to Europe, or in fact anywhere we have a trade agreement (because we negotiate FTA's as a bloc) would be brexit. In terms of writing our own migration laws; if you want access to the EU internal market it comes at the cost of free movement. This movement has been good for UK plc overall, but obviously this is a macro perspective and not a street level view.
Also the money we spend in the EU does go somewhere. It strengthens democracy in the Balkans, it supports job creation in the Welsh valleys, it coordinates cross-border police work, it tests the quality of air in London, the quality of seawater on Brighton beach, it funds science and technology projects in Cambridge. Yes is an aberration to many, but the core aim of promoting a prosperous, healthy and democratic European neighborhood remains a noble goal even after you strip away all the bureaucratic nonsense.
Thanks for taking the time to address my points, some nice economic certainties in there, which is reassuring,
But one thing that still sticks in my throat is that fact that big business benefits and therefore we do. I've no doubt the jobs and employment they bring are a good thing, but I'm already concerned about the influence big business exerts on our politicians. I'd be more than happy to see a number of energy giants up-sticks. That might make nationalising them easier! Am I alone in being left leaning and believing the net effect of being part of the EU is negative? It feels like it.
Also, I feel our political elite aren't being held to account. Where are the big infrastructure projects to generate jobs for our young people? Where are the apprenticeships for our young? We may be importing people of a working age and exporting pensioners, but doesn't this come at a cost? The young people of working age are doing jobs which our young people could be doing? Why? If there are skills shortages isn't it our responsibility to train our own instead of importing cheap foreign labour? The only people that benefit from this is big business, at our expense, surely?