James Kirkup in the Telegraph has analysis of the Treasury’s study that says we would be £4,300 worse off if we leave than if we remain in Europe. The report is summarised:
The Government analysis is that without full membership of the European Union and access to its single market, UK businesses would find it harder to sell goods and services to customers in the EU and, in some circumstances, elsewhere in the world. The UK would also become less attractive place for foreign businesses to invest. Some businesses would grow less quickly. Some would close down. Over time, the UK would have fewer of the high-tech, high-skill businesses that tend to export, and more low-skill firms who only sell at home. That would mean lower wages and fewer jobs. In turn, that would mean the Government received less in tax and so had less money for public services.
The Guardian has this useful summary of the positions between Osbourne (EU exit will damage our economy) versus Gove (the public are being treated like children. The cam
The Independent reports interesting details on likely turnout and other information from the latest polls and Lynton Crosby’s view on it, which is that ground has shifted slightly away from Leave.
This presents a challenging set of circumstances for the Leave campaign. Not only have they lost some of the advantage from more Outers being motivated to turnout that was benefiting them, but the overall proportion of the British public who support the Leave case has also fallen.
The TUC has published an interesting paper on the positive impact on racial equality from EU membership and the risks to progress in that area from Brexit.
Property journal of record, the Estates Gazette, has a round-up of referendum related stories. The overall thrust is that the risk of Brexit is awful for investment.
* Antony Hook was #2 on the South East European list in 2014, is the English Party's representative on the Federal Executive and produces this sites EU Referendum Roundup.
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5 Comments
‘Gove (the public are being treated like children.’
You mean, the way he treated the people who actually ran schools…
http://www.bbc.co.uk/news/uk-politics-eu-referendum-36087583
“The UK would also become less attractive place for foreign businesses to invest.”
We don’t have to go that far back to see the evidence for this. during the mid to late 1990’s there was a significant amount of investment into the EU from business’es outside, as they set up European operations ie. have business operations within the single market. Unfortunately for the UK, due to various reasons: the UK not being in the Euro zone, uncertainty over the UK’s long-term commitment to Europe etc. much of this investment went elsewhere, specifically to Ireland, where it has remained and encouraged further investment there by new companies which in turn is now causing us major headaches with the regulation of international companies and potentially significant losses of tax revenues.
I seem to remember that this loss of investment was one of the reasons given years back over why opening the In/Out box and holding a referendum was not in the national interest, hence why all the major political parties tried to side step the In/Out referendum debate and agreed to holding a referendum only in the event of a treaty change that resulted in more powers/’sovereignty’ being passed to the EU.
Boris Johnson is wrong and Nigel Farage is probably just competing for headlines against Gove and others on the Leave side, having failed to get the official position.
The current UK government came to power on a minority vote. President Obama speaks for the interests of the USA. The current UK government came to power on a minority vote. Obama is closer to UK values than the UK’s government.
Evidence is mounting that the mere possibility of Brexit is already damaging The Economy with Employers holding back on investment & hiring & wage growth slowing sharply.