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Friday, February 07, 2014

Yet Another Academic Report Agrees How Expensive EU Membership Is

The average Dutch household could be better off by over £8,000 a year and national income will grow by over £1 trillion [by 2035] if the Netherlands leaves the euro and the EU, according to a new study.
The study by the respected British Capital Economics research consultancy into "Nexit" - as a potential exit by the Netherlands has been termed - finds significant benefits over the next two decades if the country swaps its EU membership for a status similar to Switzerland or Norway.
I commented:
The £8,000 per household fits fairly well with Tim Congdon's assessment that EU membership costs us £170 bn (about £6K per household) but I am pleased they also include the effect on long term growth which is the main effect. The EU is the only world zone in recession - the rest is growing at an average of 6% a year. This is not something that our media mention - they keep blaming our problems on what they know to be a non-existent "world recession".

The important thing is not whether this report is more or less authoritative than Professor Congdon's but that there are a whole series of such, virtually all of which come to broadly similar conclusions.

Also that our own beloved government have always refused to authorise their own investigation.

   The Netherland's population is 16.8 million - 3 1/3rd Scotland's so that would be £336 billion more in the Scottish economy or £3.7 trillion for the UK by 2035. Do not expect to hear this getting BBC coverage or indeed mentioned by any of the cartel of parties in Holyrood who, whether they want "independence" from the UK or not are agreed in opposing independence from Brussels.

      6% growth over 21 years would increase gdp 3.4 times. £1 trillion increase in gdp by 2035 looks like about twice current Dutch gdp so this is a reasonable, arguably cautious, assessment.

    Bear in mind that several polls have shown that most people would be persuadable on Salmond's pretend "independence" if it could be shown they would be either £500 a year better or worse off after separation. Yet we are being prevented, not least by the nominally independence supporting SNP, from having a referendum on the entity that creates 75% of our legislation.

     I have sent this as a letter to most of the Scottish press. We will, as normal, see if this is another of these things you may not say in Scottish politics.

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