As UK prospers: EU scaremongering fails to convince

No-one thinks Britain is out of it yet. But as the UK creams the Eurozone in economic performance, we are reminded that the scaremongers in Brussels have nothing to give, and that we must get Britain out of the EU, pronto!

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Ruled by an EU buffoon like Juncker? Nein danke...
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Luke Stanley
On 5 December 2014 14:13

Compare and contrast the economies of Britain and the Eurozone. The former is the fastest growing economy in the G7 and on track to be in a spending surplus by 2019. The latter is crippled by a “one-size-fits-all” approach to economics and on the brink of yet another crisis. Is anyone still in doubt about how much better off Britain would be out of the EU?

Pro-Europeans are fond of telling us what Britain can’t do outside the European Union. In particular, they say we can’t reclaim our position as a global trading nation without the EU. Looking back on the progress Britain has made since 2010 – halving the deficit and becoming the fastest growing major economy in the world – proves with a bit of determination the Great British Public can do anything.

By leaving the EU, we can negotiate our own free trade agreements with countries all over the world, boosting both our economy and employment.

Whilst the EU negotiates free trade agreements which include Britain, because it also caters to the interests of the other 28 member states, the process takes far longer than it should. For example, the EU has been negotiating a free trade agreement with India for the last 7 years - since 2007. And there is still no end in sight for a signature on the dotted line. Britain is not the EU’s priority.

Nor are the economic benefits of our leaving the EU confined to trade. Currently just 5 percent of British businesses trade with the EU, with the majority trading within a 5-mile radius of their location. Despite this, 100 percent of British businesses are forced to adhere to the excessive red tape spewed out of Brussels on a daily basis, in spite of the fact they neither buy from nor sell to the EU.

As Eurosceptic MEP Dan Hannan often points out, the European Commission’s own research has argued the Single Market benefits the European economy by just €120 billion a year, whilst EU regulation costs the European economy €600 billion a year.

If we left the EU and only the 5 percent of British businesses who traded with Europe were bound by their regulations, our economy would boom.

We are the 6th largest economy in the world. London is a global financial hub and we have cultural and historical ties with countries all over the world, from Canada and the US in the West, to India, Hong Kong and Australia in the East.

English is the language of law, business and diplomacy all across the world, with 70 percent of the internet written in British English or American English. We attract the brightest and the best students from all over the world, with Britain having 6 out of the 10 top EU universities. To suggest we need the EU to be a global economic player is a ridiculous claim.

When the choice is between our current relationship with Europe and Brexit, it would be folly to consign our global trading nation to remaining within an obsolete and economically-shrinking customs union.

The recent figures from our Chancellor George Osborne just go to show, as a resurgent global economic power, we have nothing to lose and absolutely everything to gain by voting to Get Britain Out of the EU and back into the globalised world.

Luke Stanley is a Research Executive at Get Britain Out

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