EU an expensive club with little benefit for UK
IN her article on the benefits of remaining in the European Union (Business Telegraph, August 25), Angela McGowan indicated: "Economists tend to be a little biased on this issue". Boy, she was not kidding. Ms McGowan finished her article welcoming more information and participation in the debate. Well here goes.
The increases in employees' rights is a red herring. Good governments, like good businesses, benchmark against others and adopt best practice. Non-EU membership does not stop the UK adopting progressive legislation.
For each of the last 20 years, independent auditors have failed to ratify the EU's accounts, due to significant discrepancies.
It is estimated that the UK is a net contributor to the EU to the tune of £33m per day. In the event of a Brexit, in just over a fortnight enough money would be saved to pay for the funding Northern Ireland receives from the EU.
Economists argue that a Brexit will negatively affect our trade relations with the EU and the rest of the world, but I do not agree. People buy British products because they like them.
Last year, more than 214,000 Bulgarians and Romanians applied for a UK national insurance number. Not to mention all those with free movement rights from Portugal, Ireland, Greece and Spain.
Net migration to the UK was in the region of 330,000 last year - in spite of us having more than 1.8 million unemployed. The EU is an expensive club in which to be a member, for little benefit.