Referring to the letter from James Prentice last week, regarding EU membership. Just to recap.
While the PM has NOT got “legally binding” treaty change, we HAVE had a promise from Mr Juncker that “There can be no democratic choice against the European Treaties.”
We also know that un-elected EU officials do not always stand by agreements and so we must expect to be drawn into ever-closer political union, if we do not leave the EU.
For example those officials abandoned Article 125 (no bailouts) and then demanded £850m from the UK in bailout money, after agreeing that we should not have to pay. In the light of that, our-opt out from the single currency also means little and if we do remain, we will have to help fund more bailouts.
Of course unemployment in the one-size-fits-all Eurozone is around twice that of the UK (with youth unemployment of well over 40% in some countries) and economic growth rates are much lower than ours.
So once in the Eurozone, we can expect our unemployment levels to rise.
We are already wearing one straight-jacket, in the form of EU regulations, bearing in mind that around 95% of UK companies don’t even export to the single market, but must comply with them. Clearly we don’t need a Eurozone straight-jacket too.
The cost of EU compliance is around £1.85 billion per week, or £95bn pa, based on a 2005 Treasury Report for Gordon Brown. (weblink below). The last thing that we need is the cost of more bailouts and the constraints of the Eurozone.
But sadly the EU Five Presidents’ Report, makes NO long-term provision, for any country to remain outside of political union. Of course we don’t have to accept that and can free ourselves from their straight-jackets, plus bailout and compliance costs, by leaving the EU.
We will then be able to have laws made in our Parliament, once again and free to make our own trade arrangements. So let’s strengthen our resolve, striking a blow for democracy and for future generations, by voting to LEAVE the EU.
Melrose Place, Storrington
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