Professor Tim Congdon Updates Us On How Much The EU Costs EVERY Year!!!!

... Anyhow the conclusion is that we are 10% of GDP (about £150 billion) a year worse-off because we are a member of the EU instead of being an independent sovereign nation like Norway or Switzerland in our own continent, or like Canada or Australia in the wider English-speaking world. If we left the EU, we would not – immediately and automatically – be better-off by that 10% of GDP. (Economists are not magicians.) But we would be better-off fairly quickly by about 2% of GDP, as we stopped contributions to the EU Budget, prevented foreigners from tapping into our benefit system, chucked the fines from the European Court of Justice in the bin, and so on. Over a decade households would benefit from lower food prices, cuts in electricity and water charges, and greater ease of employment. The removal of the restrictions in the loathsome acquis communautaire would lead to the formation of more small and medium-sized companies, and the economy would move to a higher growth path. Over time we would make good the 10% output shortfall that can and must be blamed on EU membership.