BRITAIN’S membership of the EU has brought no lasting investment benefits.
Many
non-EU countries have done better, says a leading academic’s report for the
Civitas cross-party think-tank.There is no evidence the “borderless” Single
Market has boosted foreign
Plenty of countries, including some similar-sized nations in Europe, have done better than the UK on both measures without being a member
investment into the UK, former London School of
Economics lecturer Michael Burrage found. In a previous report, Mr Burrage also
showed that EU membership had failed to boost Britain’s exports. His new
findings will be seized on by Brussels’ opponents.
Civitas
director Dr David Green said: “Plenty of countries, including some similar-sized
nations in Europe, have done better than the UK on both measures without being a
member. It is time to leave.”Mr Burrage’s research, based on figures over 40
years, says the UK attracted no more foreign direct investment (FDI) as a member
of the European Single Market than it would have done outside the EU. Express.
