BREXIT: Report suggests UK economy has lost out on trillions by being EU member
Tonight RT News UK covered a recently published report, by UK think tank Civitas, which exposes the myth that the UK benefits trade-wise by being a member of the EU, handing a serious boost to the #Brexit campaign.
In fact, the report goes on to suggest that the UK economy may actually have been losing out, to the tune of trillions, simply by being inside the constraints of the EU.
‘The main aim of governments has been to ensure that membership of the EU is seen as a prized asset, which the UK must not let slip from its grasp. This has resulted in a mis-selling of the trade benefits of the Single Market comparable in some respects to the mis-selling of payment protection insurance, though on a larger scale, over a longer period, and with far more serious consequences.
‘PPI offered borrowers protection that on closer inspection proved to be illusory, and at disproportionate cost. The evidence shows that the same might well be said of the Single Market.’
Myth and Paradox of the Single Market: How the trade benefits of EU membership have been mis-sold.