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Monday 9 January 2012

#G0641* - Expert Economist Shows 'Better Off Out of The EU'

#G0641* - Expert Economist Shows 'Better Off Out of The EU'


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Economist Prof Patrick Minford has said that families are better off out of the EU
Monday January 9,2012

By Jane Mathews

THE average family would be much better off if we left the EU, according to a leading economist.

Professor Patrick Minford said living standards would rise as Britain enjoyed freedom from the "haven of regulation and state intervention" in Brussels. He suggested the UK will probably "detach itself to a large extent" from the EU over the coming decade.

But leaving altogether could mean cheaper food, clothing and other goods thanks to competition.

An economist at Cardiff Business School, Prof Minford said: "What the EU does is raise the prices of most things traded within Europe through protection given to its single market by trade arrangements.

"Cars, computers, clothes, machinery, food - all have their prices held up by the restrictions on imports from cheaper sources, often China, but also India, New Zealand and South Korea.

UK will probably detach itself to a large extent from the EU
î Professor Patrick Minford
"Outside the EU the prices of what we buy would be the cheapest available in the world - our industries would sell their output on their capacity to meet world competition. We would all benefit from buying freely in the world market at world prices. Our living standards would rise."

A member of Conservative Way Forward and the European Reform Forum, he made his comments in the Julian Hodge Institute of Applied Macroeconomics quarterly review.

Critics argued it would be impossible to leave the EU without causing damage.

Labour peer Baroness Eluned Morgan of Ely said: "It is nonsense, because there is no doubt that we would lose jobs. Our relationship to the EU is fundamental to our economy."
To view the original article CLICK HERE

Critics may well claim that 'it would be impossible to leave the EU without causing damag' however no critic has EVER supported their defeatist fantasy with substantive facts nor cogent argument being it seems utterly dependent on largely dishonest spin.

You will note that Elunid Morgan whose only real job was as a researcher for the subsidised BBC and within its extremist and hugely subsidised S4C - a job she can not have held for more tyhan a few minutes assuming she graduated from Hull University! She moved into full time politics working for the EU at age 23 - little wonder she peddles their dishonest propaganda for her EU pension entitlement and it is to promote The EU she is rewarded with a Baronecy yet fails to declare her interests as she further betrays these United Kingdoms and Wales in particular in The House of Lords (phoney cronies!).

It would serve the media well to list financial interests of tyhose they quote!

Perhaps Mrs. Morgan would care to back her claim with informed validation as even The Labour Government showed through the independent survey they conducted via the largely left wing think tank that there were NO jobs overall that were dependent on membership of the EU outside of political (parasitic) jobs and as confirmed by the ex Labour leader and ex EU commissioner Niel Kinnock - 'there would be no loss of jobs and The EU would NOT penalise Britain and block trade' - he is of course correct though under stated as Labour's report showed a likeluihood of a net gain in jobs and that it would not be in the interest of The EU to block trade nor would it be legal under WTO rulings.

Interestingly the new liberty would provide huge scope for growth and freed of the obligation to pay the EU £50 million a day not only could the money be used to modernise Britain's infrastructure and invest in growth.

Free of the malign strictures of The EU we could tarriff transit trade and lift many of the petty restrictions on business designed to counter Britain's interests relative to those of failed Mediteranean countries.

Britain would also be freed of the EU tendering scams that have so damaged our industries such as automotive, aerospace, nuclear power, power generation, fishing and the like and the crass break up of Royal Mail to suit EU rules and the idiocy of imposition of the hugely costly and largely irrelevant HS2 which will prove so damaging to the Midlands and the countryside on route as they commute and take jobs to London.

It is hard to think of a single benefit of EU membership yet so easy to note how much damage membership has done to these United Kingdoms - One should also be aware of the gathering dislike of those in The EU who consistently seek to impose their needs and greeds on Britain, and it can be argued that the EU is increasingly being fermented as a cauldron of hatred managed by unelected bureaucrats for their personal gain as no fool would see The EU as of benefit beyond grubby self interest of a small clique and the4ir claque milking the 500,000,000 serfs in the vassal states in an obscene manner.

"In politics, stupidity is not a handicap." 
Napoleon Bonaparte (1769-1821)

Greg L-W.
for all my contact details & Blogs: CLICK HERE  

British Politicians with pens and treachery, in pursuit of their own agenda and greed, have done more damage to the liberty, freedoms, rights and democracy of the British peoples than any army in over 1,000 years.

The disastrous effects of British politicians selling Britain into the thrall of foreign rule by the EU for their own personal rewards has damaged the well-being of Britain more than the armies of Hitler and the Franco - German - Italian axis of 1939 - 1945.

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