1 UK BALANCE OF TRADE
Before the UK joined the EEC in 1973 UK trade with “Europe” was roughly in balance. However, since the UK joined the EEC in 1973 UK total balance of trade up to 2017, has currently (i.e. corrected to 2017 figures) resulted in: Trading with the EEC/EU on EU terms cost the UK a DEFICIT (LOSS) of £1.639 trillion. Trading with the rest of the world earned the UK a SURPLUS (PROFIT) of £477 billion, (43% of which was on WTO terms).
YET REMAINER MP’s VOTED TO REJECT LEAVING THE EU ON WTO TERMS! WHY?
2 UK FINANCIAL LIABILITIES TO THE EU
A report by Bob Lyddon, of Lyddon Consulting Services Limited and published by the Bruges Group as “The UKs liabilities to the financial mechanisms of the European Union” shows that the EUs financial institutions can call on the UK to contribute up to nearly £1 trillion in the event of a financial crisis. In addition, the EU can call for extraordinary support above that!Italian banks have been busy with accounting techniques to obscure their €246 billion in bad loans of an EU total of €780 billion. Other EU countries are critically involved in Italian debt. France has €2285.5 billion, Germany has €58.7 and Spain €21.4 billion and the UK has €17.4 billion invested in Italy. The EUs financial crisis is very likely to happen in the next few weeks. The longer we remain in the EU the more chance for the EU to demand that the UK pay up the money it is currently liable for.
YET REMAINER MPs VOTED TO EXTEND THE TRANSITION PERIOD. WHY?
3 EU PENSIONS LIABILITY
Many MPs want to reverse the democratically achieved vote to LEAVE and to stay in the EU. This is despite the implied risk for the next generation of UK taxpayers having to support, alltheir working lives, the pay as you go pensions for millions of EU workers. This liability, for the next generation of EU taxpayers, can be calculated from the University of Frieberg report to be well over €30 trillion!
YET REMAINER MP’s WANT TO REVERSE THE VOTE TO LEAVE THE EU. WHY?
4 COST OF BEING IN THE EU
Professor Congdon of the Institute of International Monetary Research estimated that in 2014 the annual cost of being in the EU was 12% of the UK’s GDP or about £190 billion. It can be shown, using this figure that from 1973 to 2017 the total cost of being in the EU could have been in the order of £11 trillion. A severe handicap on the UK economy. This could only get worse the longer the UK stayed in the EU.
YET REMAINER MP’s WANT TO CRIPPLE THE UK ECONOMY EVEN MORE BY STAYING IN THE EU. WHY?
So who do these remainers and others who think like them think they are representing? Not the average UK taxpayer or citizen surely.