March 09, 2005

The price of EU membership

What is the price of EU membership, £180 billion according to EU Referendum, with us as the second highest net contributer. Without the rebate, which we will probably lose in the coming budget, we would be the single highest net contributer. We get basically nothing from the EU that could not be got by other means for basically the same price. Except for of course rafts of unrequired regulation to cripple business. The good news from this is that as stagnation increases over Euroland so does resentment to the caurse, or at least amplifier, of the problems, the EU.

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