Two of Germany's biggest think-tanks have warned that Britain faces devastating losses if it leaves the European Union that will cost the UK economy up to £225bn by 2030. The respected Ifo economic research institute and Bertelsmann Foundation calculated that if the UK left the 28-nation bloc and was unable to strike new trade deals quickly, it could trigger a perfect storm of diminished investment and innovation that would knock up to 14pc off UK gross domestic product (GDP) - or €313bn (£225bn) - by the end of the next decade. This is equivalent to €4,850 (£3,500) per head in a worst-case scenario, the study said. The think tanks said savings such as "cancelling of EU budget payments that currently total around 0.5pc of UK GDP could not compensate for economic losses, even in the best case scenario", adding that the biggest losses would be in financial services, chemicals, mechanical engineering and automotive industries. ....Is that it, just the one £3,500 per head ?If it were true it would be well worth it, but, why would a German think tank take the trouble and expense to produce this study? What is their agenda? Angela Merkel and her German cohorts have gone to enormous lengths to oppose the UK at every turn. In the words of Margaret Thatcher "They're frit". Germany do not want to be left holding the EU baby. The UK has always been a very successful trading nation, and without the EU single market stranglehold, we will once again be able to compete in the world market place, on our own terms not the EU's. Germany shouldn't worry about us (sarcasm), we'll do just fine, you watch. In actual fact the really big threat to the UK, is if Labour/SNP get into power from next week, that will cost every man, woman and child much more than £3,500.
Access Investments-Building Awareness - European Union-ROMANIA
Wednesday, May 6, 2015
Two of Germany's biggest think-tanks have warned that Britain faces devastating losses if it leaves the European Union that will cost the UK economy up to £225bn by 2030. The respected Ifo economic research institute and Bertelsmann Foundation calculated that if the UK left the 28-nation bloc and was unable to strike new trade deals quickly, it could trigger a perfect storm of diminished investment and innovation that would knock up to 14pc off UK gross domestic product (GDP) - or €313bn (£225bn) - by the end of the next decade. This is equivalent to €4,850 (£3,500) per head in a worst-case scenario, the study said. The think tanks said savings such as "cancelling of EU budget payments that currently total around 0.5pc of UK GDP could not compensate for economic losses, even in the best case scenario", adding that the biggest losses would be in financial services, chemicals, mechanical engineering and automotive industries. ....Is that it, just the one £3,500 per head ?If it were true it would be well worth it, but, why would a German think tank take the trouble and expense to produce this study? What is their agenda? Angela Merkel and her German cohorts have gone to enormous lengths to oppose the UK at every turn. In the words of Margaret Thatcher "They're frit". Germany do not want to be left holding the EU baby. The UK has always been a very successful trading nation, and without the EU single market stranglehold, we will once again be able to compete in the world market place, on our own terms not the EU's. Germany shouldn't worry about us (sarcasm), we'll do just fine, you watch. In actual fact the really big threat to the UK, is if Labour/SNP get into power from next week, that will cost every man, woman and child much more than £3,500.
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