What does Britain gain economically from membership of the EU?
-
I read that membership of the EU costs Britain 65 billion per anum (Bruges Group, 2008). At first I thought this meant that the government paid in 65 billion which they could have spent on better things but when I looked into it, the government only paid in 14.8 billion, quite a small fraction of the budget. 28 billion of it was what businesses spent to comply with EU regulations, 3.3 billion was the value of the catch lost when other countries were allowed to fish in our waters, and 17 billion was additional food costs resulting from the common agricultural policy. Now I am wondering if anybody can tell me what Britain gains economically from being in the EU? Do businesses somehow make that money back? Is anything cheaper to buy? etc Also, this might be relevant: how does the superior bargaining power of the EU on the world stage benefit Britain?
-
Answer:
The main benefit, is it gives us access to the open trade zone i.e. freedom of movement of both goods (i.e. no tarriffs) and labour. This means firms in britain, have access to a larger consumer base. Furthermore it makes Britain more attractive for investment purposes, and means that more MNCs will relocate in britain. It can also lead to more highly skilled workers coming to Britain, which drives the economy.
Steven at Yahoo! Answers Visit the source
Other answers
The main benefit, is it gives us access to the open trade zone i.e. freedom of movement of both goods (i.e. no tarriffs) and labour. This means firms in britain, have access to a larger consumer base. Furthermore it makes Britain more attractive for investment purposes, and means that more MNCs will relocate in britain. It can also lead to more highly skilled workers coming to Britain, which drives the economy.
AM
Related Q & A:
- What Is Tv Links Eu?Best solution by internetsafetyproject.org
- What are some good ways to gain confidence?Best solution by Quora
- What year did Mexico gain its independence?Best solution by Yahoo! Answers
- What are a few political advantages and disadvantages in the EU?Best solution by Yahoo! Answers
- What is this song from Britain's Got Talent?
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.