https://www.humantruth.info/eu_economic_benefits_to_uk.html
By Vexen Crabtree 2016
#brexit #canada #eu #eu_benefits #europe #france #germany #india #ireland #japan #politics #south_korea #sweden #UK #uk_fuel_crises #uk_infrastructure #USA
From the 1960s in the UK the dominant argument for EU membership has been economic1. Arguments for joining centered on increasing international (European) investments in the UK1. The EU is the world's biggest global market, and membership gives the UK a say in what its rules and regulations are2.
“It has become easier to start or buy a business with the average cost for setting up a new company in the former EU-15 has fallen from €813 in 2002 to €554 in 2007, and the time needed to cope with the administrative procedures to register a company was reduced from 24 days in 2002 to about 12 days in 2007.”
UK Department for Business and Skills (2010)10
“The car industry thrives today not because of the domestic market but because nearly 80 per cent of its output is exported, most of it to Europe. [...] Access to the EU market means that 49 per cent of UK-produced vehicles are sold across the largest Single Market in the world, unhindered by any tariffs or costly regulatory barriers. [...] If we take motor trades as a whole, including wholesale and retail, we find that there are 240,000 auto-industry jobs associated with demand from the EU. [...]
The British car industry benefits from the tariff-free Single Market and from Europe's strength as a bloc in trade negotiations that set standards for the worldwide car industry. [...] Common regulation and standards are vital for manufacturers to compete across the Single Market. Standardisation of regulations at an EU-level removes the complexity and cost to conform with varying national standards.”
"Britain: Leading, Not Leaving: The Patriotic Case for Remaining in Europe"
Gordon Brown (2016)23
It is not just car manufacturing of course, in addition we produce nearly 1 million engines that are exported to Europe23. The UK can continue producing cars without the EU but local companies will face many awkward added complexities, tariffs will result in the UK being less competitive, and the attraction for companies to situation production in the UK will be somewhat lessened. Over time, loss of efficiency may endanger the entire native industry. The UK car industry is a beacon that highlights the benefits of EU membership.
“Financial services, account for 8 per cent of UK output and around 3½ per cent of our employment. The sector employs 1.1 million people in the UK, while almost another one million work in associated professional services, such as legal accountancy. Of these two million or so employees, more than half work outside London and the South-East. [...] Under the Single Market's single banking licence and common prudential and regulatory minimum standards, a bank located in one Member State is able to set up branches in others.”
"Britain: Leading, Not Leaving: The Patriotic Case for Remaining in Europe"
Gordon Brown (2016)25