Saturday, 15 September 2012

EU membership costs 10% of GDP

UKIP's economics spokesman and respected economist, Professor Tim Congdon, has calculated the cost of EU membership at an average of £5,700 per household.

The cost comes not just from the eye-watering £53m per day in direct contributions but the cost that comes from red tape, anti-competitive practices, fraud, waste, etc.  All in all, membership of the EU is costing the UK about 10% of GDP or £150bn per year.

You can read the full story on the Daily Express website.
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