![]() ![]() Yes, there are plenty of EU grants for universities - but because the UK is a significant net contributor to the EU budget, there would be plenty of money to keep these grants going. With corporation tax of just 20 per cent and flexible labour laws, the UK is already a magnet for companies. Indeed, 40 per cent of all transactions denominated in euros take place in Britain. The City has been able to thrive without us joining the single currency three-quarters of Europe’s financial transactions take place in the UK. Sound familiar? That’s because the exact same claim was made ten years ago when some in the Square Mile tried to bully Britain into joining the euro. ![]() Would demand for these exports vanish if we pulled out of the EU? Of course not. It dates back to a 2000 study from the National Institute of Economic and Social Research, which calculated the number of people whose jobs are linked to exports to European consumers. Three million jobs will disappear.Ī bogus figure, heard often from the likes of Nick Clegg. That’s well below our current membership fee. ![]() The World Trade Organisation has brought down tariff rates around the world even if we didn’t sign a free-trade deal with the EU, we would have to pay, at most, £7.5 billion a year in tariffs for access to its markets. But fear not: the global economy has changed dramatically since Britain joined the EU in 1973, seeking entrance to a common market. Leaving the EU would hurt the UK’s ability to trade with it.
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