EU bureaucracy is drag on our economy, says Conservative North…
In his latest In the House column, Conservative MP for North West Leicestershire Andrew Bridgen says EU bureaucracy is damaging the UK’s economy.
Whilst the Remain side of the EU argument have virtually no arguments on the EU making us safer, they are concentrating their campaigning efforts on trade. Now I have said that I want both sides to campaign on the facts, not on reports from organisations such as the EU funded CBI who with their obvious vested interests, are producing a number of ludicrous reports on the benefits of EU membership.
On that basis then, I have looked at research on the UK’s export performance since we joined the European club, when compared with Countries who are not part of Europe. In research undertaken by Michael Burrage for the Civitas think tank, he measured the European export performance of the UK measured against a group consisting of America, Australia, Canada, Iceland, Japan, Norway and Switzerland.
What was clear was whilst our exports performed better in the initial years of Common market entry, since 1993 our export growth to Europe is on par if not below those other countries, and indeed since 2005, it has been consistently below their rate of growth.
There are 2 reasons behind this. Firstly the cut in world trade tariffs in recent years by the World Trade organisation, not the EU may I add. Secondly there is the fact that these Countries are not subject to the ever increasing EU bureaucracy and are now trading at an advantage to us and the evidence is there back this up, EU membership with its rules and regulations is a drag on our economy.
This is before we consider what is rapidly becoming the horrifying prospect that is TTIP. This is the Transatlantic Trade & Investment Partnership, a trade agreement being negotiated in secret by the EU with the USA. From leaked reports of its contents, it is extremely worrying. Take one example from this which is the introduction of Investor-State Dispute Settlements (ISDS). This will let companies sue governments if their policies impact on their profits. This would mean American corporations can dictate the policies of the British Government. This is an appalling affront to our democracy and sovereignty and is yet another reason we need to vote to leave the EU on June 23rd. A vote which I believe is the most important we will make in our lifetime, and which will define the type of country and democracy we leave to our children.