Tuesday 27 December 2016

Britain Could Gain £24BILLION Per Year After Brexit


The Brexit campaign group Change Britain has produced a report showing that “a conservative estimate" of the benefits of leaving the EU is £24 billion a year.

The report makes a mockery of attempts by Remoaners led by Lib Dem former deputy prime minister Nick Clegg, ex-Labour leadership candidate Chuka Umunna and Tory former minister Anna Soubry for Britain to be kept in the EU by the backdoor.

The Remoaner group are pushing for the UK to remain members of the single market and customs union, which means the country would still be under Brussels rule but without a seat at the decision table.

The Change Britain group said that leaving the EU properly including the single market and customs union - which it describes as "clean Brexit" - is likely to deliver annual savings of almost £10.4 billion from contributions to the EU budget and £1.2 billion from scrapping "burdensome" regulations, while allowing the UK to forge new trade deals worth £12.3 billion.

The group said its estimate was "very conservative" and that the benefits of withdrawal from the single market and customs union could be as much as £38.6 billion a year.

Even the lowest forecast within its range of likely outcomes was a boost of £20 billion. Change Britain added that the biggest prize on offer was in potential trade agreements outside the EU which Britain could strike if it left the customs union, which requires it to take part only in deals negotiated by the European Commission.

Depending on how many deals the UK secures, GDP could be boosted by between £8.5 billion and £19.8 billion, said Change Britain.

Biggest benefits could come from a trade deal with the Asean group of south-east Asian economies, which could increase GDP by as much as £4.3 billion a year, followed by the USA (£3.8bn), Japan (£3.2bn), South Korea (£3.2bn), Canada (£1.9bn), the Mercosur zone in South America (£1.8bn), India (£1.5bn) and China (£200 million), said the group.

Leaving the single market would allow Britain to scrap 59 of the 100 most burdensome regulations on business, saving more than £4 billion, said Change Britain.

Conservative MP for Dover & Deal and Change Britain supporter Charlie Elphicke said: "This report makes it clear that there are huge opportunities to be had from making a success of Brexit. Leaving the EU fully means we won't have to pay billions to bloated Brussels bureaucrats.

"It means we will be able to take back control of our borders and end uncontrolled EU immigration.

"What's more, we'll be able to spend money on the things that matter to the British people. We can build a modern Britain that puts the hard-working classes first and makes it easier for British businesses to trade in the world and succeed.

"This is what people voted for in the referendum. Now everyone, Remainer or Leaver, has a duty to get on with the job of delivering a brighter future for our land."



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