07-10-2019, 00:20
Ahhh. The old brexiter trope about contributions returns, even at this late stage in the game.
How many times? The contribution must be weighed against the financial benefits of our access to the single market. In 2011, the UK government estimated this to be between £30 billion and £90 billion per year — so a return on investment of between 800% and 2370%. According to the CBI its worth about 3k to the average family in Britain.
Does that figure include the rebate ? Does it also consider that the European Commission also allocates funding directly to UK organisations, often following a competitive process. In recent years these funds have been worth around £1 billion - £2 billion to the UK.
As with all other members of the EU the UK is also a major shareholder in the European Investment Bank (EIB). It is the bank of the EU and works closely with the other EU governing bodies, investing in projects across Europe and around the world. I'm sure we have invested about 10 billion in it.
So you don't have to look far to see where the money is going.
How many times? The contribution must be weighed against the financial benefits of our access to the single market. In 2011, the UK government estimated this to be between £30 billion and £90 billion per year — so a return on investment of between 800% and 2370%. According to the CBI its worth about 3k to the average family in Britain.
Does that figure include the rebate ? Does it also consider that the European Commission also allocates funding directly to UK organisations, often following a competitive process. In recent years these funds have been worth around £1 billion - £2 billion to the UK.
As with all other members of the EU the UK is also a major shareholder in the European Investment Bank (EIB). It is the bank of the EU and works closely with the other EU governing bodies, investing in projects across Europe and around the world. I'm sure we have invested about 10 billion in it.
So you don't have to look far to see where the money is going.