A discussion at work on Brexit
Posted: 21 Mar 2016, 00:34
I was talking to a colleague who mentioned the whole "farming could go bust" thing without EU subsidies. I wasn't really in full debate mode and had not seen the news on it. So imagine my surprise when I looked up the details and found it was around £350m. Quite a lot you might think.
Until you realise that we pay.. Net... around £7bn per year. Why do I say net? Because we pay a hell of a lot more but some of that extra pays for the £350m we get back.
Reality?
If we left the EU, we could pay those subsidies ourselves and still have around £7bn a year more to spend on our industry.... In fact we could double the subsidy due to "adversity of the brexit" and still be circa £6.5bn in hand to use on other things. By reacting to the impact of Brexit the UK government could bend quite a lot of the WTO rules on government subsidy. At least for a while.
I really, really, hate FUD and I'm really annoyed with the press for purveying it.
On the EU referendum the press are doing something which the climate debate coined a really great phrase for. They are guilty of...
"Drive by Disinformation".
Until you realise that we pay.. Net... around £7bn per year. Why do I say net? Because we pay a hell of a lot more but some of that extra pays for the £350m we get back.
Reality?
If we left the EU, we could pay those subsidies ourselves and still have around £7bn a year more to spend on our industry.... In fact we could double the subsidy due to "adversity of the brexit" and still be circa £6.5bn in hand to use on other things. By reacting to the impact of Brexit the UK government could bend quite a lot of the WTO rules on government subsidy. At least for a while.
I really, really, hate FUD and I'm really annoyed with the press for purveying it.
On the EU referendum the press are doing something which the climate debate coined a really great phrase for. They are guilty of...
"Drive by Disinformation".