Posted on 04/18/2016 1:04:01 PM PDT by Berlin_Freeper
Quitting the European Union would leave households £4,300 a year worse off, George Osborne warned as he prepared to release in-depth Treasury analysis on the cost of Brexit.
Britain's economy would shrink by 6% by 2030 if the country replicated Canada's trading agreement as advocated by Boris Johnson, according to the Chancellor.
The 200 page Government report assessing the long term costs and benefits of EU membership and life outside shows the country would be left "permanently poorer".
In an article for The Times, Mr Osborne said: "The conclusion is clear: for Britain's economy and for families, leaving the EU would be the most extraordinary self-inflicted wound."
The study will say none of the alternative options to full EU membership would leave Britain with a quota-free, no-tariff access to a single market of half a billion consumers.
Mr Osborne added: "The Treasury analysis shows that under all plausible alternatives to British membership of the EU we would have a less open and interconnected economy -- not just with Europe but, crucially, with the rest of the world.
"There would be less trade, less investment and less business. Leave the EU, and the facts are: Britain would be permanently poorer. Britain's families would be permanently poorer too."
(Excerpt) Read more at aol.co.uk ...
Considering that nothing that comes from government can be trusted Brits should reject this argument out of hand.
Always counting pennies when they DON’T want to do something...
But no concern over costs when they do.
Plus they are probably lying.
Absolutely. They should pull out, then order several thousand truckloads of cement and concrete and fill the damn Chunnel with it too!
BS
How did the Anglo-Saxon/White/Caucasion people ever survive and prosper before “Experts” emerged to tell us what to do and what the future would bring?
After all the muslims use it to walk to the European mainland.
BREXIT OR THE NEW BRITRABIA! Perhaps Britain will avoid a total cultural annihilation!
The Brits never really fully embraced the EU from the start.
They still and will never give up their own currency.
And while their liberal politicians advance ideas of a complete union with the unelected bureaucrats in Brussels, Pride and the Hooligans will ultimately rule the day.
You go for this, you’ll go for anything. Bow down to your masters in Brussels.
Would be interested in seeing how the Osborne conclusions were supported. One suspects that he is using macro economic analysis, which is always misleading—not actual analysis of the myriad micro decisions that might be influenced in some way by the return of pride in Britain as the special domain of the British people. For analogy:
http://www.freerepublic.com/focus/f-chat/3422096/posts
No doubt. The people don’t even enter this guys equation.
No. To the Internationalist, the actual people being victimized—indeed losing their unique identity—are a target, not a constituency!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.