Membership of the EU makes a nice profit for the UK – but you won’t hear ‘Leave’ campaigners saying so.
We know that the UK pays slightly more than £350 million every week into the EU’s budget. This is a figure that has been bandied about by Brexiters since Day One, and was (misguidedly) painted onto one campaign’s ‘battle bus’.
I say “misguidedly” because it is a gross contribution that does not take account of rebates and money taken by the private and public sectors as a result of our membership. The actual cost is £161 million per week.
Here’s the BBC’s infographic on the subject.
Even this does not give the full story.
You know those pesky immigrants? The ones who are taking all our benefits, clogging up the NHS and classrooms, and moving into all our houses and giving nothing back, if you believe the Brexiters?
Don’t believe the Brexiters.
The Centre for Research and Analysis of Migration (yes, this is a real organisation) tells us that public revenues raised from EU migrants is more than £281 million per week.
Here’s the infographic:
Let’s add this new figure to the total cost of EU membership and see what we get:
A profit of £120 million per week.
That’s nearly £6.25 billion every year!
And that’s only revenues coming to the UK Treasury. We haven’t even considered the profits being made by private businesses trading within the EU.
This raises a very important question:
Why are ‘Leave’ campaigners and Brexiters trying to convince you to throw this profit away?
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