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Is there any point ?
When the UK overwhelmingly votes in June to leave the EU all of his calculations will be consigned to the rubbish bin. By happy coincidence his £18 billion shortfall is about what we pay to the EU every year.
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@The tired Accountant, this is an accounting forum.
Sales VAT £18
Purchase VAT £10
The net payment is..........................?
Clue: Its not £18.
Net benefit
@The tired Accountant, this is an accounting forum.
Sales VAT £18
Purchase VAT £10
The net payment is..........................?
Clue: Its not £18.
I am well aware it's an accounting forum, I'm also well aware of the NET cost of EU membership to the UK, which is a MINIMUM of £18 billion a year. We are the 2nd largest net contributor to the EU. Also leaving the EU will drastically improve our balance of payments, our territorial waters will not be open to Spanish trawlers, our businesses will be free to trade with the world unshackled from EU petty bureaucracy. We will also be able to dump the pointless "green taxes" imposed by corrupt Brussels mandarins.
As an added bonus "Dave" will be completely discredited and his departure from number 10 hastened to allow Prime Minister Boris to take over and George can be retired (or put in charge of something harmless like Minister for Floods) and a decent Chancellor found to replace him.
Fact check
Not sure where you are getting your figures from but I think you are talking what is technically known as "balls" to quote £18 billion. Sounds like its come from tabloid newspapers.
Estimates are quite wide spread as they depend on how you define benefits of membership, but the treasury quoted around £8.5bn net contribution from National Statistics sources for just the government and local authorities. This net contribution excludes where a lot of the money goes, ie this excludes income of private individuals and companies, such as subsidies to farmers or soft loans and grants to business, which brings the net cost to the UK down a lot further. Still a lot of money, but at least I haven't made it up. The data is in the budget documents each year and should be fairly robust, albeit forecasts will vary depending on the performance of the economy.
This short document quite neutral if you would like to actually find out about this area.
Official figures ?
Not sure where you are getting your figures from but I think you are talking what is technically known as "balls" to quote £18 billion. Sounds like its come from tabloid newspapers.
Official figures state that £55 million a day – the equivalent of about £20 billion a year – is only one part of the overall cost of the EU. It is also necessary to factor in the likes of regulation costs, lost jobs and the Common Agricultural Policy.
EU membership costs UK billions of pounds and large numbers of lost jobs thanks to unnecessary and excessive red tape, substantial membership and aid contributions, inflated consumer prices and other associated costs.
The Common Fisheries Policy has cost British coastal communities 115,000 jobs.
Less than 15% of Britain’s GDP represents trade with the EU yet Brussels regulations afflict 100% of our economy (the 5th largest in the world)
-Over 70% of the UK’s GDP is generated within the UK, but still subject to EU law.
-In 2006 it was estimated that EU over-regulation costs 600bn Euros across the EU each year.
-In 2010, Open Europe estimated EU regulation had cost Britain £124 billion since 1998.
As stated, a vote for "out" will render Osbourne's calculations obsolete, and current polls suggest a massive majority for the "out" campaign.
Link?
Provide a link to these "official" figures that actually backs up your statements and people might take you seriously. Official figures state that £55 million a day.
The last time someone made such a claim, the link they eventually provided entirely contradicted their statements.
@Stepurhan
https://fullfact.org/economy/our-eu-membership-fee-55-million/
I'm guessing this is where the £55m figure comes from, but as it says it doesn't take into account the money that comes back in rebates etc,
Figure is probably closer to £19m by my reckoning