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Britain: Better Off Out

Britain: Better Off Out . A talk to the UKIP Spring 2012 Conference in Skegness, - 2 nd March 2012. What is the right long-term economic strategy for our country?. NO QUESTION IS MORE FUNDAMENTAL TO THE U.K.’s POLITICAL DEBATE.

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Britain: Better Off Out

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  1. Britain: Better Off Out A talk to the UKIP Spring 2012 Conference in Skegness, - 2nd March 2012

  2. What is the right long-term economic strategy for our country? NO QUESTION IS MORE FUNDAMENTAL TO THE U.K.’s POLITICAL DEBATE

  3. Roughly speaking, the Eurozone comes to much the same thing as the European Union without the UK. So the choice is between an Association with the Eurozone and being unattached to the EU, like every other country in the world, = The rest of the world

  4. The rest of the world vs. the Eurozone 1. • In the 20 years 1992 – 2011 inclusive, output in the Eurozone grew typically by 1.6% a year, little more than half the rate seen in the rest of the world. The IMF expects the growth gap to widen. • In that 20-year period, only two years – 1998 and 2001 – saw higher growth in the Eurozone than the rest of the world.

  5. The rest of the world vs. the Eurozone 2. • In the 10 years 2002 – 2011 inclusive, output in the Eurozone grew typically by 1.1% a year, little more than a third the rate seen in the rest of the world. No wonder the IMF expects the growth gap to widen! • The Eurozone – the European Union without the UK – is an economic failure; it is falling behind the rest of the world. The rest of the world of course includes all of the Commonwealth.

  6. The European Union is an economic failure

  7. Why is the EU/Eurozone an economic failure? The nations of the Eurozone are • over-governed, • over-taxed, and • over-regulated.

  8. Why is the EU/Eurozone an economic failure? The nations of the Eurozone are • badly governed, • badly taxed, and • badly regulated, not least because unelected bureaucrats, instead of democratically-elected politicians, are in charge.

  9. The European Union is an economic failure

  10. The European Union is an economic failure UKIP’s main job should be to hammer home that message, again, again and again, in the public debate

  11. The European Union is an economic failure We must destroy two myths, The “three million jobs” myth, and The “50% of exports” myth

  12. A few years from now the Eurozone will account for only one-eighth of world output - and its share will still be falling!

  13. Britain has a great economic future in the 21st century, as one of the leading nations of the English-speaking world

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