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Government review shows that leaving EU would be "simply bonkers"

February 14, 2014 11:27 PM
Originally published by East Midlands Liberal Democrats

Bill Newton Dunn in EU ParliamentCommenting on the publication of the latest round of reports in the Government's review of EU membership Liberal Democrat MEP for the East Midlands Bill Newton Dunn said:

"All the evidence is showing that being in the EU brings huge benefits to the UK economy."

"The idea that we should just pull out of our biggest market, put millions of jobs at risk and lose all of our influence is simply bonkers."

"Liberal Democrats are the party of "In Europe" because In is good for British jobs, businesses and consumers."

Some facts and comments

The full reports in the Government's balance of competences review can be found here: https://www.gov.uk/review-of-the-balance-of-competences#semester-2

See below a selection of quotes from major businesses that contributed evidence to the review:

Easyjet: EasyJet is a product of the EU's deregulation of Europe's aviation market. Without deregulation we would not exist

BT: Trade Policy is an area which must remain at EU-level. The EU plays a vital role opening market access world-wide, with far greater leverage (for example into Asian markets) than could be obtained by nations acting individually.

BAE: Generally, we consider that the UK achieves much greater global influence by acting as part of a bloc and that the UK has been particularly successful in influencing the direction and content of EU trade policies.

Tata Steel: As the largest single market in the world, the EU has a strong bargaining position in trade negotiations. Conversely, on its own, as a relatively small market, the UK would not be as attractive for third countries to negotiate with and would not have the same bargaining power.

Lloyd's: Competence over international trade and investment negotiations should remain with the EU. The EU's economic size and political influence give it substantial weight in the negotiation of bilateral and multilateral agreements with third countries.

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