Michael Fabricant today welcomed Sweden’s ‘Nej till Euron’ – ‘No to the
Euro’ vote. "I am sure that our Labour Government will have taken note of
this" says Michael Fabricant. "The Swedes like the British are not
convinced of the economic benefits of joining the Euro.
"Meanwhile, I am still pressing the Government to conduct some analysis of
how well Britain does out of our membership of the European Union. The
Government says there are huge economic benefits making us wealthier and
creating 300,000 jobs. If this is true, that is good news. But as the
Government has now admitted that no financial and economic analysis has been
made of our EU membership since the early 90s, how can they possibly know?
A recent US Government analysis claimed our EU membership is not financially
benefiting Britain and is costing us around US $40 billion each and every
year: equivalent to our doubling the State Pension overnight. Surely this
can’t be true? It’s time the British Government conducted its own analysis,
make it public, and set the record straight. And we should conduct this
analysis every four or five years because circumstances change over time.
Isn’t that just being businesslike with taxpayer’s money?" Michael asks.