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Little hope of pulling out of EU without damage

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Thursday, February 07, 2013
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Derby Telegraph

THE EU administration monster, and all those who ride on its back, are all consuming money for the sake of an intellectual political ideal.

Such a thing will not and cannot exist for ever but still it lives and goes on gobbling up too much money.

To turn away from the EU, we have to totally isolate our nation legislatively, judicially and fiscally, withdrawing our current monetary contribution.

In a fair world that is non-vindictive. But can anyone seriously see any of our European neighbours not afflicting revenge to make the UK's position more isolated?

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We can all foresee tit-for-tat bickering and trade embargos, with European Companies who are based in the UK finding reasons to move manufacturing or distribution back to mainland Europe.

Sadly, we are caught up in a very gluey pot, with very little hope of extricating ourselves without some damage.

David Culm

Normanton Lane,

Littleover

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  • Profile image for Derby_born

    by Derby_born

    Thursday, February 07 2013, 10:24AM

    “We import more from Europe than we export, the cannot do without us.
    http://tinyurl.com/8kukbza

    The Guardian has a report that shows an increase in trade outside the EU is helping our economy, we don't need political or monetary union with Europe.
    http://tinyurl.com/avyfqcc

    "Britain's trade position improved in July after a sharp rise in exports to countries outside the European Union.Exports to non-EU countries increased by £1.3bn to £13.2bn and imports fell almost £1bn to £16.1bn, helping the UK's overall trade deficit ease to £1.5bn from June's £4.3bn.The Office for National Statistics said the UK's deficit in trade in goods narrowed to £7.1bn in July, down from £10.1bn in June.However, experts cautioned that depressed demand for imports from beleaguered UK consumers played a large part in the better-than-expected figures along with a jump in exports to the EU that is unlikely to be sustained.Jason Conibear, trading director at the foreign exchange dealer Cambridge Mercantile, said: "The improving trade deficit cannot be attributed solely to a tubthumping boost in British exports".”

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