Originally Posted by :
The 'great and good' that is, the European-leaning politicians and business people - tell us that the apparently outward-looking European Union 'single market' is worth 1.8% of the GDP to the British economy.
What they don't mention is that EU regulatory red tape is costing us 5.5% GDP.
That is not my figure but that of one Gunther Verheugen, vide-president of the European Commission.
And when you add our massive budget contributions and the costs of EU agriculture and fishing programmes, it is clear the cost-benefit balance to the UK is extremely negative.
All the people of this country ever wanted to join was the original Common Market, not the markedly different and increasingly sinister European Union.