According to a new report by the Centre for Economics and Business Research (CEBR), staying in the EU could prove lucrative for the UK. In fact, the report suggests staying-put could generate £58bn for the British economy by 2030.
The report, which was commissioned by the Britain Stronger in Europe campaign, also concluded that opting-in could bring just under a further 800,000 jobs to the UK within 15 years. However, the estimated gains predicted by the report are based on prospective economic reforms.
But even without said reforms, the revenue generated from UK exports to the EU are currently worth £187bn a year – and these could grow to £277bn a year by 2030. Lords Stuart Rose, chair of the Britain Stronger in Europe campaign, asserted the report iterates “not only that Britain is better off in Europe now, but that in coming years we have more to gain”.
Of course, the sentiment was very different in the pro-Brexit camp. Dominic Cummings, campaign director of Vote Leave, said: “Politicians like Nick Clegg and Peter Mandelson have been telling us for years that the EU would reform and do less. Yet every year the EU takes more power and money.”