U.K. to host EU summit - on the benefits of joining the EU

[sal]

Could you elaborate on the non-financial and indirect financial gains?

A non-financial gain is that the money funnelled to the poorer EU members are being used to increase their living standards which results in fewer ppl wanting to immigrate to the richer EU states.

Another non-financial gain is access to research and space programs.

indirect financial gain is that the subsidised EU states spend portion of their newly increased income on buying goods and services from the richer EU states. Majority of their trade is within the EU, so the money stay "in the family".

Another indirect financial gain is the free movement of goods within the CU and all the FTAs the EU has, which lowers the cost of consumer goods.

[original PM]

A non-financial gain is that the money funnelled to the poorer EU members are being used to increase their living standards which results in fewer ppl wanting to immigrate to the richer EU states.

Which will continue to happen which is good?

Another non-financial gain is access to research and space programs.

Yeah that is half a point as we are now free to partner with anyone else in the world without having to worry about EU restrictions

indirect financial gain is that the subsidised EU states spend portion of their newly increased income on buying goods and services from the richer EU states. Majority of their trade is within the EU, so the money stay "in the family".

Fair point - but again we will still buy goods from the EU and the EU will still buy goods from us - maybe slightly different tariffs but the world always changes

Another indirect financial gain is the free movement of goods within the CU and all the FTAs the EU has, which lowers the cost of consumer goods.

Meh

[sal]

Meh

I can see that no amount of examples will make you realise the fact that all the benefits of EU membership far outweigh the cost or the perceived negatives.

We are still to see details about any tangible benefit of leaving the EU. And no, statements like "We are free to pursue FTAs/research agreements/cooperation with the rest of the world" are meaningless, when there are zero indication of them materialising in the near future, yet alone being better than what we currently have as a EU members.

[Old Greg]

I can see that no amount of examples will make you realise the fact that all the benefits of EU membership far outweigh the cost or the perceived negatives.

We are still to see details about any tangible benefit of leaving the EU. And no, statements like "We are free to pursue FTAs/research agreements/cooperation with the rest of the world" are meaningless, when there are zero indication of them materialising in the near future, yet alone being better than what we currently have as a EU members.

Does anyone have an estimate of the economic benefits of financial services passporting?

[sasguru]

Does anyone have an estimate of the economic benefits of financial services passporting?

It's not a good sign that with a few months to go before Brexit, the status of the UK's top industry hasn't been sorted out.
Meanwhile the "fantasy" Brexiters (Boris, Gove et. al) cause endless problems trying to debate whether some form of Customs Union is a good thing.
The Tory party is on the verge of meltdown if these issues aren't resolved soon.
Not to mention the country.

[BlasterBates]

Does anyone have an estimate of the economic benefits of financial services passporting?

For the average tax payer the EU bill is in the order of 100-200 pounds per year, so the devaluation and inflation has already wiped out any potential benefit for decades to come.

[Old Greg]

For the average tax payer the EU bill is in the order of 100-200 pounds per year, so the devaluation and inflation has already wiped out any potential benefit for decades to come.

Have you taken into consideration the booming jam, tea and biscuit exports?

[TestMangler]

Have you taken into consideration the booming jam, tea and biscuit exports?

And the associated and very lucrative fruit picking contracts that will be up for grabs.

[GreenMirror]

It's not a good sign that with a few months to go before Brexit, the status of the UK's top industry hasn't been sorted out.
Meanwhile the "fantasy" Brexiters (Boris, Gove et. al) cause endless problems trying to debate whether some form of Customs Union is a good thing.
The Tory party is on the verge of meltdown if these issues aren't resolved soon.
Not to mention the country.

They have tried to fudge it. As you say, time is running out. One of those situations that was always going to be bad to some extent. And is looking worse.

And the alternative to the Tories is Corbyn - the polite face of a very unpleasant senior Labour party leadership.

Thankfully still time to make arrangements to try to mitigate the inevitable.

[Old Greg]

And the associated and very lucrative fruit picking contracts that will be up for grabs.

And gammon mince packaging.