Oh Dear, Wales

[quackhandle]

Unfortunately as the general policy of both parties seems to be cram as many unfortunate people from around the world into tulipholes & watch them make the area worse (there are many reasons why its not all the newcomers fault) then complain about racism. Voting out was probably the only way the public thought they could protest. Of course as we are importing enough from the EU to have to build a new city frequently maybe they thought they new better than the bremainers

That's what many brexiters have failed to understand it wasn't like a general election, it was a decision vote, not a protest vote.

qh

[SueEllen]

Doesn't the report do its comparisons based upon population though:

Taking figures from Eurostat, the UK as a whole has contributed on average around €13 billion to the EU per year since 2007. The population of Wales accounts for around 4.8% of the UKs, so on this basis Wales has contributed the equivalent of €630 million, or around €200 per head.

However, the proportion on contribution to the GNP is not uniformly distributed so would this still be a valid metric?

It is the only way you can measure it.

Though everyone would realise areas like London and the SE would contribute more to that population per head statistic than other areas of the UK due to the population concentration and industry in the area.

Wales actually loses out due to the Barnett formula giving more money to Scotland. Not sure about NI but they get money from the EU as well.

[The Spartan]

Doesn't the report do its comparisons based upon population though:

Taking figures from Eurostat, the UK as a whole has contributed on average around €13 billion to the EU per year since 2007. The population of Wales accounts for around 4.8% of the UKs, so on this basis Wales has contributed the equivalent of €630 million, or around €200 per head.

However, the proportion on contribution to the GNP is not uniformly distributed so would this still be a valid metric?

Places like Ebbw Vale relied heavily on EU grants whereas somewhere like Cardiff probably would not, or at least not as heavily.

So the impact from losing the EU grants is not going to obliterate Wales but it will obliterate parts of Wales that were heavily dependent on them. Maybe not a big deal for the country as these would probably have been economically depressed areas to begin with but a big deal for the people living there.

I am not much of an economist so I am happy to be corrected if I have misunderstood the above?

These areas in Wales are still depressed even with EU funding, it's a really strange situation as the whole point is to lift the area out of poverty but yet it remains. Wales needs more jobs outside of Cardiff but with the Senedd in charge I can't see that happening anytime soon.

[meridian]

My point was that as an entity wales pays in as much as it gets, pretty much.

Ultimately, these grants just don't work, it's political racketeering, just let regions drop business tax and let the market adjust to profitable enterprise.

Feck all this bureaucracy for the right to build meaningless visitor centres that only school kids get dragged to on outings

You're working out payments based on a total UK figure divided by population.

Given that the total UK figure comes from tax receipts, you would be better off apportioning based on tax receipts by country:
https://www.gov.uk/government/upload...ology_Note.pdf

Wales is not even close in total tax receipts.

[minestrone]

You're working out payments based on a total UK figure divided by population.

Given that the total UK figure comes from tax receipts, you would be better off apportioning based on tax receipts by country:
https://www.gov.uk/government/upload...ology_Note.pdf

Wales is not even close in total tax receipts.

Did you quote the wrong post?

[meridian]

Did you quote the wrong post?

No, it was the statement that Wales pays in as much as it gets.

On a tax receipt basis, rather than a population basis, Wales has only contributed roughly 400m per year, not 690m.

[meridian]

Oh Dear, Wales

No, it was the statement that Wales pays in as much as it gets.

On a tax receipt basis, rather than a population basis, Wales has only contributed roughly 400m per year, not 690m.

Oh, hang on, the contribution figure's in Euros. Well that makes it messy.

Roughly €500-550m by tax receipt? Maybe a shortfall of €100m or so, which is nothing in the grand scheme of things.

[vetran]

That's what many brexiters have failed to understand it wasn't like a general election, it was a decision vote, not a protest vote.

qh

Indeed, its just lucky lots of people (including most of the EU) wanted a change in the EU and Brexit was the only way to bring that about.

[psychocandy]

The Tories will just let it go into "managed decline" linky

The valleys have been declining for 20-30 years. EU money was only thing keeping it afloat.

[Moose423956]

52.5 per cent of Welsh voters backed leaving the EU during the referendum last week despite the region enjoying an annual net benefit of £245m from the UK's membership.

It's ok, that can come out of the £350 million extra that's going to the NHS each week.