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Previously on "Cost of EU bureaucracy is £33B / year"
"According to Capital Economics and Open Europe, the cost to the UK of the 100 most expensive rules and regulations of the European Union is 33 billion pounds a year. Excessive bureaucracy and high taxes have limited potential growth and investment in Europe, particularly in the past eight years."
From what I see the UK hasn't lowered any taxes or bureacracy, they've increased it so massively that the fishing industry is about to be extinguished.
The argument is theoretical. "Theoretically" the UK can have a bonfire of regulations. I don't see a fire, I feel no warmth.
Most certainly BS figure - there would have to be UK bureaucracy which was labelled as EU because UK had to have compatible laws with EU, so in reality any savings (if at all) would be marginal, most likely costs would only increased over time as UK will diverge from EU rules but EU rules will still have to be followed for import/export.
"According to Capital Economics and Open Europe, the cost to the UK of the 100 most expensive rules and regulations of the European Union is 33 billion pounds a year. Excessive bureaucracy and high taxes have limited potential growth and investment in Europe, particularly in the past eight years."
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