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re: [Update] The UK votes to leave the EU
Quote:
By remaining in the EU, Brits have to pay above standard global prices for goods that come from agriculture and manufacturing.
But would we continue to put up with these high prices if we left the EU? I don’t think so.
We’d stop listening to French farmers and instead the UK would help struggling farmers in our own country stand on their own two feet while protecting our beautiful rural environment in different ways.
Prices would fall by up to eight per cent
This will not only cost George Osborne and the British economy much less than the current Common Agricultural Policy, it will keep food prices low.
If we decided to leave, the UK would simply revert back to paying world prices for exports and imports.
Prices of goods would fall by up to eight per cent.
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So says Professor Patrick Minford*.
Read full article here
*Patrick Minford is Professor of Applied Economics of Cardiff Business School.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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