Quote:
Originally Posted by 1andrew1
thought that about state aid but it's not the case - apparently we're the largest in Europe.
|
Silly question I know, but where did you get your figures?
Link
Quote:
|
The UK public sector has spent less in business support than most other EU countries. In 2018, the UK spent 0.38% of GDP on state aid (excluding railways, and agriculture and fisheries), while France spent 0.79% and Germany 1.45%.
|
2018 EU report
Quote:
UK 9.2bn Euros
France 18.6bn Euros
Germany 48.6bn Euros
|
48.6 is just more than a tad greater than 9.2.
Link
Quote:
It is not an even game, however, as richer or less indebted states have more scope to channel funds.
While Germany makes up for about a quarter of the EU’s GDP, it accounts for some 52% of the total value of the emergency coronavirus state aid cleared so far, Commission data shows.
France and Italy share joint second place, each with 17% of the total, and the Commission plans to maintain its hands-off approach till at least the end of 2020.
“There is clearly a risk of a breakdown of… the internal market in Europe,” a senior Spanish government official said.
|
We'd still have to stick to WTO state aid rules.