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7/24/13

Britain's economy better off inside EU - government study - by Peter Griffiths

France and Germany have signalled they want to keep Britain in but will resist "cherry-picking" EU policies, while U.S. President Barack Obama suggested Britain should try to fix its relationship rather than walk away.
Before the start of renegotiation, Cameron ordered a review of how the EU affects British life across 32 areas, from health and education to the economy, tax and immigration.

The first six reports were published on Monday, looking at areas including the single market, taxation and foreign policy.

Access to a market of 500 million people means Britain's gross domestic product is "appreciably greater" than it would otherwise have been, the review found. However, it noted the opposition to EU regulation and "constraints on policy-making".

The document offered no figure for the gain in economic output due to the single market but it cited six other studies, five of which said membership was worth up to 6.5 percent in extra GDP. The sixth said GDP was 3 percent lower due to the EU.

Read more: Britain's economy better off inside EU - government study | Reuters

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