When assessing our past membership of the EU the UK has plenty of reason to worry over damage done to our interests, jobs and economy by EU membership. I would be interested to hear your views on which EU policy has been most damaging. There are so many to choose from. I list below some of the more obvious candidates.
1. Common Fishery Policy. Has led to the loss of fish stocks, the imposition of tough quotas, and the elimination of much of the British fishing fleet. Making our fish a common resource has not been good for the UK.
2. The European Exchange Rate Mechanism. Our membership of this quack remedy for our economy led first to a rapid inflation and then to a deep recession. It lost us around 5%of our national output.
3. The Common Agricultural Policy. UK farmers have been denied sufficient quota to meet our and their needs in some sectors. Our beef farmers were badly treated over handling BSE. Food consumers have had to buy dearer continental product instead of importing from cheaper places elsewhere thanks to tariffs and controls. Emerging market countries have been denied fair access to our markets, impeding their development.
4. The Common energy policy. Whilst the UK’s home grown Climate Change policy of the Labour government was unhelpful for keeping the lights on and supplying enough affordable power for our needs, the UK is locked in by the Renewables requirements and the combustion controls to expensive and unreliable power and to premature power station closures.This worsens fuel poverty and spurs de industrialisation.
5. The Euro. Fortunately we won the battle to keep the UK out, but we are adversely affected by the mass unemployment, slow growth and no growth which this currency scheme is inflicting on much of the rest of the EU.