The Draghi Report highlighted the way the EU economy is falling badly behind the US this century. Sky high energy taxes and prices, and an anti high tec company set of law codes and taxes have kept the EU in the slow lane. US GDP per head is growing faster and is now 80% higher than the EU. The UK has been dragged down by EU laws and taxes, and has only grown a little faster than the EU since Brexit owing to its failure to change suffocating EU rules and charges.It has managed to avoid some of the latest unhelpful laws of the EU but is stupidly putting itself into the carbon taxes, emissions trading and carbon based tariff schemes which help make energy so dear.
A study by the European Centre for international political economy in 2023 set out how US GDP per head 47 % higher than EU in 2010 surged to 82% higher by 2023 based on cheaper energy and better technology.It showed how the major economies of Germany, France, Italy and Spain were falling further down the league table compared to US states. It is getting worse as the US accelerates its highly successful data centre and A I investments. The EU is becoming a digital colony of the US whilst protesting and seeking to constrain and tax the US companies it relies on for so many purposes.
The story of this century shows UK voters were right to vote to leave the damaging EU which has been holding down growth and living standards. This government’s wish to bind us closer to a failing economic model is bad economics and worse politics. We need much cheaper energy and we need to liberate our tec sector.No to cbam, no to EU emissions trading, no to EU net zero madness, no to the digital tax, no to more tariffs on non EU imports, no to energy dependence on EU imports, no to the big fish give away to the EU.
August 3, 2026
You know that, we know that but our masters in Westminster see the EU as sime sort of Nirvana.
India has recently pulled out of hosting the next COP summit and has denounced the whole Net Stupid tarragon. They will no doubt overtake Europe very soon.
It beggars beliefs that our so called betters cannot see the repressive nature of the EU.
The next big problem is going to be mass immigration from the Maghreb driving down living standards and increasing welfare.
August 3, 2026
The US seeks to free up innovation whereas the EU’s first instinct is to regulate and constrain.
Not for protection but for control.
Gas and electricity prices, already high in the EU, is prohibitive in the UK.
Not helpful.
August 3, 2026
In short too many people working for the state sector – producing very little of value (HS2 for example poor defence procurement), or in the case of Covid “vaccines”, lockdowns and May’s net Zero, the workers rights act and Tenants rights act, things clearly of negative value. All sucking the life and money out of the productive sector. A doom loop economy made even worse by vast, net cost, low skilled immigration, high crime levels, DEI, no deterrent and misdirected two tier justice and policing.
CBAM stands for Carbon Border Adjustment Mechanism.
August 3, 2026
CBAM Covered Sectors
Cement, Iron and steel, Aluminium, Fertilisers, Electricity, Hydrogen
August 3, 2026
Good morning.
The EU has many problems but the central one is the EURO. Having a common currency like the US Dollar or Sterling where transfers from richer parts can be made to poorer parts is an advantage. The EU deals with any disparity through subsidies raised from richer member states and fines. This form of wealth transfer when properly spent delivers you a Poland whereas, monies that are spent either unwisely, as in the case of Spain, or corruptly (EU wide) delivers little to no growth at all.
The EURO is not a complete project. For it to work all member states have to use it and, all fiscal control is managed by the EU, including taxes. This the richer states like Germany will not allow. So they are stuck.
August 3, 2026
Burnham the other day suggested the “more safe and legal routes will disrupt the people traffickers business model”. Is he really so moronic he actually believes this drivel? How will taking a few thousand more by legal routes disrupt the many millions who want to come to the UK illegally when most would never qualify for legal routes anyway? It will just means even more net cost migrants.
August 3, 2026
But the Tories/Mrs Badenoch have not, should they take office, undertaken to undo Labour’s new EU commitments. Ms Coutinho is talking sense on Net Zero but was a firm advocate of it when working in the Sunak government.
People don’t believe what such politicians say. Where is the hope? The likelihood is another low turnout at the next general election resulting in further entrenchment of these damaging policies by a Left oriented administration.
Reply The Conservatives oppose the EU re set and will publish a policy on how to restore our powers when we know how much they have given away and how it has been given away. There are clear energy policies to stop the current net zero self harm
August 3, 2026
The dreadful Nigel Farage, fresh from the latest Reform electoral failure at the Manchester mayoral election, has – laughably – declared that a “Reform government” would use the Royal Navy to “detain and send back” the boat people in the Channel
Yet again, Farage demonstrates his complete ignorance of the realities facing the RN. There are not enough serviceable ships to intercept Russian vessels running the Channel, let alone the wily and very wealthy people smugglers.
How curious that the French gendarmes are always looking the other way when the rubber boats are being launched