£10 billion is a lot of money each year. That’s the sum we send to the EU and do not get back. That’s around £300 a household every year going to subsidise relatively rich countries on the continent.
One of the main questions in the referendum is how should we spend this Brexit bonus?
The cautious will say let’s reduce the deficit by not spending it.
The adventurous who want more growth will say let’s all have a Brexit tax cut, so we individually get to spend it because we pay less Income tax .
Those worried about the costs of health, schools and social services will say let’s boost our caring and educational services with some more spending.
The important thing is to open this debate. It’s good for morale to be discussing a better financial picture than the current one. It will remind all in the debate of a very positive large gain from exit.
We also need to ask the Stay in campaign what they think is going to happen to our contributions if they win.
Recent years has shown remorseless pressure and changes of the rules and methods of calculation to get more money out of us. How much more are they going to demand?
How does the UK stay out of meeting some of the costs of economic failure in parts of the Eurozone? Wont we be expected to contribute to economic regeneration and recovery plans for the countries plunged into long term austerity by the Euro?
We can of course spend the £10 billion and still give exactly the same amounts to farmers, universities etc the the EU currently gives them as well.
OUR OPPONENTS WILL CLAIM WE WILL HAVE TO PAY SOMETHING OUTSIDE THE CLUB
We need to remind them that most of the world trades quite successfully with the EU without paying a penny or a cent into EU funds.
There is no need for the UK to pay anything for the privilege of importing so much from Germany.