More EU Woes

If you have recently lost a job or suffered harshly from the recession then you might not want to read this entry.
A damning report from the OpenEurope think-tank revealed in yesterdays Sunday Express newspaper has revealed the true facts that the EU is a costly waste of taxpayers money.

Red tape has cost Britain more than £100bn just in the past decade and it is set to increase to £356billion - the equivalent of £14,300 per British household.
This is the first comprehensive study into the impact EU legislation has on our lives and it has been found it lands British businesses and society with a huge bill.

The findings from the think-tank also reveal that new EU regulations cost the UK economy £107bn; more than the annual cost of the NHS!

It has been revealed the biggest losers to the EU are those on lower incomes and small businesses. Mats Persson, author of the report said "The cost of regulation has skyrocketed over the past decade".

The European Commission claims to have removed 5,000 pages from its statute book since launching a "Better Regulation Agenda" in 2005 but still...

- New EU health and safety legislation has cost Britain £5.7bn in the past decade

- Since 2005, the EU's law book has grown by an average of 1,887 acts per year, the equivalent of 10 per day

- One EU directive on the exhaust systems of motor vehicles required 26 more regulations in the UK to fully implement it

For more check out the Open Europe website.