Cheer up Nick Clegg, we’ll all save cash in Brexit Britain so stop insulting us

Blackleaf

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Even after the referendum, some Remainers are clinging to Project Fear.

Nick Clegg reckons leaving the EU could push up prices because of a 22 per cent tariff on food.

Sheesh, Nick, the campaign is over. The votes have been counted. We’re leaving the EU.

You don’t need to keep insulting us with these silly scare stories.

One of the happy consequences of withdrawing from the EU will be that prices — especially food prices — fall back to world levels....


DANIEL HANNAN Cheer up Nick Clegg, we’ll all save cash in Brexit Britain so stop insulting us with these silly scare stories – the future’s bright

One of the happy consequences of withdrawing from the EU will be that costs fall back to world levels, not push up prices


By DANIEL HANNAN
19th October 2016
The Sun

EVEN after the referendum, some Remainers are clinging to Project Fear.

Nick Clegg reckons leaving the EU could push up prices because of a 22 per cent tariff on food.


Nick Clegg’s wrong . . . leaving EU will lower food prices



Sheesh, Nick, the campaign is over. The votes have been counted. We’re leaving the EU.

You don’t need to keep insulting us with these silly scare stories.

One of the happy consequences of withdrawing from the EU will be that prices — especially food prices — fall back to world levels.


The whole economy will prosper as people will get to keep more of their cash

People will get to keep more of their money, which will stimulate the whole economy.

What are your biggest monthly bills? For most families, they are groceries, fuel, housing and tax. At least three of the four ought to fall once we leave the EU.

Let’s start with groceries.

Britain is a net importer with relatively efficient farmers. We have always been especially badly hit by the EU’s Common Agricultural Policy (CAP), paying more into the system than other countries and getting less out of it.

In 2014, according to Government figures, we handed over £4.8billion and got back £2.9billion. As part of the CAP, we are obliged to impose tariffs and quotas on many non-EU food products, especially meat and cereals.

Instead of being able to buy Argentine beef or Canadian wheat at world prices, we have to buy more expensive EU produce.

It’s not as if we’re helping our own farmers by doing so.

For example, most New World wine is subject to a 32 per cent tariff, making Argentine Malbec or Californian Pinot Noir a lot more expensive.

Does this protect British wine-growers? True, we make some superb sparkling wines in the south of England, but they are hardly in competition with Argentina.

Outside the EU, we can afford to give British farmers a more generous direct grant while opening our markets and passing on a huge saving to shoppers.


Pay moooo-re . . . outside EU British farmers will get a more generous grant

What’s true for food is true of other products hit by Euro-protectionism, particularly clothes.

The EU has had bra wars and shoe wars with Vietnam and China to keep prices up. Again, Brussels tariffs and quotas are not there to help British producers but to shelter inefficient textile firms in southern Europe.

At the same time, leaving the EU will mean that we no longer have to obey the Brussels rules on energy that force up bills for low- and medium-income families while generating big profits for the wealthy landowners who run wind farms.

Before the referendum campaign began, Business for Britain calculated that cutting tariffs against non-EU states would save a whopping £933 a year for the average family.

Think of how that extra spending power would lift the economy. Instead of printing extra money, we’ll be letting people keep more of what they earn.

And it’s not just food and fuel.

When we leave the EU, we can use part of the savings to reduce taxes.


Theresa May has said that she intends to make new houses more affordable

As for the fourth big item of household costs, namely the expense of rent or a mortgage, that has nothing directly to do with the EU.

But in a very welcome move, Theresa May has said that she intends to make it easier to build new houses, so making them more affordable.

You may be wondering why Vote Leave didn’t make more of the £933 savings figure. The honest answer is that we doubted people would believe it.


Tory MEP Daniel Hannan thinks Remainers need to stop clinging to Project Fear

Voters are sceptical of any such claims, especially during a campaign.

So we instead made a broader argument about taking back control.

So now, with the referendum out of the way, we can look at the cost-of-living savings as a bonus, an independence dividend.

And here’s the best bit. Cutting our tariffs on food, textiles and commodities will do more to raise living standards in Africa and other developing countries than decades of state aid.

In other words, we can help some of the poorest countries in the world at no cost to ourselves.

On the contrary, we’ll be making big savings. And the biggest savings of all will be made by lower-income families, who spend a proportionately larger share of their income on food, clothes and other basics. Everybody wins.


Chuck it, Cleggie . . . we’re sick of your silly scare stories

For most of their history, Liberals were the chief supporters of global free trade.

What a pity that, obsessed with Europe, they have turned their gaze inwards.

Mr Clegg’s talk of tariffs is as misplaced as the talk we heard during the campaign about emergency budgets and Stock Exchange collapses and unemployment.

In fact, since the vote, the emergency budget has been canned, British stocks have been the best performing in Europe and unemployment has fallen to a record low.

Chuck it, Cleggie. And cheer up. The future’s bright. The future’s global.

Daniel Hannan is a Conservative MEP representing South East England. His book What Next is published next month.

https://www.thesun.co.uk/news/20035...these-silly-scare-stories-the-futures-bright/
 
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