Europe Doesn’t Work: A discussion of the three-million-jobs-at-risk lie and related misconceptions
The economist and businessman, Tim Congdon CBE, tackles the myth that supporters of greater EU integration, such as the deputy prime minister, Nicholas Clegg, have claimed repeatedly – on the basis of a 1999 report from the National Institute of Economic and Social Research – that at least three million jobs would be at risk if the UK withdrew from the EU.
British people are involved in exporting products to the EU, but their jobs depend on the continuation of trade, not on continued EU membership.
The pamphlet, ‘Europe’ doesn’t work: A discussion of the three-million-jobs-at-risk lie and related misconceptions, demonstrates that the repeated claims of job losses if the UK left the EU – made by EU supporters such as Nick Clegg – are ‘Euro-centrism gone mad’. Indeed, Congdon shows how these views rest on a crucial misunderstanding and that a UK outside the EU – like any other country in the world – would be able to sell goods and services to EU member states.
In this analysis Congdon also points out that millions of jobs in China ‘depend on exports to the EU’, but no one has suggested that China must become an EU member. Furthermore, he makes the point that the UK’s participation in ‘the European construction’ (i.e. ‘the Common Market’ from 1973 to 1993 and the European Union since then) has reduced employment and that, if the UK had remained a fully independent nation, employment would now be higher than it is.
This is a timely reminder of the lies put out by supporters of the EU to scare the British public and that the UK would, indeed, be Better Off Out.
For more on this story, please contact Rory Broomfield on firstname.lastname@example.org.
About the Author: Tim Congdon is an economist and businessman, who has for over 30 years been a strong advocate of sound money and free markets in the UK’s public policy debates. He is often regarded as the UK’s leading ‘monetarist’ economist and as one of its most influential economic commentators. He was a member of the Treasury Panel of Independent Forecasters (the so-called ‘wise men’) between 1992 and 1997, which advised the Chancellor of the Exchequer on economic policy. Lombard Street Research, one of the City of London’s economic research consultancies, was founded by him in 1989. He was its Managing Director from 1989 to 2001 and its Chief Economist from 2001 to 2005.
Tim Congdon has been a visiting professor at the Cardiff Business School and the City University Business School (now the Cass Business School). He was awarded the CBE for services to economic debate in 1997. A prolific writer of newspaper and magazine articles, and the author of nine books, his most recent book is Money in a Free Society, published by Encounter Books of New York in late 2001.
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