From inception the EU was forecast to fail by the most knowledgeable economists primarily because one currency for trading partners creates opportunities for some and serious losses for others. Currencies require market adjustments to reflect the economic health of individual countries, the most basic law of international economics.
In a failed one size fits all currency, Germany has reached a point where it has to choose to leave the euro, or enforce the ejection of the weakest partners. Some EU leaders are already resigned to separate currency areas.
The long list of advantages from Britain’s exit include a well-funded and viable agricultural and environmental management industry for Wales, the recovery of our legal system based on being innocent before proof of guilt, (the EU system is based on the false Catholic doctrine of Original Sin brought in by Augustine of Hippo in 295 AD), restoration of our sovereignty and constitution, which deems the five EU treaties and devolution to be illegal, the right to quickly establish trade agreements with our many friends around the world through recovering our seat on the World Trade Organisation, being part of an enlarged European Free Trade Area, and having a sensible level of control of our borders.
In monetary terms we would recover our annual net contribution to the EU of £10.178bn, and a saving estimated by Tim Congdon and Patrick Minford of at least £190bn each year on direct and indirect costs on our economy of unnecessary red tape and over-regulation of business, including CAP and the Common Fisheries Policy.
Richard North goes into detail in his book the Death of British Agriculture by stating that CAP was favouring EU countries and disadvantaging the UK by at least £3.5bn per year – a situation which is has not changed. Far from being 'feather-bedded', British farmers have been seriously underfunded. The real problem, buried away in various dense European Commission and Parliamentary reports, was the extent to which all other Governments in the European Union had exploited the labyrinthine rules of the Common Agricultural Policy, and their own tax systems, to give their farmers the maximum possible support; whereas the UK Government had consistently done the very opposite. To a far greater extent than realised, the playing field had been savagely tilted against them, not by Brussels but by their own Government. However, Britain to legally negotiate their exit and achieve solvency must invoke Article 50 of the Treaty.
This is the background to the political incompetence and failure to provide a level playing field for not only agriculture and the uplands in Wales and Scotland, but most other important industries, subjects given detailed coverage in the press over recent weeks with the avoidable crisis at Port Talbot, and is why we must Vote Leave.
Edmund Marriage has considerable experience as a practical and successful farmer. Edmund is also a former National Vice-Chairman of the Conservative Rural Action Group and Director of Research.