Wednesday, 25 May 2016

Wales makes a net profit from EU membership

The Wales Governance Centre of Cardiff University has confirmed what Remainers here have been saying for a long time. Our back-of-the-envelope calculation that Wales gets more back from the EU than the nation contributes has now been backed by rigorous academic research.

Of course, the fact that part of that money coming back is from structural funds highlights that parts of Wales are among the poorest in Europe. So when Leave campaigners complains that the UK's contribution goes to backward nations in Europe, they imply that support for Welsh enterprises would diminish if they were successful in the 23rd June referendum. Indeed, how many of the projects listed in this Western Mail article do you imagine a UKIP government would support?

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