New research by Vote Leave shows that:
EU public procurement law imposes extremely onerous requirements on public authorities, which can apply regardless of the value of a contract and/or whether any tenderers are from outside the UK. The Government pledged to change this, but EU procurement law remains unaffected by the renegotiation.
EU public procurement law imposes an annual cost of at least £1.69 billion to the taxpayer. This is five times what is spent on the NHS Cancer Drugs Fund, 34 times what is spent on the Government’s dedicated Pothole Action Fund, or enough to pay for 273,000 basic state pensions.
Between 2010 and 2014, EU public procurement legislation imposed costs of at least £8.4 billion in real terms on the taxpayer. This is three times what will be spent on flood defences in England between 2015 and 2021, six times the cost of the new Queensferry Crossing in Scotland, or enough to build 25 new hospitals.
Delays to projects caused by EU public procurement law amounted to 5,422 years in 2014 alone. Procurement legislation delayed the award of contracts between 2010 and 2014 by 27,912 years.
STATEMENT BY BORIS JOHNSON ON IMMIGRATION STATISTICS, 26 MAY
Last year, 270,000 people came to this country from the EU and net migration was 184,000. That means we are adding a population the size of Oxford to the UK every year just from EU migration.
Since 2004, 1.25 million people have been added to the population due to EU migration. That is bigger than the city of Birmingham.
A group of retired senior military officers have spoken about why they are backing Veterans for Britain, a campaign for a leave vote in the EU referendum aimed at serving and former military personnel. The retired Generals and Admirals have set out their views in a series of personal statements about the EU, defence and UK sovereignty.
The group have served in every one of Britain’s wars since Korea and at the highest levels of the British armed forces during the conflicts in Afghanistan, Iraq and the Falklands. The statements have been released as Veterans for Britain (VfB) publishes a leaflet arguing why serving personnel and veterans should Vote Leave on 23 June.
Commenting on the Prime Minister’s predictions about family holidays, Vote Leave Chief Executive Matthew Elliott said:
‘It’s remarkable to see the Prime Minister talking down our country and our economy day after day.
‘Yesterday Nicola Sturgeon pleaded with the government to stop the negative campaigning, and urged them to stop making exaggerated claims that insult the public’s intelligence. Clearly they’re not listening.
‘These threats lack credibility - the pound has actually been stable in recent months as the possibility of Brexit has increased. The truth is that leaving the EU will liberate the UK and allow us to do trade deals with countries like India and China - helping our economy to grow.’
‘The only way to take back control of our economy - as well as the £350 million we send to Brussels every week - is to Vote Leave on 23 June.’
Commenting on the Treasury’s analysis of the immediate economic impact of leaving the EU, former Chancellor of the Exchequer Lord Lawson of Blaby said:
‘The Treasury has enough trouble with forecasts even when they are trying to get them right.
‘This time they have simply assumed a disaster in order to scare the pants off the British people.
‘Steve Hilton’s honest assessment of the damage done to us by EU membership is a better guide than the Government’s unprincipled scaremongering.’
Former Chancellor of the Exchequer Lord Lamont of Lerwick added:
'A lot of the Government's so-called forecast depends on business confidence, which the Government is doing its best to undermine. Economists are no better than anyone else in predicting shifts in confidence.
'The link between house prices and the economy is extremely difficult to forecast. The Chancellor claims that house prices will fall by 10% by 2018 if the UK votes to leave, but the independent OBR forecasts that by 2018 house prices will be 10% higher than now - so the Chancellor is claiming that a vote to leave the EU would mean stable house prices.
'As regards the supposed cost to each household, as the Financial Times – the house journal of the pro-Europeans, has said - far from this being even an educated guess, "more likely, the numbers are just made up".
'The Single Market is not some secret garden to which members have some hidden key. Statistics show conclusively that many non-EU members export just as successfully to the EU as EU members do.
'We have nothing to fear but fear itself – which the Government is doing its best to stir up.'
The Treasury has admitted its forecasts are fixed under political pressure.
The last time the Treasury forecast an economic shock was if the UK left the Exchange Rate Mechanism. All its predictions were hopelessly wrong.
The Treasury failed to predict the last recession and championed the fact its error was supported by the Bank of England, the IMF and the OECD.
Leaving the EU will cut the current account deficit. Claims of a run on the pound are ridiculous. Sterling has maintained its value since the referendum was called.
Foreign investors are continuing to invest in the UK despite the uncertainty supposedly created by the referendum and the prospect of leaving.
Industry experts have made clear that leaving the EU is unlikely to affect mortgages or house prices.
Responding to the Treasury’s report on the short-term impacts of leaving the EU, Iain Duncan Smith said:
‘As George Osborne has himself admitted, the reason he created the independent forecaster, the OBR, was because by 2010 the public simply did not believe the Government’s own economic forecasts. The Treasury has consistently got its predictions wrong in the past. This Treasury document is not an honest assessment but a deeply biased view of the future and it should not be believed by anyone.
‘It is a fact that we hand over £350 million a week to the EU. If we Vote Leave we can take back control of that money and use it to help people here in Britain. We will also take back control over our economy creating hundreds of thousands of new jobs as we do trade deals with growing countries in the rest of the world.’
Vote Leave has today published research which highlights the pressure the NHS will come under once new countries join the EU.
Albania, Macedonia, Montenegro, Serbia and Turkey - with a combined population of 88 million - are all in line to gain EU membership in the coming years. EU enlargement is an explicit policy of the European Commission, and is also supported by the British Government. Indeed, the UK taxpayer is paying nearly £2 billion to help them join the EU.This could see the population of the UK increase by between 2.6 million and 5 million by 2030.
As a consequence, the NHS will need further investment of between £4 billion and £9 billion per year, just to maintain current levels of funding per person. There will be a rise in A&E attendances of between six and thirteen million visits a year, whilst the NHS will also need tens of thousands of new doctors and nurses.
The NHS is already facing the challenge of an ageing population, but future migration will place added stresses on care.
The full report can be read here.
In a speech to the Confederation of British Industry (CBI) this evening, former Home Secretary, Lord Howard of Lympne, will make a number of points including criticising the CBI’s record on the EU. The full speech is in the notes to editors.
Lord Howard will:
Criticise the CBI’s record on the EU
‘In 1987 the CBI called for full UK membership of the European Monetary System. British membership of the ERM led to interest rates hitting 15% in 1992 and millions of homeowners going into negative equity. After the UK crashed out of the ERM in September 1992, on Black or White Wednesday, depending on your outlook, it enjoyed a sustained period of economic growth.
‘And in 1999, the CBI argued that joining the Euro would “deliver significant benefits to the UK economy”, including allowing British companies“ to participate fully in a more complete and competitive single market“ ( Sound Familiar?).
‘And there were dire predictions that, if we didn’t join, inward investment would dry up and the City would lose its place as a leading financial centre.
The arguments are all too familiar.’
New research by Vote Leave shows:
The European Court ruled in 2006 in the Cadbury Schweppes case that the UK cannot tax subsidiary companies located in low tax jurisdictions in the EU to reduce the risk of tax avoidance save where the arrangements are ‘wholly artificial’.
Official figures show this has cost £2.36 billion since 2012 due to changes the UK had to make to taxing ‘controlled foreign companies’. This is enough to have paid for an additional 29,205 more NHS nurses. The ongoing cost is £840 million per year.
The judgment has encouraged artificial schemes, with even the European Commission admitting ‘single market’ rules ‘allow for even greater mobility of tax bases and profits’, allowing multinationals to avoid tax by shifting profits and losses within the ‘single market’.
The Government’s solution to multinational tax avoidance, the diverted profits tax (DPT), has raised no revenue to date. The total revenue forecast to be raised by the DPT between 2016-2017 to 2020-2021 is now £0.5 billion, down from £1.36 billion when it was announced in December 2014.
Forecast receipts from the DPT between 2016-2017 and 2020-2021 are just 6.8% of what HMRC expects to pay to big businesses as a result of current EU law challenges to UK tax legislation.
Many experts, including the Law Society, Clifford Chance, Olswang, the Institute for Chartered Accountants, Moore Stephens and Tolleys, have doubted the compatibility of the DPT itself with EU law, meaning it could be struck down by the European Court.
Speech by Andrea Leadsom MP, Minister of State for Energy at the Department of Energy and Climate Change, at Vote Leave on the 17 May 2016.