Nasty little ignorant people not understanding how the elite are really doing it all for you. No gravy trains, no power grabs at all, no siree.
The reality is that Ireland\’s \’no\’ voters have trashed an EU that is precious but weak. Most \’no\’ voters, grabbing on to the worst fear rather than reasoned fact, have unknowingly set in train a political dynamic that, unless carefully handled, could lead not just to Ireland but Britain leaving the EU.
Now that would be a good result, wouldn\’t it? We might end up like those two basket cases, Norway and Switzerland, only able to trade freely, move freely, work freely and invest freely, without having to carry the burden of umpty squillion pages of regulations.
For example, Gunther Verhuegen has pointed out that EU regulations cost the European economy € 600 billion a year: much of which is in place to organise the Single Market. That single market brings us benefits per year of €120 billion…..no, not €120 billion nett of those costs, but €120 billion before we account for those costs.
Obviously and clearly a loser that.
Everybody will be the poorer.
So, no, that won\’t be true.
Indeed, one who did look at the cost benefit analysis was Patrick Minford and his calculation is that if we left our economy would grow by some 3% as a result. Whatever that is it ain\’t poorer.
As to regulation, next week I\’ve got to do some work for a customer on the REACH legislation. They\’ve tried filling in the forms but there\’s no way in which they can actually enter "mercury" as an ingredient in their product. If they can\’t register it, then they can\’t in fact import their product: and that will mean that the entire fluorescent and compact fluorescent light bulb manufacturing industry inside the EU will have to close. I\’m really not sure that this is what anyone really wanted.
I\’ve also heard that, and want to try and find out more about (does anyone actually know?) that something absurdly stupid has happened with the REACH regulations. The original was bad enough of course….that every recipe, product, chemical and mixture of them must be tested at a cost of €100,000 and up before it can be produced, sold or imported. Vast costs for very little benefit.
But at least each mixture only needed to be tested once. If someone had done the work to test copper oxide, for example, then copper oxide could be produced, imported or sold by anyone. So the costs were only once, spread over the whole system (yes, that did then raise problems of who should bear that cost).
But now it seems (and as I say, I\’m looking for confirmation of this) that every producer of every different mixture must now register and prove the safety of their product. So if there are 5,000 producers of bleach then bleach must be tested 5,000 times at a cost of €100,000 each time.
That is madness: if true, only complete fuckwits could have tried to impose that on the economy of a Continent.
So, as I say, anyone know whether REACH is indeed being applied in that manner? Are we truly ruled by complete fuckwits?