The Economics of government. More harm than good: the danger of EU grants

The UK receives £5.7 billion annually in grants from the EU to promote development and economic growth in some of the most deprived regions of the country. The UK also contributes around £12 ½ to £13 billion to the EU’s budget every year. Dr John Meadowcroft argues that the EU system of grant–giving hinders rather than helps economic development in the UK. Instead of channelling money from the UK through the EU and back again to enterprises that are failing or have no proven track record of success, funds would be best left in the hands of successful and profitable British business and industry. EU grants represent yet another reason why the UK should pursue a future outside the confines of today’s European Union.

• Primary Source

Global Vision: Perspectives: More harm than good: the danger of EU grants, 2007 http://www.global-vision.net/perspectives13.asp

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