Of course we couldn't spend all of our money as we wanted when we were in the EU because we had to bankroll them.
@foxandcubs
We had to bankroll them...
I'm just going to sit and let that statement resound for a while.
You seem very confident in your assertion, so I would like to know what you are basing it on.
I know a lot about the regional fund because I use to be in charge of objective 1 money in one of our big cities. Waste of time.
They kindly gave us back some of our own money to spend according to their rules.
The EU Regional Development Fund operates jointly with member national governments and regional authorities. The member states choose which projects to finance and day-to-day management of the projects is the responsibility of the national and regional authorities.
The UK was for many years a net gainer from the Regional Fund, by a wide margin.
ec.europa.eu/regional_policy/en/newsroom/news/2015/03/european-regional-development-fund-turns-40
A fund of 1.3 billion units of account (the forerunner of the euro) was to be established for a trial period of three years starting in 1975.
...
In 1975 the poorest areas of the EEC were southern Italy, most of Ireland, western and south-western France, northern Holland, parts of West Germany along the (then) eastern border, and large parts of the United Kingdom, particularly Wales and Scotland.
The fund was targeted at the most disadvantaged Member States and the resources divided accordingly: Belgium, 1.5 %; Denmark, 1.3 %; France, 15 %; Ireland, 6 %; Italy, 40 %; Luxembourg, 0.1 %; the Netherlands, 1.7 %; Germany, 6.4 %; the United Kingdom 28 %.
The UK's George Thompson was Regional Policy Commissioner in 1975, and expressed the hope that it would bring practical benefits to the most disadvantaged regions of Europe. In 1975, the UK received a good deal more than it paid into the Fund.
Moving on to the flabbergasting phrase their rules.
Do you understand that the UK participated in the framing of all EU Regional Fund rules (and all other rules and regulations) since it joined?
Did you know that the UK actually campaigned hard for the setting up of the Regional Development Fund, in fact making it a condition of membership?
(However, over the years, and particularly under Thatcher, UK governments tended to ignore British regions in need of development.)
Do you believe that funding an expanding market for UK goods (by contributing less than half a percent of GDP annually) and harmonising regulations within that market is a good thing or a bad thing for the British economy?