Vote Leave tell us that we could save £350 million a week if we left the EU. They tell us we could spend the money on the NHS and reduce VAT on fuel.
But do they tell us that £350 million a week represents a tiny percentage (less than 1%) of our Gross Domestic Product (GDP), and that a small fall in the value of the £ would wipe out those savings overnight?
Do they tell us that that £350 million enables 75% of our businesses to export to the EU, and supports 3 million jobs? Do they tell us that nearly half our exports go to the EU, and would be subject to tariffs if we left the Single Market?
Do they tell us that we get 50 times that £350 million in investment? EU countries invest nearly £500 billion in the UK, half our foreign investment?
No wonder the vast majority of businesses don’t want us to leave the world’s biggest trading bloc. No wonder Bill Gates, who has invested a billion dollars in the UK, is only the latest businessman to say that leaving the EU would make the UK much less attractive to invest in.
Vote Leave talk about doing trade deals all over the world. But they don’t tell us that the worldwide trading deals the EU has already established on our behalf won’t be open to us if we leave.
Vote Leave won’t even tell us whether they will apply to stay in the Single Market. If we do, we’ll have to accept, as Norway does, that we’ll have to pay almost as much as we pay now, and have no say on EU policies. But if we don’t, jobs and investment are all put seriously at risk, and no, there won’t be any extra money for the NHS.