November 09, 2017
MEMBERSHIP of the EU is costing Britain almost £1billion a week, a new study has revealed.



It puts the true cost of Brussels rule at £980million – almost treble the disputed figure of £350million quoted by Boris Johnson in the referendum campaign and displayed on the side of the Vote Leave battle bus.
The revelation came as British and EU negotiators began the sixth round of Brexit talks in the Belgian capital yesterday.
And it was welcomed by Eurosceptics who said it showed why we need to leave the European Union as quickly as possible.
With Brexit Secretary David Davis and chief EU negotiator Michel Barnier due to meet today, the Government last night underlined its commitment to Brexit with a plan to include an exact time and date when Britain will leave in the EU Withdrawal Bill – 11pm British time on March 29, 2019.
The study on the costs of EU membership, by leading City analyst Bob Lyddon, strongly supports the view of Brexit campaigners that the UK should not pay the EU a big divorce bill of up to £78billion.

‘Sooner we are out, the better!’ The TRUE cost of EU membership - almost £1BILLION a WEEK

Mr Lyddon’s analysis takes into account the money paid directly to the EU budget each week.
The Office for National Statistics says this is £267million once the UK’s rebate is paid back to us and money spent by the EU on projects here is included.
However, he has also added £12billion a year lost to the Exchequer through legal tax avoidance schemes which result from Britain being a member of the EU.
Multinational companies such as Google and Amazon run their finances through Ireland, Holland and Luxembourg and the only way these loopholes can be closed is by the UK leaving the bloc.
Mr Lyddon has also calculated that the annual net cost of EU migrants – once the tax they pay is deducted from benefits paid out – is £30billion a year.

‘Sooner we are out, the better!’ The TRUE cost of EU membership - almost £1BILLION a WEEK

His figure excludes tariff payments collected by the EU from the rest of the world, which will instead go to the Treasury when Britain is out.
There are also extra payments to the EU such as the £2billion given by British taxpayers to its foreign aid budget which are not officially designated as payments to Brussels.
Raising concerns about Theresa May’s plans to go for a transition period which ties Britain to Brussels for at least another two years, Mr Lyddon described it as a stab in the back for UK voters.
Senior Tory backbencher Peter Bone said: “This analysis is much closer to the real cost of our EU membership. Almost a billion pounds a week is serious money and obviously the sooner we are out of the EU the better.”
Eurosceptic Tory MEP David Campbell Bannerman said: “This report shows we actually needed three Vote Leave buses in the referendum campaign.
“This is money that is being diverted from the NHS, education, schools, defence and public services.
“We have the Budget soon and imagine what the Chancellor could do with an extra £10billion a year – let alone the £50billion that these figures suggest.”
Mrs May was reported last night to be ready to raise Britain’s £18billion “divorce settlement” offer to the EU in a bid to break the deadlock in the negotiations.
The EU insists the divorce bill must be agreed before talks can move on to trade deals, and UK officials were said to be working on a new financial pledge to help nudge the process forward at next month’s leaders’ summit.
Britain’s rumoured change in stance was said to follow a softening of Tory MPs’ hostility to paying Brussels any money, with some leading Eurosceptics suggesting a higher payment would be a “small price” to pay for independence and a good trade deal.
Business
Global Vehicle to Grid Market 10 Year Forecast Report 2024-2034 - Supportive Government Regulations and Financial Incentives for V2G Deployment
DUBLIN, March 18, 2024 /PRNewswire/ -- The "Vehicle to Grid (V2G) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering. World revenue for Vehicle-to-Grid (V2G) Market is forecast to surpass US$ 4.31 billion in 2024, with strong revenue growth through to 2034. Escalating Demand for Electricity, Coupled With a Global Commitment to Reduce Reliance on Fossil Fuels, Resulting in a Surge in the Adoption of Electric VehiclesThe vehicle-to-grid (V2G) market is witnessing unprecedented growth driven by a confluence of factors shaping the future of sustainable transportation and power management. Key drivers include the escalating demand for electricity, coupled with a global commitment to reduce reliance on fossil fuels, resulting in a surge in the adoption of electric vehicles (EVs). This market is characterized by opportunities that lie in the integration of renewable energy sources, such as solar and wind, to meet energy demands, while also addressing challenges associated with the variable nature of these sources.The primary driver for the V2G market is the escalating demand for electricity worldwide. Governments and industries are increasingly recognizing the need for sustainable and low-emission solutions, driving the widespread adoption of EVs. The electrification of the transportation sector not only addresses environmental concerns but also provides a unique opportunity for EVs to serve as mobile energy storage units. This bidirectional flow of power, where EVs can both draw and supply energy to the grid, is a key driver propelling the V2G market forward.Opportunities in the V2G market are abundant, particularly in the integration of renewable energy sources. As countries strive to meet ambitious renewable energy targets, V2G technology becomes an enabler for managing the intermittent nature of solar and wind power. This creates opportunities for smart grid solutions and advanced energy storage systems. Additionally, the idle times of parked EVs present an untapped opportunity for bidirectional ...Full story available on Benzinga.com
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
Olivia Munn Reveals Breast Cancer Diagnosis and Double Mastectomy Procedure | E! News
March 13, 2024
kUaEV1Kd3S0
Travis Kelce Shares Details From His Trip to Singapore With Taylor Swift | E! News
March 13, 2024
3YXi-Dgf4eg
Kate Middleton VIRAL Photo: Agency Addresses Photoshop Claims | E! News
March 13, 2024
S4VkO0TpkCY
Da'Vine Joy Randolph Plays 'Smash or Pass' With Iconic Moments From Her Career
March 13, 2024
vkPdJEF2BX4
Jean Smart Wears a Hotel Bathrobe to Present an Award to Hannah Einbinder l Power of Comedy SxSW
March 12, 2024
Bw7uVEYQev4
Lenny Kravitz Walk of Fame Ceremony
March 12, 2024
MlWq8BcnwhE
Dak Prescott Extortion Plot & Steph Curry for President? | TMZ Sports Full Ep - 3/12/24
March 13, 2024
jHFsrjs7OFY
A Japanese space rocket blew up after takeoff Tuesday, turning the sky into a fireball of smoke.
March 13, 2024
YkfJ3Qg8B7c
#KimKardashian and #BiancaCensori hung out at #KanyeWest's listening party Tuesday night!
March 13, 2024
EfwLLq6bx9k
‘Pioneer Woman’ Ree Drummond denies using Ozempic to lose 60 pounds
March 13, 2024
Omfjk1AlZ3A
Chrissy Teigen reveals her ‘boob lift scars’ in daring dress at Jay-Z & Beyoncé’s Oscars 2024 party
March 13, 2024
VxZ2qXAlpmU
Zoë Kravitz pokes fun at dad Lenny Kravitz's style during Hollywood Walk of Fame speech
March 13, 2024
j3-lcFu_1sQ
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
17
Mar
GERMANY: Bundesliga
SC Freiburg - Bayer Leverkusen
17
Mar
USA: Major League Soccer
Atlanta United - Orlando City
17
Mar
ENGLAND: Premier League
West Ham United - Aston Villa
17
Mar
SPAIN: La Liga
Rayo Vallecano - Real Betis
17
Mar
ENGLAND: Championship
Leeds - Millwall
17
Mar
SPAIN: La Liga
Las Palmas - Almeria
17
Mar
SPAIN: La Liga
Villarreal - Valencia
17
Mar
SPAIN: La Liga
Sevilla - Celta Vigo
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
11
Mar
ENGLAND: Premier League
Chelsea - Newcastle United
10
Mar
ENGLAND: Premier League
Liverpool - Manchester City
10
Mar
SPAIN: La Liga
Real Madrid - Celta Vigo
10
Mar
ENGLAND: Premier League
Aston Villa - Tottenham Hotspur
10
Mar
ITALY: Serie A
Juventus - Atalanta
10
Mar
ITALY: Serie A
Fiorentina - Roma
10
Mar
ITALY: Serie A
AC Milan - Empoli
09
Mar
GERMANY: Bundesliga
Werder Bremen - Borussia Dortmund
09
Mar
ENGLAND: Premier League
Arsenal - Brentford
09
Mar
ITALY: Serie A
Bologna - Inter Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.