The latest poll published today in the Observer showing growing support from all parts of the political spectrum for an exit from the EU has spread panic amongst the Euphiles. With UKIP polling consistently at about 10%, a popular vote share in an actual ballot of about 15% is not unexpected; as commentators have remarked, support for the EU is highest in the young and at its lowest in the old, but the old vote drags its way to the polling station whilst the young vote stays in bed. And of course the Euphiles in panic predictably roll out all the old myths and scare stories, as does the Observer's editorial today:-
Britain's mass car industry will head to low-cost countries that have remained in the EU
Not true. The UK is best known for premium and sports car marques such as Aston Martin, Bentley, Daimler, Jaguar, Lagonda, Land Rover, Lotus, McLaren, MG, Mini, Morgan and Rolls-Royce. These have all shown growth and demand in growing and emerging economies outside the EU; some 55% of UK vehicle production is sold outside of Europe, with only 20% - 30% going to other EU countries. The UK has competitive advantage in car production in several areas - high productivity, excellent sea transport links and of course our workforce speaks English, the commercial world's lingua franca.
Airbus production will migrate to Germany and France.
False. It is already being migrated to China. Of Airbus' global workforce of around 57,000 just 9,600 are employed in the UK. The consortium has already opened both an assembly plant for the A320 and a component manufacturing plant in China, which is set to gain from a gradual migration of jobs from the EU. the company has already shed 10,000 jobs in the EU since 2007 and more are set to follow.
It was partly because Germany now anticipates Britain leaving the EU
that Berlin vetoed BAe's deal with the defence giant EADS. It did not
want Europe's defence industry to be concentrated in a non-EU member.
Some truth here - but the advantages are mutual. "As of 2008 Britain has become the worlds leading developer of arms with British company BAE Systems.
Defence group BAE Systems is the first company outside the U.S. to
reach the top position,thanks to a deal with the Pentagon for
mine-resistant vehicles to be used in Iraq and Afghanistan. According to
the Stockholm International Peace Research Institute, a defence think
tank, the former British Aerospace group's arms sales are ahead of
American market leaders Lockheed Martin and Boeing." US arms sales make up about 60% of BAe's activity - and US markets would be at risk from 'leaky' and insecure European arms operations.
The financial services industry will be regulated on terms set in Brussels and be powerless to resist.
This is just sheer nonsense, worthy of a post of its own to rebut.
British farmers, who have prospered under the Common Agricultural
Policy, will find they become dependent on whatever mean-spirited
British system of farm support that replaces it. Farms will survive by
industrial farming, devastating the beloved English countryside.
This from a paper that normally whines about CAP payments going disproportionately to the UK's richest landowners?
Tax avoidance and evasion will reach crippling levels as our economy
becomes increasingly wholly owned by foreign multinationals that make
tax avoidance in Britain central to their business strategy.
What, companies such as Starbucks, Amazon and eBay that currently contribute such vast amounts of tax to the UK Treasury under the EU single market?
Of course, our direct budget contribution saving of £20bn a year, £17bn reduction in food costs from scrapping the CAP, £3.3bn from reclaiming our fish stocks from the CFP and de-regulation savings of perhaps £15bn a year are nowhere mentioned by the Euphiles. Nor are England's vast shale-gas reserves in our 200 mile limit in the North Sea. Nor the tsunami of increased trade with the Anglophone Commonwealth, currently restricted from EU markets. But expect the Euphiles to fight like cornered rats - they're not going to give up all they gain at our expense easily.