The European Commission proposes to forge ahead with eyewateringly
expensive initiatives designed to mitigate climate change. The estimated cost
of these programmes is €73 billion a year across the EU by
2020. In the UK, it will cost £9 billion a year by 2020. It is expected to
force a million more households into fuel poverty. These policies are likely
to raise average domestic fuel bills by up to £200 a year,
while the total economic cost would average around £600 per
family
Is the euro
Sustainable?
In this detailed examination of the severe strains facing the Single Currency
the Bruges Group finds that the entirely ‘man made’ problems that confront the
eurozone today have their origins in the fatally flawed notion that one
exchange rate and one interest rate are appropriate for economies with very
different and disparate sovereign governments
The EU’s Credibility
Crunch
The EU’s Economic Recovery Plan, agreed on Friday, 12th December, will cost
Britain 1.5% of GDP which is £25 billion; a sum our debt
laden economy simply cannot afford. That amount is equivalent to 6 pence off
the basic rate of income tax for a year
Honorary President: The Rt Hon. the Baroness Thatcher of
Kesteven LG, OM, FRS Vice-President: The Rt Hon. the Lord Lamont of Lerwick Co-Chairmen: Dr Brian Hindley & Barry Legg Director: Robert Oulds MA Head of Research: Dr Helen Szamuely Washington D.C. Representative: John O'Sullivan CBE Former Chairmen: Lord Harris of High Cross, Dr Martin Holmes,
Professor Kenneth Minogue
