The Budget does nothing to address huge cost of EU membership

There’s one budget which the Chancellor’s speech yesterday didn’t address – we will continue to pay £350 million to Brussels every week of the year. Indeed, documents published alongside the Budget revealed that payments by UK taxpayers into the EU budget will actually increase over the next 5 years.
George Osborne claimed that the independent Office for Budget Responsibility had warned against a ‘Leave’ vote – but, despite the Chancellor’s spin, it did no such thing. In fact, the OBR clearly stated that it is ‘not for us to judge at this stage what the impact of “Brexit” might be on the economy and the public finances’. You can read our response to the Budget here.
One thing the OBR did make clear was that the Government will miss its target of getting net migration down to the tens of thousands if we stay in the EU. It is also worth remembering that Sir Stephen Nickell, a leading OBR economist, said last year that the PM’s curbs to migrant benefits would make ’not much’ difference to the number of people coming here from the EU. The only way to take back control of our borders and create a fairer immigration system is to Vote Leave.
Millions of women will still pay the tampon tax
The Chancellor also failed to scrap VAT on women’s sanitary products. EU law means that the UK Government cannot lower the level of tax applied to tampons below 5% without consent of the European Commission and agreement by all 28 member states. This is yet another example of how much control we have given away to Brussels.
The people responsible for setting taxes in this country should be the people we elect – not unelected EU judges and bureaucrats. The only way to take back control is to Vote Leave.


Today’s must-reads

Tory Eurosceptics to join revolt over tampon levy – Times
George Osborne accused of ‘politicising’ independent forecaster over Budget Brexit row – Telegraph
The EU deal with Turkey is fraught with dangers – Lord Owen, Telegraph
The OBR is relaxed about Brexit – contrary to what Osborne suggested –Spectator
London remains top investment location for Middle East despite Brexit fears – CityAM
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