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| Comedian gains kudos from Anti-Austerity |
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Annual Survey of Hours and Earnings (ASHE) weekly earnings |
EU Balance of Payments Deficit
Membership of the EU is accompanied by a £100 bn per annum Balance of Payments Deficit with the EU. This is the total amount of money that is gained by the EU as a result of trading with and performing financial transactions with the UK. The UK is an overpopulated country that depends upon making a profit from overseas trade to remain wealthy but it makes a gigantic loss with the EU.
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| ONS Data |
The Balance of Payments Deficit with the EU is almost equal to the entire amount of the NHS budget every year. It is enormous and unsustainable.
See Membership of the EU: Pros and Cons where you can find links to check these figures. They have been suppressed by the media.
The EU Demands Austerity
The Budget Deficit (overspend by the government), although originally due to the financial crisis, is now closely linked to the poor trading performance with the EU via lowered tax revenues and to low wages through "in work" and other welfare payments. However, the UK government has signed the Lisbon Treaty which contains the Treaty of Functioning of the European Union that limits deficits. The UK has been warned on multiple occasions about the deficit . It is now subject to a Commission recommendation for a Council Decision Establishing Inadequate Action. According to Lisbon, if the a country ignores a Council decision the European Court of Justice can impose a fine for Treaty Violation. All political parties that are committed to the EU must also be committed to getting the deficit below 3% and hence to austerity.
The EU is much more austere than the UK, even a UK under the Tories. Brussels does not give a damn about the Greeks going without pensions or healthcare and certainly don't care about a few cuts in the UK.
The EU has not had its accounts passed for 19 years, it is a corrupt organization and corrupts those who engage with it.
A REMAIN vote in an EU referendum will result in the UK becoming fully integrated into the EU and, with the UK controlling only 1 in 12 of the votes on the EU Council and no veto, there will be few ways to improve the Balance of Payments Deficit with the rest of Europe or end Austerity. In fact we will be committed by treaty to much more severe austerity.
Labour Competition
What I am going to describe is obvious and well known but, somehow, the UK population has been taught that it is "evil". There have never been so many people in work, which sounds "good":
However, if you increase the supply of something in an economy its price tends to fall. The price of workers has fallen. This makes you poor. One sixth of the UK workforce comes from overseas and about half of the growth in the workforce since 2010 comes from the EU. As Mark Carney, the Governor of the Bank of England said, the increase in the size of the workforce had ‘contained wage growth in the face of robust employment growth’. He added: ‘A key risk [to the economy] is that these subdued growth rates [in wages] continue.’ (See Bank of England Downgrades Growth Forecast). OK, he could be wrong, employers might be dying to pay everyone more than they need to pay them. You can tell if you are a victim of propaganda if you simply dismiss Mr Carney and the laws of supply and demand in favour of what the BBC has told you to think.
The Anti-Austerity marchers can cure their poverty by voting LEAVE in the coming referendum but first they will need to throw off the EU propaganda that is coming at them from all sides. The big problem is that the BBC, and other sources of propaganda, give huge publicity to individual businessmen who benefit from the EU and never tell us the real trade or employment statistics.
You do realize that the EU has corrupted our entire political class and their media. There is no other explanation for the suppression of the trade figures and the perpetual insistence that creating a surplus of available labour does not suppress wage rates. There is no other explanation for the way that the media does not even mention the Lisbon Treaty or the condemnation facing the UK if it does not impose Austerity.
Take a look at the rest of this magazine if you want to find out more about the UK's relationship with the EU. Remember, the pro-EU faction has all the power and media presence and will answer any critique with "its not happening" or with accusations of racism when we are indeed living the reality of the EU and it is the crushing of diversity by the EU that is the ultimate racism.
Link with http://tinyurl.com/q268nn6
Also see Membership of the EU: Pros and Cons
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