Review by Sean Gabb Time to Say No: Alternatives to EU Membership by Ian Milne Civitas, London, 78pp, £8.00 ISBN: 978-1906837327
In its supporting evidence, this is a very useful book. In its overall purpose, it is quite useless. Its former is the claim that British membership of the European Union does not pass any kind of cost-benefit analysis. Our trade outside the EU has been growing much faster than our trade within. This will continue for at least the next generation, as the main EU countries are demographically in decline and, on the whole, stagnant economically. Indeed, taking into account direct and indirect costs of membership, the gains from being part of the Single Market could be negative. In purely economic terms, Britain is better off out. Continue reading →