UK FAMILIES WILL BE BETTER OFF OUT OF THE EU, SAYS EXPERT

by liamssoft | January 9, 2012 at 08:31 am

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THE average family would be much better off if we left the EU, according to a leading economist.

Professor Patrick Minford said living standards would rise as Britain enjoyed freedom from the "haven of regulation and state intervention" in Brussels. He suggested the UK will probably "detach itself to a large extent" from the EU over the coming decade.

But leaving altogether could mean cheaper food, clothing and other goods thanks to competition.

An economist at Cardiff Business School, Prof Minford said: "What the EU does is raise the prices of most things traded within Europe through protection given to its single market by trade arrangements.

"Cars, computers, clothes, machinery, food - all have their prices held up by the restrictions on imports from cheaper sources, often China, but also India, New Zealand and South Korea.

www.express.co.uk