Staying in Europe could add £58bn a year to the UK economy and bring 790,000 jobs to Britain according to a new independent study.
The report, from the Centre for Economics and Business Research, concludes that:
· Our membership of Europe could add £58bn a year to the UK economy by 2030 due to further economic reforms - equivalent to 2.8% boost in UK GDP
· The boost to GDP could deliver 300,000 new jobs by 2020, rising to 790,000 by 2030
· Even without further reforms, exports to the EU are worth £187 billion a year to the UK economy and that could rise to £277 billion a year by 2030
· And exports to the EU are already associated with 3.1 million UK employees
The report makes it clearer that Britain’s economy is stronger in Europe than out on our own.