Tuesday, 12 April 2016

To Stay or Not to Stay That is the Question

Reality Check: The EU referendum : Key Points  Sometimes the BBC gets it right one of the best sources of facts regarding the key points ive found.

The UK's EU referendum: All you need to know   What are the main changes David Cameron has agreed?
Mr Cameron agreed a package of changes to the UK's membership of the EU after two days of intensive talks with other member states' leaders in Brussels in February. The agreement, which will take effect immediately if the UK votes to remain in the EU, includes changes to:
  • Child benefit - Child benefit payments to migrant workers for children living overseas to be recalculated to reflect the cost of living in their home countries
  • Migrant welfare payments - The UK can decide to limit in-work benefits for EU migrants during their first four years in the UK. This so-called "emergency brake" can be applied in the event of "exceptional" levels of migration, but must be released within seven years - without exception.
  • Eurozone - Britain can keep the pound while being in Europe, and its business trade with the bloc, without fear of discrimination. Any British money spent on bailing out eurozone nations will be reimbursed.
  • Protection for the City of London - Safeguards for Britain's large financial services industry to prevent eurozone regulations being imposed on it
  • Sovereignty - There is an explicit commitment that the UK will not be part of an "ever closer union" with other EU member states. This will be incorporated in an EU treaty change.
  • 'Red card' for national parliaments - It will be easier for governments to band together to block unwanted legislation. If 55% of national EU parliaments object to a piece of EU legislation it will be rethought.
  • Competitiveness - The settlement calls on all EU institutions and member states to "make all efforts to fully implement and strengthen the internal market" and to take "concrete steps towards better regulation", including by cutting red tape.
  • Some limits on free movement - Denying automatic free movement rights to nationals of a country outside the EU who marry an EU national, as part of measures to tackle "sham" marriages. There are also new powers to exclude people believed to be a security risk - even if they have no previous convictions.

UK and the EU: Better off out or in?  A referendum on whether Britain should remain in the European Union is to be held on Thursday, 23 June,

Reality Check: Has referendum weakened the pound?  Reality Check verdict: The referendum debate is likely to be one of the factors weakening the pound, but things like delayed interest rate rises are also responsible.

EU referendum: Moody's predicts 'small' UK economic hit from EU exit  The UK economy would be hit by leaving the EU, but the impact would be "small" and unlikely to lead to big job losses, according to credit agency Moody's.

IMF: EU exit could cause severe damage  The UK's exit from the European Union could cause "severe regional and global damage", the International Monetary Fund has warned in its latest outlook.

On Brexit, IMF is speaking Osborne’s language

Reality Check: Should you care about economic models?  As the EU referendum campaign continues you will be seeing lots of headlines about how much Brexit would cost or benefit the UK economy, or indeed how much staying in will cost the economy.
Now, some of these figures will be plucked out of the air, but some of them will be based on serious economic modelling - carried out by folk with brains the size of planets, most likely swimming around in think tanks.
Should you believe all of them, some of them or none of them and how do you know which to treasure and which to discard?
Reality Check: Would Brexit cost every household £850?  The UK leaving the European Union would knock £850 off the average UK household's income, according to a report from the Centre for Economic Performance (CEP) at the London School of Economics.
Reality Check: Did the UK lose its sovereignty in 1972?  Mayor of London Boris Johnson says: "You cannot express the sovereignty of Parliament and accept the 1972 European Communities Act."

Jeremy Corbyn: leaving EU would lead to ‘bonfire of rights’
Who are the Tory MPs on each side of the EU debate?
The Guardian view on parliament and Europe: a cold blast of reality in the hothouse
Britain would be 'killed' in trade talks if it left EU, says French minister
Brexit unlikely to cause significant fall in immigration, says report
IMF chief issues impassioned plea for Britain to stay in EU
Bank of England warns Brexit could do serious harm to UK economy

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