Will Straw

The evidence shows that EU membership boosts our economy

The Spectator is the latest publication to wade into the argument about facts in the EU referendum debate. As a campaign, we pride ourselves on using figures that come from expert sources like the Confederation of British Industry, the Centre for Economic and Business Research, The European Commission, the UK Government or bodies such as the Office of National Statistics.

Indeed we make a virtue of publicly highlighting the sources we use to support our case.

The £3,000 figure quoted in The Spectator‘s leading article is illustrative of the economic growth that arises from our membership of the EU and is an order of magnitude greater than the net cost. The £450 number is demonstrative of increased competition from open trade helping to lower prices. A number of bodies have cited the study on which it is based.

We recognise that all these are forecasts and assessments in an area in which it is formidably hard to be precise, but each is a legitimate contribution to our wider argument: our membership of the EU boosts economic growth, trade and lowers prices.

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