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Old 05-30-2004, 10:00 AM   #16
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It may be true that part of the VAT goes to Europe. On the other hand, the UK also receives money from Europe. To develop problematic areas, to stimulate culture, to preserve monuments, etc. It may be that the UK is even a net receiver of money (i.e. it receives more from Brussels than it has to pay). So yes, when Britain would not be part of Europe then they would be able to keep all the VAT to themselves. But they also would not receive any additional money (subsidies) from Europe.
And then the isolationism would come into play. London is still largely the financial centre of Europe. However, without a free movement of capital, etc. will it still be? Or will many financial institutions move to Frankfurt to stay in the EU. And this will probably be the case for some other sectors too. So don't define it too narrowly as a money to pay to/receive from Brussels issue.

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Old 05-30-2004, 10:13 AM   #17
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hmm well i suppose technically northern ireland does benifit from europe the most because we technically pay the least if you count us as separate from england (northenr ireland as a provence gets alot more money put into it than goes out in other words) but over in england the half VAT argument is one of the main taking points for anit european campaigns.. so i guess im not sure on this one! maybe its just the anti european campaigns way of getting an extra bullet point in the disadvantages!

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