Reply to post: Re: Not quite so fast....

Max Schrems is back: Facebook, Google hit with GDPR complaint

Anonymous Coward
Anonymous Coward

Re: Not quite so fast....

"Yes we are a net contributor to the EU"

So as stated, it costs us £160 million a week net in cash terms. The Brexit bus rather misleadingly said that "we send Brussels £350M a week" which is true, but rather naughtily didn't mention that we get about £190M a week back in net benefits.

As with most businesses you have to look carefully at what you get back, because with EU membership we don't get charged for some things, e.g. border taxes and crossings, as well as intangibles such as consistent and standardised regulations, so if you are a manufacturer and distributor of, say chemicals, then you know that your business doesn't have to worry about a different regulatory regime for different countries."

We will be free to negotiate similar agreements with the rest of the planet. And we can retain / adopt regulations that make sense and ditch those that have a greater cost than benefit to us.

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