All posts tagged: EU

Is EU regulation really so bad for the UK?

Government estimates suggest that around half of all UK legislation with an impact on business, charities, and the voluntary sector originates from the EU. This is often used as an argument in favour of Brexit. But the overall costs and benefits of EU regulation are rarely scrutinised in depth. The UK government’s position since the 1980s has been that regulation in general acts as a drag on enterprise, innovation and investment, with ruinous implications for growth and employment. This thinking has long underpinned antagonism towards the EU and is lent support by numerous studies that have provided eye-watering estimates of the costs of EU regulation to UK business. Take claims made by the Leave campaign in the lead up to the referendum. Drawing on estimates produced by the think tank Open Europe, it was claimed that EU regulations cost the British economy £33.3 billion a year. The benefits of key regulations were also described as “vastly over-stated”, with more than half providing “no clear benefits”. Estimates of the costs and benefits of EU regulation, like …