CHAOS IN THE EU - PULL OUT SAYS MAJORITY IN BRITAIN

Submitted by: Donald Hank

They should have thought of this before.

Why in heaven's name would any European nation turn over its sovereignty to an unelected group of commissioners in the first place?

This new consensus should have been there to begin with. All of this could have been avoided simply by refusing to surrender national sovereignty!

Oh well, hindsight is better than nothing.

Don Hank

Majority of voters want us to pull out of the EU because of economic chaos

• Britain faces £43bn loss if Italian economy collapses
• MPs vote to almost double Britain's IMF loaning capacity to £20bn
• Some confidence restored to market as Italy secures further borrowing

By Tim Shipman

Last updated at 2:01 AM on 13th July 2011

 

An overwhelming majority of voters want Britain to withdraw from the European Union – with support draining away thanks to the economic chaos surrounding the single currency.

A poll released to the Daily Mail shows the public would vote by 50 to 33 per cent to abandon Brussels if a referendum were held tomorrow, a huge lead of 17 points. 
The poll shows the euro crisis has turned conventional political wisdom on its head and will fuel demands for David Cameron to renegotiate Britain’s relationship with Brussels.

Plunge: Traders were left reeling today after the FTSE saw a 100-point fall in the wake of the Italy crisis (file picture)

Under pressure: Italian Prime Minister Silvio Berlusconi is fighting to stabilise his country's economy

 

It came as Chancellor George Osborne joined talks in Brussels as the single currency plummeted to a four-month low against the U.S. dollar.

The poll was conducted by YouGov@Cambridge for political news website Dods PoliticsHome.

It found that the majority in favour of withdrawing from the EU among the over 60s – the age group most likely to vote – is 61 per cent to 29 per cent, a margin of more than two to one.

Crucially, 34 per cent of voters say they are now more favourable to withdrawal because of the Greek financial crisis. 

Of those 18 per cent, more than half, said they were ‘much more favourable’ to withdrawal.

More than seven out of ten voters have concerns about the impact of the Greek meltdown on the UK and 64 per cent blame the EU and the European Central Bank.

 

Share trend: Stocks rallied last week but investor optimism faded as the eurozone debt crisis took centre stage again

 

MPS VOTE TO DOUBLE OUR IMF LENDING TO £20BN

MPS have agreed to almost double Britain's lending capacity to the International Monetary Fund to almost £20 billion.
The Treasury said the increased maximum borrowing level would not impact on taxpayers because loans to the IMF were made from foreign currency reserves.
The move to double resources was agreed in principle by IMF member states in April 2009, well before euro debt crises hit Ireland, Portugal and Greece.
MPs voted to approve the draft International Monetary Fund (Increase in Subscription) Order by 274 votes to 246, Government majority 28.

By 44 per cent to 39 per cent, voters think Britain will be ‘poorer and weaker’ in ten years’ time because of the euro crisis.

The poll findings were seized on by Tories who are leading a revolt against Britain being sucked into further bailouts. Taxpayers have already contributed £12.5billion to prop up Greece, Portugal and Ireland.

Some 32 Tory MPs voted to oppose a £9.3billion rise in the sum that Britain contributes to the International Monetary Fund.

Former Cabinet minister John Redwood said that at least 80 Tory MPs either voted against the Government or abstained – a clear signal of discontent about the EU crisis. He said: We need to secure a better deal for Britain. That means less European government and fewer Euro taxes.

Tory MP Philip Davies said: ‘The public can see the European Union is bleeding us dry.’

He added: ‘Our future is going to be trading with India and China and South America, not a backward-looking, inward-facing protection racket like the EU.’