Stephen Doughty the Labour MP for Cardiff South and Penarth has today been attempting to rebut an authoritative prediction that the European Union will have to slash or totally terminate the money it gives Wales – even if the UK votes to stay in the E.U.
The forecast has been published by the respected Institute of Welsh Affairs on its website “Click” and is made by UK Treasury Minister Priti Patel
Treasury Secretary Patel – in Wales today – points out that there’s no guarantee that these “EU-branded funds” [ part of the money paid over to the EU by UK taxpayers – of which only a fraction is returned to Britain ] will continue beyond 2020.
In her Institute of Welsh Affairs article, Minister Patel says that if Britain votes to remain within the E U, the European Union’s finances are going to be so stretched by having to give money to newly-joined countries that structural funding for Wales would be either reduced ( as it has been in the past ) or terminated altogether after 2020.
Backbench Labour MP Stephen Doughty however has attempted to contradict Patel and asserted today :- “The fact is that no other part of the UK benefits as much from EU membership as Wales does and there is no real reason for us to believe that will change”.
The Treasury Secretary Ms Patel however is emphatic . She says ” Leaving the EU would mean that families and businesses in Wales would no longer have to fork out nearly £650,000,000 a year to pay towards the UK’s membership fee. That’s over £16,000,000,000 since joining the EU in 1973, which goes to the EU’s wasteful, corrupt and bureaucratic institutions which have not had their accounts given a clean bill of health in over 20 years”.
She asks “Would you entrust your savings to bank that had a track record of poor financial management, or hand money over to a conman? No you wouldn’t. But membership of the EU gives unelected bureaucrats the power to pillage our pockets in the most expensive daylight robbery in history.”
Treasury Secretary Patel says leaving the E U will “strengthen democracy and devolution in Wales”. Her full article is on the Institute for Welsh Affairs website on http://tinyurl.com/jmlourk