“Depressed, devalued and in debt – your CIBUK lifts the lid on the EU economy.”

It’s one thing to persuade a nation to surrender its currency in favour of a stronger one inside a thriving trading block. But with the euro falling against the dollar, and the eurozone bingeing on debt-fuelled growth under the guise of net-zero investment, those who continue to advocate this policy must take the British people for fools.

We are indebted to our research-based affiliate BrexitFacts4EU for the following three reports – based as they are on incontrovertible and meticulously researched facts.

To those by contrast who wish to re-join the EU we invite them to consider the following:

• If you want to re-join the EU you will have to lose the Pound and sign up to the euro
• The UK would once again assume joint liability for the EU’s combined debts
• To cap it all, latest figures indicate Germany is in recession and the UK is not

It is vital we circulate these findings among as many of our readers and subscribers as we can. We thank you for your attention and urge you in turn to pass these reports on.

1. Rejoiners – if you want to go back into the EU you have to lose the Pound

Those who wish us to re-join the European Union will have to address three issues.

1. Surrendering the pound and signing up to the euro is a pre-condition for re-joining the European Union. In the words of the ECB ‘adopting the euro is an important step of EU membership.’
2. In doing so the UK would be jettisoning one of the strongest and most endurable currencies in the world. After the dollar, the euro and the yen, the Pound Sterling is the fourth most-held reserve currency around the world
3. Why would one trade in a currency which has been in existence for around 800 years for a half-baked single currency which is in existential crisis and has lost 11% of its value against the dollar since the UK left the European Union?

© Brexit Facts4EU.Org 2023 - click to enlarge

To access the article in full, click on the link here.

2. If the UK were to rejoin, the liabilities from losing the pound would be enormous

But don’t take our word for it. We quote verbatim from a speech which EU Commission President Ursula Von de Leyen delivered at the headquarters of the European Central Bank (ECB) in Frankfurt last month on the ‘European Green Deal’ – the EU’s plan for transitioning from fossil fuels to renewables.

Europe’s ‘green and glorious future’

“We have started issuing green bonds worth EUR 250 billion as part of NextGenerationEU. This makes us the largest issuer of green bonds in the world. Now we must stay the course to ensure that Europe delivers on its collective commitment to a sustainable future. And the ECB is of course playing its part – from assessing financial risks related to climate change, to greening monetary policy operations, and helping to scale up green finance.”

That alone should set the alarm bells ringing. How often have we heard European figures issue grand and expensive proclamations without the least regard to the cost and consequences for the European taxpayer?

Reality Check

Respected independent economist and banking expert, Bob Lyddon, exposes the reality of this latest initiative:

Full details of the EU Commission President’s speech and our affiliate’s assessment of it can be read in full here.

3. Germany is now in recession, Brexit Britain is growing

Latest figures show the UK economy is doing better than the EU’s biggest and finest. The data is striking and unambiguous. While Germany has been in recession for the past two quarters, the UK economy has continued to grow.

© Brexit Facts4EU.Org 2023 - click to enlarge

Facts speak louder than Forecasts

Commenting, Ben Philips, Communications Director for CIBUK said, “Not for the first time, the IMF’s credibility has been called into question after it was forced to dramatically revise its economic growth forecast for the UK upwards by 0.7% having predicted in April that it would contract. Their original forecast was -0.3%. In fact the UK economy grew by +0.4%. That’s the difference between recession and growth.

“While bodies such as the Treasury, the OBR and the IMF specialise in forecasts, CIBUK and its affiliates prefer to rely on facts.”

A full link to the article can be found here.

As ever we maintain a watching brief.
Yours sincerely,
Ben Philips
Deputy Chairman and Communications Director, CIBUK.org

The Campaign for an Independent Britain
4 Old Park Lane, Mayfair, London W1K 1QW
+44 (0)20 7788 7790