Top 100 EU regulations to cost UK economy £184 billion by 2020

Open Europe published in December 2009 a ‘Top 100 list’ of the most costly EU regulations introduced in the UK since 1998. Based on the UK Government’s own impact assessments, Open Europe estimates that the top 100 existing EU laws will cost the UK economy £184 billion between 2010 and 2020, even in, what is calls, the unlikely event that no new regulations are be passed during that time period.

For the same amount of money, the UK could abolish its entire budget deficit.

Open Europe finds that while the UK benefits from some of these regulations, many laws originating in Brussels are overly prescriptive and unnecessarily burdensome. An incoming UK Government must take a radical new approach to EU legislation.

• Primary Source

ESO: Background information: Out of control. Measuring a decade of EU regulation http://www.europeansources.info/record/out-of-control-measuring-a-decade-of-eu-regulation/

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