January 12, 2012
I greatly welcome the publication by Open Europe of their paper on repatriating EU Social Policy. You can view the report here. It is of fundamental importance to the jobs and growth agenda in the UK, and is unique in that it quantifies the cost to the UK economy of complying with EU Social Policy at £8.6bn per year. While there are clear benefits to some social and employment law, Open Europe calculate that cutting EU regulation in this area by 50% would create 140,000 jobs in the UK. This is hugely significant at a time when economic growth remains slow.
What is also clear is that even though there is disagreement among politicians about the desirable extent of Social and Employment legislation, there is a growing consensus that decisions are better taken at a national, rather than European, level. The left may increasingly come to the view that EU legislation […]