We were looking at alternative investments for last week's Finance Fridays. The thought of investing in wine seemed appealing to many people but they weren't sure how long their investment would last!
I couldn't let this week pass without delving into the financial implications of next week's EU Referendum. This is not a political broadcast instead I have taken the current information taken from the official Vote Leave and Britain Stronger in Europe campaigns as time of writing. I have to give this disclaimer as both sides seem to be giving out fresh 'facts' everyday. Anyway, putting my lack of respect for either campaign to one side here's what both sides have to say:
Britain Stronger in Europe
- Annual contribution to the EU is £340 for each household but the CBI says that all the trade, investment, jobs and lower prices through being in Europe is worth £3,000 to each household.
- Remaining in Europe will create an extra 790,00 UK jobs by 2030.
- Being in Europe give us cheaper supermarket prices, cheaper flights to Europe and lower mobile phone charges whilst travelling in the EU.
- Free trade agreements with 50 countries around the world.
- The £350 million we give to the EU each week could pay for:
- 10 brand new schools
- 8,000 new police officers
- a fully staffed NHS hospital
- We'll be free to trade with the whole world allowing us to seize new opportunities which means more jobs.
- Scraping VAT on energy bills will save the average household £64 a year.
- Leaving the EU would allow the exiting of the Common Agricultural Policy (CAP) and therefore lower food prices.
Have you thought of the financial implications of being in or out of the EU? Will you be voting next Thursday?
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