The economic and financial costs and benefits of the UK’s EU membership Contents

Contents

Terms of Reference

1 Introduction

2 Claims made by the campaign groups

Background

Claims about the size of the UK’s contributions to the EU budget

Claims about the impact of EU membership on consumer prices

Claims about the impact of EU membership on employment

Claims about the costs and benefits of EU regulation

Claims about the impact of EU membership on GDP and household incomes

3 The short-term effects of leaving the EU

Consequences of uncertainty

Policy response and contingency planning

Length of period of uncertainty

4 The long-term risks of staying in the EU and the Government’s renegotiations

Summary

Economic governance and the risks of further Eurozone integration

Migration and welfare

5 The long-term impact of leaving the EU: the economic relationship between the UK and the EU

Context

Implications of different trade relationships

Summary

Implications for trade in goods

Implications for trade in services

Focus on financial services

Implications for inward foreign direct investment

6 The long-term impact of leaving the EU: the economic relationship between the UK and the rest of the world

Success of EU external trade policy and status of existing free trade agreements

Negotiating trade deals outside the EU

7 The conduct of the Committee’s inquiry

Difficulties in securing witnesses and evidence

Conclusions and recommendations

Formal Minutes

Witnesses

Published written evidence

List of Reports from the Committee during the current Parliament





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27 May 2016