§ Lord Pearson of Rannochasked Her Majesty's Government:
Further to the reply by Lord McIntosh of Haringey on 22 July (HL Deb, col. 3), how they calculate the figure of £1.75 billion as being the benefit to the United Kingdom gross domestic product derived from membership of the European Union; and what percentage that represents of the United Kingdom's total gross domestic product. [HL5565]
§ Baroness Symons of Vernham Dean£1.75 billion is the expected boost to UK GDP on the accession to the EU of the seven largest applicant countries. This figure was calculated by a team from the European Round Table of Industrialists and the Centre for Economic Policy Reform in 2000. A copy of the report is in the Library of the House.
This figure would represent 0.177 per cent of UK GDP (2001 figure).