Re:The Brexit Possibility
by gadders on Tuesday June 28, 2016 @12:58PM
(#11995378)
You realise all the "EU funding" is just them giving us back our own money, right? We're a net contributor. We could replace all the EU funding/subsidies with payments from Westminster and still have cash left over.
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Re:The Brexit Possibility
by matthewmacleod on Tuesday June 28, 2016 @01:55PM
(#11995913)
That's a bit of a faulty sum that excludes externalities though. If we end up outside the single market and the economic cost is substantial, then any reduction in EU contributions will be outweighed.
UK is a net beneficiary for research funding.
https://www.researchgate.net/blog/post/uk-scientists-rely-on...
> RG: What do you think Brexit’s impact on research and science in the UK will be?
> Wilsdon: On top of six years of flat funding from our own government, we now have to contemplate a significant reduction in research funding from Europe. It’s important to remember that the UK is a net beneficiary in this area: between 2007 and 2013 the UK received an estimated €3.4 billion more than it paid into the EU in terms of funding for research and innovation. So losing those funds will further destabilize our research system, and for some subjects, particularly in the social sciences, the proportion of EU funding is 20, 30 or even 40% of the total.