yes, to prop up the european banks.
There was zero benefit to Britain being in the EU.
Ted Heath was WARNED by his Cabinet that signing Britain into the EEC beginning the 1973 session was tantamount to high treason, which he duly ignored. Had DeGaulle somehow managed to carry on his Presidency through the 1970s, he no doubt would have continued to veto Britain’s entry for his own reasons - which would have done Britain a favour. Thanks, France.
Through the 1980s, Britain, being then the third POOREST EC member state, was also its biggest net contributor. Thatcher negotiated a “rebate” by threatening to withhold EC payments, which rebate came in the form of increased farming subsidies (which went further to destroy our agricultural industry).
In return, Britain was forced to buy 60% of its coal from France. This brown coal was of poorer quality than our local coal, and came at three times the price.
As to currency, how many EU member states using the Euro have defaulted on national debts now? Right at this moment I can name four: Italy, Greece, Spain, Eire. Greece to the point where twice in the last ten years they have mandated the shutdown of public banking facilities to prevent people accessing their own money. In Spain entire cities stand empty. There is a road in the South of the country that stops halfway up a mountain. There’s no money to finish it. It’s all been eaten up in inflation and toxic debt trading.
Soooo… tell me again, how was being an EEC/EU member state good for Britain?
(where in my home city two BILLION of public money has been spent on a tram network nobody asked for, which now runs at a net LOSS of over £6,000 an hour. The previous tram network we had was declared defunct with the introduction of trolley buses, also ran at a massive loss and was every bit as unreliable as our current one is).