"There are billions of pounds that we send to the European Union every year and the Institute for Fiscal Studies has pointed out that if we took that money back we could spend it on our NHS, we could use it to reduce VAT on fuel …"
Michael Gove, Sky News, 3 June 2016
Actually, the IFS predicts that leaving the EU would be bad for public finances overall.
"…we conclude that leaving the EU would not, as Michael Gove claims we said, leave more money to spend on the NHS. Rather it would leave us spending less on public services, or taxing more, or borrowing more."
IFS Blog, 6 June 2016
The IFS has restated its position in full.
"The net UK contribution to the EU over the next few years is indeed likely to be about £8 billion a year, £8 billion which would become available for other things were we to leave. However... there is virtual unanimity among economic forecasters that the negative economic effect of leaving the EU would be greater than that."
IFS Blog, 6 June 2016
Experts on both sides agree that the potential saving on the UK's EU membership fee is less important than the overall effect on economic growth.
The integrity of our elections is in danger, and we need your help
You’re probably here looking for facts. Thank you for that trust. But with the EU parliament elections on the way and more elections a possibility, we need to act now to make sure our elections are protected, before it’s too late.
Could you help protect our elections by becoming a Full Fact donor?
Misinformation isn’t new, but advancements in technology mean it can spread at an unprecedented scale. Our dangerously outdated election laws have not kept up with the digital age, putting our next elections at risk of abuse.
Currently, it’s possible for a candidate to run a thousand different political ads to win the same seat, promising something different to each group it targets. At the same time, there’s no law requiring those who publish online campaigns to disclose who they are or how they are funded. The opportunity for bad actors to manipulate election results is left wide open.
You may already know about our work to make public debate online more honest and transparent. Every day, we call out the most harmful misinformation on social media platforms when and where we see it. But right now, we’re urging the government to overhaul our election laws to make sure political campaigning is held to the same level of scrutiny online as it is offline.
This work all depends on the generosity of hundreds of people who all believe that for democracy to work, we need transparency. Our monthly donors help strengthen our voice, and show our politicians that this really matters. Would you consider joining them?
Become a donor today to make sure our elections are protected.