According to the new ONS statistics out today, before taking into account the costs of debt management and EU membership, UK plc lost £46 billion during 2009.

On the same basis, during May 2010 UK plc lost £4.6 billion. Taken forward for 2010 as a whole, that would project to an annual loss of £55 billion.

Thanks to EU membership alone, that loss would double to £110 billion.

Now then all those academics, europhiles, and Labour-supporting fluffies, tell me if you can why an economic recovery would be good for Britain at the moment. And while you’re thinking on that, let me hypothesise thus based on the ONS data above: just as with the US economy, until such time as the UK rethinks its output mix, trading partners and costs of production, the last thing we should be worrying about as a result of austerity is the recovery faltering. Because a recovery based on New Labour thinking and EU membership is going to cost us £1 trillion a decade.

Don’t misinterpret this piece: I know as well as anyone the human misery that will result from the unemployment coming our way. But next time you vote, ask yourself these questions:

1. Was it not a combination of New Labour insouciance and banker greed that landed us in this mess in the first place?
2. Did New Labour face the problem, or simply lie about its existence?
3. Are very rich and unpleasantly fat banking and multinational people going to be motivated to stop this happening again?
4. Is UKIP really a credible Party to be speaking on behalf of commercial and libertarian commonsense?

Am I Left or am I Right? This is the question blinkered pedants will ask themselves. Everyone else will recognise my view for what it is: a practical appeal on behalf of the little people.

Related article: Why a boom now would bankrupt America.