BREXIT SAVES US BILLIONS IN EU FEES AND MEMBERSHIP COSTS
In Sep 2021 the UK signed a trilateral security and defence partnership with the USA and Australia, known as the AUKUS agreement. As an EU member, the UK was limited to working within the EU Common Foreign & Security Policy – preventing such an agreement.
Explanation:
In September 2021, the UK signed a trilateral security and defence partnership with the USA and Australia, known as the AUKUS agreement. This agreement centres around closer collaboration between the military-industrial complexes of the three nations, with the first and more attention-grabbing part of that being the provision of nuclear-powered submarines to Australia using British and American technology – submarines that have since been agreed to follow UK designs and be prototyped and built initially in the UK, paid for by Australia.
As an EU member, the UK was bound to work within the commitments of the EU Common Foreign and Security Policy – something which would have prevented significant aspects of the AUKUS agreement from being signed up to by the UK, and so potentially sinking the entire agreement.
AUKUS has already resulted in billions of additional investment by Australia into the UK, and thousands of new jobs being created. Rolls Royce will be building the nuclear engines for example, in Derby. This would not be happening without having first left the EU.
Reference: https://researchbriefings.files.parliament.uk/documents/CBP-9843/CBP-9843.pdf