But is this an accurate position to occupy?
LEAVE
If we were to leave the EU then the UK would merely need to negotiate trade agreements with nations (and even EU member states) to trade with them in a mutually beneficial way - and, as under Article 50 of the Lisbon Treaty, we would have two years to negotiate a new agreement on trade, we would be able to continue exactly as we were when we were in Europe with regard to EU member states - so we would lose nothing and gain our own sovereignty. We cannot lose.
And of course the Commonwealth, America and other nations outside of the EU would be keen to arrange trade agreements with us so we'd have the best of it everywhere. We'd be like Norway and they are doing alright out of it!
STAY
"Wait a minute," says the 'stay' side of the argument, "What makes you think the US or the Commonwealth will be that keen to make trade deals. Obama said that that wouldn't happen anytime soon!"
And you know what, they are right. In fact, it seems Article 50 comes into effect when we sign on the line to leave (not when we think we need it to come into effect) and so, from signing to agreements, we have but 24 months of continuing as we were (and if that's good for us, why are we leaving?) and then we would need a new agreement in place - which surely wouldn't be as beneficial as being a member nation - it it was, where's the benefit in joining anyway?
Should no agreement be made then we would be subject to the agreed World Trade Organisation's (WTO) tariffs and this would mean that we would be facing an additional bill somewhere around 2% of our Gross Domestic Product (GDP) which in real terms means something around £7.5 billion - which suddenly makes leaving rather unattractive - in fact it means that what we have saved will be spent just compensating for the exit.
And then we might just find that new regulations and 'Buy European' campaigns, benefits for EU member states, discounts and other 'anti-UK' trade measures might see us well and truly becoming the poor man in the area. Still, on the bright side, rather than see economic migrants coming to our shores, we'd probably be exporting them!
Seems to me that the potential of leaving so we can stop sending money to Europe so we can compensate out manufacturing and exporting folk (so where's the money for the NHS coming from if we've already committed it in this area?) is foolish. Once we are out the EU can create new legislation and impose demands upon us that we will have no say in - and will potentially leave us hamstrung.
I'm beginning to think that I'd rather be an effective member of the EU than a new 'third world nation' just off the coast of the world looking to live off of handouts and calling in old relationships (which might confirm that the days of Empire don't have the legacy we think they have)!
And of course the Commonwealth, America and other nations outside of the EU would be keen to arrange trade agreements with us so we'd have the best of it everywhere. We'd be like Norway and they are doing alright out of it!
STAY
"Wait a minute," says the 'stay' side of the argument, "What makes you think the US or the Commonwealth will be that keen to make trade deals. Obama said that that wouldn't happen anytime soon!"
And you know what, they are right. In fact, it seems Article 50 comes into effect when we sign on the line to leave (not when we think we need it to come into effect) and so, from signing to agreements, we have but 24 months of continuing as we were (and if that's good for us, why are we leaving?) and then we would need a new agreement in place - which surely wouldn't be as beneficial as being a member nation - it it was, where's the benefit in joining anyway?
Should no agreement be made then we would be subject to the agreed World Trade Organisation's (WTO) tariffs and this would mean that we would be facing an additional bill somewhere around 2% of our Gross Domestic Product (GDP) which in real terms means something around £7.5 billion - which suddenly makes leaving rather unattractive - in fact it means that what we have saved will be spent just compensating for the exit.
And then we might just find that new regulations and 'Buy European' campaigns, benefits for EU member states, discounts and other 'anti-UK' trade measures might see us well and truly becoming the poor man in the area. Still, on the bright side, rather than see economic migrants coming to our shores, we'd probably be exporting them!
Seems to me that the potential of leaving so we can stop sending money to Europe so we can compensate out manufacturing and exporting folk (so where's the money for the NHS coming from if we've already committed it in this area?) is foolish. Once we are out the EU can create new legislation and impose demands upon us that we will have no say in - and will potentially leave us hamstrung.
I'm beginning to think that I'd rather be an effective member of the EU than a new 'third world nation' just off the coast of the world looking to live off of handouts and calling in old relationships (which might confirm that the days of Empire don't have the legacy we think they have)!


