EU: In or Out

The EU referendum is an important milestone.  Here are a few points from both sides, each one has counter points it seems.

In:

No questions asked about being an unrestricted part of the biggest market in the World.

UK a place to invest for access to the biggest market.

Able to use the weight of the EU in international trade agreements with other big world powers.

Able to participate in setting standards for trading, business and regulation in the EU.

The EU is our biggest market for trade and will get bigger as it recovers.

The UK plays a big part in the EU and leaving it will make western Europe weaker against other parts of Europe, and all Europe weaker in the world.

UK able to veto EU measures and influence them towards our requirements.

Out:

More self governed, within international laws.

Will be able to trade with non-EU countries subject to new agreements or using World Trade Agreements.

Will be able to import food from cheaper countries.

Will be able to have own Human Rights Laws, maybe.

Will not have to pay to the EU £18bn a year of which we get £10bn back making £8bn.  Although we’ll need to pay for a free trade agreement with the EU and other unknowns.

Will be able to control our own borders, although the EU often insists on access as part of a trade agreement and being outside won’t change non-EU immigration.  There are millions of Britons in the EU and their future will be less certain.

According to Out campaigners the EU will be desperate to trade with us.  Although if 50% of your income came from one place against 10% for another do you not think the 50% would be the biggest pressure.

Will need to accept EU rules without having a say for most of our trade.

Potential risks to our Services industries an area that tends to be outside both the US and EU trade agreements.  Also the EU could take a stronger line on trading in the Euro by a country outside the EU.

Likely to create a hostile atmosphere make dealing with the EU more difficult, especially as the EU needs 27 countries to agree.

Leaving will create difficulties in the UK in that Scotland could agitate for another referendum, although how successful that will be isn’t known with the dependence on oil coming to the fore with the low price.

As yet the Out case appears a big risk and to create the so called Project Fear is a true reflection of the risks of leaving.

This entry was posted in Political, Uncategorized. Bookmark the permalink.