There’s one thing above all you should know about Brexit before you decide how to vote: the contents of Article 50 of the Lisbon Treaty. The full text is below. “It’s a real horror—and no one outside the negotiations really knows about it,” said one senior official to me.
Clause 4 says that after a country has decided to leave, the other EU members will decide the terms—and the country leaving cannot be in the room in those discussions. Repeat: we’d have no say at all on the terms on which we’d deal with the EU from then on, and no opportunity to reconsider.
Think about it. If British people voted to leave, they might have based their decision on their best guess, in all the heat of the debate, about the answer to the 12 questions set out here. But the real answer to many of those questions would be hammered out only after the vote. We wouldn’t have a seat at the table in those talks between the remaining 27 members. They’d decide it themselves. We’d be presented with those terms. And if we didn’t like them, we couldn’t vote again; the decision would have been taken.
Last month, Anatole Kaletsky made the point that some EU members might seek punitive terms on future dealing with Britain, out of anger, or simply seizing an opportunity.