"Be British tomorrow. Be European. Be part of the greatest continent mankind had ever known"by Edward Docx / June 22, 2016 / Leave a comment
By the weekend, this grim and unhappy referendum on our membership of the European Union will have passed from our national life. And what a relief for us all that will be. It has divided us against ourselves and made enemies of friends. We have seen too much of the worst of Britain and not enough of the best. Most will by now have made up their minds. But for those still deciding, one last effort at persuasion:
The Economic Argument:
If we leave Europe, we will have to renegotiate every single trade agreement we have with the rest of the world. This will swamp the civil service for decades and cause chaos untold—evolving chaos, immediate chaos—for every business, employer, employee or individual otherwise connected by trade, profession or exchange to any other nation on Earth. Assuming the British re-negotiators do the best possible job—and I am sure they would—the very most that they could possibly achieve would be deals no better than those we already have; the status quo. The process will take several years. In the meantime, the people who would suffer most in the ensuing downturn—and both sides agree there will be one—are those with the least amount of money to insulate themselves against it. There is no serious economic argument for Brexit which is why there are no serious economists making it.