The pro-Brussels tendency is known for propagating scare stories about the negative impact Britain will suffer from an exit from the EU, asserting that it will be impossible for the UK to sign favourable trade deals and its bargaining power will diminish. These are common complaints, but very little is brought forward to justify this notion. It often boils down to an attempt to stimulate a fear of “uncertainty”. Yet, a casual glance at the state of affairs in Europe suffices to contradict the fantasy they propose.
While the EU stumbles into a pointless trade-war with China over solar panels which had the potential to hurt the British economy (and jobs) because of the EU’s overly protectionist agenda, an interesting fact is woefully ignored by the press. Small Iceland already has a free trade agreement with China, something the EU lacks. Iceland saw a startling recovery since the 2008 recession and recently snubbed the EU by suspending membership negotiations, for good reason, despairing at the insanity of Brussels. Evidently, their leaders knew that membership was a con that would not benefit their nation, and instead would burden them with pointless regulations the likes of which hinder the British economy. On the other hand, Britain’s EU membership jeopardises our trade with the emerging economy of China over trivial issues.
Meanwhile, the much hyped US-EU free trade agreement has seen negotiations grind down as competing interests threaten the deal, with France insisting on protecting its cultural content. It is clear that membership of the EU undermines our trade with the rest of the world. Prior to membership, the UK already had a free trade agreement with Canada, and like Iceland we would be able to initiate free trade negotiations with emerging economies like China, India and resume our free trade with Canada. Our exports to the EU are tumbling while trade with the developing economies rises month by month. Switzerland and Norway already enjoy a free trade agreement with the EU while being able to secure their own bilateral agreements, and there is no reason we cannot follow suit.
As for the common counter-argument that by leaving, the UK will be obliged to adopt EU rules without having a say on them, is also misleading. Norway, Switzerland and Iceland put up with a small fraction of the regulations we get saddled, while in practise we have little say on EU legislation as more and more absurd rules flow out from Brussels. The UK government constantly protests but little can be done.
The pro-EU argument is as bankrupt as the languishing Member States that have been impoverished by Brussels. All the signs suggest that the UK can only flourish if we exit when the Great British Public votes to leave in the referendum.