Stay or Go? – Our Economy
This one is easy, in my opinion.
Nobody seem to dispute that we are the fifth largest economy in the world. Or that we have a trade deficit with the EU.
I don’t believe that cutting off your nose to spite your face will ever appeal to rEU*.
*rEU – I had to waste 2 years using rUK as shorthand for what would have been left of my country if the sad SNP bastards had managed to detach Scotland from my fellow countrymen in England, Wales and Northern Ireland. For the avoidance of doubt, I have no similar emotional attachment to rEU, if we do decide to walk on 23rd June.
Moving on, the afore-mentioned SNP tried the nose-cutting argument in September 2014. They assured us that rUk would still love and respect us even after we had told them to take a walk.
The difference, of course, is that rUK are paying us for the privilege of our being rude to them. Whatever past oil revenue, us Jocks presently get more back from central UK funding than we contribute. This was not always the case in the past and it may not be in the future. Who knows?
Consistently, we Brits have been net contributors to the EU coffers.. The £350,000,000 weekly figure is, of course, a total pile of keech and I hope that Michael Gove and chums will apologise for that assertion in due course. Not holding my breath, to be fair.
The flow is, however, to there and not to here. That might have been acceptable in the days of high international trade tariffs. Not now.
Best estimates seem to suggest that we are paying 7% of our GDP to the EU for our allegedly level playing field. It also appears that that figure would be about 3% if we were in an EFTA liason with them instead. Can’t see a down side.
The Remainers go on to claim that our economy will tank if we opt out. Fair enough, but does that not mean that the £ will plunge, making our exports highly desirable? And will the EU traders who rely on their exports to us still not want to encourage us to buy their wares? Why would they impose tariffs on our exports to them in the sure and certain knowledge that we would be retaliating for their exports to us?
Not being an economist , I find it difficult to quantify the effect that Brexit will have on our future growth, be it plus or minus. Added to which, who cares?
Our country will always be more important to me than any balance sheet.
Leave 1 Remain 0.