Jane10
Are all the financial institutions which strongly recommend remaining in the EU wrong?
GISELA STUART (Leave) Economic forecasts and predictions are notoriously difficult to make and frequently wrong. In the case of many of these recent reports, not only have these bodies been unable to make accurate forecasts for the British economy over recent years, but none predicted the great recession of 2008 and many predicted disaster for the UK unless we joined the Euro. They were wrong then and it is highly likely that they are wrong now. A large number of business people believe that we would be better and stronger as a country outside the EU because it would give us greater control of our trade, borders and laws.
SAL BRINTON (Remain) The single market is the best economic relationship Britain can have with Europe. It allows us to trade without tariffs right across the continent and it gives us a say over the rules of doing business. That means it expands our home market from 65 million consumers to 500 million. So British firms can do business in Berlin under the same rules as in Brighton. I know this from family experience - my husband's firm, a specialist engineering research firm, work and sell extensively into Europe. He's been with them for over thirty years and they say the Single Market has made selling into Europe with common standards so much easier than it was before. Easier has meant they have more staff and make more profit, which in turn means more tax for public services in the UK. Good for the company and good for the UK!
The Treasury estimates that between 3-4 million jobs are linked to our trade with Europe. No alternative to membership of the single market is remotely as good for Britain. The other countries in Europe are not going to give Britain a better deal than the one they have because it is not in their interests to do so. Being in the Single Market means more jobs, lower prices, and more financial security for British families. This has been backed up by the Bank of England, the IMF, the IFS, the NIESR, the LSE, the World Trade Organisation and 9 out of 10 economists.