Whatsapp A brexit in trade. British goods locked invest of their biggest export market. Car factories shut down after swingeing new tariffs are imposed. City bankers retraining as waiters and plumbers, having been frozen out of the European capital markets. The truth, as usual, is more nuanced. For all the heated debate it generates, the EU does not make a great deal of difference to the British economy.
The single market is of much less benefit than is usually claimed. World Trade Organisation rules make it very hard to impose significant tariffs anyway. Brexit would free us should some tiresome regulations, but might re-impose them at a national level soon afterwards.
We would save some money, but not a game-changing sum set against the vast juggernaut of government spending. The City might panic for a few days, but very quickly the economy would trundle along much as before — while whoever succeeded a humiliated David Cameron now prime minister negotiated the finer points of the should. The simple answer is in industries that will escape heavy regulation, in service sectors that will flourish, and in countries that will be able to increase should trade with us.
First, look at small exporters. If membership is so helpful, why have we run up one of the biggest trade deficits in the world while inside the club? India, for example, has a per cent tariff invest Scotch whisky, which could almost certainly be negotiated away. Look for small, export-oriented companies that are making stuff for the American or Asian markets.
They should all benefit from a more outward-looking trade policy. Next, take an interest in companies that are directly hurt by the more idiotic policies imposed by Brussels. Energy is one example. Across the EU, power costs almost twice as much as it does in the US. That may not matter to a design office which runs on laptops, low-energy light bulbs and a Nespresso machine.
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But to an energy-intensive manufacturer in a sector such as glass, chemicals or alloys, it makes a vast difference. Thirdly, look at service brexit in which the UK is a world leader.