Professor Nauro Campos of Brunel University has estimated how Britain would have fared if it had not joined the common market. He and his colleagues found the best approximation to Britain’s pre-1973 economic performance to be a combination of New Zealand and Argentina, which like the UK fell behind the US and continental Europe.
During the next 40 years, the UK economy outperformed those two countries by 23 per cent. According to the findings, Britain’s performance also surpassed the vast majority of 1,000 other combinations of countries whose record had previously resembled its own.
Daniel Vernazza of UniCredit has shown that UK trade with EU partners grew faster after 1973 than it did with the remaining countries in the European Free Trade Association, the grouping to which Britain previously belonged. His work underlines that harmonising regulations — an effort at the heart of the EU endeavour — was often much more effective in boosting trade than was lowering tariffs.
i get the feeling you think i'm pro-brexit or pro-conservative or something. you saying you reckon that tax isn't going to be enough is based on bugger all is my point.
