Britain has a chance to flourish if it leaves the European Union and would be
better off outside the 28-nation bloc if policymakers fail to renegotiate the
country’s position within it, according to the head of the British Chambers of
Commerce. John Longworth said it would be “crazy” to think that Britain would be
shut out if it left the EU, though an exit would be “disruptive” and less
preferable than staying in the bloc and bringing some powers back to
Westminster. The BCC’s director general said the worst possible outcome would be
for Britain to remain in an unreformed Europe. “It would be crazy to think if
the UK exited the European Union it could not negotiate new trade deals with EU
members,” he said. “EU countries sell more to the UK than we sell to them. Last
year the UK was Germany’s biggest export market, larger than the US, larger than
China. The thing is, whatever happens to the UK, it’s highly unlikely that these
countries would erect trade barriers because it would damage them more than
us.” Mr Longworth’s comments were supported by the BCC’s latest business
barometer, which showed rising numbers of UK businesses are in favour of
renegotiating Britain’s relationship with the EU. The survey showed 60pc of
respondents believed that renegotiation would be positive for their economic
prospects, up from 54pc three months ago. “It is our preference to stay in the
free trade area and renegotiate our relationship because that would give us the
best of all worlds,” said Mr Longworth. I don't believe there will be any
meaningful reform and that the Brexit has been priced in by the rest of the EU.
The UK is looking at an exit and being outside is not going to be an easy ride.
It's nice to believe in a half way house, but can't see it happening. The EU has
always been about ever closer union so the UK not even agreeing to the EU's
founding principles would be facing the exit.
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