The ASI survey of more than 1,750 adults, carried out by YouGov on June 8, showed that 54pc of Britons would support Britain pursuing such a deal for five to 10 years immediately following Brexit were the UK to leave. Just 25pc said that they would oppose such an arrangement. Norway, as one member of the four-strong European Free Trade Association (EFTA), is also a part of the European Economic Area (EEA), commonly referred to as the European single market. Sam Bowman, executive director of the ASI, said that a deal that kept the UK in the EEA would “take the risk out of leaving the EU, providing the time it would take to come up with a unique British solution” for trade with the economic bloc. Experts at the Treasury, the National Institute of Economic and Social Research (Niesr), and the London School of Economics have all found that remaining a part of the EEA would pose the least severe economic risk to the UK after a decision to split from the EU. The potential hit to gross domestic product (GDP) from such a move compares favourably with other post-EU options, including a bespoke deal along the lines of that enjoyed by Switzerland, or deciding not to forge a trade agreement at all, and instead relying on the minimum tariff rates secured by the UK’s membership of the World Trade Organization. Other polls show that a large proportion of support for withdrawal is motivated by opposition to EU migration. As such, political experts have suggested that joining up to EFTA, which requires members to allow EU citizens to come and live and work in the UK, could be politically unpalatable.
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Sunday, June 12, 2016
The ASI survey of more than 1,750 adults, carried out by YouGov on June 8, showed that 54pc of Britons would support Britain pursuing such a deal for five to 10 years immediately following Brexit were the UK to leave. Just 25pc said that they would oppose such an arrangement. Norway, as one member of the four-strong European Free Trade Association (EFTA), is also a part of the European Economic Area (EEA), commonly referred to as the European single market. Sam Bowman, executive director of the ASI, said that a deal that kept the UK in the EEA would “take the risk out of leaving the EU, providing the time it would take to come up with a unique British solution” for trade with the economic bloc. Experts at the Treasury, the National Institute of Economic and Social Research (Niesr), and the London School of Economics have all found that remaining a part of the EEA would pose the least severe economic risk to the UK after a decision to split from the EU. The potential hit to gross domestic product (GDP) from such a move compares favourably with other post-EU options, including a bespoke deal along the lines of that enjoyed by Switzerland, or deciding not to forge a trade agreement at all, and instead relying on the minimum tariff rates secured by the UK’s membership of the World Trade Organization. Other polls show that a large proportion of support for withdrawal is motivated by opposition to EU migration. As such, political experts have suggested that joining up to EFTA, which requires members to allow EU citizens to come and live and work in the UK, could be politically unpalatable.
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