Re:Brexit wins. An illusion dies
by tom_mellior on Friday June 24, 2016 @10:04AM
(#11969813)
> The british economy will collapse completely
Unlikely. More likely is that they will remain in the European Economic Area ("the internal market"). This means keeping their trade relations the same as they are, including all the EU regulations, but without a way to influence how the regulations evolve. In return they will save some membership fees (a net amount of about 80 Euros per person per year, IIRC). It's what Norway has done for decades, and what Norway has decided to keep doing in two or three referendums. Seems to be working OK for them.
Of course this doesn't "fix" perceived problems with immigration, because the EEA includes the "four freedoms": free movements of goods, persons, services, and capital. But it seems that even a lot of Leave supporters find the single market more important than xenophobia.
Unlikely. More likely is that they will remain in the European Economic Area ("the internal market"). This means keeping their trade relations the same as they are, including all the EU regulations, but without a way to influence how the regulations evolve. In return they will save some membership fees (a net amount of about 80 Euros per person per year, IIRC). It's what Norway has done for decades, and what Norway has decided to keep doing in two or three referendums. Seems to be working OK for them.
Of course this doesn't "fix" perceived problems with immigration, because the EEA includes the "four freedoms": free movements of goods, persons, services, and capital. But it seems that even a lot of Leave supporters find the single market more important than xenophobia.