UK is currently not willing to do any of the sort. So no, Britain will not get the benefits Norway or Switzerland enjoy...
https://www.focus-economics.com/blog/the-largest-economies-i...
Mostly because of India's growth. So what? It's GDP we're talking about, a largely meaningless indicator nowadays.
UK is #27 in GDP (PPP) per capita rankings. India is #122.
Is it better to live in an economy with large GDP or better purchasing power? Is India somehow better off than the UK once it overtakes it by GDP due to population growth?
That's how you get Saudi Arabia at $55k PPP GDP per capita, ranking above Sweden, Germany, Australia, Denmark, Netherlands, Canada, Austria, Belgium, Finland, France, UK - you know, just most of the nicest countries on earth.
Back in reality, their GDP per capita is actually $21,000 and ranks them near Greece and below Portugal.
It's also how you get Puerto Rico ranking above Czech, Portugal, Estonia, Israel and nearly outranking Italy, New Zealand, South Korea and Spain. What a joke. Nobody actually went top to bottom through Puerto Rico's situation on the ground before calculating that.
Half of Russia lives very nearly in third world poverty, with incomes bordering on third world levels. By PPP GDP per capita they get ranked next to Portugal instead, which says absolutely nothing about the actual conditions on the ground for the bottom 1/3 or 1/2 of Russia.
Iraq gets ranked above China, Brazil and Colombia per capita PPP GDP. And just below Mexico and Argentina. Again, a joke.
You get Equatorial Guinea ranking on PPP per capita above Slovenia, Slovakia, Estonia and Portugal; just a bit below New Zealand, Spain and Italy. In reality it's a country with a GDP per capita of just $14,000 and a third world life expectancy of ~58 years. Another farcical PPP adjustment invented out of thin air with zero considerations for reality on the ground.
Traditionally money laundring was always much less of a problem in Switzerland than supporting tax evasion.
With the automatic exchange of information[2] this will pretty much be a non issue in the future.
[1] https://en.wikipedia.org/wiki/One_Hyde_Park
[2] https://www.efd.admin.ch/efd/en/home/themen/wirtschaft--waeh...
How is its trade balance doing lately? Not so good.
https://tradingeconomics.com/united-kingdom/balance-of-trade
> Being the banking capital of the EU is a huge contributing factor to that position, btw.
I'm not sure what economic indicators you are talking about. Certainly none that reflects the actual well-being of the population.
The trade balance tho is not typically a good indicator of economic health, at least not how it's typically pitched: https://mises.org/wire/nonproblem-trade-deficit
We'll be left with a first-past-the-post MP, and an unelected (sometimes hereditary!) House of Lords.
Being the banking capital of the EU is a huge contributing factor to that position, btw.