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Re:UK formally leaves European Union after 48 years by hndudette on Thursday December 31, 2020 @10:05PM (#25600435)
Just compare the economic growth per capita of Norway (not in EU) with Sweden (in EU). It's at best an exaggeration that leaving the EU is going to have a significant deleterious impact on the UK.
Re:UK formally leaves European Union after 48 years by TMWNN on Friday January 01, 2021 @02:39AM (#25601556)
>Just compare the economic growth per capita of Norway (not in EU) with Sweden (in EU). It's at best an exaggeration that leaving the EU is going to have a significant deleterious impact on the UK.

It's not quite an equivalent comparison, though; Norway is essentially a Middle East petrostate relocated to the North Sea.

Re:UK formally leaves European Union after 48 years by smnrchrds on Friday January 01, 2021 @02:39AM (#25601555)
Norway is in EEA. For most (all?) economic purposes, being in EU, EEA, and Switzerland is equivalent. The same rules, procedures, responsibilities, and privileges apply whether the country is a member of EU or EEA.
Re:UK formally leaves European Union after 48 years by rsynnott on Friday January 01, 2021 @10:07AM (#25603713)
Being in the EEA is somewhat worse than being in the EU; in particular, it's not in the customs union, so a lot of small businesses will not sell direct to Norway, and Norwegian SMEs are less likely to be direct exporters or to directly import their inputs. Being outside the customs union creates opportunities for middlemen, but otherwise isn't great for most people.

Norway's arrangement is much more comprehensive than the UK's, though.

Re:UK formally leaves European Union after 48 years by HeadsUpHigh on Friday January 01, 2021 @05:50AM (#25602322)
Choosing the one European country that has vast amounts of oil and a very solid public investment strategy for it feels like a bad faith argument to me.
Re:UK formally leaves European Union after 48 years by monoideism on Thursday December 31, 2020 @10:24PM (#25600548)
In the long run, it may not make much difference, but I suspect there will be an economically rough transition.

But honestly, I’m not an economist and haven’t read a great deal about the projections. And many Brits will accept any difficulties in exchange for increased control over their own political destiny.