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31 May 2016

Brexit "beneficial" to trade: committee

The Blog


According to a British Parliamentary committee report, leaving the European Union could actually put Britain at certain economic advantages.


Various media have pointed out the battle of often inaccurate "claims and counter-claims made by both the leave and remain sides", as Treasury Select Committee Chairman Andrew Tyrie MP termed them.

The video below from 38 Degrees shows the endless trading of truths, half-truths and exaggerations by the two campaigns over the future of Britain and the EU.


Tyrie acknowledged, "the Committee confined itself to looking at economic costs and benefits. But this is only part of the story. For some, other issues are more important. As the founder of Leave.eu put it, for him: "this isn't about pounds and pence, it's about democracy"."

The "In" campaign tends to prey on economic fears. Head of Labour's "In" campaign Alan Johnson MP stated, "The economic evidence isn’t so much piling up as becoming a landslide: leaving Europe would hurt Britain’s economy." Anti-democratic war criminal Tony Blair said just holding the EU membership referendum itself is an "enormous economic problem".

However, there are actually strong arguments that leaving Europe would be economically wise and put Britain on a path to restoring its much-depleted international influence and wealth.

Britain outside the EU could enjoy what Tyrie called "potential beneficial opportunities". As the report stated, "high-quality trade agreements with countries like China, India and the United States" may become increasingly possible to sign after the United Kingdom is no longer constrained by EU regulations and dedication to the European market.

It is certain that there would be a major international realignment if Britain was outside the European Union. Whether Britain will become closer to the American regime or be pushed further away from it towards friendlier relations with emerging economies such as China is not clear.


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