Tim Drayton wrote:Paphitis wrote:
Now, if every man and their dog are able to negotiate a FTA with the EU, including USA and Australia, there is no reason why the UK will not have a FTA.
Yes, but that is not exactly the point. The devil is in the detail. There will certainly be some kind of trade deal between the UK and the EU, but how advantageous for the UK will its terms be? I think it is totally nuts for a country the size of the UK (and let's face it - in the modern world only a few countries can exercise full sovereignty in the world and I am afraid that the UK is not one of them) to walk out of the largest trade block in the world that is on its own doorstep.
That is a real shame to think that way Tim.
Britain is a big country with a big economy. One of the biggest. Sure it isn't as big as USA or China but who is?
If Britain isn't a country that can exercise full sovereignty then who on earth other than USA and China can?
There are smaller countries that exercise full sovereignty Tim. Holland is one of them and they are not in the EU.
Holland and Australia are the only 2 countries in the world to exceed 25 years of growth even through the GFC.
The EU has been a handbrake for many countries and even almost destroyed some other countries.
The future is with having FTAs like the Asia Pacific TPP. Also having bilateral and trilateral FTAs between nations. Having a singular currency and Central Bank and legislating for many countries through a Central Parliament when you have economies like Germany, Britain, France at one end and countries like Greece, Cyprus and Portugal at the other end is a recipe for disaster.