podcastsinenglish Level B.55 Brexit
Mar 3, 2016
The discussion dives into the implications of Britain's potential EU exit and what true independence would mean for trade and the economy. The host explores alternatives like joining the EEA or striking Swiss-style deals, highlighting the challenges of balancing immigration and commerce. A compelling argument is made for remaining within the EU to facilitate reform from the inside, suggesting that Britain could play a crucial role in shaping future policies.
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Costs Of Total Independence
- Full exit from the EU would force Britain to negotiate trade deals sector by sector with real economic costs.
- Estimates suggest tariffs and barriers could cut GDP by up to about 14% over time.
Norway Option Still Binds Britain
- Leaving the EU but staying in the European Economic Area still requires following EU rules and contributing to the budget.
- That arrangement removes British influence over rules it must obey when selling to Europe.
Switzerland's Compromise Example
- The Switzerland model shows a country can secure market access without full EU membership.
- But Switzerland had to accept EU demands like open labor markets when negotiating trade access.