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Personally, I don't actually care if it causes a reduction in wealth, since the EU looks so doomed. However, I don't see any evidence for that: the Uk is basically backing out of a deal where it subsidises other countries
I'm not really sure what drives this sentiment.
just imagine if in the 70s the USA created a superstate with all the states in north and south America: any state could veto new laws or FTAs, free movement was implemented, a common currency drove most southern american states to extreme poverty.
Then the US decides to go independent again
would we hear "but the USA does lots of trade with south America and mexico, we're doomed"
or "how will we ever negotiate trade deals of our own, the superstate was uniquely capable of such a feat"
"Mexico's GDP grew by 0.3% in the last 3 months, that proves we're doomed, and will soon be much poorer"
I'm not sure if people are awake:
- the UK subsidises most of the states in the EU
- the UK imports much more from the EU than we export to it
- the UK economy has grown way more than the rest of the EU since 2008
- the UK is the 5th largest economy on the planet
- much of the EU is in a severe depression
yet many believe that the UK is doomed outside the EUthis seems extremely illogical to me
If the Europeans want to be paid 'reparations' for the divorce, where is our payment for the near bankruptcy we suffered at the end of each world war where we came to thier rescue?
I accept that that is a very right wing thing to say, the Americans were largely responsible for the financial gain on both events anyway. But it might stop the Barnier squad from pumping too hard, although I doubt it.
My feedback thread is here.
Germany was charged with paying reparations to the winners (mainly at the insistance of the USA) after WWI, the high cost was said to be one of the reasons for the rise of the far right in Germany in the desparate years that followed. The lesson was learned and after WWII the 'winners' sent some funds to help rebuild Germany and no reparations were asked for. We who had stood alone for so many years were left alone except by the Americans who wanted us to pay our debts for war equipment provided.
My feedback thread is here.
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As I said the UK was the largest recipient of Marshall Plan aid, and the money lent to the UK for the "socialist miracle", the NHS, was lent at something derisory like 2% P.A. interest. So it was a no-brianer to take really.