Zelandakh, on 2016-May-23, 11:46, said:
The difference will be that those regulations are even less suitable for the UK if we are not part of the negotiations. Any "red lines" that get crossed, and for certain they would, would mean either accepting expensive trade tariffs or sucking it up. Neither would be good for the economy.
Of course a lot of that could be mitigated by using the cash that is saved. It seems likely that the result in the long term would be a loss of competitiveness for British businesses though.
Am I wrong in this ? Most of what Britain exports is actually services rather than goods, and there's not a fully free market in services anyway.
We could opt out of the bits we didn't like, but we'd need to negociate a deal with the EU as countries outside Europe have to, rather than the Norway/Switzerland model.
There are advantages in not being in the EU. France has vetoed trade deals with South America we want to protect its farmers for example.
I think there's common agreement that the pound would fall in the short term, which would aid competitiveness, the doubt is about the long term.