First published: Prospectmagazine.co.uk, 9/05/2016
The UK outside the Single Market? Quelle horreur
As the time before the EU referendum ticks away, the Remain and Leave camps are still fleshing out their positions, sometimes in quite revealing ways. At the weekend, Michael Gove said that if the UK voted to leave the EU, it would have neither the wish nor the need to remain in the EU’s Single Market. This is a deeply troubling idea.
This position on the Single Market had been alluded to before by the handful of economists who have expressed their support for Brexit. Now it is out in the open, so to speak, and Boris Johnson has been quick to concur. In this line of thinking, the UK would seek free trade access to the Single Market area but would not want to adhere to EU law, regulations and product standards, which are part and parcel of the arrangement. The most important of these laws for the Leave campaign are those that govern free movement—namely, immigration. However, this kind of an arrangement is nothing short of fantasy….Read more: