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Old 06-01-2013, 18:46   #14
Damien
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re: [Update] Cameron promises EU referendum by October 2017

The Economist had a good article about the benefits to the UK of the European Union a while back: http://www.economist.com/news/leader...ld-be-reckless

Worth a read. We rarely get the case for in the this country and we'll be making a big decision:

Quote:
Yet these gains would be greatly outweighed by the costs of a British exit, which would dent trade with a market that accounts for half of Britain’s exports. The carmakers that use Britain as their European operations base would gradually drift away, along with large parts of the financial-services industry. Britain would have to renegotiate dozens of bilateral trade deals from a much weaker position than it enjoyed as a member of the EU. It would cut a greatly diminished figure on the world stage. It would have bought some sovereignty, but at an extraordinary cost to Britain—and its partners.
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