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Old 07-01-2013, 13:40   #25
Damien
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re: [Update] Cameron promises EU referendum by October 2017

Quote:
Originally Posted by tizmeinnit View Post
but all these businesses will still want to trade with us we are a wealthy nation if you do not count the economy lol there is a lot of money spent that has nothing to do with politics .
It's not that simple. There are costs to trading, tariffs and so forth. It costs money to trade, costs we do not face as a member of the EU. People won't trade with us if they can trade with other EU member states at a lower cost. Companies than need to import items might move their operations into mainland Europe to avoid such costs. They'll take their jobs with them.

Quote:
Over time, though, the general drift of business investment would be away from Britain and towards the continent. That goes for finance, too. If London wants to be the regional hub for trading China’s currency, it will need to retain its position as the main centre for settling trades of cash and derivatives in euros. Some in Europe resent this: the governor of France’s central bank complained this week that euro deals should be done in euroland. Without the shield of single-market rules, London could lose out to rival EU centres.
There would be benefits to leaving the EU as well but the people who portray it as having no advantages are lying. There will be a cost to pay for leaving.
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