re: [Update] The UK votes to leave the EU
The big problem will be voters who simply vote to stay in because it is the "safe" option rather than researching the pros and cons of the argument and basing their vote on concrete information.
Lots of countries trade with the EU without actually being a member. America trades with the EU and does not have to pay VAT so long as the item purchased is solely for use outside the EU.
We are an entrepreneurial nation and are quite capable of developing business with countries all over the world, like we used to do before we joined the Common Market.
Indeed some of our existing trade with the EU will still continue because the EU needs our business just as we need theirs but without paying the VAT which should make us more competitive.
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