Quote:
Originally Posted by Big Brian
Do we actually need to have access to the single market? What's to stop us just trading with the EU countries we trade with now like Germany, for example? I don't think we trade with all countries in the single market so why have access to it? I'm not sure how it would work but you could have private deals with the countries we do trade with in the EU surely?
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I think one of the biggest issues will be passporting of financial services within the EU, financial services are around 12% of GDP currently and without the ability to conduct these services the finance sector will take a massive hit.
http://www.bankofengland.co.uk/pra/P...g/default.aspx
It as possible to get these rights as per Switzerland but it won't be cheap even if the EU counties are of a mind to let us.
J