We didn’t join the EU in 1973. Instead, Britain joined an EEC far smaller in scale and less than honest in its aspirations.The EU only came into being in 1992, via the Maastricht Treaty, and only gained legal title four years ago with the Lisbon Treaty.1973 was like a couple agreeing to go steady, 1992 was the engagement and 2007 the wedding.---Vanessa’s right though (but perhaps for the wrong reasons), how can Britain possibly afford to leave the EU now?Economically, the UK’s done very badly out of the EEC and EU. The only year Britain ever got back more than it gave was – entirely coincidentally – the year of the referendum. The EU’s own estimates tell us the Single Market costs 12% of EU GDP but only adds an extra 4% - a net loss of 8% of GDP across the EU.In UK terms, 8% equated to over £116 billion last year (compared to total health spending of £118 billion).So why does the EU insist on a system that imposes such a huge loss? Firstly, it concentrates power in the EU’s favour. Secondly. in the EU’s own words, the Single Market is a system that’s:“broadly consistent with the public choice theory that sees regulation as a mechanism to create rents for politicians and the firms they support." Do the bank bailouts fit into this pattern of rent seeking?---So, what if a country left the EU? Before the Lisbon Treaty, any country was free to leave (with Greenland leaving the EEC in 1985). With Lisbon, however, a system was put in place where, if a country wanted to leave, the other 26 would join with the European Commission to decide what penalties and sanctions would be put in place. Crucially, the country wanting to leave would not be included in these discussions. In effect, the Lisbon Treaty was like a wedding pre-nup that allows your spouse and in-laws to decide the terms of your divorce settlement.If de Gaulle wanted Britain to sacrifice its fishing and agriculture when the UK originally joined the EEC, imagine the penalty now if the UK left the EU.---And what about trade? Britain has a huge trade loss with the EU. If the UK left, however, it would be illegal under international trade law for EU countries to stop trade with Britain.Look at it another way - the UK’s been the biggest source of foreign investment into France and the biggest consumer of French goods. If the EU broke the law and said ‘non’ to UK trade, this would torpedo the French economy. The French people wouldn’t stand for it.Likewise, if Germany left the EU, would EU citizens stop buying Mercedes, BMW, Bosch and Siemens? Of course they wouldn’t.The point is that, with or without the EU, there will still be trade with countries in Europe. This itself reiterates what should be obvious – that Europe and the EU aren’t the same thing.This is why countries like Mexico and South Korea today have EU trade privileges similar to those the UK gained in 1973. The EU cannot stop them trading with European countries and it wouldn’t be able to stop the UK either.Furthermore, Switzerland isn’t in the EU but has a greater proportion of trade with the EU than the UK does. It’s European but not in the EU.Switzerland doesn’t have to be in the EU to do well. It’s in the ‘European Free Trade Association’, which shows that the EU isn’t the only version of ‘Europe’ on offer. In 2006, for example, the Swiss federal Government estimated that if Switzerland were to join the EU, it would cost her nine times more than her present free trade and other bilateral arrangements with Brussels.So, trade needn't be a barrier to leaving the EU.The problem is that EU citizens are rarely presented with the alternatives on offer. At the same time, those favouring different versions of European integration have been derided as racists and xenophobes.
Fraser Pearce ● 5053d