Here's a list of the pros and cons of the various Brexit options:
(Doesn't cover everything obviously, but it's a good start)
(Doesn't cover everything obviously, but it's a good start)
Stay in Single Market:
Anything made in the UK is automatically legal in EU. So UK businesses can compete across Europe✅
Protects Good Friday Agreement✅
Following EU rules, but having NO say, whereas NOW we have 10% of the EU Parliament's votes despite being 1 of 28 countries❌
Anything made in the UK is automatically legal in EU. So UK businesses can compete across Europe✅
Protects Good Friday Agreement✅
Following EU rules, but having NO say, whereas NOW we have 10% of the EU Parliament's votes despite being 1 of 28 countries❌
Leave Single Market:
Laws drafted for UK benefit only✅
We copy EU law anyway to help trade❌
No EU Court BUT ECJ gives UK citizens extra protection✅❌
⬆️cost adapting products to EU laws+regulatory checks ❌
🚛Checks Northern Ireland ↔️Ireland and Breaks Good Friday Agreement❌
Laws drafted for UK benefit only✅
We copy EU law anyway to help trade❌
No EU Court BUT ECJ gives UK citizens extra protection✅❌
⬆️cost adapting products to EU laws+regulatory checks ❌
🚛Checks Northern Ireland ↔️Ireland and Breaks Good Friday Agreement❌
Leave Customs Union:
Set our own tariffs & trade policy✅
We'd have a smaller market as leverage in negotiations so we'd end up lowering tariffs on UK industries that would be out-competed by unfairly subsidised or substandard foreign products❌
💀Good Friday Agreement❌
Set our own tariffs & trade policy✅
We'd have a smaller market as leverage in negotiations so we'd end up lowering tariffs on UK industries that would be out-competed by unfairly subsidised or substandard foreign products❌
💀Good Friday Agreement❌
Stay in Customs Union:
Keep the benefits of trading with the leverage of28 countries with a combined market of 500 million people and $19.6 trillion GDP✅
Have less control over our trade policy as we would no longer be represented in the EU institutions.❌
Keep the benefits of trading with the leverage of28 countries with a combined market of 500 million people and $19.6 trillion GDP✅
Have less control over our trade policy as we would no longer be represented in the EU institutions.❌
Summary: The only way we xcan leave the EU without seriously messing up the integrity and prosperity of the country, is if we end up with less control over or laws and policies than EU members do.
