‘It’s quite ok to walk away’

A report published by independent think-tank Civitas concludes that there has been no appreciable benefit arising from the UK’s membership of the Single Market, and that leaving the EU with no deal is ‘an acceptable option for the UK’. It goes on to state that ‘The mean rate of intra-EU export growth of EU members from 2004 to 2012 was lower than the rate of growth of the services exports of 27 non-members to the EU’. Whilst noting that some sectors do benefit from the Single Market (banking and aviation singled out); a conclusion that the overall benefits are ‘imaginary’ may give some confidence to the negotiators who are now faced with leaving it as a distinctly possible outcome.