Centre for Business Research
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CBR (Centre for Business Research) British Business and the European Union: Assessing the Options Does British business need the EU if it is to compete on the world stage? According to Simon Deakin, speaking on BBC Radio Cambridgeshire on 30 January, the UK’s access to the single market is important for maintaining the competitiveness of British firms, while there is no evidence that EU membership diverts trade away from other markets such as the US or China. Legally, there is no simple ‘in or out’ for the UK: if we were to leave the EU, we would have to negotiate a new free trade agreement of the kind that Switzerland or Norway have. It is not credible for Eurosceptics to argue that the EU would simply accept British demands for exemption from core EU rules. The EU is unlikely to compromise on such a fundamental principle as free movement for labour.
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| Page title: | CBR (Centre for Business Research) |
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