10 points you should consider for the EU referendum

  1. Voting in the referendum will be different from that of the seventies, because at that time we were only concerned with the economic consequences. Now we are also looking at the political ones.
  2. In the light of the above, people may be voting in the opposite direction to what they did previously.
  3. If the vote results in leaving the EU, there is no date set from when this will become effective.
  4. If the vote results with staying in the EU, this is likely to happen before David Cameron has agreed his revised terms and conditions. If those terms and conditions are unsatisfactory, what then will happen if the referendum has already gone in favour of staying in?
  5. Although the US $ has initially strengthened against sterling, trade with the US and Commonwealth countries will improve if the UK leaves the EU, and we could still rejoin EFTA.
  6. There will be a problem if Scotland vote to stay in the EU, but the rest of the UK vote against. This could lead to devolution in Scotland and victory for the SNP.
  7. Inflation/disinflation-when the UK joined the EU, prices went up in the shops. Can we hope for price reductions if we leave the EU?
  8. Taxes-The UK currently pays lip service to the EU in respect of tax legislation, and there is a need to consider alternative options. Do we really need V.A.T. (which is inflationary), or should we consider the American’s sales tax scheme? Some non-EU countries in particular sectors are refusing to sell to EU countries because of onerous V.A.T. regulations, and this has been described as “rampant”. This is called geo-blocking.
  9. Employment-If there is a vote to leave the EU, the UK would be able to prevent EU workers coming into the UK without a work permit. This would help UK unemployment figures by making more jobs available, but also mean that highly skilled EU workers would need a work permit, which is not needed at the moment. For UK professional sportsmen such as footballers, this would create more opportunities for the younger players to progress, thus helping the national teams.
  10. Political issues relate to the effect of national security. and despite the statements made by David Cameron, EU countries are generally too soft in respect of preventing terrorism (look at Sweden, Belgium, and even France before the attacks, while the most determined-Germany have also been victims).

 

 

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