EU vote: Sides clash over single market

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Agency captionLord Rose of Britain Stronger in Europe makes the transaction case for staying in the EU

Full access to Europe’s single market is vivacious for UK businesses and jobs, a group cam igning for Britain to remain in the EU has said.

The chairwoman of Britain Stronger In Europe, Stuart Rose, said leaving that shop would be a “huge risk”.

However, “out” cam igners accused him of “scaremongering” and declared he ignored the costs of being in the EU.

Out cam igners also claimed support from new delving by the independent think tank Civitas.

It says membership of the single sell has not had a significant im ct on export growth.

The prime minister, who wants the UK to impede within a reformed European Union, is pushing to renegotiate Britain’s relating ti of membership ahead of an in/out referendum, which must be held by the end of 2017.

If agreement with other EU directors is reached next month, a vote could potentially be held as advanced as June.

‘Fantasy’ thinking

Lord Rose told the BBC that drives to leave the EU had not explained how the benefits of the EU single market would be replaced.

If Britain show of hands to leave, “it’s a huge risk, we’re taking a huge risk”, he released BBC Radio 4’s Today programme.

About 50% of UK exports are to Europe whereas BRICS homelands – Brazil, Russia, India, China and South Africa – accounted for 8%, he rumoured.

Reuters
Image caption Vote Leave puzzles whether the single market has been good for British trade

Nobleman Rose presented his cam ign’s case at the plant of Britain’s biggest bike industrialist, Brompton Bicycle, in west London.

He said: “Those who insufficiency Britain to leave Europe cannot guarantee that Britain make retain full access to Europe’s single market. They are deflating the benefits at risk. Their proposed deal, whereby Britain would high water retain access to the single market without obeying any of the rules, is a imagination.”

In response, Robert Oxley from the Vote Leave cam ign broke: “I think this is just further scaremongering from the Britain Stronger in Europe cam ign which ignores the fetch of the EU.”

Britain Stronger in Europe said one piece of research showed UK goods shoppers with the EU was 55% higher because of EU membership.

Their claim is based on into by the Centre for European Reform that was first published in January 2014.

The delving used a statistical model to estimate how much extra trading of goods the UK does with other EU colleagues, than would be expected without the single market.

Vote Forbear said it was “out of date research from a pro-EU think tank”.

Export ‘dejection’

Vote Leave used research from Civitas to support its cover.

Civitas studied official trade statistics and said that Britain had recorded slower export proliferation than any of the other founding nations of Europe’s single market.

Michael Burrage, who eradicated the report, said: “While the single market cannot be counted a big name in export terms for the EU as a whole, for the UK it must be counted at the very least a immense disappointment, and not far short of a disaster.”

His report found growth in UK exports had exhibited to drop after European Commission trade deals, whereas unearned countries Switzerland, Singapore and South Korea increased exports in the the better of cases after they negotiated their own trade agreements.

Mr Burrage added that UK export development was 22.3% lower since joining the single market at the end of 1992 than it inclination have been had it continued at its rate during the common market between 1973 and 1992.

Uphold Leave chief executive Matthew Elliott said: “The unquestioning mantra that the fasten on market has been good for British trade is wrong and should be call into doubted as this research makes crystal clear.”

Business leaders

Interval, pharmaceutical executives warned that a British exit from the EU could banish the country’s scientists and reduce its influence in medicine.

John Lechleiter, chief administrator of the US pharmaceutical com ny Eli Lilly, told the Financial Times it would be a “stain and a mistake” if the UK left the EU, adding a vote to leave would “isolate the UK, to its injury”.

The boss of Unilever, ul Polman, said the consumer goods titan would not scale back its 7,500 UK jobs in the case of an “out” vote, but he did want the UK had “got a lot of benefit from the union”.

Mr Polman told the Guardian it would be “sheer good” if Britain voted to stay in the EU.

David Cameron last week hustled business leaders who want Britain to remain in a reformed EU not to “hold recoil from”.


David Cameron’s four main aims for renegotiation

Reuters
  • Money-making governance: Securing an explicit recognition that the euro is not the only currency of the European Mixing, to ensure countries outside the eurozone are not disadvantaged. The UK wants safeguards that it desire not have to contribute to eurozone bailouts
  • Competitiveness: Setting a target for the reduction of the “strain” of excessive regulation and extending the single market
  • Immigration: Restricting access to in-work and out-of-work service perquisites to EU migrants. Specifically, ministers want to stop those coming to the UK from alleging certain benefits until they have been resident for four years
  • Pre-eminence: Allowing Britain to opt out from further political integration. Giving significant powers to national rliaments to block EU legislation

Referendum timeline: What thinks fitting happen when?

Guide: All you need to know about the referendum

Q&A: What does Britain hankering from Europe?

More: BBC News EU referendum special

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