Leaving the EU would be like planting ‘a bomb’ under the British economy, the prime minister warns.
By TOM MCTAGUE 6/12/16, Updated 6/13/16 David Cameron confirmed Sunday that he will pull Britain out of the single market if there is a vote to leave the European Union at the upcoming referendum. The prime minister told the BBC’s Andrew Marr show that it would be impossible to copy the Norwegian model by remaining inside the trading bloc despite being outside the EU because that would mean accepting freedom of movement and trade rules made in Brussels. He said the Brexit campaign had made it clear to voters that voting to leave also meant pulling out of the single market. The prime minister said he would accept the result as an “instruction” despite warning that leaving would be like planting a “bomb” under the British economy. There have been reports that the House of Commons, whose MPs are overwhelmingly pro-Remain, could vote against pulling out of the single market in the event of a Brexit. MPs could claim they were accepting voters’ wishes to withdraw from the EU while protecting them from the economic consequences of leaving the trading area. However, the Leave campaign has made it clear that in order to restrict immigration and strike trade deals with countries outside the EU, Britain would have to leave the single market. The Prime Minister said: “What the British public will be voting for is to leave the EU and leave the single market.” This would create a “decade of uncertainty,” he added, as the U.K. attempted to renegotiate a trade deal with the EU and countries around the world. “Far from not banging on about Europe we’d be banging on about Europe for 10 years,” he said. .... (more in the Politico article sourced below) Sources: - www.politico.eu/article/david-cameron-bbc-andrew-marr-ill-pull-uk-out-of-the-single-market-after-brexit-eu-referendum-vote-june-23-consequences-news - www.bbc.co.uk/programmes/b07gx9c9
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