Proponents of leaving the European Union argue that the grouping, far from stimulating Britain's trade, restrains it. An exit (brexit) would allow Britain to trade more easily with the rest of the world while maintaining European links through an association agreement with the EU. The experts warn that Britain's exit from European Union would see less foreign investment in Britain and a showdown in consumption.
Of course, British people have to debate the UK’s place in the European Union but they must also understand the risks the UK prime minister is taking with his ill-considered referendum promise, his neglect of what a European referendum would mean for Scotland’s place in the UK, and his breathtaking indifference to the effect of a destabilising referendum campaign on investment and growth.
Cameron, pushed from pillar to post by backbench Tory MPs, has had to promise a referendum on UK membership no later than 2017. He says he would stride from Berlin to Paris to Rome securing agreement to fundamental revision of the EU’s core treaties.