Posts Tagged 'eurozone'

If not a hard Brexit, then what?

janice-morphet

Janice Morphet

Now that a ‘hard’ Brexit seems less likely, Janice Morphet – author of Beyond Brexit? – looks at alternative options for the UK’s relationship with the EU.

“Following the apparent disruption of hard Brexit that has followed the General Election, it is now time to review the other options available to the UK.

It would have been better to review these before the referendum was called and to explain the options to more fully inform the electorate during the campaign. Even after the referendum result, a review of the options would have been helpful rather than the incoming Prime Minister opting for the hardest form of EU/UK relationship without appreciating the paradox that her social welfare agenda could best be achieved using EU values, programmes and policies.

However, better late than never. So what are the real options available rather than those frequently suggested by those politicians less familiar with the EU?

 

The European Free Trade Association (EFTA)

The most frequently discussed approaches are the potential for the UK to return as a member of the European Free Trade Association (EFTA). This was set up in 1960 by the UK as an alternative free trade bloc to the EU when the UK realised that it had made a mistake in dismissing membership of the then Common Market. Its members are now Iceland, Lichtenstein, Norway and Switzerland. While EFTA works as a group on some issues, its members have different relationships with the EU. This might suit the UK, but Norway has already indicated that it may not take the UK back into EFTA membership. How do these relationships work individually?

Continue reading ‘If not a hard Brexit, then what?’


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