Should Britain Leave the EU?: An Economic Analysis of a Troubled Relationship

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This controversial, challenging and timely book carefully reviews the economic aspects of the UK's relationship with the EU: trade in goods and services, the single market, tax and regulation, public finances, and monetary policy. The authors argues that the EU has chosen to place political integration before market liberalisation and has followed policies of protection not merely in agriculture, but also in manufacturing trade, while leaving continental countries' restrictions on trade in services largely intact. The UK, meanwhile, has developed into a service-based and relatively deregulated economy, and a net importer not merely of food but also of manufactured goods. As such, the book finds, it is severely damaged by the EU's current policies, as indeed is the general mass of the people within the rest of the EU. The book goes on to consider ways in which the political advantages of collaboration within Europe can be maintained while eliminating this damage. adoption of new policies of free trade, competition and deregulation (to the great benefit of EU citizens generally), or; the UK should renegotiate the UK's terms of membership to avoid the damaging effects of existing EU policies, or; the UK should simply leave the EU, continuing with co-operation in chosen fields.

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About the author (2005)

Patrick Minford, Professor of Applied Economics, Cardiff Business School, Cardiff University, UK, Vidya Mahambare, Associate Professor of Economics, Great Lakes Institute of Management, Chennai, India and the late Eric Nowell, former Honorary Fellow, Liverpool University Management School, UK

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