Those campaigning for Britain to exit the European Union claim that doing so would make their country both freer and richer. They assert that after “Brexit”, the UK could quickly negotiate a bespoke agreement with the EU that offers all the benefits of free trade without the costs of EU membership; strike better trade deals with other countries; and reap huge benefits from scrapping burdensome EU regulations. But this is a delusion. In fact, Brexit would entail huge economic costs for Britain. The uncertainty and disruption of drawn-out and doubtless acrimonious divorce proceedings would depress investment and growth. Permanent separation ... READ MORE
