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Strong and Stable Equals Staying in the Single Market, Surely?

May 21, 2017 10:00 PM
By Lib Dem Local Press Office

Lib Dem Europe imageLast June 37% of the UK electorate voted to leave the European Union not the Single Market - thus 63% did not.

Since then, Eurosceptics, mainly in the Tory Party, have claimed that a majority of 'the people' wanted out. Since becoming Prime Minister, Mrs May - a one-time Remainer - is bent on steering us to a hard Brexit. This would mean no longer being in the Single Market or the Customs Union.

"It seems no thought has been given to the potentially economically-damaging consequences of such drastic action by those now in charge," comments South Thanet Liberal Democrat Parliamentary Candidate, Jordan Williams. "As yet we have seen no plan or vision for our future as a people and as a nation. Threatening EU negotiators, as Mrs May recently did, can only make a bad situation worse."

Williams believes that if the UK were to cut economic ties completely, i.e. Hard Brexit, for Thanet alone, situated along the natural border of the Channel, the result could be disastrous.

As the Financial Times recently stated, "Without full membership of the Single Market and mutual recognition of standards, companies will face border inspections …. In the era of just-in-time delivery and integrated supply chains here, even a day's hold up can cause problems. This is likely to be of more importance than it was historically.

All these factors, including the added costs for businesses negotiating new trade deals outside the Single Market, collectively add up to an increase in barriers to trade with Europe - at present our biggest and closest trading partner.

"The other 'benefits' of leaving, claimed by the victorious leavers, are unknown and somewhat mythical at present," Williams adds. "It looks as if Mrs May's Brexit will create a weak and unstable UK."
"The Liberal Democrats therefore insist that if, or when, a deal is done with the EU, voters must be given a say."