The European economic community that Britain joined back in 1973, a free and unified trading block, resembles nothing like todays European union - a huge central beaurocracy with thousands of civil servants in Brussels dictating policy to European member countries under the EU’s own flag.
Its parliament, council, commission, court of justice, central bank, currency, investment bank, audit group, Ombudsman, and the list goes on and on. Britain’s decision to withdraw from the EU is novel, it’s the first country to do so, but is hardly surprising or apocalyptic, particularly when the second largest economy in the EU has often felt disadvantaged and can continue a good relationship in future. There will be some short term uncertainty in resulting economic challenge, but with years of negotiation ahead, this is not the end of the world, and certainly not the end of Britain.
Please click here for the Dixon Mitchell commentary.
