Common sense already tell us not to fear a break-away from Brussels. Britain was always a free trading nation and will be again.
Axel von Schubert, director of Euro-Caribbean Management Service and chief executive of JP Capital Investments has surely more knowledge than many to voice an open and honest opinion.
He mainly points out that first of all the UK will save billions of pounds from not supporting huge EU related regulation.
95 per cent of UK firms do not export to EU but elsewhere. Axel von Schubert admits there will be a short period of turbulence but followed by big benefits and savings to the UK. Stopping EU regulations, fraud and waste of money will benefit UK with billions of pounds. It would save the UK being made paying for failing EU schemes such as the euro.
Already in 2006 the EU Commissioner Guenter Verheugen said "The cost of EU regulation was £600billiion, while the benefits of the Single Market amounted to "£160billion. Therefore, the costs exceeded the benefits by £440billion."
Another example, in 2012 Italy had to pay £307million back after a fraudulent scheme of a motorway but was for the Mafia. This scheme was found out but how many are not? Brussels is notorious for corruption and waste of money. Auditors have not signed their account for 15 years because of £100billion are missing.
After the Brexit the UK can set its own financial regulation which will bring London back as an international financial powerhouse.
UK exports to the EU is slowing down from 55 per cent to 45 per cent in 2002 and continues to shrink. As the rest of the world markets are growing faster.
Remain campaign sending fear signals of threads of trade wars and risk of UK trade international. The reality is that 28 countries forced together by tyrannical Brussels regulations show most of them are practically bankrupt. It would be an economical disaster in the long run. A strong pound and a falling euro will make exports impossible.
The 19 EU members in the eurozone and five are to follow will force economical stronger members to provide further astronomical sums to aid the new eurozone members and this will backlash into further euro's decline.
Axel von Schubert finalises his very informative report by hoping UK votes for Brexit. After a turbulent renegotiating liberal trade agreements with the EU to avoid high tariffs on UK exports the UK will be one of the EU largest trading partners and therefore have a strong incentive.
The UK has a massive trade deficit with the EU but a surplus with the rest of the World therefore the UK could be EU's single biggest Market.
Source Evening Standard
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