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THE UK -EU IN-OUT REFERENDUM 2013


To: The Right Honourable British Prime Minister Mr. David Cameron

From: Athinarayanan Sanjeevraja

Date: February 4, 2013

RE: Your Speech on Europe in-out referendum.

Suggestion: Good Morning Mr. Prime Minister. I had read your complete speech on EU very recently. You had said in your speech "Britain could make her own way in the world outside the EU". As an Analyst, I can say that you are wrong Mr. Prime Minister. It is not a good idea to leave EU. It would be absolute worst thing that could happen to UK because EU is by far the strongest force in the world for free trade. For instance, EU is presently finalising FTA with Canada. EU has genuine FTA with South Korea. Recently, EU is finalising FTA with Singapore. The numbers speak for themselves. You may argue that FTA still likely with EFTA, EEC or individual treaties like Switzerland and Norway but indeed, geography matters after all for trading Mr. Prime Minister. In addition, UK imports more from EU than it exports to EU. If EU imposed heavy tariffs on imported products it would be significantly harming UK economy.

Let me put it in perspective. EU gives businessess access to nearly 500 million consumers for UK business sector and makes UK more prosperous till 2007. Thereafter, UK economy slipped into recession due to global financial crisis 2008.  Today, Britain is blaming the UK's poor growth on euro crisis. Most Britain are in favour of leaving the EU. Mr. Prime Minister, it is your job to educate British people, leaving the EU may mark the start of nightmare of British econnomy. Britain has done a fantastic job in building the EU for global free trade. The UK-EU free market trade increased consumer choice and goods are no longer delayed in customs and delivering goods on time or shortly and bringing down the price for consumers.

UK could join NAFTA to create counterveiling power of traded disputes but ultimately this would create bad relationship with Europe. UK economy is already in fragile. It would be double tragedy for UK.  Even child would be smart enough to pick an option for trading with EU benefits or individual treaties benefits. Britain cannot be success without EU but EU can be success without Britain.  As you knew that EU is the biggest market in the world and it produces around 25 percent of global GDP. The EU is an innovative idea. Presently, EU is in crisis but the crisis is temporary. In my view, United States of Europe is a solution. EU will be a success project without UK.  

Thank you very much for your kind attention Mr. Prime Minister.

Sincere Regards,
Athinarayanan Sanjeevraja.   
Athinarayanan Advisory Authority
Athinarayanan Twitter   

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