If we do, we could reverse at least some of the six per cent hit to GDP it has caused so far. If we don’t, we could continue to lose productivity growth of 0.2 per cent a year.
The alarmism of Osborne and others has proved to be baseless – instead, our existing strengths in financial services position us to grow even stronger.
With a limited number of exceptions such as Euratom, we need to take back control of regulation from continent-wide agencies with which we are a poor fit.
The industry is highly competitive and can’t afford to subsidise peak-time travel. If prices don’t ration a finite number of packages, something else will.
There is much more to politics than an affordable state and competitive taxes. But both will be indispensible for survival, let alone prosperity, after we leave the EU.