So much of the complaining in the referendum, was that the EU didn't give us a better deal. It's too late now, but I struggle to understand what was so bad about the UK's deal.
The UK:
- had opted out of the single currency, but had full access to Euro financial markets and so was a major clearing centre for the Eurozone (which will almost certainly disappear now even in a Norway style settlement);
- had opted out of Schengen so could control non-EU migration
- attracted many high-skilled, high tax paying migrants
- had the EU commissioner in charge of financial services
- had rebate on its contributions
- was the single largest recipient of inward investment as international companies sought to take advantage of the English language, access to the single market and skilled workers
- was exempt from bailouts of Eurozone countries
- as a member of the EU (not the EEA) was able to veto key decisions and horse-trade to get support
- was able to act as a bridge between EU and U.S.
- had agreed a deal where EU migrants could be restricted from benefits for 4 years
- EU migrants contributed much more in tax revenues that they took
- Uk citizens could live, work, study and retire in 27 other countries and able to continue to receive their UK pension, and access free healthcare on the same terms as a local
This was all for a relatively small share of GDP. No other EU member had close to such special terms. It will look like an absolute bargain soon as Boris goes begging, and jobs and tax revenues are decimated.
The downside seemingly was freedom of movement.