The UK won't starve, but our economy & trade will be hit.
A prediction, not a fact.
We'll probably have large public spending cuts and interest rate rises too, to avoid the pound crashing through the floor.
^^ Project Fear ^
We will not be obliged to give the EU £350million a week. We will not be asked for the occasional £1.6 billion by the EU because our economy out-performed expectations
After Brexit, we'd still have to pay into the EU and follow EU rules if we want to trade with them, like other European non-members.
Wrong. Many European non-EU member countries trade tariff-free with the EU. Iceland, Turkey, Macedonia all trade tariff- free with the EU
The difference will be that we'll no longer have a vote on policy.
We have very little influence in policy now and that will reduce further as new member countries join the EU
There is a price for going it alone and tearing up our current trade agreements:
We can't force the rest if the world to prioritise what we need, just because we chose to abandon our current trade agreements.
Trade will still continue. We will regain our seat in the World Trade Organisation and trade under that framework, like many other countries in the world do.
Obama - and Clinton who is his likely successor - have both said it would take 5-10 years to negotiate new US-UK trade agreements AND get it through the US Senate & Congress.
The EU currently has no trade deal with the U.S. The UK therefore has no current trade deal with the U.S. So the situation remains the same whether we are in our out of the EU. If we stay in the EU we will be subject to the hated TTIP deal. If we leave the EU we escape it and will not have a new UK / US forced on us as we are now 'at the back of the queue, luckily as that allows us to keep the NHS longer.
The EU has more urgent priorities too.
The EU is obliged under the Lisbon Treaty to discuss trade arrangements with us list BREXIT, however if these are fruitless we will trade via other arrangements such as WTO, and the EU cannot stop us or penalise us.
Business need confidence & stability to invest.
Whuch makes them more likely to retain confidence in the £ given the systemic flaws in the Euro and the new emerging Greek debt crisis ( scheduled to happen after the UK referendum)
When multinationals downsize, the UK offspring would be first to go, if we no longer give them the advantage of selling within the EU
Since the referendum was announced Boeing has chosen the UK as its European HQ, Avon vid metics is moving from the U.S. to the UK and Aston Martin are opening a new factory in Wales. BREXIT holds no fears for them
e.g. Europe has massive over capacity in volume car production, so UK sites are the obvious ones to ditch.
Toyota and Honda have both confirmed they will stay in the UK regardless. On the other hand, the EU used EU funding to close the Ford company in Southampton and transfer the work to Turkey. Those redundant Ford workers in Southampton don't think the EU had their workers rights at its heart, using their tax to destroy their jobs
If the EU was really do great, we wouldn't be having this discussion. Everyone would be pro-EU. It isn't great. It's the biggest con ever perpetrated against the British. It is political union and a diminution of The rights of the British people, masquerading as a trade organisation. It isn't a trade organisation, it's a European Superstate that governs you