The Mudcat Café TM
Thread #165570 Message #3986100
Posted By: DMcG
06-Apr-19 - 02:50 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
Maybe so, Nigel, but if so it is a very biased quotation. I don't think I am alone in freely admitting there are disadvantages to a customs union, but that is not the point. There are also advantages (as that link also points out), and the key factor from an economics viewpoint is which is greater.
I said somewhere in these threads over a year ago - I can't be bothered to track it down - that as a purely economics question it is very reasonable for any country to continually assess all its trade deals and determine if they are to its benefit or not. If not, then it is sensible to seek to change them. So - again in purely economics terms - it is reasonable to examine whether the EU relationship is a good idea or not continually and act accordingly. But my assessment, and those of most economics apart from the Minford school, it that the arrangement is in the UK's favour.