“The Swiss have wanted a passport for their banks for years and the EU has denied it…”

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The whole of this discussion and the infill linking pieces are well worth watching if you can get it from last night’s Newsnight… Hugo is not so strong on the political deficit question, but he is very strong on the economic consequences of a UK exit from the European Union…

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  • FuturePhysicist

    It’s surprising that Northern Ireland is attractive at all to young skilled European migrants from the EU/EFTA free movement area outside of Britain and Ireland. Despite access to these migrants, many companies are refusing to employ many of the young workers in our area, migrant or native, due to risk aversion and sometimes an opaque understanding of the transferability of qualifications and soft skills despite the imperatives of long term business survival, connecting to younger consumers and the social responsibility to protect the future economy which is also a self interest when the business leader retires.

    The criminal elements of migration would remain despite border checkpoints, it’s not like they are gone? If they are gone why do the Gardai stop the bus from Newry to Dublin to check passports, why do we get checked at airports flying to Britain or indeed within the island of Britain? Without the EU, Europol becomes politically deficient run by unaccountable beurocrats, both Britain and Ireland would have problems with dealing with criminal migrants having no say in how the databases operate.

    In terms of the political deficit, the constraining rules on trade are subject to National ministers chosen by governments, and the Parliament we are currently electing … In comparison to the UN which controls World Food, Monetary Funds etc. it is a lot more democratic and accountable. There are 28 proud nations defending their own interests in the equilibrium, that will ensure their country’s interests are not ignored in any give and take. There is a level playing field on many things, if anything the UK has a special status.

    Yes the UK would be a net contributor, but in terms of second order benefits it’s a net beneficiary.