Britain is witnessing a real shake up of its political system that may lead to the greatest realignment of its internal politics in generations. There are two indicators to justify such a statement – the Referendum on Europe and the intended Bill of Rights mentioned in the Queen’s speech. Today I will deal with the Referendum issue.
A long time has passed since the UK joined the Common Market (the predecessor of the EU) after the demise of de Gaulle and removal of his veto. The new generation of Brits know very little about life in the turbulent years between 1967 and 1975. The current prosperity is taken for granted and no one can assert whether or not the UK would have been better off had it stayed outside the EU. Economics is not a precise science and thus just as it was impossible in 1973 to determine the pros and cons of joining, it is equally impossible today to decide whether to leave or remain in the EU. (more…)