Commenting on Philip Gordon's comments about the UK's relationship with the European Union, Prof. Philip Booth, Editorial Director at the Institute of Economic Affairs, said:
"The US Assistant Secretary of State argues that the US wishes to see an 'outward looking EU with Britain in it'. This raises the problem that such an option might not be on the table. The European Union is currently obsessed with its own problems, the solutions to which it regards as further centralisation and regulation harmonised at the EU level. Indeed, in many respects, the US is going the same way as the EU – unsustainable spending and borrowing; ever-increasing regulation; and a lukewarm attitude to free-trade.
"If Britain is unable to change the direction of the EU, it might have to be accepted that an outward-looking trading nation may see its future outside the organisation."
Notes to editors
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