by Jonathan Todd
The wealth of the UK depends much more on European trade than with any other export market. Our prosperity, much more interwoven with continental prosperity than with prosperity over any other geography, is used to finance public services that are discernibly European in their scope and coverage. Popular support for such public services rests upon values that are more akin to those held elsewhere in Europe than beyond.
We are, in other words, a European country. Europe is not the EU. But the EU is the key organising unit for the advance of shared economic and political interests within Europe.
The challenge for the UK, outside of this organisation, is to sufficiently maintain the GDP growth that we have enjoyed within this organisation to continue to fund public services to the extent that public opinion requires. While the UK is exiting the EU, trade with other European countries is so vital to British economic performance that relations with the rest of Europe will continue to be key to this challenge.
It has long been said that the UK wants Scandinavian public services on American taxes. It has never been said that we want Singaporean public services on Singaporean taxes – with much more limited Singaporean regulation to boot. Yet the prime minister – with zero democratic mandate for this position – places this threat above both our EU partners and the British people.
