Article 50 is part of the Lisbon Treaty which governs membership of the European Union. It allows for the withdrawal of members and would make Brexit possible. If a referendum delivered a leave verdict, David Cameron would have little option but to kick off the formal, and potentially destabilising, process of extricating Britain from the European Union.
Once a country has formally declared that it wants to leave, it must then negotiate with the other members for up to two years about the terms of departure. Issues at stake would include what trade tariffs Britain would face for different products and services; what rights to movement EU citizens would have into Britain (and vice versa); and how much of the financial regulation initiated in Brussels would apply. Some have argued that this could lead to a better deal and even a second referendum. In reality, each side will try and get as much out of it as possible. Why should Europe be nice to us when we have given them the thumbs down? Clearly, we are an important trading partner but not at any price. Once we leave, we will have no voting rites within the EU and little control over our relationship with it. In terms of travel restrictions, why shouldn't members require British citizens to have visas and pay entry and/or exit taxes? Modest ones would be little deterrence but a nice little earner for the member states.
The treaty also states that the period for negotiation could be extended, with the unanimous support of all member states; without such an agreement, Britain would be unceremoniously ejected when the time was up, however the picture was looking.
Why put ourselves through this, especially when the EU has been so good for Britain in multiple ways? Yes, it needs reform BUT remember:
Whatever the myths, British people are the biggest beneficiaries of the right to settle anywhere in the EU, more British people live in other EU countries than any other nationality! And there are about as many Brits living elsewhere in the EU as there are other EU nationals in Britain. Only 3.6% of the UK population is from another EU country. Most migration in the UK is from outside the EU.
- We need to reduce unnecessary EU spending by reducing the proportion of its budget spent on the Common Agricultural Policy.
- We should scrap the European Economic and Social Committee and the European Parliament’s second seat in Strasbourg. This will save a £150 million a year.But we are #StrongerIn.