This IEA classic concisely lays out the economic issues that would be raised if Britain were to leave the EU.
Adherence to the Common Agricultural Policy is the major economic cost of EU membership. Escape from the CAP would be a clear gain but would be offset or partially offset by some increase in tariffs on British exports or ther EU countries and (possibly) some loss of inward investment. Intangible costs of membership include the costs of EU regulation.
This new and revised edition of Better Off Out? brings up to date the estimates made in 1996 and shows that subsequent studies have independently confirmed its conclusion that the net economic effect of EU membership is close to zero. It does not argue for Britain’s withdrawal. But, the authors say, withdrawal should ‘not be dismissed as a practical option for the nation, if membership imposes conditions that the country finds onerous’.
2001, Occasional Papers 99, ISBN 0 255 36502 0, 129pp, PB
The European Institutions as an Interest Group by Roland Vaubel
Friend or Foe? What Americans should know about the European Union by John Blundell and Gerald Frost.
Should Britain leave the EU? by Patrick Minford, Vidya Mahambare and Eric Nowell