What would the EU look like now if Britain hadn't joined for some reason? Would have Britain tried to create a rival trade organisation or one with the empire or commonwealth?
Would Britain now be richer or poorer for it?
It joins later.
If UK didn't join then its likely Ireland wouldn't have either due to the old Punt being tied to Sterling-result although (maybe?) no Celtic Tiger also no big downswing and thaasaaands of unoccupied houses. Why should UK joing the EU anyway after not bothering in '74 (due perhaps to the electorate saying no ta). What would the UK have to gain from joining EU? EFTA is quite enough and we can keep preferential trader status for NZ, Australia, Canada etc, might even get to keep some UK industry going, certainly our Fishing industry wouldn't have been as decimated as it was in practice and agriculture would also be in better shape too.
One thing to remember is that Britian joined the EEC and not the EU. If the EEC had remained the EEC I could see Britian being better off than it is now. It would be trade and only trade, but we turned our backs on the Commonwealth therefore loosing out of a lot of customers. EU population just over 500 million, Commonwealth pop over 2.25 billion. Also Britian stucks to the EU laws, where other countries (cough France cough) only do when it suits them.
It costs Britian the best part of £60 million a day to be told what to do by people who are not elected, by anyone.
Over all I think Britian would be 5-10% better off by never joinning.
And that brings to an end of my little rant.
Right now the UK trades more with Ireland then it does with India, so yes the Commonwealth may have over 2 billion in people how engaged would the UK have been with them in terms of trade?
The other point not to be a smart arse is how much of the purchasing power is that 500 million against the 2.25 billion?
Indeed and in any event I don't recall that the UK necessarily lost or walked away from all its trade relationships more just that it put more effort into closer relations.
In the long run NZ for one benefited as our principal export industries massively diversified away from monopsony