Who would benefit from the UK leaving the European Union?

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A European Commissioner has announced in light of the upcoming elections, that the UK’s withdrawal from the EU would be a disaster for both the European Union and the UK. EU Trade Commissioner Cecila Malmstroem was asked about what implications would be for the UK leaving the EU as a proposed national referendum.
A European Commissioner has announced in light of the upcoming elections, that the UK’s withdrawal from the EU would be a disaster for both the European Union and the UK. EU Trade Commissioner Cecila Malmstroem was asked about what implications would be for the UK leaving the EU as a proposed national referendum. Asked whether it would be a ‘disaster’ if the UK voted to quit the EU, she responded ‘yes, for both parties involved.’ Ms Malmstroem is in London to brief ministers on the progress of EU-US trade talks.

The Conservative party has vowed to hold a referendum on the UK’s continuing membership of the EU if the party wins this year’s general election. The referendum would only be held if David Cameron is still prime minister after May, who has also recently attempted to renegotiate the terms of the UK’s membership of the EU.

The Transatlantic Trade and Investment Partnership also known as TTIP is the current alternative for UK. This EU-US trade deal would create the largest free trade market in the world. The British government maintains TTIP could add €12bn to the UK economy, €88bn to the US and €120bn to the EU each year. It says consumers would benefit by the elimination of EU import tariffs on popular goods, such as clothes and cars. The government also states that by reducing regulation would in turn help UK businesses export to the US, with small businesses and start-ups that would directly benefit.