1. “It will create uncertainty.” (Usually followed by the phrase “…and business hates uncertainty…”)
This is, literally, an infantile argument. Babies live in the present and want everything now. Grown ups understand the importance of deferred gratification – that is you need to accept a certain amount of present pain (be it the tedium of learning your times tables or practising your golf swing) in order to enjoy future gain.
It also dishonestly assumes that the status quo is always preferable to the instability caused by change. If this were so, no one would ever divorce their nightmare of a wife/husband or move to a bigger, more comfortable house. Nor would Britain have quit the European Exchange Mechanism (an action which led to a decade’s economic growth) or gone to war with Adolf Hitler.
And it’s woefully short-termist. We’re not voting on what’s going to happen to the sterling or the FTSE or even the jobs market in the next few months or years. We’re deciding on what’s best for the long term wellbeing of Britain and her people.
2. “The pound will fall“.
It may. (Benefitting UK exporters whose products will become, relatively, better value) Then it may rise. Or not. This is one of the advantages of having a floating exchange rate: the price of sterling is a reflection of how Britain’s economic prospects are seen vis a vis the rest of the world, rising and falling in accordance with economic cycles, acting as a corrective mechanism that brings stability. Unlike the poor sods in the Eurozone who have to put up with a one-size-fits-all-currency run in the interests of Germany.
3. “It grants us a place at the top table“
Yes, a table that we’d be sitting at anyway owing to the fact that we’re the world’s fifth largest economy with the world’s fourth highest military budget, which once owned, ran or traded with more than half the atlas, which invented most of the world’s sports, wrote most of its best literature and which speaks the universal language (because we invented that too).
4. “Membership of a club.”
Whose exorbitant (£18 billion a year) annual membership fee entitles us to what, exactly? Overpriced food and drink kept high by protectionism and tariffs? Check. A non-exclusive admissions policy which means that each year we have to accept more and more riff raff who won’t even observe the club’s most basic codes (no raping in the billiard room, etc)? Check. An ever-increasing body of pettifogging rules and regulations which make it harder to do business or indeed anything else we want without some finger-wagging busybody telling us “No you can’t use your usual weedkiller on the garden anymore. Nor can you buy alphonso mangoes. Nor will we allow you a kettle that comes to the boil quickly. Das ist Verboten!”? Check. Crap facilities increasingly under strain because of all the new club members? Check.
5. “We’re not quitters“. (David Cameron)
If only the British Expeditionary Force had stayed behind in Dunkirk in 1940 to be annihilated: that would have taught Herr Hitler a lesson he would never have forgotten. And what about all those idiot smokers thinking it might be a good idea to give up their healthy habit? Or the gamblers who’ve just made a fortune on the roulette table and are now wondering whether to reinvest it on number 13? Quitters: what do they know about anything, eh?
Read the rest at Breitbart.