According to the Government\u2019s business department, the nation\u2019s income would be given a \u00a320 billion boost if it were to leave the European Union (EU).<\/p>\n
This would be due to international trade deals that have already been confirmed, as well as the predicted number of deals that are considered as being likely to go ahead.<\/p>\n
In response to a question on the issue of the UK\u2019s future economic position if a \u2018Brexit\u2019 were to go ahead, which was put forward by MP Emma Reynolds, business minister Anna Soubry said: \u201cThe cumulative impact of all concluded, ongoing and potential trade negotiations currently being undertaken by the EU could boost UK GDP by over \u00a320bn in the long run.\u201d<\/p>\n
The figure has been welcomed by groups that are hoping to achieve a UK exit from the EU, ahead of the referendum which is due to take place before 2017.<\/p>\n
A number of groups, including Vote Leave and Leave.EU, claim that a Britain outside the union would be able to agree on better trade deals with other countries \u2013 such as America, China and Japan \u2013 due to the current limitations of being a European member state.<\/p>\n
However, recent polls have indicated that the number of those supporting a UK exit are matched by those who are in favour of the UK\u2019s continued existence as part of the EU.<\/p>\n
In an interview with The Independent newspaper, Ms Reynolds said: \u201cThe UK\u2019s membership of the EU gives us access to other markets around the world on better terms than we could negotiate if we go it alone.<\/p>\n
\u201cThe EU single market has 500 million consumers. This gives us a powerful hand in trade negotiations with big economies such as those of the US, India and Japan.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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