Indus Pakistan
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EU sucks, forcing it's member countries to add value added tax to everything sold within the union.
From a business perspective EU is VERY BAD.
I just mentioned the VAT issue, but there are countless other regulations and silly rules, that is bad for businesses.
Actually now that the UK has left the EU even I might conduct more business with the UK, which wouldn't have happened if they stayed in the EU. For me it's the VAT issue.
A country that is not in the EU has an advantage over a country that is a member of the EU when doing business. Only exception is import/export to and from EU, but this can be solved easily with a trade deal like Turkey has with the EU which means free customs.
Fact 1. UK buys more from EU then it imports. Bottom line. EU needs Uk more than UK needs EU. Rest of European Union made £70 billion, yes £70 billion more from UK than we made from them. So who is going lose out more? You tell me? By £70 billion.
"The value of trade to the UK and the rest of the EU—we exported about £220 billion worth of goods and services to the rest of the EU in 2015, according to UK data, while the rest of the EU exported somewhere around £290 billion to us. These figures differ if you use EU data. What this means is that the rest of the EU sells more to us than we sell to it"
FACT 2. So if UK is losing more than gaining from EU (deficit) where are we making the profit? Simple. The World. That is the strength of the UK economny. It is deeply embedded in the centre of the world probably a legacy of Empire. In short UK makes the profit from the trading with the world and EU milches us. And then some fools make it look like EU is doing us a favour. Fact is UK is providing massivbe "dole payments" to keep rest of Europe going along.
And the growth today is in the world market. The real action is in Far East and emerging economies. Refer to the economic gravity map and you can see the shift. It was for this reason that UK jumped at the chance of joining the Chinese Asian Infrastructure Investment Bank (AIIB) despite US reservation.
Link > http://www.ft.com/cms/s/0/d33fed8a-d3a1-11e4-a9d3-00144feab7de.html#axzz4HKsfhQkV
And Brexit has to be done slowly because you can't afford to create volatility. A slow gradual release allows time foe a evolved change and for markets, regulations and agreements to shape up without causing any harm. Therefore the slow process of leaving is prudent thing to do.