Quote:to compensate for the EU import duties we will have to pay.Um that's not right. If we leave the EU it's up to us what import duties we charge for imports into the UK. That's not the problem. The problem is what import duties the EU would charge for exports from the UK to the EU. They might make our exports uncompetitive, together with the absence of free trade and the possibility of restrictions. That's what the EU is, and the EU is our biggest export market. If companies currently in the UK want to supply the EU, they may well choose to move from the UK to another EU member state in order to maintain the absence of import duties and continue to enjoy unrestricted movement of goods.
I'm surprised at the general lack of understanding of what would change if we left.