LONDON – Membership of the European Union has shackled Britain’s economy to a corpse. The United Kingdom has been bound by swaths of costly red tape to a bunch of moribund economies with no growth prospects. As a result, UK exporters have been held back from the fast-growing markets of the Commonwealth and the developing world.
That, in a nutshell, is the view of British euroskeptics, and it has gained considerable force in the past few years of Europe’s slow-motion crisis. The facts, however, tell a very different story.