Well, according to the Institute of Economic Affairs, if the UK were to leave the European Union the economy would not be affected as the government could negotiate a way to maintain some freedoms such as the movement of goods. The Institute also argues that Britain is one of the least regulated economies in Europe, as a result companies would continue to locate their company in Britain as it is easy to operate in Britain compared to the rest of Europe and also because of the surplus trade it has with other countries of the Union, the economy would not suffer any damage (Pycock 10-16). The UK economy would be in a better position if it left the EU, and According to the Telegraph "The UK will be the second most successful economy in the world" (Holehouse). According to the two sources, Britain could actually benefit from leaving the European Union as it would be free to trade with other large countries such as China, India and Brazil. As a result, the UK could position itself as a major destination to invest in and set up operations and also as a springboard into the European market. But according to the European Center for Reform, the economy would suffer if the UK left the Union as there are around 4-6 million jobs directly linked to the Union (Springford. et.al 28). The government cannot afford to lose so many jobs because that would mean losing millions of money in taxes as many companies would relocate to other countries. Because the UK is usually chosen as the first country to start from if you want to do business with the EU. The two statements are strongly contradictory as the IEA bases its report that the UK can use its economic size as leverage, while the ERC states that the UK's position and also