This really is a key point. The UK contributed a net of something like 140m pounds a week or so to the EU, that's about 7b pounds on a 1.8 trillion pound economy, or a small (0.3%) fraction or so of the GDP. For that they got 10% or so of the votes in all European affairs, and access to a market (50% of UK exports are to the EU) under favourable trade agreements, which are easily worth 0.3% of GDP in and of itself.
Now the UK will not contribute 0.3% of its GDP, lose some of its favourable deals that far exceed 0.3% of GDP, and lose the 10% vote in EU affairs, yet will be subjected to those affairs as part of the inevitable effort of negotiating to keep many (though impossibly all) of the benefits the UK now has as a member.
That's not independence, really. That's losing 10% influence in a union which you'll still be trading and working with, and who will still be subjecting you to lots of requirements under this new partnership, which you'll have a reduced say in.
Unless the UK actually wants to be independent in the semantic sense of isolationism, i.e. not deal with the EU at all anymore. Yes, then you'd have independence, and you'd also have a country that'll be completely wrecked, for the same principles that a broad boycott (e.g. Cuba for many decades, North Korea, Iraq during some of its harshest years etc) is so devastating, because interconnectedness is extremely valuable. That interconnectedness will still be sought for by the UK, but now it can't vote and is at the mercy of the largest economy in the world. Obviously the UK's economy and power will play a significant role in negotiations, no doubt, but the UK outside of the EU needs the EU more than vice versa.
So the independence argument I agree, is quite flimsy.
Now the UK will not contribute 0.3% of its GDP, lose some of its favourable deals that far exceed 0.3% of GDP, and lose the 10% vote in EU affairs, yet will be subjected to those affairs as part of the inevitable effort of negotiating to keep many (though impossibly all) of the benefits the UK now has as a member.
That's not independence, really. That's losing 10% influence in a union which you'll still be trading and working with, and who will still be subjecting you to lots of requirements under this new partnership, which you'll have a reduced say in.
Unless the UK actually wants to be independent in the semantic sense of isolationism, i.e. not deal with the EU at all anymore. Yes, then you'd have independence, and you'd also have a country that'll be completely wrecked, for the same principles that a broad boycott (e.g. Cuba for many decades, North Korea, Iraq during some of its harshest years etc) is so devastating, because interconnectedness is extremely valuable. That interconnectedness will still be sought for by the UK, but now it can't vote and is at the mercy of the largest economy in the world. Obviously the UK's economy and power will play a significant role in negotiations, no doubt, but the UK outside of the EU needs the EU more than vice versa.
So the independence argument I agree, is quite flimsy.