Boris Johnson’s Chief Economic Adviser accepts that leaving Europe would create “uncertainty”.
This is due to the fact that other EU members would get to dictate the terms of exit, and that the UK would need to invoke Article 50 of the Lisbon Treaty in order to leave, it has emerged. This is from a 2014 report called The Europe Report: A win-win situation, written by Gerard Lyons.
This is significant because prominent eurosceptics, including Mr Johnson, former Conservative leader Lord Howard and Vote Leave campaign director Dominic Cummings have all suggested the UK could vote to leave, refuse to invoke Article 50, renegotiate a better deal and then hold a second referendum on whether to leave or remain on the new terms.
Mr Lyons’ report stated:
“The first thing a No vote would likely deliver is uncertainty because if it is decisive it would probably require the UK to invoke Article 50 of the Lisbon Treaty, and out of this would then follow the terms of exit. Article 50 explicitly states that the other remaining members of the EU would decide the terms of the exit, not the country that is leaving.” (p.95).
Lucy Thomas, Deputy Director of Britain Stronger In Europe, said:
“Leave campaigners are trying to kid the British people into thinking that we can vote to leave the EU and yet somehow remain in it at the same time. This report from Boris Johnson’s own economic adviser shows that line of argument to be simply wrong. If we vote to leave, we leave. Legal experts all agree that the process would take years, and we would be shut out of the negotiating chamber while 27 other countries decided our fate. Our jobs, our security and our family finances are all safer in Europe, and leaving would be a leap into the dark.”