Those who argue that there will be a recession if the UK leaves the EU, may be right for both the UK and the rest of the EU. Certainly, there will be uncertainty for a while – so will there be if we stay in. The uncertainly if we stay in will be as to how long it will be before the EU will collapse under the weight of corrupt and stifling bureaucracy. Brexit, however, will not bring a recession in the UK if we have shale gas. The Planning Committee of the East Yorkshire Council had the common sense and courage to give the green light for shale production and this means that Brussels and Mr Putin (there is evidence he funds the anti-fracking groups) have much less power over us. That plus less bureaucracy in the UK would breathe new life into the UK economy.
Bill Butterworth Land Research Ltd 24 May 2016