Writing in the WSJ, Iain Murray and James C. Bennett see an opportunity for NAFTA to serve as a lifeline to Britain:
The European Economic Community (EEC) for which the British signed up in a 1975 referendum—a community of free trade and cooperation, not supranational bureaucracy—is long gone. Worse, even today’s less-palatable EU will soon no longer be on offer. Sometime in the next few years at most, Britain will likely face the choice between immersion in a powerful centralized European mega-state and full exit.
Most probably, the choice will be made in an atmosphere of crisis, with dramatic media coverage proclaiming impending doom for Europe. Britain today needs to think seriously about a Plan B, so that it does not have to take an option it will regret for lack of coherent alternatives.
Britain does have other choices. To find the country’s new role, British leaders should look to North America.
It’s questionable outside a major meltdown that the UK should leave the Eurozone and marry economies with the Anglosphere. But I like to hear it talked about, if only because the rumors will make Nicholas Sarkozy’s head explode.