Alternatives worse than EU membership, says new report
From
According to Charles Grant, director of the Centre for European Reform and member of the SEE, the most likely outcome of the UK exit would be a UK-EU Free Trade Agreement. But this could take years, and terms might not be favourable to the UK, he warned.
...Grant noted while nothing currently prevents the UK from trading outside the EU, should it join the EEA, the UK would not inherit free trade agreements already negotiated with the European Free Trade Association (EFTA), and so would have to start the process from scratch.