Brexit would be 'difficult and lengthy' - Lords Committee

The Lords EU Committee said determining the rights of two million UK nationals living in the EU would be a "complex and daunting" part of exit talks.

While they do not recommend a vote either way, peers say trade deals between the EU and non-EU states take between four and nine years on average.

If the UK voted to leave in the referendum on 23 June, it would not mean an immediate exit from the EU.

It would open up a two-year window of negotiation allowed under EU rules, which could be extended, but only if all remaining member states agreed.

The cross-party committee warned that negotiations for withdrawal and to establish a new relationship with the EU would take longer than the two years allowed under Article 50 of the Lisbon Treaty.

So what! Worthwhile changes require sacrifice and endeavour.

Which would be fine, if that's what the leave campaign had been saying in public. However they've been insinuating that we'll be fine if not better off immediately after Brexit.

Hardly fear-mongering when it's entirely true.

So have just come from an leave camapaign thread which was spiiting a load of friothing garbage, to a remain thread which states the balatantly obvious.
Ofc it will take a long time because its complicated, it deosnt mean we wont carry on trading or the sky will fall in.

Nonsense! Everyone knows there will be a transition period while the details are sorted out.

Im glad you agree with me, now you just need to convince Farage, Hannan et Al

It is completely irrelevant to the case for exit.

I think it is, because we will be in an indefinite period of limbo for the duration - in the EU for the time, but expecting to leave, but with no idea until the end of what our relationship with the EU would be (EEA? Bilaterals? Free trade? WTO? Something else?)

That's going to give investors jitters.

Don't be silly. It is obvious to anyone of even the meanest intelligence that the UK will be in the EEA. Nobody in their right mind believes anything else.

It would be the least worst option, i grant you,.

Well, the most worst option is staying in, of course.

Actually, I'd rank it above EEA membership by all accounts. At least as a full EU member we would retain considerable influence over legislation in the EU.

Don't be silly. It is obvious to anyone of even the meanest intelligence that the UK will be in the EEA. Nobody in their right mind believes anything else.