Does the UK need access to the Single Market? What trade alternatives are there?

The paper examines the economic relationship between the United Kingdom and the European Union since the UK's entry in 1973, highlighting mutual growth and benefits. It addresses the recent political shift regarding EU membership, culminating in the Brexit referendum, where a majority favored leaving. This decision has intensified the need to analyze the UK's dependence on the Single Market, exploring the implications for both economies in the context of changing political landscapes.