Now that we have voted to leave the EU, a key choice for the UK is whether we want to remain part of the EU's single market, or to negotiate a free trade agreement with the EU.
This video from the National Institute of Economic and Social Research (NIESR), produced before the referendum vote, talks through what the difference is and what this means for the UK.
The video is based on research by Dr Angus Armstrong at NIESR.
The single market is still far from complete for many service sector industries. We've written more about this here.
Update 15 July 2016
We added in the last paragraph about the single market in services.
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Political debate in the UK is in flux right now. The UK’s exit from the European Union is approaching, we will soon have a new prime minister and potentially a general election.
We want politicians to tell the truth, and while the best politicians realise that their work should be done honestly, some aren't taking their responsibilities seriously. Both sides in the EU referendum campaign let voters down, from deceptively designed leaflets to some of the arguments made on each side. The public rightly expects more from politicians.
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