Instead, we should fear domination and irrelevance. We joined the European project as an arrangement of countries of approximately equal size, all involved in all aspects of the project, bargaining and making deals where sometimes one faction won and sometimes another. Within 10-15 years the EU will consist of a gigantic Eurozone state formed of around 25 countries and perhaps 4 non-euro EU members whose involvement will be merely a legacy. That will be doubly so of the UK which will not only not be in the euro but also not in Schengen. The main EU projects will be the euro, Schengen, common border guards, a European “FBI”, a nascent European army – and we will not be involved in any of them. In Peter Lilley’s excellent phrase, the UK will be an “appendix” – a member of the EU that once had a function but which subsequent developments have left otiose.