The “leave” campaign blandly assumes that once they have undermined – if not wrecked – the power of the EU by leaving it, they can simply re-negotiate all the advantages of membership with pliant Europeans eager for our trade. This is self-deception to the point of delusion. Their argument is that the EU needs the UK market more than we need theirs, on the basis that – overall – the EU exports more to the UK than we export to them. This is, at best, disingenuous. More bluntly, it is fantasy.