[W]hen the empire dissolved...the people of Britain suffered from a kind of vertigo: they could not believe that they were standing upright, and reac… - Enoch Powell

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[W]hen the empire dissolved...the people of Britain suffered from a kind of vertigo: they could not believe that they were standing upright, and reached out for something to clutch. It seemed axiomatic that economically, as well as politically, they must be part of something bigger, though the deduction was as unfounded as the premise. So some cried: 'Revive the Commonwealth'. And others cried: 'Let's go in with America into a North Atlantic Free Trade Area'. Yet others again cried: 'We have to go into Europe: there's no real alternative'. In a sense they were right: there is no alternative grouping. In a more important sense they were wrong: there is no need for joining anything. A Britain which is ready to exchange goods, services and capital as freely as it can with the rest of the world is neither isolated nor isolationist. It is not, in the sneering phrases of Chamberlain's day, 'Little England'...The Community is not a free trade area, which is what Britain, with a correct instinct, tried vainly to convert it into, or combine it into, in 1957-60. For long afterwards indeed many Britons continued to cherish the delusion that it really was a glorified free trade area and would turn out to be nothing more. On the contrary the Community is, what its name declares, a prospective economic unit. But an economic unit is not defined by economics – there are no natural economic units – it is defined by politics. What we call an economic unit is really a political unit viewed in its economic aspect: the unit is political.