Why the Norway model wouldn’t work for Britain

In the corridors of Westminster and the salons of some remainers, there is a lot of excited chatter about the “Norway option”. This would involve being a member of the EEA and single market, but not of the EU. Depending on who is pushing, Norway is presented as either a temporary or permanent alternative to Theresa May’s troubled deal. But there are problems with this quick fix. The well discussed issue that being in the EEA doesn’t end freedom of movement is one; another is the fact that the Norway option doesn’t end EU budget contributions. But more fundamentally, few appreciate just how a regime that (sort of) suits Norway is completely unsuitable for the UK.

Norway (and I write as a half-Norwegian and regular visitor) is a remarkable economy but so different from the UK that it cannot serve as a role model. The two biggest sectors of the Norwegian economy are oil and fish, and both are outside the rules of the single market.