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> Secondly, why would the UK end up with a Norway or Switzerland deal, when the UK is the 5th largest economy in the world?

Well, 6th now. Sorry about that. France said "bonjour" as you passed.

According to April 2016 data, France is behind both the UK and California: https://en.wikipedia.org/wiki/Comparison_between_U.S._states...

Edit: presumably you're referring to reports based on today's Pound Sterling crash, but those are incorrect as well: http://www.independent.co.uk/news/business/news/eu-referendu...