Better say No
Dan Hannan's EURO BRIEFINGS
What would happen if we voted 'no'?
What would happen if Britain voted “no” to the EU constitution while most or all of the other countries wanted to go ahead? Would the other heads of government tear up the draft in deference to the British? And, if not, where would that leave us? Staying where we are would not be an option, since the existing treaties would no longer exist: they would all have been folded into the new constitution.
I was only wondering today - so am pleased to see an erudite answer - basically we would be much better off.