Wednesday, October 21, 2020

“London sees Brexit as a way to revive the British economy without Brussels getting in the way”

Must Read

“Indispensable to allow democracy to prosper, freedom of expression, misled and manipulated, can also undermine it”

Chronic. Chance of the calendar - or not - the United States announced, Monday, October 19, the indictment of...

Andy Burnham, the new “voice” of the North of England, challenges the central power

The Mayor of Greater Manchester, Andy Burnham, at a conference in Manchester on October 20. PHIL...

Armenians and Azerbaijanis accuse each other of new attacks

As the conflict enters its fourth week, Armenians and Azerbaijanis accused each other of new attacks on Monday (October...

Tribune. In January 2017, even before the British government invoked Article 50, then-Finance Minister Philip Hammond gave an interview to the Sunday edition of the German daily. Die Welt. When asked what the consequences would be of the UK leaving the European Union (EU) without an agreement being reached, his answer was simple: the UK would be forced to change. “If Britain were to leave the European Union without a market access deal, he explained, then we would suffer, at least in the short term, a certain amount of economic damage. If this were to be the case, we might be forced to change our economic model, and we would have to change our model to regain our competitiveness. “ The press interpreted this statement as a threat to turn the UK into a “Singapore on the Thames” – a deregulated, loosely controlled, low-tax economy at the gates of Europe.

Article reserved for our subscribers Read also UK turns the page on austerity for its first post-Brexit budget

Mr. Hammond thought this was a bad solution. It was never a secret that he preferred to stay in the EU, and he fought for a deal to keep the UK as close as possible to the single market and the customs union. But for many of his Conservative colleagues, the vision of a UK free from the regulatory constraints of EU membership was the payoff that justified Brexit. They saw the EU as a regulatory juggernaut paralyzing dynamic British companies with a finicky bureaucracy, with protectionist tendencies that thwarted Britain’s inclination to see itself as a champion of free trade.

They supported these arguments with numbers. Two long-time Eurosceptics, Bill Cash and Bernard Jenkin, explained as early as 2013 that the benefits of the single market did not outweigh its costs – a calculation that overlooked the benefits of European regulation. The best-known pro-Brexit economist, Patrick Minford, claimed in 2018 that the thirty years of the single market had cost 12% of British GDP.

“Do not regress”

The origins go back even further. The founding text was Margaret Thatcher’s speech in Bruges in 1989, in which she issued this warning: “We have failed to push back the state borders in the UK only to see them reimposed at European level by a European superstate exerting new domination from Brussels. “

You have 57.09% of this article left to read. The rest is for subscribers only.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

“Indispensable to allow democracy to prosper, freedom of expression, misled and manipulated, can also undermine it”

Chronic. Chance of the calendar - or not - the United States announced, Monday, October 19, the indictment of...

Andy Burnham, the new “voice” of the North of England, challenges the central power

The Mayor of Greater Manchester, Andy Burnham, at a conference in Manchester on October 20. PHIL NOBLE / REUTERSA few passers-by...

Armenians and Azerbaijanis accuse each other of new attacks

As the conflict enters its fourth week, Armenians and Azerbaijanis accused each other of new attacks on Monday (October 19th). The "Humanitarian truce"...

The death of goalkeeper Bruno Martini

Bruno Martini, in Montpellier, January 23, 2016. PASCAL GUYOT / AFPIt's a passion that fits the character and his image well. ...

The triumph and the damage of “America first”

"Sovereignty" : that day, Donald Trump repeated the word 21 times. On the occasion of his first speech to the United Nations General...

More Articles Like This