The Liberal Democrats have long argued in favour of some new form of ‘customs union’ between the UK and the EU. But it now appears that key figures in the Labour administration are swinging behind the idea as well, including the Prime Minister’s chief economic adviser Minouche Shafik and Treasury minister Torsten Bell. These two … Continue reading Four reasons to resist the siren calls for a new ‘customs union’
Tag: single market
The UK probably should rejoin the Pan-Euro-Mediterranean Convention – but it’s not a big deal either way
First, the short version… In my opinion, the UK should rejoin the Pan-Euro-Mediterranean Convention, which would allow British firms to use components sourced from anywhere within this zone and still qualify for tariff-free trade with other members. This would not be a ‘betrayal of Brexit’, despite what some are claiming. Crucially, the PEM Convention is … Continue reading The UK probably should rejoin the Pan-Euro-Mediterranean Convention – but it’s not a big deal either way
EU’s legal battles with Britain show Starmer’s ‘reset’ is a fool’s errand
The prospect of a ‘reset’ of the UK’s relations with the EU has excited some and alarmed others. This muddle of emotions has not been helped by a barrage of misinformation from supporters of much closer ties with the rest of Europe. So, how worried should we be? To be fair, the opening of negotiations … Continue reading EU’s legal battles with Britain show Starmer’s ‘reset’ is a fool’s errand
The libertarian case for Brexit – restated
Back in January the IEA published a blog post by Emmanuel Comte with the title “Why Brexit was a mistake, from a libertarian perspective”. I believe this judgement is wrong – or at best, premature – but the libertarian case for Brexit does often need restating. Dr Comte, a Senior Research Fellow at the Hellenic … Continue reading The libertarian case for Brexit – restated
Plain-speaking Economics 