IEA In Conversation event with Arlene Foster reported by the Belfast Telegraph

Northern Ireland First Minister Arlene Foster expressed her anger at the NI Protocol and its effect on trade at an IEA In Conversation event hosted by Director General Mark Littlewood. The DUP leader told Mark that: "At the beginning of January we had lorries which were having real difficulties coming back into Northern Ireland, we ... Continue reading

IEA In Conversation event with Arlene Foster reported by the Evening Standard

Speaking at an IEA In Conversation event, the First Minister of Northern Ireland Arlene Foster told IEA Director General Mark Littlewood that she warned about the impact of the NI Protocol “right from its inception”. Arlene Foster expressed her anger at the NI Protocol, saying: "What we have is a completely disproportionate situation where trade ... Continue reading

IEA In Conversation event with Arlene Foster reported by ITV News

Speaking at an IEA In Conversation event, Northern Ireland First Minister Arlene Foster argued that the NI Protocol needed to be replaced with a “realistic and sustainable” alternative. Arlene Foster told  IEA Director General Mark Littlewood that "What we have is a completely disproportionate situation where trade between Great Britain and Northern Ireland has been ... Continue reading

Julian Jessop quoted in the Daily Express

IEA Economics Fellow Julian Jessop is not concerned at news that Amsterdam has over taken London as Europe's biggest trading centre. Commenting in the Daily Express, Jessop said: "Right from the beginning of the year we knew that a lot of euro-denominated currency trading was going to move from London." EU rules forbid EU-based firms ... Continue reading

Julian Jessop quoted by the Daily Express

Despite predictions of thousands of jobs moving to the continent after Brexit, London will remain a global financial powerhouse, says IEA Economics Fellow Julian Jessop. Quoted by the Daily Express, Julian stated that Britain is a "relatively low tax economy, with far more flexibility in hiring in the labour market". As such, London will always ... Continue reading
Boris Johnson’s speech and the EU’s draft negotiating mandate issued on the same day illustrate both how close the parties are and how far apart. We have certainly come a long way since the dark days of 2019 when then Prime Minister May was seeking frictionless trade from the EU, while trying to tell her ... Continue reading
One of the larger benefits those of a liberal economics bent often ascribe to trade deals is that they provide an excuse for stripping away dumb domestic laws. A classic scenario is something like the following. At some point decades ago a government found it convenient to ally itself with either producers in some sector ... Continue reading
Government and Institutions
What's happened? The EU Commission and UK have agreed a new Protocol for Ireland/Northern Ireland and a new Political Declaration in respect of the future relationship. It is expected that the Council will endorse it at the summit this week, and UK Parliament will vote on it on Saturday. The main body of the Withdrawal ... Continue reading
Research

IEA releases briefing on the reality of customs union membership

Summary:  A customs union with the EU would come with significant costs to the UK’s economic, trade and foreign policies. Such an arrangement would also fail, by itself, to eliminate trade ‘friction’ with the EU. To do so would also require alignment with the Single Market rules for goods. A customs union would also come ... Continue reading
Yesterday, the European Parliament voted in favour of the Directive on Copyright in the Digital Single Market, in one of the final stages before it becomes law. There were protests against the Directive across Europe over the weekend, and campaigners were optimistic that these could be effective in view of upcoming European Parliament elections – ... Continue reading