BBC News reports on the IEA's Brexit Prize

BBC News reports on the launch of the IEA’s Brexit Prize.

The Institute of Economic Affairs (IEA) has announced that it is holding a competition to find the best plan for a UK exit from the European Union.

The free-market think tank said it would award its Brexit Prize to whoever came up with the best blueprint for the UK after the EU, covering the country’s withdrawal and post-exit repositioning.

The winning entry will be awarded 100,000 euros (£86,525).

The IEA said it was time to look at how the UK might fare without the EU.

It said: “We need to give serious consideration to how the UK could have a free and prosperous economy outside the EU, given that exit is a serious possibility after the next election.”

Read the full article here.