The Guardian reports on the IEA's Brexit Prize

The Guardian reported on the launch of the IEA’s Brexit Prize.

It is not quite a million-dollar question, but economists have a new €100,000 topic to tackle – a thinktank is putting up the cash prize for the best plan for Britain’s exit from the European Union.

The Institute of Economic Affairs launches its Brexit Prize on Tuesday saying that “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”.

The free-market thinktank is inviting entries from individuals and groups and will award the first prize of €100,000 to the best blueprint for the UK after leaving the EU. Entrants are asked to imagine a referendum has resulted in an “out” vote and the government has triggered article 50 of the Lisbon treaty. Candidates will need to cover the process of withdrawal and the repositioning of the UK in global trading and governance systems.

Read the full article here.