5 thoughts on “Leaving the Single Market: The free-market case for ‘Hard Brexit’”

  1. Posted 17/10/2016 at 16:38 | Permalink

    “Last week’s announcement that existing EU workers have a right to remain within the UK negates risks for businesses employing EU staff.”

    I trust you understand that this is only partly true.

    The announcement negates risks for businesses employing EU staff that are existing EU workers. It does not negate the risks for businesses relying on an inflow or intending to hire EU staff in future.

    The risk of not being able to freely hire EU workers in the future has a much higher impact on businesses than not being able to carry on employing their existing EU staff.

    The reason is that filling a vacancy previously held by an EU national from the domestic labour force is a tactical / operational challenge.

    Deciding that, in doing business, innovating, growing, and expanding in the UK, your company will not be able to freely attract EU talent (at any level from entry to experienced) is a strategic challenge.

    The unintended consequences of this policy are going to be stealth because nobody will be able to point out the Business that did not set-up, grow, innovate, or move to the UK. But they will also be devastating.

  2. Posted 18/10/2016 at 08:00 | Permalink

    GG,

    I disagree with your assessment… I do not see that there would ever be a bar against productive, innovative and necessary people coming to the UK, that is not what has ever been suggested. It is typical Bremoaner rhetoric… Conflating control of boarders with shutting them is pretty pathetic.

    Having control over who comes here and that they are required for our economy can only be good; it enables us to plan and anticipate public services to accommodate them. It also enables us to minimise the impact on services by requiring work visitors to have health insurance, sufficient salaries so they do not have to claim UK benefits and have to leave the UK when they finish their work (unless they choose to become UK citizens of course).

  3. Posted 19/10/2016 at 21:45 | Permalink

    “What business might fear is a big bang – a changed tariff and regulatory environment all in one go. But steps can be taken to mitigate the transition. The depreciation of the pound already vastly outweighs any adverse tariff effect on exporters to the EU. ”

    So, essentially you can be a classical liberal scholar and openly accept as desirable the fact that consumers will be now paying tariffs on top of the depreciated value of their savings and income in pound sterling.

  4. Posted 20/10/2016 at 18:10 | Permalink

    ‘TA’,
    You appear to be parroting the line espoused by that arch EU shill, Nick Clegg, in the press recently, ie, that prices for food and goods will rise if we leave the Single Market.
    Both you and Clegg conveniently forget or purposely avoid mentioning the fact that imports from non-EU countries are already more expensive due to EU tariffs imposed on them, and that once we leave the corrupt and inefficient EU – whose disastrous currency, ageing population, poor productivity, huge unemployment and steadily diminishing percentage of global trade point to disaster in future for many member states, and particularly for most eurozone members – those tariffs need no longer apply, thus engendering cheaper food prices, goods and services from the majority of the world’s trading nations.
    If the EU – with Francois Hollande to the fore (before he is likely kicked out next year) – choose to play hard ball and impose tariffs on EU imports to Britain we can (and I think should) reciprocate and make it clear right now that that will happen, though with regret as an option forced upon us. All Hollande and the EU would achieve is a further contraction in French and EU trade as other global trading nations take advantage at their expense. If the Germans decide that their dream of European domination trumps even national self-interest, including their massive car industry, then I’m sure the Americans, Indians, Chinese, Brazilians, etc will be delighted to hoover up some of their market share.
    If you and others are going to push this increasingly desperate pro-EU Remain line then at least you could try to be even-handed. It is inconceivable that we remain paid-up members of the Single Market after Brexit as we would pay the piper but have no say, and inconceivable that the government ignores the wishes of the majority who voted to leave the EU by keeping us in it anyway when the EU has made abundantly clear that membership of the EU inevitably means accepting continued open borders and free movement.
    We have a third of a million net inward migration every year, a figure that could well rise further if we remain in, and the people have spoken – they want national control of our laws and our borders.
    ‘GG’ claims above that leaving the Single Market would mean shutting the door completely on immigration and would likely leave some employers at a loss for essential staff, when of course it means by definition no such thing. Regaining control of who is allowed to enter, and what skills they have, would give Britain the best of both worlds.
    If I were living in the EU and considering the state of the place today I would have a great deal more to be worried about. And I haven’t even mentioned iup to this point their losee of Britain’s enormous financial contribution and the EU’s disastrous, self-created migrant problem and its associated social and security problems.

  5. Posted 19/01/2017 at 23:10 | Permalink

    “But politicians have a duty to set conditions for the general good of the whole economy in the long term.”

    Is Brexit really bringing the ugly Keynesianism in people?

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