New IEA report features in The Sunday Telegraph
A new report by the Institute of Economic Affairs think tank states that the Prime Minister’s proposal for a “common rulebook” on the production of goods and agricultural products would force the country to become a “rule taker without any representation during the process of rulemaking”.
Instead, experts led by Shanker Singham, a former US trade adviser,propose that the Government negotiate a system of “mutual recognition” by the UK and EU of each other’s sets of standards.
The report is likely to be backed by leading Brexiteers, including David Davis, the former Brexit Secretary, as it echoes Theresa May’s earlier approach to detaching from EU rules, before her new white paper, published last week, advocated the controversial “common rulebook”.
Read the full article here. (££)
Further IEA reading: No Need To Queue: The Benefits of Free Trade Without Trade Agreements