Radomir Tylecote writes for Brexit Central
If the UK is to have the capacity to unleash the true potential for growth in its economy, to be able to set up free trade agreements with countries outside the EU – indeed, if it is to actually become a fully independent law-making state – the country must have regulatory independence, through an end to ECJ jurisdiction and complete control over how it makes regulation.
This is increasingly urgent. The regulations the EU produces are becoming steadily more damaging to economic growth, especially through the impact on SMEs and other disruptive innovative firms – in other words the most vital companies for our future. In just one example, the European Commission’s energy tests for vacuum cleaners gave an advantage to German manufacturers over Dyson’s more efficient designs, which demonstrates how the EU regulatory system has been skewed against both British manufacturers and towards existing incumbents with older technologies.
Read the full article here.
Further IEA reading: No Need To Queue: The Benefits of Free Trade Without Trade Agreements