Mark Littlewood writes for The Sun
To improve our trading relations we need to look at whether we can agree to align some of our regulations, repeal some or respect each other’s regulatory standards. If we do not control our rules and cannot alter or abolish them, negotiations are pretty pointless. And not just with the US, but with other major economies, such as Australia and Japan.
The UK faces a classic trade- off here. If what you prioritise above all else is to minimise any friction in trade between the UK and the EU27, you will want to stay highly aligned with the EU’s regulations — and you may well conclude that it is easier to simply stay in the EU itself.
Read the full article here.
Further Reading: Dissecting the ‘Deal’