Tag: European Union

How the UK Can Benefit from a Free Trade Future After Brexit—Even Outside the Single Market »

[This article was co-authored with David Paton and David Blake, and first appeared on TheConversation.com.] The benefits of free trade have been familiar to economists since Adam Smith. Trade encourages specialisation and leads to lower costs, higher productivity and higher living standards. Yet for some economists, things are different when it comes to the...
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The EU’s Thousands of Senseless Tariffs Simply Serve to Punish the Poor »

My report A Trade Policy for a Brexited Britain, published by the Institute of Economic Affairs last month, had a short section on EU tariffs. I gave the example of how in October last year EU tariffs on orange imports were quintupled from 3.2 percent to 16 percent. This example has been challenged by...
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Europe’s Lessons for Economic Growth »

A bird’s-eye view of the Eurozone economies a decade after the financial crisis invites three conclusions: Governments that made unpopular free-market reforms are already reaping the fruits; families and businesses are acting more sensibly than their governments; last but not least, people have behaved much differently than the European Central Bank (ECB) intended. The...
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Brexit Can Herald a New ‘Golden Era’ for the City of London as a Global Powerhouse »

On June 23, 2016, the British people voted to leave the European Union. Prime Minister Theresa May’s Lancaster House speech on January 17, 2017 then made it clear that the United Kingdom would opt for a hard Brexit: It would leave not just the EU, but also the European Economic Area, membership of which...
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UK News Special: Theresa May Calls a General Election »

You will by now have seen the news from the United Kingdom: Prime Minister Theresa May is calling a snap general election. Frankly, I had been wondering why she didn’t do this earlier. Here is my quick take: Now, I admit that I was never a great fan of Mrs. May. I don’t care...
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Decisive Brexit Referendum: What Happens Next? Part 4: The EU Enters Its Endgame »

[See Part 1 here, Part 2 here, and Part 3 here.] The Brexit vote was never just about whether the Brits would reject rule from Brussels. The real issues were much broader and felt across the whole EU—an arrogant and undemocratic elite, its disastrous economic policies and an increasing gap between haves and have-nots,...
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Decisive Brexit Referendum: What Happens Next? Part 3: Bust Banks, Banksters, & Bailouts »

[See Part 1 Here and Part 2 Here] A lot has happened since my last posting on the June 23rd Brexit vote. A new government in the UK, the petition for a new referendum vote has been exposed as a scam, most markets have stabilized as anticipated and the Labour Party civil war over...
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Brexit’s Opponents Echo the Arguments of Loyalists Fearful of American Independence »

Voters in today’s slimmed-down United Kingdom (comprised mainly of England, Northern Ireland, Scotland and Wales) approved on June 23, by a margin of 52 percent to 48 percent, a referendum obligating London to leave the European Union. David Cameron, the nation’s prime minister and a staunch supporter of “remain” in the prequel to Election...
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Decisive Brexit Referendum: What Happens Next? Part 2: The Disunited Kingdom »

[See Part 1 Here] Besides handing down the vote to Leave the EU, the June 23rd Brexit referendum also demonstrated that the UK is a house divided. The vote itself was fairly narrow: 52% vs. 48%. Northern Ireland (NI), Scotland and London had clear majorities for Remain, but much of the rest of England...
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Decisive Brexit Referendum: What Happens Next? Part 1: UK Politics »

[See Part 2 Here] Thursday, 23 June 2016, will go down in history as the United Kingdom’s own Independence Day. American readers will hopefully appreciate the irony. The take-home message is that people in the UK lost confidence in a complacent and corrupt European Union (EU) elite that wouldn’t listen to them and was...
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