THE LAST CUT IS THE DEEPEST
THE IEA SLAMS CHEQUERS
Yesterday in Westminster the respected Institute of Economic Affairs (IEA) launched its “Plan A+” report on the Brexit negotiations.
The IEA’s views on Chequers do not make pretty reading for the Prime Minister or her cabinet. The report raises the numerous fatal flaws in Mrs May’s ‘only credible plan’ [sic] for Brexit, many of which we have highlighted in previous articles.
“The Government White Paper [‘Chequers’] proposes that the UK would have substantively harmonised regulations with the EU, which, with the customs arrangement it outlined, would make an independent trade policy all but impossible.
“It also described a swathe of other infringements to independence.”
IEA report, 24 September 2018
BROADLY, WHAT DOES THIS DOCUMENT SAY?
The authors propose a multi-layered approach to the coming months, with the UK pursuing several strands at the same time. The IEA labels these “The Four Pillars”.
PRO-BREXIT FACTS4EU.ORG SUMMARY
“IEA PLAN A+ : Creating a prosperous post-Brexit U.K.”
The “Four Pillars” are:
UNILATERAL – Abandoning excessive EU regulation, eliminating tariffs on goods the UK doesn’t produce, reclaiming sovereignty over the UK’s waters, abandoning plans to combine defence forces with the EU, and a completely independent immigration policy
BILATERAL – Replicating existing EU trade agreements with other countries, negotiating new trade agreements around the world, negotiating a Free Trade Agreement with the EU, separate agreements with the EU on matters such as aviation and nuclear safety
PLURILATERAL – Negotiating membership of international trade groups such as NAFTA and TPP
MULTILATERAL – Leveraging the UK’s membership of the WTO and joining/creating trading groups
Overall the report highlights the suppliant nature of the British government’s approach to the EU and urges it to consider a far more robust stance. It rejects the EU’s insistence on its own – often ideological – demands and suggests that if the EU refuses to cooperate then action should be taken against the EU at WTO level, for clear breach of the rules.
On Northern Ireland, the report follows what we have been saying since the EU and the anti-British government of Leo Varadkar and Simon Coveney first weaponized the border issue. In broad terms it also matches the ERG’s report on the Irish border non-issue published last week.
At 150 pages, the IEA’s report is not for the faint-hearted. Even the ‘Executive Summary’ runs to seven pages.
CHUCKING CHEQUERS – YET AGAIN
Not only does the IEA report demolish Chequers for failing to deliver Brexit, it also points out the illegalities inherent in it which will undoubtedly cause serious difficulties for the government at the WTO. At a time when the government needs the WTO firmly on side, this issue alone is enough to make Chequers a busted flush.
We would imagine that only a few hundred people will read the whole report from the IEA.
As ever, we have tried to bring you a digest in a form that ordinary voters outside the Westminster Bubble might read.
IS ONE COORDINATED BREXIT DOCUMENT SO HARD?
We very strongly recommend that pro-Brexit MPs combine the elements of the IEA report yesterday with those in last week’s ERG paper on the Irish border and the Economists for Free Trade paper a week earlier, and several other reports before that.
For a more rounded view, any MPs not already reading us should also contact us for a huge range of factual information surrounding a clean Brexit, produced over the last two and a half years – all from official EU or national government sources.
And for a better understanding of the EU mindset, which is essential for success and which doesn’t follow normal logic, they really should contact us.
The Prime Minister has consistently argued that “there is no other plan” than Chequers. We have to say she has a point, although her own plan does not represent Brexit in any shape or form of course.[Source: IEA] 06.15am, 25 Sept 2018