A guide to getting out of the EU – we have a plan
GETTING OUT OF THE EU
The vote requires the government to take back control of our laws, taxes, borders and spending. It left open how the negotiations would be handled. Vote Leave did rule out the Norwegian and Swiss models (and any other named country). By ruling out Norway the campaign also knowingly ruled out EEA membership, as this too entails accepting freedom of movement. Vote Leave said there would be a British model. The campaign argued that it could not predict what would result from the negotiation, but could live with the worst case which would be no special status, requiring the UK to rely on WTO rules.
WHAT DOES OUT LOOK LIKE
Model One
Special deal after negotiation:
The UK refuses to accept freedom of movement and explains the points based system to control numbers, geared to reducing total flows into low paid jobs. Also refuses to pay general contributions to EU budget. After haggling the rest of the EU decides they have a lot to lose from WTO levels of tariffs and other barriers against their exports to us. WTO allows 10% tariffs on cars which the Germans do not want, and much higher tariffs on some agricultural products which the French do not want, so there should be scope to bargain these down or keep zero as at present.
The City wants to keep the passports for services. There are ways round its loss, through the equivalence provisions of MIFID II and/or through subsidiaries in other countries. Most UCITs are anyway already based in Luxembourg or Dublin. The passports could be a trade off for not putting a 10% tariff on German cars. We also need to remember that many of them want passports to London as the largest market by far in the EU.
The ideal deal would be no new tariffs or barriers on access to single market, with no freedom of movement or contributions.
Model Two
No special deal – exit and rely on WTO rules
The US imposes an average tariff of just 3.5% under WTO, with 45% of all items tariff free. The EU imposes an average tariff of 5% on the rest of the world, which we can negotiate down as we develop trade deals with other countries in our own right. If they insist on their 5% average against us we will still be more competitive, as sterling has fallen by more than 5%.
BEST NEGOTIATING STYLE
Inject pace, and make clear we do not want it to drag on for 2 years, as neither side rally wants that length of uncertainty. If they have no intention of giving in on money and movement then end the talks and go for WTO. If they will flex, then we can seek to persuade them that it is in our mutual interest not to place tariffs and barriers in the way of their very profitable trade with us.
WE ARE ONLY OUT WHEN WE HAVE REPEALED THE 1972 ACT.
We need to progress the repeal, transferring all EU law into UK law pending review and amendment. This could be done immediately, leaving the question of date of bringing into force until we know the negotiating timetable.
Source: http://johnredwoodsdiary.com/2016/07/02/a-guide-to-getting-out-of-the-eu-we-have-a-plan/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).