Time to deliver! Boris urged to slash EU red tape to unleash Brexit Britain Covid recovery

Brexit: Boris Johnson praises work of negotiator David Frost

When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can unsubscribe at any time.

Jayne Ayde, Director of cross-party grassroots Eurosceptic campaign Get Britain Out, has suggested Boris Johnson will only turn his Global Britain vision into a reality if the UK “embraces Brexit in its entirety” – and told Brussels in no uncertain terms it would not dance to their tune. Ms Ayde, writing on the Brexit Watch website, was commenting in the wake of Mr Johnson announcing his Roadmap to Recovery which sets out the process whereby Britain will emerge from the current lockdown and end all restrictions by June 21.

She said: “While the speed of this release from lockdown is still up for debate, the reality is no matter when we come out the other side, our economic recovery will not reach full potential if we do not also unlock ourselves from the shackles of the EU.”

As things stood, unemployment was at 5.1 percent, with the economy only narrowly avoiding a double-dip recession, she pointed out.

She added: “If we are to really ‘Build Back Better’ – as the Prime Minister envisions – then cutting away EU ‘red tape’ is the first place to start.

“We cannot hit the ground running if businesses are still dealing with uncertainty over the regulations they need to follow, or if there are new borders within the United Kingdom, as is currently the case between Great Britain and Northern Ireland because of the Northern Ireland Protocol.”

She cited as one example the financial services industry, which she described as “the UK’s biggest export around the world”.

She warned: “As it stands, however, it is currently in limbo, with no certainty over the access such businesses will have to EU markets.

JUST IN: ‘Hope they’re grateful’ Government spent £35k taking art to Japan

“Nor do they know if or how the UK will separate from EU regulations.

“These decisions could open additional doors for innovation and opportunities for new business.

“It’s the financial services industry which will provide some of the biggest contributions to getting our economy back on track and improving at a faster rate than our European rivals.


“So why is the government so reluctant to set out a clear roadmap for our independent economic future?”

One prime example of the EU’s red tape problems had been uncovered this week following a recent study by the Association of British Insurers, Mrs Ayde pointed out.

This indicated there was is potential for the removal of EU regulation forcing insurance companies to keep vast amounts of money locked in ultra-low risk assets.

She said: “Apparently, by removing the regulation, it would pave the way for £95 billion in investment throughout the UK, while having no detrimental impact to policyholders.”

Mrs Ayde added: “The only way we can advance a truly global agenda and succeed in proving the correct course of action for the UK, is to embrace Brexit in its entirety.

“This means making it clear to the EU, we will not accept permanent regulatory alignment for our industries and we must dismantle many of the barriers to global business which have been established through our EU membership.

“London has continued to prosper since we originally signed up to the European Union – or the European Economic Community as it was then – but this has been in spite of the European Union, not because of it.

“It is time to kick ourselves into overdrive now to ensure this message is clearly understood, so it will encourage confidence in the UK domestic economy around the world, attracting additional investment as a result.”

Mrs Ayde said: “If the UK does not fully break away from the EU, then not only do we risk missing out on the huge potential benefits of Brexit, we also restrict the capacity of our economy to recover from the current crisis as a result of Covid-19.

“If the Prime Minister really wants to ‘Build Back Better’ and ‘Level-up the economy’, then going back and accepting close ties to the EU, will not bring about these changes.

“We may Get Britain Out of the Covid-19 lockdown by the end of the summer, but if we retain the shackles which have tied us to Brussels, it will all be for nothing.“

Source: Read Full Article