February 23, 2017

Brexit won’t just free us from Europe

Brexit won’t just free us from Europe

Brexit gives the UK a chance to lead the world to economic, political and personal freedom, argues Rory Broomfield.

This week, the Institute of Economic Affairs hosted the UK launch of the Heritage Foundation’s 2017 Index of Economic Freedom in London. Once again, no member state of the European Union was classed as “free” in the study. However, the index helps to illustrate how Brexit might give the UK the opportunity to lead the world in economic, political and personal freedom.

The Heritage Foundation’s 2017 Index of Economic Freedom has set the standard. It has shown the way. In its 23rd year, the Index has once again illustrated how nations such as Hong Kong, Singapore and Switzerland have been able to become the richest, most competitive and outward looking economies in the world. It has, alongside this, pointed to how the UK can be the global Britain both the government and the British people desire through adopting reforms that increase the prosperity of people, not just in the UK, but globally.

The principle reason the UK can become freer is through trade. The Index highlights that countries such as Singapore and New Zealand have increased their trade by cutting regulations, government spending and opened their markets to investment and growth opportunities that were not present previously.

Of course, the UK is already a beacon of foreign investment, with high rankings in overall investment, trade and financial freedom. Where it can, though, increase its potential is through domestic reforms to help decouple business regulation from the EU to allow for markets within the UK to develop and adapt to a new, more competitive, global environment. This is what Lord Lawson was talking about when he talked of the need to break free from 90 per cent of EU law that is holding back SMEs in the UK (i.e. most UK businesses). By doing so, the UK can become more diverse, competitive, innovative and prosperous.

The government can also help the UK grow through reduced spending. The big fear for the UK – Brexit or otherwise – is that government keeps on increasing the UK’s debt. In a world where changes in interest rates could mean large jumps in debt repayments, the government needs reduce government spending and the overall tax burden to help increase the nation’s financial health.

If we solve these issues – and create a society that allows for increased innovation, flexibility and change, the UK can (and I hope will) overtake over nations – both large and small – to become the shining example of how a developed and complex economy can reform to bring benefits, not just to themselves, but to the world.

This is because freeing markets don’t just increase the prosperity of those within the state or territory in question – it helps to lift us others who are involved in the process. This is most accurately demonstrated in the “I, pencil” concept described by the economist Milton Friedman and animated by the Competitive Enterprise Institute. In doing so, as illustrated in the Index, people become more inter-connected, opportunities increase, poverty decreases and people become healthier, more educated and happier.

But how can we take the lead in kick-starting this process?

Discussion over the best way for the lead is exactly the focus of this year’s Freedom Festival from 17th-19th March in the Marsham Court Hotel, Bournemouth.

At the Festival, there will be a range of thinkers and doers coming to speak and interact with the audience over a weekend of fun and serious debates.

With speakers including the Heritage Foundation’s Ted Bromund, Ruth Lea CBE and Secretary of State for International Development, the Rt. Hon Priti Patel MP, along with many others, there will be the chance to help inform the agenda and help make Britain free again.

Tickets are still available for the Festival but hotel places are going quick. To have a wonderful debate filled weekend by the seaside, book now and help us to lead the way forward for freedom.

4.44 avg. rating (88% score) - 9 votes
Rory Broomfield
Rory Broomfield
Rory Broomfield is Director of The Freedom Association and the Better Off Out campaign. He is an authority on the EU and has written a number of books including his latest, co-authored with Iain Murray, Cutting the Gordian Knot: A Roadmap for British Exit from the European Union. He has previously worked in the City of London and in Westminster for a number of Members of Parliament, including the current Prime Minister, Theresa May; the current Chairman of the 1922 Committee, Graham Brady; and Sir Richard Shepherd.
  • Alexander Powell

    Hmm, how is it that this story is from yesterday yet the comments are from 2 months ago?

  • Dodgy Geezer

    ….I do not know who is feeding the BBC this nonsense, but it is frustrating that they do not accept the truth from those whose views they claim to be reporting, and do not bother to get back and openly say they do not want you on because you won’t say what they want you to say….

    Have you not yet worked out that the BBC is a left-wing organisation pushing its own very specific agenda. Remember what they did with Climate Change – they now have a policy stating that the science is settled and all environmental stories must specify this as a condition of going on air.

    It’s up to the MPs. You have created this. When are you going to close this propaganda organisation down?

  • Calvin Graham

    Yes, what we definitely need are more referendums and more votes, as often and regularly as possible with as many inane vox pops as the BBC can manage!

    My cartoon on the upcoming race:
    https://www.youtube.com/watch?v=6GoLcuEhcZo

  • Calvin Graham

    Given the stakes involved as well as the nationalities, I’d have thought Russian Roulette was a better analogy than poker.
    My cartoon on it: https://www.youtube.com/watch?v=rfdvJqwhsd0

  • getahead

    “after scaring Britain into leaving the EU.”
    You have your boots on the wrong feet son. It was the Remainers who ran the scare campaign. Project fear? Remember?
    Anyway who are the right-wing media that you talk about? You fail to name them. Is that anyone who is not
    screamingly left-wing like the BBC?

  • Thomas Katz

    Most of the UK’s state workers are probably there to help/pander/nurture the massive amount of immigrants we have, a problem New Zealand seems to have wisely side stepped

  • Nockian

    Too simplistic:

    Alt right doesn’t mean left, instead it means a plethora of things associated with moving out of the current political status quo. It contains people like Bannon who is a Christian capitalist, or a religious pink libertarian. It includes elements of Neo-facistic nationalism as well as pure nihilists like Milo who’s role is to destroy the liberal left regardless of any sense it has. There are many elements of statism-the Government should do more. There is protectionism for businesses and workers.

    The alt.right then has become a dumping ground for anyone who doesn’t agree with the soft liberal PC world of ultra feminism/gender fluidity, nor the status quo of a political system that is throwing the productive class under the bus. If you don’t like what’s going on then you are alt.right.

    I’m not sure if there is a left ? There is cultural Maxism, but mostly by people who don’t understand what they are selling, it just about being ‘nice’, taking part, being in a like minded group. Mostly they know only one thing-that they hate Trump because he has said nasty things that hurt their group think. They like nice ideas, so naturally communism appeals, but they aren’t comitted to it, it’s just nice sounding, inclusive and doesn’t seem to have elements of nasty competition. This new left are nihilists too-they want to stop all thinking, individualism, profits, hurting animals, hurting Mother Earth, definitions, science-which means basically everything that humans represent. They are Neo hippies believing in a collective consciousness as reality in which words are manifestations of existent reality and can hurt as much as the concepts they represent.

    Between alt right and Neo left nihilists we are essentially finished as a species if they get their way. Neither side is rational, they live on an emotional plane- in Steve Bannons case this is a mystical emotional plane of faith mixed with capitalism-the obvious corollary of libertarian whim worship which lacks a coherent philosophy which allows it to shoot off in all directions-which is why Murray Rohbard went through several transitions until he refined himself into an anarcho-capitalist.

  • grimble55

    “Ryanair ‘will have to suspend UK flights’ without early Brexit aviation deal”

    “Falling back on WTO rules without a bilateral arrangement would be ‘disastrous’, says airline’s finance chief”

    “Ryanair, a Dublin-based company, is legally allowed to operate out of the UK under a Europe-wide “open skies” regulation that allows all EU airlines and others in the “common travel area” including Morocco, Iceland, Norway and Switzerland to fly in and out of any country signed up to the pact.

    “The open skies policy binds EU members to regulatory oversight by the European court of justice and to freedom of movement, two red lines for the UK government in Brexit talks.

    ““If there was a cliff-edge scenario with World Trade Organisation rules and no bilateral on open skies in place, there is a distinct possibility that there will be no flights for a period of time between Europe and the UK. The impact on business would be disastrous.”

    https://www.theguardian.com/business/2017/apr/06/ryanair-uk-flights-brexit-deal-wto

    We always knew Deadwood was a fucking idiot as well as a bizarre weirdo, but recent months have shown just how disconnected from reality this mental little gimp really is.

  • franknowzad

    Check out Gammon’s Law. “In a bureacracy, an increase in funding results in a decrease in productivity.”
    Max GAMMON worked this out studying the NHS…

  • Andy

    The BBC is a major problem. It has a monopoly on broadcast news provision (70+%) and stuffs the minds of the young with its filthy Fascist Left views. It ought to be dismembered, broken up to allow more diversity of views.

  • Douglas Fraser

    Paradoxically, lack of the diversity at the BBC is a major problem. Diversity in terms of attitudes and values, not race and gender.

  • Hampsteadpinko

    Higher proportion of public sector workers in the SNP state of Scotland compared to England.

  • Hockeyfan

    Irony isn’t your strong subject then!

  • janetjH

    Recent figures in a British newspaper pointed out that 15% of New Zealand’s workers work for the State, the State runs efficiently, no potholes, no delays.

    In Britain 27% of the workers work for the State, yet even the simplest thing gets bogged down in bureaucracy and inefficiency. Nothing works properly!

    Time for determined improvement in the administrative sector.

  • blingmun

    Correct the spelling and it is still poor grammar. “The principal reason the UK can become freer is through trade” should be something like “The principal means by which the UK can become freer…” or “The reason the UK can become freer is by means of trade”.

    To pick just one more example, “…become the shining example of how a developed and complex economy [singular] can reform to bring benefits, not just to themselves [plural], but to the world.” You know what it means but it is illogical and therefore poorly expressed.

    Suffice it to say it’s worth considering finding a half-decent editor.

  • Trainspotter

    Scoolboy [sic]. Not even a schoolboy would make that error.

  • getahead

    “The government can also help the UK grow through reduced spending.”
    Then for God’s sake reduce the size of the public sector.

  • Hockeyfan

    It’s the PRINCIPAL reason. Scoolboy error , doesn’y inspire confidence!

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