We believe in democracy and in our opinion a full, clean Brexit should be delivered. This includes complete and unequivocal control of our borders, laws, trade and especially our economy. We will not be funding the EU anymore.
UK – EU relationship
Ideally, a bespoke bilateral Free Trade Agreement (FTA) will be successfully negotiated, signed, ratified and put into effect prior to the UK’s departure from the European Union. This will be similar, but not identical, to the existing Canada – EU deal (CETA).
If no such deal is forthcoming, TIME believes that the UK should opt for a World Trade Organization (WTO) style arrangement, such as exists between the largest exporting countries to the EU – China, the United States and Russia, with the first two exporting a higher value of goods and services to the EU than we do.
Opportunities going forward
More than 40 countries around the world have offered the UK the opportunity of Free Trade Arrangements. The largest of these is the USA and the smallest the Maldives. On its own the USA has a larger economy than the EU and the combined economies of these 40+ countries amount to almost four times the economy of the EU27.
90% of global economic growth is occurring outside the EU27 and we want Britain to capture some of that growth for itself.
Whilst we will retain many of the advances in regulatory oversight and human development issues, which have been made during the period of our membership of the European Union, we will seek to effect a far more efficient economy via the abolition or reform of significant EU-derived legislation. Much of this legislation originated at supra-national level, via global bodies of which the UK is already a member, and has been put in place in other countries outside the European Union. We would still have adopted many of these standards regardless of EU membership because the UK is already a member of dozens of international bodies, such as the International Organization for Standardization (ISO), the International Labour Organization (ILO), the Codex Alimentarius Commission and the Financial Stability Board (FSB).