Brexit

The Brexit Referendum in 2016 was the most significant political event for 50 years, arguably even for centuries.

Setting aside the subsequent polarisation of opinion and society to levels greater than during the debate, it asserted the power of the people to give instructions to their Government, whoever it might be. This will ring in the ears of politicians for decades to come.

The tortuous process of delivering on the people’s decision is now over. That process exposed many weaknesses in our political system.  The Time Party has proposals for ensuring those failings do not haunt us again.

But the process is not complete. Finalising the terms of the exit is a task with much as yet unfinished business.

Clean Brexit

The Time Party is intrinsically committed to democracy Therefore 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.

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.

The weaknesses of the existing Canada – EU deal (CETA) have been exposed, with Canadian exports being hampered and hindered, while opening up Canada to more EU imports which are damaging their domestic sectors.

Therefore if no FTA deal is forthcoming, TIME believes that the UK should opt for a World Trade Organisation (WTO) style arrangement, such as exists between the largest exporting countries to the EU – China, the United States and Russia.  Notably the first two export a higher value of goods and services to the EU than we do.

Opportunities going forward

50 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 50 countries amount to almost four times the economy of the EU.

90% of global economic growth is occurring outside the EU and we want Britain to capture some of that growth for itself.

Standards

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).

Above all, we must stand firm in the upcoming negotiations.  We must not grant concessions on critical issues such as fishing rights. We must show that we are prepared to go it alone.  It is by that route, and that route alone, that we will succeed in achieving any agreement with the EU.