Katy Balls hosts a fringe panel at the Conservative Party Conference to discuss the success and drawbacks of Brexit. Topics include benefits of Brexit, impact on the clinical trials sector, missed opportunities, resolving Northern Ireland's situation, improving management ability, addressing public sector productivity, and exploring opportunities in space.
Brexit has allowed the UK to avoid financial burdens such as EU budget payments and liability for the EU COVID recovery plan.
Since leaving the EU, the UK has gained new powers and achievements including increased funding from customs tariffs, free trade agreements, and joining the CPTPP.
Brexit strengthens representative democracy in the UK by bringing decision-making power back to the country and allowing the UK to make its own laws instead of being outvoted by unelected EU officials.
Deep dives
Avoiding EU payments and regulations
Brexit has allowed the UK to avoid significant financial burdens, such as EU budget payments and liability for the EU COVID recovery plan. Additionally, the UK has benefited from avoiding 7,391 new EU laws and red tape and ending free movement of people.
New powers and achievements
Since leaving the EU, the UK has gained new powers and achieved several accomplishments, including increased funding from customs tariffs, free trade agreements, such as with Australia and New Zealand, and joining the CPTPP. The UK has also made reforms in financial services, tax, fishing, and implemented its own sanctions regime.
Strengthening representative democracy
Brexit has been argued to strengthen representative democracy in the UK by bringing decision-making power back to the country. Leaving the EU has allowed the UK to make its own laws instead of being outvoted by unelected EU officials. It has also provided an opportunity for the UK Parliament to assert itself and make decisions reflecting the will of the British people.
The Need for Regulatory Reform
Brexit offers an opportunity for regulatory reform that can be more modern, flexible, and targeted. EU legislation often produces suboptimal and bureaucratic results. To ensure economic success, the government needs to show more determination in delivering regulatory reform.
Views on Brexit and its Global Impact
The EU is frustrated with the British government's handling of Brexit. The strategic consequences of Brexit are significant, weakening the EU and the West as a whole. While some Republicans in the US support Brexit, others are upset about the loss of a strong ally in Europe. The ECHR and the Good Friday Agreement are at stake, and EU member states believe they are weaker and worse off without the UK.
Seven years after the Brexit vote, Katy Balls is joined for a fringe panel from the Conservative Party Conference to discuss if voting to leave the EU was worth it, where the wins are and if opportunities are being missed.
Katy Balls in conversation with John Redwood MP, Theresa Villiers MP, Camilla Cavendish, Charles Grant and Vote Leave founder Matthew Elliott.
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