David Davis: A Brexit Economic Strategy for Britain

http://www.conservativehome.com/platform/2016/07/david-davis-trade-deals-tax-cuts-and-taking-time-before-triggering-article-50-a-brexit-economic-strategy-for-britain.html

by jlg23 • 10 years ago

3 2 10 years ago

conservativehome.com

ljf• 10 years ago

From the comments:

a lot of small businesses think that leaving the EU will lead to a reduction in 'red tape' They are wrong In anything other than a EEA (Norway style) arrangement they will have to deal with much more red tape in trading with our largest market by far - Europe Customs forms. Conformity assessment. Compliance testing. the cost of doing business with our largest partner will escalate enormously

sjclemmy• 10 years ago

And it all depends far too much on domestic demand, which even after 2008 is excessively funded by consumer credit. This is unsustainable in the long run. So we need to shift our economy towards a more export-led growth strategy, based on higher productivity employment. Fortunately, this will prove eminently possible as a part of a Brexit-based economic strategy. Indeed, far from being the risky option that many have claimed, Brexit gives us many tools to deal with the very serious economic challenges that the country will face in the coming decades.

I completely agree with this, and I would go further and throw in some manufacturing in there.

This strategy is not dependant on Brexit. Britain has been pursuing a service-led, non-manufacturing strategy for the last 20-30 years which, I believe, is a mistake. Real economic prosperity comes from making or growing things. Service economies are like building software based on someone else's platform, you benefit from the platforms reach but cede control.

David Davis: A Brexit Economic Strategy for Britain

Related Stories