SHL Brexit Special. 4, Economy, business and development

The EU tried to create an ‘ever closer union’ of peoples by integrating their markets in the belief that economic exchange creates a basis for social exchange and political convergence. However, the Brexit decision was triggered in part by a perception that EU trade arrangements now restrain member states from pursuing global trade and undermine their social cohesion through increased movement and scaled-down welfare states. The single European market has been condemned for expanding regulation while its single currency has been accused of constraining growth by removing monetary and fiscal freedom.

In today’s fourth session, Alan Shipman, Jonquil Lowe and Will Brown will look at the role of business and economic policy in driving the EU policy, the commercial motives for Brexit and what remains of the EU’s original vision of economic integration as a route to social and political integration. It also looks at what is to become of the EU’s, and the UK’s, international development efforts post-Brexit.
With Jonquil Lowe and Will Brown

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WTO rules means the EU will have to pay the UK £ 8 billion in duty each year..added to the £ 10 billion net memebership fee that gives the UK £ 18 billion more than being members of the EU.

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As far as future trade is concerned its impossible to estimate ..if you open a business in the biggest shopping centre you don't know what your turn over will be..but if you open the shop in the shopping centre you will do business .if you have a brand name ie made in great Britain it will attract customers without doubt...the turn over is not known but have no doubt it will bring in extra money. this is never factored into debates  but its real, its a plus brexiteers have seen its adventurous  thinking as apposed to negative thinking that we see from  remoaners..