3rd Alternatives for the UK Economy

Mogley

Having been inspired by reading Stephen Covey's Book "The 3rd Alternative", I thought I would create a thread on this board that looks to harness the knowledge that everybody has acquired and put it to good use.

https://www.faithandleadership.com/qa/breck-england-finding-the-third-alternative?page=0,0

I am looking for everybody's ideas to improve the UK's economy if they were at the table negotiating for Britain's future outside of the EU.

You do not need to explain the idea just state the idea to allow people to make their own judgement on how it may work. The ideas can be as extreme or as timid as you like but if after reading somebody's idea you pondered on it for any length of time, thank them for it.:)

I'm sure we'll be better than the politicians at generating the ideas that shape Britain's future!!

Mogley

My idea is that the EU has to pay a tax to the UK to allow for free movement of people into the UK.

Conrad

Mogley wrote: »

I am looking for everybody's ideas to improve the UK's economy if they were at the table negotiating for Britain's future outside of the EU.

Reduce corporation tax well, well below the EU's


Make our regulatory framework (for UK done trade) more attractive for business


These 2 alone give us considerable leverage at the table - the creaking EU can ill afford a trade war with so potent and nimble a neighbour (for evidence see how Ireland rapidly grew its corporate base to others disadvantage)




A trade deal very much better than Canada's (a market currently worth ten x less than ours), but keep in mind trade deals are NOT required for trade as so many good examples illustrate.


We control our fishing grounds and use them of course as part of any bargaining


Our Banks and Insurers are happy to open a desk with a brass plate on it in Dublin if there is a business case


We can carry on providing an OVER-SIZED military commitment, which gives borders states great peace of mind, as long relations remain friendly.


Happy for French farmers to carry on supplying our supermarkets in return for us supplying them machinery, capital and insurance. Same with German car manufacturers - trade is a two way affair, obviously.


Europeans may retire here just as we retire to Spain, Italy and France with our own means.


We are happy to carry on being a major support underlying the Spanish and Portuguese property sector - of course sending us home would cost those economies hugely and send their banking (backed with real estate value) into the mire


Good Europeans are free to come work here, but in the same way as we do when over there, with our own insurance, paying for health care etc

Conrad

Context reminder;

Approximately 70% of the UK’s exports, of both goods and services, take place under the free market trade rules of the World Trade Organisation (WTO), with average tariff rates at 3%.


The remaining 30% take place under the rules of our only trade deal. Known as the Single Market, it covers the trade of goods, but not services, within the EU.


Mmm - I need to check these figures, the 70% seems too high, 30% too low

Mogley

One or two ideas would do but I know you have plenty of ideas based on your previous posts . Plenty to think about.

cells

The future for the next 20 years is the same as the last 20 years. software. only its now getting powerful enough to not be confined to the virtual world but will start interacting more and more with the real world

The first of which is going to be the self drive car. Near AI software implemented across ~1 billion vehicles being replaced every ~5 years. Assuming that one large company takes the largest share of the market this that company will I think likely be the first true trillion dollar company.

The Americans will take that crown. The Chinese will probably refuse the tech and make their own version which will be sub standard for a while.

Mogley

That all sounds futuristic but plausible, cells, but where's your idea(s) for the negotiation table?

Thrugelmir

Mogley wrote: »

I am looking for everybody's ideas to improve the UK's economy if they were at the table negotiating for Britain's future outside of the EU.

There's no negotiation on this point. The UK is free to do as we wish. That what is rankling the French and Germans , and to a lesser extent the Eastern bloc countries. As the UK's actions will have a sizable impact on parts of the EU at a local level.

Mogley

It sounds like the UK has the driving seat from your POV. What would be your idea to improve the British economy from this position of power?

PasturesNew

In reality there won't be a great deal of difference. Just more forms and maybe a couple of extra taxes.

Life will go on. We are not a renegade country that's breaking free in order to wreak havoc on society and civilisation.

Being in/out of the EU is simply a few forms' difference.