Trade

 

Economic Effects of Trade Policy: Patrick Minford and David Blake in Parliament

Click here to listen to Patrick and David discuss the economic effects of trade policy before the House of Commons’s International Trade Select Committee.

To read the written evidence submitted to the Select Committee about the economics of Brexit, click here.

To read David Blake’s written submission to the Select Committee on how bright the prospects are for UK trade and prosperity after Brexit, click here.

To read Patrick’s paper testing the Gravity and Classical Trade models, click here.

 

The Economics of Brexit: Getting the best deal for the UK

Read Patrick’s latest paper for Politeia here.

 

Global Champion: The case for unilateral free trade

Britain should unilaterally eliminate all our remaining tariffs to be a true champion of free trade after Brexit, according to Policy Exchange’s new report. EFT economist, Warwick Lightfoot, is a co-author. You can read the paper here.

 

What shall we do if the EU will not play ball?

We will point out that, whatever happens with the EU negotiation, leaving the EU under WTO rules is a practical necessity. Thus, in the event of no agreement with the EU, there is a good ‘fall-back’ strategy available employing WTO rules the government can adopt, which we will define. Failure to reach an FTA would harm the EU itself; and in the fullness of time, we believe the EU is likely to modify its trade barriers against us and others in its own interests.

You can read the full report by clicking here.

 

Achieving economic success with global free trade

Becoming a true global leader in free trade – the target that the Prime Minister has set out for the UK – will improve the country’s economic position significantly, relative to remaining in the protectionist EU Customs Union/Single Market.

You can view the full report by clicking here.

The Numbers Behind ‘No Deal’ – Why the EU Is A Loser

Leaving the EU with no deal would produce a £651 billion gain for the UK versus a £507 billion loss for the EU.

Read Patrick Minford’s explanatory note on the numbers behind ‘no deal’ by clicking here.

How bright are the prospects for UK trade and prosperity post-Brexit?

Read David Blake’s report assessing the prospects for the UK’s post-Brexit trading relationship by clicking here.

Explainer: The Case for Unilateral Free Trade

Julian Jessop, the Institute for Economic Affairs’s Chief Economist and Head of their Brexit Unit, explains what unilateral free trade is, and how it could benefit UK consumers and Third World producers alike.

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