In a moment, I am popping out to speak at a Berks, Bucks & Oxfordshire Conservative European Forum event, How can Britain be competitive in tomorrow’s world?

Here is an ex-Prime Minister of Georgia giving the answer:

That is:

  • Low and flat taxes
  • Legislative commitment to reducing the government’s fiscal footprint (IE spend less!)
  • Deregulation and cutting red tape
  • And thereby suppressing corruption
  • Unilateral free trade: no import tariffs or barriers of any kind
  • Very flexible labour legislation
  • No sector or industrial policy of any kind
  • No subsidies, no preferences, no exemptions – no market-distorting practices
  • No currency and capital controls
  • Sound monetary policy with hawkish anti-inflationary stance

We must also recognise the source of the economic nationalism and interventionism which is today holding us back: the European Union. See my related article for ConservativeHome.

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