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According to Americans for Tax Reform, Britain is the most improved country on the 2021 International Trade Barrier Index, jumping from 8th to 4th place since 2019. By implementing its own UK Global Tariff schedule in January 2021 as a replacement for the European Union Common External Tariff, approximately 60% of trade will come into the UK tariff zone free. Additionally, the impressive 60+ continuity or bridging agreements that the UK has signed since 2019 will continue to facilitate international trade.
Bagging the top spots in the International Trade Barrier Index were Singapore, New Zealand and the Netherlands. India, Algeria and China were the worst ranked countries due to their stringent regulations, tariffs and trade barriers. EU powerhouses Germany and France ranked at 13 and 22 respectively.
Speaking at today’s Trade Barrier Index launch at the Taxpayers’ Alliance’s Tufton Street HQ, Victoria Hewson, Head of Regulatory Affairs at the Institute of Economic Affairs, warned that despite this positive news “the UK is still in danger of adopting the EU’s worst barriers”. To benefit from Brexit it is essential that the UK cuts restrictive trading regulations.
On tonight’s Live with Littlewood, we’ll be asking:
IEA Director General Mark Littlewood will be joined tonight by Spiked Editor Brendan O’Neill, Guido’s own Christian Calgie, former Oxford President James Price and the IEA’s own Victoria Hewson and Alexander Hammond.
Join the debate from 6pm tonight, Wednesday 9th June, here.
The economy’s down nearly 25% since February. In May, economic growth didn’t get anywhere near expectations. In March and April, the UK economy shrank back to where it was in 2002.
Is there any way out of this economic tailspin? Can cheap pizza and well-insulated lofts really get us out of trouble?
In tonight’s LIVE WITH LITTLEWOOD host Mark Littlewood and his guests set the dials for 2020 and beyond.
Joining him will be Toby Young, general secretary of the Free Speech Union, former MP Douglas Carswell, the Telegraph’s Madeline Grant and Dia Chakravarty and the Times’ Science Editor Tom Whipple.
Also taking part will be independent economist Julian Jessop, Sam Bowman of the International Center for Law & Economics and the IEA’s Victoria Hewson.
Together, they’ll try to get us back to the future. Along the way, they’ll ask ‘Who regulates -the regulators?” and discuss whether wearing masks will suffocate economic growth.
Join in the debate – LIVE at 6pm – here or on YouTube