It’s time for the EU to relax draconian spend and tax rules

Last Friday I spoke at a Brexit lunch in London, and it turned out to be a rather interesting and illuminating experience.

I started off with the observation that I have struggled in recent months to identify any real economic upside for the UK resulting from leaving the EU, and that the only real issue in my mind is the magnitude of the potential downside in the short-term at least.

Longer-term the economy and every business in it would have no choice other than to adjust to the new trade regime in which the UK might find itself.