By Iain Murray and Rory Broomfield
This submission examines the immediate steps and issues that Her Majesty’s Government would need to take following a decision to leave the European Union.
The submission examines the various options relating to membership of the European Free Trade Association and the European Economic Area and rejects them as a starting point for the Article 50 negotiations.
Instead the submission recommends a simple bill in Parliament aimed at repealing the European Communities Act 1972 and establishing a Royal Commission on Regulatory Reduction aimed at reducing the burden of EU-imposed regulations and “gold-plated” regulations inspired by the EU. The submission estimates the benefits to such a Royal Commission could be extremely significant.