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The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
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Bruges Group Blog

Spearheading the intellectual battle against the EU. And for new thinking in international affairs.
Euro and Economy

Euro and Economy

Michael Wood

Danegeld and Cult Crash

celebrating-1297377_1920 Thanks for the € Subsidy!
The chief executive of Deutsche Bank Christian Sewing told a meeting in Frankfurt "We are not the sick man of Europe. But, it is also true that there are structural weaknesses that hold back our economy and prevent it from developing its great potential. And we will become the sick man of Europe if we do not address these structural issues now." Ac...
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German Economic Failure EU Colony Danegeld Reset Tory Politics
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Rolf Norfolk

Pro Birmingham And Contra HMG

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Brum is bust, but the problem is not that the council is 'socialist'; the problem is that the national government is not 'conservative.' When did the soi-disant Conservative Party last show a deep interest in the security and welfare of the nation as a whole? For example, it's estimated that the UK's spending on defence for Ukraine totals £4.6 bill...
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Socialism debt westminster birmingham bankruptcy
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Rolf Norfolk

Batten the Hatches!

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I have been following a select group of (mostly American) financial commentators since 2007, before the Global Financial Crisis. Their tone is even more sombre now. Charles Hugh Smith posted 'I Have a Very Bad Feeling About This' a few days ago, following it with 'No, Central Banks Won't Save Us This Time.' He has been warning for years that we sho...
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economy finance debt collapse monetary
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Rolf Norfolk

Why Inflation Must Be Killed

The inflation rate was over 11 per cent last Autumn; in the mid-Seventies it surpassed 25 per cent. You would want to be protected against this rotting of your money, especially if you were a pensioner. Last month I explained how the Government's choice and operation of inflation indices for State benefits doesn't work. Now I want to show how, even...
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inflation economy Growth money
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Clifford Miller

The EU - A GDP Graveyard - Proved by 40 Years of IMF Statistics

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Still Want to Rejoin? - Read This  If you want still to rejoin the EU, ask yourself after reading about nearly four decades of IMF economic data, how in the name of good judgement anyone might want to do that.   For those four decades the EU has been a graveyard for UK GDP along with the r...
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Brexit economy Growth gdp imf
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Bob Lyddon

Britain's debt pile is NOT higher than the EU's

euro-714947_1920 Euro - An Unhealthy Currency
Contrary to the Daily Telegraph's story today claiming that Britain's debt pile does not outstrip the EU's, Britain's is far lower, because the EU's is masked by creative accounting. The full extent of the EU's debts and other financial liabilities is detailed in my book recent book 'The shadow liabilities of EU Member States, and the threat they p...
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ECB economy Economic Harm Eurostat EU Debt
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Clifford Miller

'The European Project is Making People Poorer'

UK-EU-fight
Have we in the UK been getting steadily poorer year-on-year over 46 years in the "European Project" [the EEC and then the EU] than if the UK had been out? What is the evidence? Remainers claim "We're better off in". But is it true? And if "We're better off out" people should know. The UK is tipped to overtake Germany and become the largest economy ...
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Clifford Miller
Comment deleted - points now incorporated into main article.
Friday, 25 October 2019 05:27
Guest — Ian
Great read, many thanks for your hard work in pulling this together.
Friday, 25 October 2019 09:37
Clifford Miller
Comment deleted - points now incorporated into main article.
Saturday, 26 October 2019 20:48
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Bruges Group Research

How Has Brexit Benefited UK Businesses?

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The UK exited the European Union on December 31, 2020. Leaving the EU has been a double-edged sword for British companies, who have experienced advantages and numerous difficulties due to Brexit. Combined with the COVID-19 pandemic, the results have only sometimes favoured UK companies. Before Brexit, goods and services could be transported to and ...
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Bob Lyddon

Eurozone’s ‘shadow debts’ start to become real ones, and threaten the Bundesbank with bankruptcy

Piggy-Bank Breaking the Bank
The German Federal Audit Office ('Bundesrechnungshof') has warned that the Bundesbank may need a bailout due to losses on the EUR650 billion of bonds it bought as part of the Eurozone's equivalent of Quantitative Easing. The Daily Telegraph reported on this on 26 June. Of course the risk is not for the entire EUR650 billion but for the fraction by ...
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Eurozone ECB Economic Harm EU Debt
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Rolf Norfolk

Turning Things Around

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The UK must not listen to declinists and defeatists. It is amazing how fast things can be turned around, and I've seen it in education, where the material we work with is often difficult. In the late Seventies I taught in an inner-city multiracial secondary school neighbouring Handsworth, where the first riots were to come three years later. The bu...
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Education Schools School Propaganda Economic improvement Brexit Derangement Syndrome
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Rolf Norfolk

No To Left-Wing Declinism !

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coThe economist Duncan Weldon has told the New Statesman's Will Dunn that 'Brexit is a "slow puncture" on the UK economy.' As former business editor of BBC's Newsnight and so presumably of the Left he received soft treatment by Dunn. Let us deflate his arguments a little. Clearly much of our difficulty with the EU post-Brexit is intentional on thei...
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Brexit economy War Growth industry
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Bruges Group Research

Brexit and Day Trading: What You Need to Know

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The United Kingdom's departure from the European Union has had a significant impact on many aspects of life, including day trading in the UK. As businesses had to adapt their international collaborations and activities, their market values were put through a new set of challenges. Before Brexit, the United Kingdom was a central hub for day trading ...
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Rolf Norfolk

UK debt and the sword of Damocles

The general public has little idea of how much debt hangs over our heads. Today, Laura Perrins warns us that government borrowing is now equivalent to 99.2% of GDP (i.e. a whole year's worth of national economic activity); but that is only the tip of the iceberg, because it is only looking at public sector borrowing. Unlike the UK, where valuable f...
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Rolf Norfolk

Greece's Vampire Squid Rings

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In 2010 journalist Matt Taibbi shot to a new level of prominence with his 'vampire squid' label for Goldman Sachs '… relentlessly jamming its blood funnel into anything that smells like money.' Greece's Establishment has chosen to use that as a model. In a moment, we will look at the official scam known as 'Hercules'. As with the concentration of p...
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Greece Syriza Varoufakis Kyriakos Mitsotakis Pasok
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Bob Lyddon

Totality of on- and off-balance sheet liabilities of the EU public sector is cloaked in obscurity

cloaked-liabilities Hidden Debts
The totality of the public sector liabilities of EU and Eurozone member states is clouded in obscurity. The key measure tracked by Eurostat - 'General government gross debt' – is circumvented to such an extent that, based on year-end 2021 figures, debts of around €6.4 trillion failed to be registered, and contingent liabilities of around €3.8 trill...
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Eurozone ECB Economic Harm Eurostat EU Debt
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Bob Lyddon

The EU banking system has falsified the amount of its cushion against losses

eu-banking-sysyem-falsification EU Banking System Smoke and Mirrors
EU authorities have permitted commercial banks to implement a particularly aggressive form of risk-evaluation methodology, the result of which is the ability to claim a thick loss-absorption cushion and to attest that the EU banking system is stable and resilient. It isn't: cushions are as thin as before the Eurozone financial crisis. This is laid ...
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Bob Lyddon

The Eurosystem has become a commercial bank, except one without a credit assessment department or loss-absorption cushion

eurosystem-commercial-bank Eurosystem is an unregulated Commercial Bank
The Eurosystem has expanded its operations well beyond what a central bank would have traditionally undertaken. It now owns assets that are not 'central bank money' definitionally. Assets have credit ratings as low as BB in the Standard and Poor's system, which means they are 'Speculative Grade' and involve 'Substantial credit risk'. It does not ev...
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EU ECB Economic Harm Eurostat EU Debt
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Bob Lyddon

TARGET2 harbours risks even greater than the enormous ones acknowledged by the European Central Bank

target-2-risks Target 2 - Enormous Hidden Risk
There has been long and ongoing debate about the nature of the sizable loans and deposits that the Eurozone national central banks (NCBs) run with one another within the TARGET2 payment system. The debate has overlooked that the balances are nearly double what the European Central Bank (ECB) reports, and that the report only shows the amounts at th...
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Eurozone ECB Economic Harm Eurostat EU Debt
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Bob Lyddon

The European Central Bank's programmes have created a major funding risk for Eurozone member states

ecb-major-funding-risk Major funding risk for Eurozone member states
The programmes of the European Central Bank (ECB) are extensive, and involve greater risks than the ECB can bear, it being very thinly capitalised. Even modest losses on its programmes would require it to be recapitalised by its Eurozone shareholders – the national central banks (NCBs) of the Eurozone member states. This is laid out in the newly-re...
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Robert Oulds

Making a success of Brexit

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Bob Lyddon

Net Zero is the Rationale for the European Investment Bank to Help Manufacture Enormous Public Sector Liabilities

netzero-eib-liabilities Net Zero Liabilities
Net Zero is proving to be a good cover story for the European Investment Bank Group to create huge financial liabilities for the EU taxpayer. The amount looks set to exceed €1.2 trillion by the end of the current EU budget period in 2027. This is laid out in the newly-released book 'The shadow liabilities of EU Member States, and the threat they po...
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Eurozone ECB Economic Harm Eurostat EU Debt
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Bob Lyddon

Misleading Accounting Lends Undeserved Credibility to the European Stability Mechanism

misleading-accounting It is all smoke-and-mirrors.
The European Stability Mechanism is the main bailout mechanism behind the Euro. Croatia recently joined it upon adopting the Euro. The ESM uses two accounting tricks to make it appear larger and more robust than it actually is, disguising that it lacks the firepower to deal with a major incident. This is laid out in the newly-released book 'The sha...
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Bob Lyddon

EU supranational entities harbour major unacknowledged liabilities for member states

eu-supranational-liabilities EU Debts
The structures of the EU and Eurozone have allowed the creation of a series of supranational entities that have taken on debts whilst having little financial strength of their own: their creditworthiness depends on guarantees or capital calls from member states, without the extent of the member states' liabilities being transparent and being added ...
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Bob Lyddon

Public credit rating agencies discriminate against the UK and in favour of EU/Eurozone member states

creditrating-discrimination Discrimination against UK
Public credit rating agencies have not been even-handed in their treatment of the UK compared to EU member states, given the large shadow debts and contingent liabilities that weigh on the latter. This is explained in the newly-released book 'The shadow liabilities of EU Member States, and the threat they pose to global financial stability', writte...
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EU Economics ECB Eurostat EU Debt
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Bob Lyddon

Scope of EU and Eurozone Debts is Unrecognised by Public Credit Rating Agencies

unrecognised-debt EU and EZ Debts ignored
The public credit ratings of EU/Eurozone member states are inflated, because the credit rating agencies have not factored in the significant shadow debts and other financial liabilities bearing down on the respective member state's debt service capacity. Total financial liabilities are much higher than these agencies appear to recognise. This is th...
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Eurozone ECB Economic Harm Eurostat EU Debt
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Bruges Group Research

Remain Eat Your Words (yet again)

success-3138743_192_20230415-100634_1 BREXIT Success
 Full yet? You wont see this on the BBC news but the last three quarters have seen the biggest improvement in the UK trade balance ever in history … EV-ER. This is precisely, exactly what the Remainiacs swore would NOT happen if we became an independent democracy again. The full dataset is here if you want to satisfy yourself I'm not maki...
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Economics Brexit Opportunities Economic improvement
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Bob Lyddon

Germany Cannot Pay Totality of EU/Eurozone Debts

germany-cannot-pay False assumptions of global debt markets.
Global debt markets appear comfortable to absorb all of the bonds issued by the European Union for its €750 billion Coronavirus Recovery Fund on the basis that 'it all tracks back onto Germany'. This is true: the guarantee structure behind the EU's debts makes each member state liable for the entirety of them. The same debt markets do not seem to h...
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Bob Lyddon

EU and Eurozone break both spirit and letter of global debt rules

breaking-debt-rules_1 EZ break Spirit and Letter of Global Debt Rules
The EU and its member states position themselves as a cornerstone of the rules-based international order, but they break its financial rules in both letter and spirit by failing to fully report their financial liabilities. The key measure tracked by Eurostat - 'General government gross debt' – is circumvented to such an extent that, based on year-e...
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Bob Lyddon

EU and Eurozone are massively over-indebted - but official figures obscure it

obscuring-over-indebtedness EU Obscure over indebtedness
EU and Eurozone member states fail to fully report their financial liabilities. The key measure tracked by Eurostat - 'General government gross debt' – is circumvented to such an extent that, based on year-end 2021 figures, debts of around €6.4 trillion failed to be registered, and contingent liabilities of around €3.8 trillion. This discrepancy is...
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European Union Eurozone Eurostat EU Debt Hiding debt
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Bob Lyddon

EU and Eurozone are Massively Over-Indebted - but official figures obscure it

Burn The Euro Zone is a Threat to Financial Stability
 EU and Eurozone member states fail to fully report their financial liabilities. The key measure tracked by Eurostat - 'General government gross debt' – is circumvented to such an extent that, based on year-end 2021 figures, debts of around €6.4 trillion failed to be registered, and contingent liabilities of around €3.8 trillion. This discrepa...
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Eurozone Eurostat Rules Liabilities Gross Debt
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Bruges Group Research

Politicking is Not the OBR’s Job

Dizzy_1 OBR the Doom Merchants
"Richard Hughes, the chairman of the Office for Budget Responsibility, (OBR) claims Britain's departure from the European Union has reduced economic output by around 4 per cent compared to if the UK had remained in the bloc". "Speaking to the BBC's Sunday with Laura Kuenssberg programme, Hughes was asked to quantify the 4 per cent drop in UK e...
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Brexit Opportunities OBR Forecasts Misinformation
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Michael Wood

Where Have All the Tories Gone?

The-assassination-of-Julius-Caesar Democracy in Danger
Politicians should have a vision. George H. W. Bush's perceived lack of one probably cost him a second term. Atlee's vision of a British Socialist Commonwealth condemned the UK to a painful exodus from the privation of WW2. Its legacy hampered our development. The Reagan - Thatcher vision was a time of hope, a vision of a renewal for the world demo...
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democracy Brexit Opportunities Blob Denigration of UK New Start
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Michael Wood

A True, Tried and Tested Horizon

New-Horizon The World is more important than the end piece of Eurasia.
Whatever the choreography we have a clog dance not a ballet. Sunak's 'deal' is yet another fudge. Involving the King in politics and the manipulation, copied from the EU, demonstrate a cynical disregard for probity. The Northern Ireland Protocol is a travesty. No Independent nation can agree to be ruled by a political court (The ECJ) whose sole rem...
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N I Protocol Sunak ECJ Horizon
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Michael Wood

Has Anyone the Courage to Lead?

stop-1001138_1920 Time for honesty and courage
Since the referendum governments have squandered opportunity. We should be in a strong position, but a combination of Pro EU Tories, the Blob and the Civil Service has put democracy at risk. The daily attacks on Brexit citing idiotic opinion polls, demonstrate a determination by the opponents of democracy to take us back into the EU whatever the co...
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EU Net Zero democracy Coup Truth
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Robert Oulds

Rishi Sunak Must Rip Up EU Laws Immediately to Deliver on Brexit’s Promise

europe-3256079_1920 EU Laws are Holding Back British Growth
The Bruges Group is pleased to republish this article by Barnabas Reynolds  Brussels' rules are prescriptive and controlling, and are holding back British growth The Prime Minister must restore Britain's sovereignty over our laws The Government is seeking the power to remove some of the vast swathes of EU-inherited law by the end of 2023 in it...
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EU Laws UK Sovereignty Impediment Legal Freedom
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Robert Oulds

Post-Brexit Online Trading for Better Opportunities: Study Promises Steady Economic Growth

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Although Brexit and the free trade agreement initially disrupted and confused UK-based business operations due to the UK's dominant role in cross-border online distribution and sales with other European countries, things are finally looking up in the long run. A study published by the Board of Trade stresses the enormous prospects that digital trad...
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Michael Wood

The End of The Road

signpost-5274077_1920 Our future destroyed?
For over a century the UK has struggled with political realism and to an extent, its identity. In 1918 the Labour Parties pamphlet 'Labour and the New Social Order' set out an essentially communist agenda. Beatrice and Sidney Webb's 1920 book ' Constitution For The Socialist Commonwealth Of Great Britain' fleshed it out. Many were taken in by talk ...
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democracy Taxes OBR Socialism Betrayal
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Michael Wood

For Whom the Bell Tolls - Democracy, It Tolls for Thee

death-5770668 The Grim Reaper
The short-lived Truss government came to power with a mandate to change Britain. She fought her campaign clearly stating her policy. She was lawfully elected according to the rules. Her policy was designed to produce growth. Cutting taxes was a part of the program. The respected US Tax Foundation in its 2020 report on UK tax wrote: "All things bein...
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democracy Blob Speculators Green Damage
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Michael Wood

Can the Turncoats Turn Back?

Janus-Building Janus Building Burns
The UK faces problems, problems that to a great degree are the fault of the political and financial establishment. There is no point in blaming every ill on Covid and Ukraine indeed it is only to the latter crisis that the establishment response has been sure footed. Otherwise, the failures are legion. Brexit has not been fully implemente...
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democracy Taxes Turncoats Expert Mess Renege on Promises
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Michael Wood

Déjà Vu and a Confected Crisis

crisis-5238323_1920 Crisis. What Crisis?
An energy crisis hit world economies and after almost three years the pain exploded in most countries. The exception was the USA. Acting pro-actively President Reagan slashed regulation to free the economy. He fired over 11,000 striking air traffic controllers. Breaking the strike. An action Paul Volcker saw as a 'watershed' moment in the battle ag...
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energy Déjà Vu Tax Relief Growth Remoaners
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Jamie Bryson

HeatON-Harris to Deliver on Protocol - The Union is Under Threat

Chris-Heaton-Harris
The appointment of Chris-Heaton Harris as the Secretary of State for Northern Ireland was greeted warmly by unionists, ever hopeful that at long last we would have a Secretary of State who cared as much about protecting the rights of unionists as those of nationalists. Moreover, there was a great hope that this UK Government would break with the sy...
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Brexit Northern Ireland Northern Ireland Protocol Brexit Opportunities
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Jamie Bryson

The Northern Irish Protocol Must Go Now

Union-Jack-bunting-on-Shankhill-Road
The Acts of Union is the present constitutional foundation of the United Kingdom. As the late Lord Trimble, the unionist architecture of the Belfast Agreement, said: The Acts of Union is the Union. The Northern Ireland Protocol "subjugates" (in the words of the Court of Appeal) Article VI of the Acts of Union, and therefore it follows that it subju...
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Brexit Northern Ireland Northern Ireland Protocol
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Michael Wood

Liz, Land on Our Planet

astronaut-4106766_1920 Looking for reality
There is a disconnect between the media, politicians and the people of the UK. We are fed a daily diet of gloom. Hysterical millionaire 'experts' rant with messianic fervour. A plethora of experts, who helped cause the problem, seek to out do each other in their apoplectic zeal to blame others. It is as if they seek to reprise the late Jack Hawkins...
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energy NHS Common Sense Fracking Rolls Royce
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Robert Oulds

We are being hoodwinked (again) by the Northern Ireland Protocol Bill

janus Duplicity
 The following analysis by Ben Habib is reprinted from: https://www.newsletter.co.uk/news/opinion/ben-habib-we-are-being-hoodwinked-again-by-the-northern-ireland-protocol-bill-3750685 Ben Habib is a Newspaper Columnist and former Brexit Party MEP I am having a profound sense of déjà vu. In 2019 I said the Prime Minister's oven ready deal was a...
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EU NI Protocol
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Derek Bennett

KNOCKING AT THE EU’s DOOR

door-1587863_1920 Bolted Door
 Nicola Sturgeon, Scotlands first Minister, has been banging on, yet again, about holding another referendum on Scottish independence and is proposing to hold a plebiscite during October 2023. This is despite the fact she lost the so-called 'once in a lifetime' independence referendum in 2014. If the people of Scotland go mad and vote to break...
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EU Scotland Independence Sturgeon
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Sir Bill Cash MP

REPORT BY LEGAL STAR CHAMBER ON NORTHERN IRELAND PROTOCOL BILL

london-453099 Northern Ireland Protocol Bill
Sir William Cash MPRt Hon David Jones MPMartin Howe QCBarnabas Reynolds The constitutional and legal position of the United Kingdom in relation to the Protocol on Ireland and Northern Ireland (the "Protocol") is founded on Section 38 of the EU (Withdrawal Agreement) Act 2020 ("EUWAA 2020"). There are also pertinent issues relating to international ...
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Will Podmore

A festschrift for Anthony Coughlan: Essays on sovereignty and democracy, edited by Frank Keoghan, Ruan O’Donnell & Michael Quinn, hardback, 159 pages, ISBN 978-0-09955975-2-5, Iontas Press, 2018.

A-Coughlan A festschrift for Anthony Coughlan
Anthony Coughlan is known to most of us for his heroic work for the National Platform of Ireland, which campaigns for Ireland's independence from the EU. As Michael Quinn writes, "He has tirelessly campaigned against the centralising and unaccountable EU bureaucracy; articulating instead the alternative case for a Europe of independent and co-opera...
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EU Eurozone democracy Irexit
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Reynolds

Moving on From EU Law – Good for the Economy, Good for Business!

career-g2fc5edaac_1920
By Barnabas Reynolds. The Brexit Freedoms Bill aims to end the special legal status of EU law. It will also simplify the removal of retained EU law. Here Barnabas Reynolds explains the advantages for the City – and the economy. The UK has recently been confronted with a series of adverse economic shocks – from Covid and the war in Ukraine, to the c...
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Brexit Trade Tax economy finance
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Robert Oulds

How Companies in the UK Can Bounce Back After COVID

office-ga4ce9a63d_1920
nologThe COVID-19 pandemic had an unprecedented impact on companies across the world. In the two years since initial lockdown, far too many businesses continue to struggle to make a comeback. The Prime Minister of England has officially urged people to go back to their offices and normal work environments. His goal is to get everyone back to living...
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COVID economy Business boris johnson technology
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Robert Oulds

How to Build a Legacy Within Your Family Business

family-1 Family Business
Some people who start a business dream of it becoming an enterprise that is passed down through generations. While this is true for some companies and families, it can also be a fraught ambition. Families can be dysfunctional, and when that dysfunction is transferred to the workplace, it can be catastrophic for the business. Furthermore, there is n...
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Family Business SME Legacy Project Succession
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Dr Frank Millard

Is globalisation defunct?

hands-g2d9db562f_1920
Is there a need for a rethink of the 21st century direction of travel of globalisation, the concept of a global village, 4IR, communitarianism and supranationalism, as conceived at the end of the previous century? Vulnerabilities of scale The devastating impact of the pandemic on economics, trade, logistics and the global supply chain, plus the imp...
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Trade China economy globalisation democracy
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Dr Ted Malloch

The United States and Europe Redefined

Anglo-American280
It is past time to re-evaluate key U.S. assumptions about Europe and the European Union.  For far too long, America and Europe have had a very one-sided relationship. It is like a codependent marriage, in which one partner sacrifices his or her own needs for those of the spouse. That person's actions will completely revolve around the other pe...
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European Union Trade Ukraine War America
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Michael Wood

The Cost of BRINO

stock-exchange-g338d8c2e6_1920
Margaret Thatcher broke the mould of British politics. A grocer's daughter raised above the family shop. She benefited from free state education including university. She believed in equal opportunity. She believed in wealth distribution through hard work and getting rid of as much state intervention as possible. As Prime Minister she encouraged pr...
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Derek Bennett

Carlamatous Confusion

fantasy-gbde39f909_1920
As the dreaded 2030 deadline for the cessation of the manufacture and sale of all conventional petrol and diesel cars approaches, I have to wonder if our Prime Minister and other Government Ministers really have a clue as to what they are doing and if they realise the calamitous confusion they have set in place for the average British person. As a ...
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global warming electric car transport environment
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Robert Oulds

Rishi's tax rises are a looming DISASTER for Britain, warns Patrick Minford

monument-g044d191f3_1920
Boris Johnson is often dismissed as a know-nothing on economics, and Rishi Sunak prides himself on being rather good at it.  In his generally excellent recent Mais lecture, the Chancellor set out his vision for the UK economy. He aims for freeing up markets, improving regulation, and cutting taxes to incentivise investment, training and R...
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Conservatives Rishi Sunak Tax inflation economy
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Chris Davies

Is the Conservative Party running out of Energy?

to-protect-g092715887_1920
Outputs from Spring Statement In advance of the promised reveal of the government's energy plan this week, let's start with the positives from Rishi Sunak's Spring Statement. 5 whole years of VAT free purchases on solar panels, ground and air source heat pumps. Not in Northern Ireland of course but they seem to matter less than ever to the Conserva...
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Tax conservative party energy inflation economy
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Chris Davies

Cash is King or is it Crypto (nite)?

A few weeks ago, I saw a sign stuck to the plastic screen dividing me from a barista. To précis, electronic payment preferred, cash as a last resort. When I politely enquired as to why, I was told, albeit politely, that whilst it was not "due to COVID" (no sensible business is still using that schtick are they?) despite the transaction cost, it was...
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Chris Davies

Taxation: the gift you keep on giving

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United Kingdom rates of personal taxation are at their highest in over 70 years. They are set to increase further. Whether or not governments spend the money they raise wisely? That's another piece for another day but my overarching view is that individuals make better spending choices than "the state". This article examines the ways in which the T...
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Tax
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Robert Oulds

Crypto Regulation in the EU vs the UK

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Crypto regulations would have been identical for both the EU and the UK. However, the Brexit game brings chaos, and hence the crypto regulations, including the famous Bitcoin and Ripple, are independently defined, yet few sections overlap. This guide will bring some light on the cryptocurrencies regulations in the United Kingdom and European Union....
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Rt Hon. Sir John Redwood MP

Taxes and sovereignty

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When Parliament fell to debating various versions of a Withdrawal Agreement between the UK and the EU some of us had no wish to enter binding arrangements with the EU that could continue to prevent us making sovereign decisions for ourselves through elections and Parliamentary votes. I along with 27 other Conservative MPs voted three times against ...
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Robert Oulds

Is the Digital Euro Coming Soon?

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The European Commission is the executive branch within the broader European Union or EU. It apparently intends to introduce the continent's own digital euro bill sometime during 2023. This would coincide with experimentation done by the European Central Bank with a retail version of central bank digital currency across the union. Movement Among Mix...
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Robert Oulds

To achieve economic growth, British policy needs its own 'Great Reset'

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The current cost of living crisis and stagnating growth highlight the importance of a re-examination of our approach to tax, trade and business, writes John Longworth. During the pandemic, conspiracy theorists loved to talk about the "great reset" that would be orchestrated by the Davos-loving global elites. If the events of the past two weeks is a...
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Robert Oulds

British consistency makes it No.1 for Global Soft Power since 2010

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Facts4EU.Org presents their review of the major Global Soft Power rankings in the world. Their analysis of these rankings covers every year from the first in 2010 until the latest for 2022. We reviewed the three emerging ranking systems that have over time become more and more detailed and analytical. We started with the Institute of Governmen...
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John Smith

The Main Disadvantages of the EU Membership

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The maiden official alliances among European countries happened shortly after World War II with the formation of NATO in 1949. Eight years later we saw the foundation of the European Economic Community as the countries joined their strengths in sharing bountiful industries that went on to serve a much wider spectrum of people instead of a single na...
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Robert Oulds

Sunak's being bullied into missing post-Brexit open goal for tax cuts

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By Professor Patrick Minford, CBE Patrick is the Chairman, Economists for Free Trade. He is Professor of Economics at Cardiff Business School, part of the University of Wales. Patrick is the author of The Cost of Europe, and Should Britain Leave the EU?: An Economic Analysis of a Troubled Relationship. Professor Minford is also a member of the Brug...
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Chris Davies

P&O in employment race to the bottom where no one wins

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BackgroundIn one of the most egregious examples of the nefarious practice of fire and rehire, P&O Ferries sacked 800 workers via Zoom this week, without notice, attempting to replace them with agency workers on much lower pay and worse terms and conditions. By using security guards to escort hardworking employees forcibly and inhumanely off the...
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Chris Davies

Warning: Economic headwinds ahead

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The impact of loose monetary policy long after the financial crash reverberations had largely ended and repeated after the worst of the pandemic (creating the worst economic contraction for 300 years) had passed, is now taking its toll on inflation and interest rates. February saw a rash of economic metrics that when consolidated alongside other re...
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Chris Davies

The House of Cards is a busted flush

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The USA is bust. Not officially of course and as Francis Underwood (I know, it was Urquhart first but humour me) would say, "You could say that; I couldn't possibly comment". With Federal Government debt in excess of $30Trillion and debt servicing alone of almost $600Bn per annum, the country is ill prepared in every conceivable way for a protracte...
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Chris Davies

Time to pivot for Domestic Energy

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The campaign for a referendum on Net Zero appears to be gathering pace, with Nigel Farage openly discussing its evolution on his nightly GB News programme this week. Accepting the premise of global warming and the need to avoid the Earth's temperature overheating has become a settled issue for many but not all. Ground source heat pumps, electric ca...
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Tax climate change energy inflation economy
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Chris Davies

Big Tech “Wokepropriation” turns to financial malaise

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Big Tech, so long the natural bedfellow of Planet Woke may just be starting to see the impact of its commitment "to the cause" through a, let's be generous, "correction" in their stock market capitalisation (numbers of shares in issue x cost per share). The mighty Apple, the nerve centre of Silicon Valley wokeism became the first company in history...
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political correctness big tech woke cancel culture go woke go broke
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Robert Oulds

The case for a new Bretton Woods

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The case for a new Bretton Woods, Kevin Gallagher and Richard Kozul-Wright, paperback, 163 pages, ISBN 978-1-5095-4654-1, Polity Press, 2022, £9.99.  Kevin Gallagher is Professor of Global Developmental Policy and Director of the Global Developmental Policy Center at Boston University. Richard Kozul-Wright is Director of the Division on Global...
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Robert Oulds

Where the UK Education Technology Industry is Headed Post-Brexit

It's clear that UK industry is in a period of adjustment post-Brexit. Despite the drop in FDI and disruptions like the global pandemic, there are nonetheless emerging industries where the UK has the potential for global leadership. The education technology (edtech) industry is undoubtedly one of them. 1. UK education pre-Brexit Prior to the Brexit ...
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Rt Hon. Sir John Redwood MP

Do you believe in Brexit?

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Fourth upon a time the Brexit elf went in search of the true Brexit. He had been over the moon all those years ago when the British people had voted to leave the EU. He looked forward to an early and complete departure. He expected the creation of a land of freedom. He looked forward to wise government from a newly independent and powerful Parliame...
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Ethan Thoburn

'Spartan Victory' - Interview with Mark Francois MP

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"We were the 28 MPs who saved Britain, we saved our nation and this is the inside story of how we did it." The Rt. Hon. Mark Francois MP The Bruges Group led the intellectual debate for Britain to leave the European Union and now we have the story from within, the story of the ERG from an MP who was at the heart of Brexit. 28 Members of Parliament ...
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Brexit Spartans Mark Francois book Theresa May
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Christopher Lim

Why Brexit has already been a success – since the UK’s exit on 31st January 2020

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The argument put forward by Brexit critics in the past, and now, is a combination of such: 1) The world moves in large, multilateral blocs – hence being part of the EU, the closest possible multilateral bloc, means the UK can stay an active part of the world economy. In an era where big collective action must be taken, from bulk buying PPE in a pan...
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Will Podmore

COP-out

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The UN Climate Change Conference in Glasgow (COP26) talked a lot about ending all reliance on fossil fuels. But this ignores the dependency of industry on hydrocarbons. Modern society's ability to feed, clothe, warm itself, and to provide security, education, health, and culture all depend on industry. Wind and solar power depend on fossil fuels, s...
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Christopher Lim

Letter to Berlaymont: Discord in the union and the European Parliament group leaders' letter

Since the European Parliament's lawsuit against Commission President von der Leyen over the Polish Court decision, the stand off between two of the three major institutions of the European Union has reached new heights, with the decisions by the European Court of Justice (ECJ), not to mention the Polish border crisis, setting the agenda. In both it...
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Derek Bennett

Murdering Democracy

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The sun had shone all day, the people we had been meeting every time the Brexit battle bus stopped all of us anti EU, pro-Brexit campaigners, would pile out and meet mostly receptive people who were declaring they were going to vote to leave the EU in the run-up to the 2016 EU referendum. We had spent an hour or so on Worcester market and were on t...
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Peter Kirby

Hot Air - Carbon Dioxide and Global Warming: A Review and a Few Facts

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Introduction The purpose of these notes is to present some facts about the campaign to stop global warming and climate change. The climate has changed in the past, is probably changing now, and will change in the future. The campaign is trying to stop the unstoppable. The natural factors affecting global temperature are very powerful: terrestrial, ...
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Climate Alarmism Net Zero
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Dinah Glover

From Inside The Liberty Zone (CPC 2021)

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How refreshing to return from Party Conference which was held in a state of near normality. The only element which was not completely normal was that there were less people. That I think was due to the fact potential attendees were worried it would in the end be cancelled or that vaccine passports would be demanded in some form. This in a nutshell ...
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Jack Brookes

Does the WTO Promote Trade?

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"Does the WTO promote trade?" is the research question that this literature review attempts to answer. The key word "promote" is taken to mean increase. The WTO is an abbreviation of the World Trade Organisation and has '164 members since 29 July 2016'[](WTO Members and Observers, no date) and was established in 1995 after the conclusion of many ba...
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Michael Clitherow

The Northern Ireland Protocol: Trigger Article 16!

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Where is the evidence that this ruling has saved anyone from being exposed to sub standard or dangerous products? We have heard so much from the EU Big Wigs and European politicians about how important it is to have checks on goods going from one part of the United Kingdom to another – mainland UK to Northern Ireland - it is therefore vital to...
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Robert Oulds

Just Who Prospered During Covid?

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The coronavirus pandemic changed the landscape of the world economy almost overnight. Certainly, industries who before would see handsome turnovers year on year had their custom suddenly wiped out – or at least massive reduced. We are all aware of the biggest losers from Covid, as the effects of their misfortunes were all around for all to see. Mor...
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Christopher Lim

In Conversation with Lord Lilley

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I had the opportunity to speak to Lord (Peter) Lilley, a former speaker at a Bruges Group conference who served in Cabinet in the Thatcher and Major Governments as Secretary of State for Trade and Industry and Secretary of State for Social Security – and later in William (now Lord) Hague's Shadow Cabinet as Shadow Chancellor of the Exchequer and De...
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Michael Clitherow

The Left and Private Schools - Time to Get Real

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 Given I have not seen any coherent argument in the Media spelling out the true facts aimed At any members of the public who have been taken in by this ill thought through proposed policy of taxing private schools. It's time for a simple statement of the obvious to be circulated to as many people as possible. The notion Labour is trying to sel...
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Ethan Thoburn

Liberty Zone at Party Conference

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At Conservative Party Conference this year, we are delighted to be hosting the 'Liberty Zone' on Monday 4th October 2021 at the Science and Industry Museum, Liverpool Road, Manchester, M3 4PF.  We are holding our annual Party Conference event this year alongside Time 4 Recovery, a group set up to pressure the government with oppositi...
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Derek Bennett

Tax is Theft!

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You get to meet some interesting people on holiday, each year for several years my better half and I would return to the same hotel during the same two weeks in June where we would meet up with other regular returning guests. One of them was a senior accountant with a very large firm, he once told me every time they had to produce a cheque to pay t...
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Serena Lit

To Stimulate Economic Recovery, We Need Low Tax Solutions

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Hands up, who still thinks the Conservatives are a low tax party? If your hand is up, might I suggest you put it swiftly down and start writing some letters to the 321 Tory MPs who this week voted in favour of the biggest tax hike since the Second World War. Someone ought to inform them. Someone also might want to disband CCHQ come the next general...
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Conservatives Conservative Party Boris Johnson Rishi Sunak Tax
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Barry Legg

Barry Legg's Letter to The Telegraph on Tax Increases

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SIR – Extra taxation on savers to fund the NHS and care-home fees is bizarre. Some paying the extra tax may have been motivated to save in order not to depend on the state in their old age. Now achieving that objective will be undermined. Others will be care-home residents, now having to make a higher tax contribution to fellow residents' costs.&nb...
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Christopher Lim

In Conversation with John Manley OC PC - Former Deputy PM of Canada

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I had the opportunity to speak to the Honorable John Manley, a long serving Cabinet Minister in the Canadian Government, having served in key posts such as Deputy Prime Minister, Minister of Finance, and Minister of Foreign Affairs – among others. John Manley is also known for having authored the Manley Report on Afghanistan in 2007 and having been...
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Will Podmore

Scotland and Currency

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Clearly neither Wales nor Scotland could create their own currencies: they would have to stay with the pound or join the euro. And since the euro is hugely unpopular in Scotland (only 18 per cent of Scots want to join the euro) - and would simply introduce dependence on Brussels - that would mean sticking with the pound. Yet Alex Salmond seems...
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Serena Lit

Nightclubs: The Latest Casualty in the Government’s War on Freedom

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The claim that a dark and heaving nightclub delivers the perfect breeding ground for Covid isn't particularly contentious. Lots of people packed tightly together, snogging, singing and shouting in a confined space with poor ventilation is perhaps the Department of Health's worst nightmare. Now, if you want to keep clubbing in Britain, the governmen...
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Will Podmore

Technology Sovereignty

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 Economic victory in a free trade world will always go to the strongest economy – and the disparity is growing. Against this a new concept has emerged: technology sovereignty. This recognises that IT infrastructure lies at the heart of a modern society. And it's about far more than access to broadband. Networked computers are not only essentia...
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Will Podmore

Zero Carbon?

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The United Nations Intergovernmental Panel on Climate Change (IPCC) published its sixth assessment report in August, setting off a chain reaction of apocalyptic responses. IPCC was set up in 1988 to scientifically understand human-induced climate change, its impact and possible responses. But every IPCC report since the first in 1990 has been accom...
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Dinah Glover

The Fight for Liberty - No Vaccine Passports!

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Since Boris Johnson was elected with a thumping majority of 80 events have over taken his premiership. It was assumed that the biggest political headache would be Brexit. That proved not to be the case and in less than 3 months Coronavirus was upon us and all that has entailed. Sadly we have just copied the actions of the Chinese Communist Party, w...
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John Smith

The Influence of Cryptocurrency on the World Economy

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If you don't know what crypto or digital currency is and you've never heard the word Bitcoin being bandied about in a cocktail conversation then welcome to the new millennium, we are happy to have you! Yes, cryptocurrency has taken hold and the world economy has certainly taken notice. Consider that the leading crypto, Bitcoin, was born only a doze...
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Christopher Lim

Interview with Ambassador Jim Gilmore

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Kendall O'Donnell and I had the opportunity to speak to Jim Gilmore, former US Ambassador to the OSCE, Governor of Virginia, and Chairman of the Republican National Committee, among other roles. We spoke on matters international, regional, and domestic, on topics stretching from President Biden's foreign policy, European security and the EU's role ...
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Trade US UK politics Special Relationship USA US politics
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Serena Lit

The Government Must Stop Weaponising the Obese to Wreck Free Markets and Curb Consumer Choice

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 With more scandal and sleaze gushing out of Westminster than the Sussexes press office, one could be pardoned for glossing over the government's latest flirtation with the supercilious head of nanny statism. Last week, the Department of Health confirmed plans are going ahead to restrict paid junk food advertising, in order to curb childhood o...
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Kendall O Donnell

Why the United States Needs to Re-think Ideas Such as the Wolfowitz Doctrine When Thinking About Dealing with China

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A new consensus: Why the United States needs to re-think ideas such as the Wolfowitz Doctrine when thinking about dealing with China  The U.S.A. is no longer in a position of primacy in the Indo-Pacific; to regain hegemony, it must alter its policies. U.S foreign policy, ever since the tenure of President Woodrow Wilson and his famous 14 point...
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US UK politics Donald Trump USA US politics
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Taylor Downs

Land of Hope and Glory

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How the Commonwealth of Nations Can Become the Most Innovative Bloc in the World  By Alexander Flint Mitchell MSc Dissertation for Business Innovation with EntrepreneurshipBirkbeck, University of London2020 ABSTRACT Much has been written on the three topics of the literature review of this thesis: innovation, the Commonwealth of Nations' ...
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