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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.

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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  351 Hits

Artificial Idiocy and Productivity Damage

robot-153635_1280 Artificial Idiocy
Last Saturday we went to the theatre in Windsor. The car park no longer has a machine that takes cash. It does have two parking aps. The first was out of order, or at least it could not be downloaded. The second was one my wife has. Her credit card is registered with them, but she could not pay. She phoned them. A human sorted the problem, confirme...
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  330 Hits

Brexit is Working

world A World of Opportunity
We are pleased to publish this analysis by Sebastian James based on his blog at The Blue Anchor.  PART ONE After the vote to leave The Guardian started a regular tracker to chart its impact on the economy. But as the Remainer predictions turned to dust and the good news kept piling up the Guardian quietly dropped this feature. So I'm reviving ...
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  783 Hits

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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  1016 Hits

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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  526 Hits

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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  1046 Hits

The great western inflation should lead to changes at the Central Banks

Sir-John-Redwood Rt Hon Sir John Redwood PC MP
John Redwood's Lecture, All Souls College, Oxford  Rt Hon Sir John Redwood will be giving a lecture on the great western inflation of the last two years. He will examine the role of the Central banks, explain how they could have avoided the general price rises, and ask how the Bank of Japan, the Swiss Central Bank and the People's Bank of Chin...
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  968 Hits

The archipelago of EU public sector entities with borrowing powers has created a behemoth of liabilities

eu-liabilities-behemoth Hidden EU Debts
The EU member states contain numerous public sector entities with borrowing powers, and whose debts fall outside the definition of member state debt as reported by Eurostat. The responsibility for the debts tracks back, one way or another, to the member state but the amounts involved are opaque. All that can be said with complete certainty is that ...
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  1201 Hits

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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  900 Hits

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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  1124 Hits

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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  828 Hits

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

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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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  1447 Hits

What Needs to be Taught

teacher-651318 Numeracy is the Key
The Prime Minister advocates that the teaching of Maths should be a priority, although one suspects that he really means numeracy, as the ability to add up a few figures is more useful for the average person that knowing all about the calculus of the hyperbola. However the level of debate concerning economic matters in this country makes clear that...
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  879 Hits

The End of The Road

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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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  846 Hits

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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  1388 Hits

Tax Anomalies, Cowards and Encouraging Cheating

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A competent Conservative Government would have rectified the anomaly of taxable income between £100,000 and £125,140 being subject to an effective tax rate of 60%. It is clearly anomalous for the effective tax rate to rise from 40% to 60% on income in this band and then fall to 40% on income between £125,141 and £150,000 before rising to 45% on inc...
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  1071 Hits

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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  1199 Hits

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

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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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  1328 Hits

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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  1781 Hits

Is the Conservative Party running out of Energy?

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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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  1577 Hits

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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  1522 Hits

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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  1518 Hits

“Despite Brexit” becomes “Despite Biden” with US mini-trade deals

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US states courted for deals on financial services after US tariffs on steel and aluminium lifted.  A look at the improving UK trade with US and Canada While all eyes have been on the possibility of a large bilateral deal with the US, the two governments have been reaching across the pond to strike small deals that amount to great improvements ...
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  1381 Hits

Mr Sunak’s ‘Spring Statement’ – a man without a fallback

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Download PDF File Here Mr Sunak's Spring Statement was far less impressive than his rhetoric has made it appear. Once again a senior member of this administration reaches a Gold Standard in rhetoric, but at best a Bronze one in achievement. The claim does not stand up to examination that these were the largest reductions in personal taxation for th...
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  1257 Hits

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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  1352 Hits

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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  1614 Hits

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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  1528 Hits

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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  1290 Hits

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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  1407 Hits

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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  1496 Hits

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

brexitstratosphere
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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  2401 Hits

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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  3422 Hits

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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  1695 Hits

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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  2247 Hits

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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  2253 Hits

‘The Future of the Union’, Sir Bernard Jenkin MP

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Panelists: Barry Legg (Chair), Lord Dodds of Duncairn, Sir Bernard Jenkin MP, James Webber Barry Legg, Chairman of the Bruges Group: Our next speaker is Bernard Jenkin. Bernard is Chairman of the House of Commons Liaison Committee, on which all select committee chairmen sit. Previously, he was Chairman of the Public Administration Select Committee,...
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  2438 Hits

Aurora - A New Dawn for Sterling with Benefits for All

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A major City group has just published a report calling for an immediate development of an e-pound Britain could create a Western alternative to a Chinese digital/e-currency It is not generally appreciated that over 98% of UK transactional banking (by value) takes place in what is known as 'the wholesale market'. Less than 2% takes place in the reta...
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  2371 Hits

Biden, Cryptocurrencies, and the American State

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 In recent days, the internet has been abuzz with the news of Joe Biden's proposed hike of federal capital gains tax to 43.4% for the highest earners. However, unsubstantiated rumours swirl of another, far more significant reform to American taxation: an 80% tax on cryptocurrency transactions. If true, it must be conceded that such a reform ha...
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  2128 Hits

Quick Asset Tracking Tips for Business Beginners

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As a business owner, you are going to invest in numerous resources and tools to help your business grow. Some of those assets will be more tangible, like vehicles and computers, while others are a little more conceptual, like employees, and training strategies. Having a tracking system in place will help you to ensure that you're leveraging your as...
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  3598 Hits

How Can The UK Become a Worldwide Leader For The Online Gambling Industry

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The online gambling industry is in a tricky situation across the world. Each one of the United States is coming up with its own set of regulations, the EU never had a centralised regulatory institution across the continent, and Asia doesn't look at gambling with a good eye either. Currently, online gambling operators settle in the Isle of Man or th...
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  2760 Hits

The ECB’s Pandemic Emergency Purchase Programme – the undermining of the Eurozone as a free financial market, the epitome of the failure of the Euro project, and a coup d’état by the European Central Bank

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This new study, issued through The Bruges Group, dissects a main response of the European Central Bank to the pandemic: another programme of bond buying, taking up hundreds of billions of euros of Eurozone member state government bonds into the ECB's Pandemic Emergency Purchase Programme, the "PEPP". The PEPP bought the majority of new debt issued ...
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  2207 Hits

'We Need Courage, Not Lockdown!' John Longworth

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John Longworth was the Director General of the British Chambers of Commerce; he was also an MEP and co-Chairman of Leave Means Leave. A great problem with many politicians and most civil servants is that they don't understand business. The reverse is probably also true. The enterprise economy is alien to the political class and they tend ...
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  2664 Hits

Pre-Budget Suggestions - No Tax Rises!

Rishi-Sunak
As the Chancellor prepares to deliver his Budget, we want to make clear a few brief advisories to Mr Sunak on what this historical Budget should contain. First of all, there has been plenty of speculation from countless newspapers and TV reports that the Chancellor is plotting tax increases, namely corporation tax and potentially freezing tax bands...
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  3276 Hits

Bingo! Why Brits Still Love To Play Bingo

britishbingoball
Bingo originated in Italy, and as it touched the UK's borders, Brits fell in love with it instantly. The love affair resulted in the springing up of bingo halls and charity games all over the UK in no time. As a traditional game dating back to the early 16th century, it later became typecast by youngsters as a game that older people play. Towards t...
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  2095 Hits

Free of the EU’s Stifling Legal System, British Financial Services will go from Strength to Strength

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By Barney Reynolds  Like it, or loathe it, Brexit is an opportunity for Britain to reassert herself as a sovereign nation. For those of us who are optimistic about our post-EU future, we have only to point to the recent fiasco around the EU vaccination roll out as one example of how "taking back control" has already been beneficial. But t...
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  2959 Hits

Barney Reynolds: Treasury Select Committee on the UK's Economic and Trading Relationship with the EU

Barney-Reynolds
On Monday 11th January The Treasury Select Committee discussed the UK's future economic and trading relationship with the European Union; Bruges Group speaker and friend, Barney Reynolds was invited to give evidence as a witness. Present at the meeting were Select Committee Chairman, Mel Stride MP (Conservative), Rushanara Ali MP (Labour), Steve Ba...
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  2881 Hits

We Got Brexit Done!

Boris-Johnson
The Bruges Group Statement on Britain's EU Exit  https://www.brugesgroup.com/blog/statement-on-britain-s-eu-exit ERG Star Chamber Legal Analysis The full text of the Star Chamber's analysis of the trade deal https://lawyersforbritain.org/wp-content/uploads/2020/12/ERG-Legal-Advisory-Committee-Opinion-on-EU-UK-Trade-and-Cooperation-Agreeme...
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  4439 Hits

We Face a Critical Choice: Global Britain, or the Mire of Protectionism

Best-of-British
By Shanker Singham  As the Agriculture Bill makes its way through Parliament, the UK faces a critical choice in its international trade policy. It is widely understood in trade circles that agriculture is the gate through which all trade policy flows. Long the bugbear of world trade, agricultural sectors all over the world have rigidly op...
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  2482 Hits

The power of the City is a double-edged sword, but it is yet to be respected

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Samuel Johnson famously said, 'when a man is tired of London, he is tired of life'. However, unlike S.Johnson, it seems that B.Johnson has succumbed to this, in light of the lack of news surrounding the future of our greatest financial asset, the City of London. Whilst the recent focus has been perpetually on State Aid and fishing rights, the City ...
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  2621 Hits

Would a ‘No Deal’ Brexit Really Cost Three Times More Than COVID?

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Link to initial article By Julian Jessop Brexit talks resumed this week with growing hopes that a trade deal can be done in time for the October EU summit. This follows speculation that the UK has softened its position after Boris Johnson was 'shocked by a London School of Economics report suggesting that no deal would cost Britain up to three time...
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  2612 Hits

The EU’s Pandemic Recovery Fund is a Leap Towards Ever Closer Union

Von-der-Leyen-elbow-pump
Marathon talks have concluded between EU leaders as they battled over the details of its multibillion-euro pandemic recovery fund. With France and Germany head-to-head against the frugal four of Austria, Denmark, the Netherlands and Sweden over grants, veto rights and funding criteria, you could be mistaken for seeing the talks as the break-up of t...
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  2776 Hits

Sir Bill Cash: Where We're at With Brexit

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Having experienced the entire process of leaving the EU since the Maastricht rebellion, through to the passing of the sovereignty clause, Section 38 of the Withdrawal Agreement Act 2020, including the result of the referendum itself, I am thoroughly aware that there must be no ECJ jurisdiction after 31 December 2020. The Governm...
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  5943 Hits

Brexit in a post-Coronavirus World

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The challenges and the opportunities  With the speakers; - Rt. Hon. Sir John Redwood MP- ​Tim Congdon CBE- ​Professor Patrick Minford CBE- ​Dr. Gerard Lyons Professor Tim Congdon CBE:Are Eurozone Trends in Public Debt and Financial Imbalance Unsustainable?  Quotations from the April 2020 ECB Economic Bulletin 1. "...
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  3444 Hits

The Interesting Finances of the European Union

Viktor-Orban
There's nothing very surprising when the EU spends money in individual member States to enhance its standing, and to influence people in those States to work in what the EU sees as its interests. That's known as old-fashioned pork-barrelling. But when the EU argues that the bankrolling of political organisations within a State by those outside it i...
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  2900 Hits

On the Level Playing Field

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Roland Vaubel Professor emeritus of Economics Universitaet Mannheim Germany Mr. Barnier seems to misunderstand the argument for maintaining a level playing field. The laws of a country, above all, ought to reflect the preferences of its people. It follows that the laws ought to differ between countries if, and to the extent that, the preferences of...
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  3051 Hits

Margaret Thatcher - The Heroine of Brexit

Thatcher-and-the-EU
Margaret Thatcher's Bruges Speech to the College of Europe in September 1988 - YouTube https://www.youtube.com/watch?v=rqv8HF84EOs&t=1s The Bruges Group was set up in 1989 in honour of one speech, a now landmark address made by our then Prime Minister Margaret Thatcher to the College of Europe on 20th September 1988 on the 'Future of Europe'. L...
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  9582 Hits

Sir Geoffrey Howe: A Revolutionary Thatcherite Chancellor

Sir-Geoffrey-Howe
During this pandemic, I felt it would be the perfect opportunity to take a closer look to the careers of some political giants who don't always get the recognition or remembrance they deserve. One of my greatest interests is political history and every Friday I will publish an article outlining the career and some interesting facts about some polit...
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  7448 Hits

Das Ende?

Euro-collapse
Almost four years after we voted to leave the European Union (EU), Boris Johnson delivered on his promise to 'GET BREXIT DONE'. Little did we know at the time (on 31st January 2020) that the year was going to bring its own woes, which are now threatening to bring down the European dream of unity, solidarity, and borderless territory. In addition to...
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  3392 Hits

The Government Split Over Free Trade Deals - Cabinet Fear of a BRINO Coup

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Originally published in The Critic by David Scullion https://thecritic.co.uk/the-government-split-over-free-trade/  The Government is committed to signing Free Trade deals. The Conservative Party's 2019 manifesto said as much, and added: "Our trade deals will not only be free but fair". The UK has just started trade talks with the United ...
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  3645 Hits

Cecil Parkinson: Maggie's Political Soulmate

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During these awful and bleak times, I felt it would be the perfect opportunity to take a closer look to the careers of some political giants who don't get the recognition or remembrance they deserve. One of my greatest interests is political history and every Friday I shall publish an article outlining the career and some interesting facts about so...
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  8920 Hits

Prof. Tim Congdon: 2020 Could See the Highest Peacetime US Money Growth

Prof-Congdon
​Institute of International Monetary Research Analysis Professor Tim Congdon CBE is a member of The Bruges Group Academic Advisory Council  A lot of interest has been drawn from my recent emails to my fellow macroeconomists and monetary analysts where I pointed out that bank deposits at US commercial banks soared in the fortnight to ...
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  3888 Hits

Sir Keith Joseph: The Architect of Thatcherism

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During these awful and bleak times, I felt it would be the perfect opportunity to take a closer look to the careers of some political giants who don't get the recognition or remembrance they deserve. One of my greatest interests is political history and every Friday I shall publish an article outlining the career and some interesting facts about so...
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  13409 Hits

There's No Need For a Brexit Extension

David-Frost-and-Michel-Barnier
First of all, may I say congratulations to Boris Johnson and Carrie Symonds who announced the birth of a healthy baby boy this morning, just after 10 am.  It emerged last week that Britain would neither apply for, nor accept an extension, if offered, to the Brexit transition period from the EU. In his briefings, Chancellor Rishi Sunak set the ...
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  7960 Hits

How COVID-19 has Brought out the Worst in Some People

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The internet is full of conspiracy theories about the pandemic and blame aimed at shadowy elites, bankers, secret societies, national leaders and so on, all based on the political prejudices of those formulating or sharing the theories as if fact. These are a not very amusing distraction from lockdown, pictures of kittens, today's lunch, or even po...
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  3332 Hits

Sir Ian MacGregor: The Implementer of Thatcherism

Sir-Ian-MacGregor-and-Margaret-Thatcher
During these awful and bleak times, I felt it would be the perfect opportunity to take a closer look to the careers of some political giants who don't get the recognition or remembrance they deserve. One of my greatest interests is political history and every Friday I shall publish an article outlining the career and some interesting facts about so...
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  6922 Hits

In Remembrance of Our Greatest Peacetime Leader Margaret Thatcher: 13th October 1925 - 8th April 2013

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Margaret Thatcher's Bruges Speech, 1988 on The Bruges Group YouTube channel https://www.youtube.com/watch?v=rqv8HF84EOs Today marks the death of our greatest peacetime leader, Margaret Thatcher, a woman who defined British politics for more than a generation. Elected as the first female leader of any major political party in the UK in 1975, su...
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  8034 Hits

The Deep Cultural Fault-line that is Preventing the European Continent's Political Union

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This is a letter to an old friend from my undergraduate days, who went on to be a distinguished economist, describing the EU situation today. I am publishing this letter today, nine years after I first wrote it, just after receiving the news of the anger in Southern Eurozone countries against Northern Eurozone countries, when the latter showed unwi...
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  3143 Hits

A People's Budget By a People's Government

Rishi-Sunak
Last Wednesday, the Chancellor of the Exchequer, Rishi Sunak, celebrated 28 days in Number 11, following Sajid Javid's resignation, by presenting his budget to the House. This budget delivered by the Richmond MP is arguably the most favourable budget since the days of Nigel Lawson standing at the dispatch box outlining his financial forecasts and s...
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  3750 Hits

COVID-19: The Death Knell of the EU?

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If I had to attribute my entry onto the political stage to any individuals, it would be Mark Carney, George Osborne and Theresa May. Not because I was inspired by any of them but as a result, in the case Mrs. May, of her total ineptitude over Brexit and, in the case of the first two, the inordinate amount of nonsense they spouted in the run-up to a...
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  4590 Hits

Ben Habib: The Brexit Barometer

Ben-Habib
I would like to share with you the speech and presentation I made at The Bruges Group annual conference in London on the 7th March. Whilst the UK officially left the EU on 31 January, it remains in its Single Market [paying some £1 billion (net) a month], its Customs Union and subject to the supremacy of the Court of Justice of the EU (CJ...
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  4313 Hits

Post-Brexit Britain Will be a Success Story: Professor Tim Congdon CBE

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​Following the speeches of Mark Francois MP and Andrea Jenkyns MP, we are delighted to publish Professor Tim Congdon CBE's presentation to the Bruges Group annual conference on March 7th 2020.  The Demographic Fate of Nations Women need to have 2.1 children on average in order to replace the current generation. Suppose that they have less than...
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What are the Benefits of Installment Loans Online?

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Most loans that you'll use or find nowadays are what are known as installment loans. These loans are loans that you pay back in installments, hence the name. They typically have interest associated with them, and you can work to pay them back based on a pay schedule. Nowadays, you can get installment loans on the web without a lot of problems. But,...
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Investing After Brexit: Is Bitcoin Your Best Hope?

Bitcoin
Brexit is finally underway. By January 2021, the UK will be in a new position to help redefine itself in the world of global trading. Hopefully, it's going to put the country in a far more flexible economic environment. Free from the shackles of EU trading coffers, exciting times lie ahead, not only for businesses and their owners but for everyday ...
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5 Things to Look For with a Secured Loan

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A secured loan can come in a number of different forms, all of which have different loan terms as well as differing APRs. Therefore, it is important that you conduct your research and compare prices at differing points as this will help you to save money in the long term. It is also important to read the fine print during this time, as a low APR do...
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The Facts About Brexit

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Authors: Ethan Thoburn, Charles Wynne and Luke Alsford  There are plenty of people talking about no deal Brexit at the moment and with Boris Johnson looking ever more likely to deliver that, we at The Bruges Group thought we would put together sort of a fact sheet on No Deal and how it won't leave us on a so called cliff edge as lots of the me...
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The Brexit Speeches

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PDF to Full Speeches   The following article and above PDF are speeches by Richard Tice MEP for the Brexit Party and also property businessman; Swedish-British billionaire businessman Johan Eliasch who is CEO of sportswear giant Head; Sir John Nott the former Secretary of State for Trade and Industry then Defence under Margaret Thatcher; ...
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Guest — Peter Railton
An excellent series that identifies the real mirage of European integration, but can't we also refer to the demolition of our Moto... Read More
Saturday, 27 July 2019 12:26
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The Swiss Stand Firm Against the EU Bureaucracy

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Switzerland and the European Union have begun open financial war with each other as the EU tries to force the country to sign the proposed Framework Agreement covering all aspects of the country's relations with the EU. The EU has been forced into a hardball approach to Switzerland because with Brexit still unresolved it cannot afford to be weak. I...
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Why we Should be Focusing on AI post-Brexit

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​Artificial Intelligence is certainly an area of focus post Brexit, the sector of AI was worth around $1.2 trillion as of around 2018 with predictions from Zdnet.com estimating the growth of the AI business values to around $3.9 trillion by 2022, that's a huge amount for any sector; this roughly equates to a forecasted prediction of just over £3 tr...
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United States of Europe

The EU is not a market, it is a political project of becoming a single European state, the United States of Europe, as the powers-that-be in the EU have always wanted it to become. The three founding fathers of European union all called for a single European state. Konrad Adenauer said, "My dream is that one day we might be able to applaud a United...
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Recent Comments
Guest — Susan Wallace
BEING EUROPEAN v BEING AN EU CITIZEN video - 12 minutes 36 seconds https://www.youtube.com/watch?v=jmscbGPrkRM + ***Guy Verhofstad... Read More
Saturday, 23 February 2019 12:49
Guest — John Scutter
Will Podmore is deluding himself if he thinks voting LEAVE has saved us. The deal proposed by May will shackle us to the EU forev... Read More
Monday, 25 February 2019 21:23
Guest — ROBERT PALACHE
‘EUROPHILIA ETERNAL!’ A SHORT STORY ABOUT THE GLORIOUS EU: ‘Our Parliament, Fergus,’ said the Pole, sniggering, ‘is the veritabl... Read More
Tuesday, 26 February 2019 16:21
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Dragi doesn’t understand how the bond markets are dangerous

Author:CATHERINE BLAIKLOCK Would you like to lend to the German government and get paid a grand total of 0.43% a year for 10 years? Or how about lending to the French government and getting 0.73% or to the Spanish government at 1.35%? An annual yield of 1.35% a year, lending to Spain and you are invested for 10 years. Doesn't sound very good, does ...
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Rest Assured: There Will Be a Brexit Trade Agreement

​Bruges Group director Robert Oulds assured the possibility of a Brexit trade agreement in an interview with Jeremy Naylor on IG.com.  It was one of the many issues discussed during last Friday's broadcast. Topics ranged from the cost of other trade agreements, need for deregulation, lower taxes, and passporting rights.  The term "hard Br...
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​Passporting: Concerns & Realities

The crown of UK is its financial services sector: buying and selling across the EU and the world.  Now, fresh fears about the backbone industry of London are on the rise. EU's chief Brexit negotiator Michel Barnier announced last Monday that firms based in Britain will lose their "passporting" rights post Brexit.  A "passport" allows fina...
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Financial Services and Brexit

​Project Fear scaremongered more about financial services than anything else during the EU referendum campaign and this scaremongering has unfortunately continued after the Brexit vote. Remoaners and soft Brexiteers (those who want us to remain members of the European single market after Brexit) now tell us that the reason why there was not an imme...
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Protecting the City of London After Brexit

For the City of London membership of the European Union is a double-edged sword. Here the Bruges Group explains how this important industry can thrive after Britain leaves the EU.

30th November 2016
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Coming with EU membership is, for what it is worth, full access to the single market in services. Whilst this market is far from complete; being part of it, also known as the European Economic Area, is one of the ways Britain can have full unencumbered and automatic access for the sale of services into the EU. This right, that does not require setting up a subsidiary in the EEA nor the need to gain authorisation from each single market state, is known as passporting.

 

The ability of British based financial institutions to trade with countries on the continent is clearly a great benefit to the economy. At the same time, the EU’s reticence at making trade agreements, an exclusive EU competence, with emerging markets around the world that include access to their services markets is holding the UK back. EU membership has meant that Britain could not make agreements that allowed our great strength, the services industry, to fully engage with other markets around the world. Instead of looking at the enormous opportunities that Brexit presents, the debate so far has focused on the risks of losing access to the EU’s single market.


 

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