How Britain Should Move Forward With Respect For Its New...

Brexit – How Britain Should Move Forward with Respect to its New Independence from the European Union On August 24th, 2016 at the Heritage Foundation, a panel of speakers discussed the next steps on the road to Britain’s Independence from the European Union. The panel included Iain Murray, Vice President for Strategy at the Competitive Enterprise Institute and co-author of Cutting the Gordian Knot: A Road Map for British Exit from the European Union, Rory Broomfield, Director at the Freedom Association and the Better Off Out campaign and co-author of Cutting the Gordian Knot: A Road Map for British Exit from the European Union, Marian L. Tupy, Senior Policy Analyst at Center for Global Liberty and Prosperity, Cato Institute, and Victoria†¦show more content†¦According to Bromund, the Brexit vote was a landmark in Britain’s ability to regain its sovereignty and regulate its own domestic and foreign policies. Iain Murray began by explaining that the laws and regulations of the EU constitute a knot, one that the British must untangle itself from. According to Murray, Brexit could prove to be a disaster depending on how the British government chooses to move forward. He stated that for Brexit to be a success, the new British government must set out the vision of an open and welcoming UK, which means open trade and markets with the entire world. The British Government must invoke Article 50 of the Treaty of the European Union as a matter of adherence to international law, which will begin negotiations between the UK and the European Council regarding the withdrawal. Murray remarked that these negotiations will include the phasing out of the application of EU programs to the UK, the status of trade arrangements with third parties, and the status of UK and EU nationals resident in the other jurisdictions. Domestically, he suggested repealing undesirable EU laws and regulations, while keeping t he regulations of value. Murray proposed a Royal Commission on Regulatory Reduction with the targets of reducing EU generated regulation by 25%, suspecting it could reduce regulations significantly within five years of Brexit. He signified that the UK cannot apply for membership to the EEA because it brings with it a significant