Vaccination rates in the UK (Image: Express)
“So why is the government so reluctant to set out a clear roadmap for our independent economic future?”
One prime example of the EU’s red tape problems had been uncovered this week following a recent study by the Association of British Insurers, Mrs Ayde pointed out.
This indicated there was is potential for the removal of EU regulation forcing insurance companies to keep vast amounts of money locked in ultra-low risk assets.
UK coronavirus map (Image: Express)
She said: “Apparently, by removing the regulation, it would pave the way for £95 billion in investment throughout the UK, while having no detrimental impact to policyholders.”
RIGHT now, Covid notwithstanding the Government is totally lacking in urgency when it comes to taking action on crucial issues which pose an even greater threat to the future of this country.
| UPDATED: 19:15, Mon, Feb 8, 2021
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At the end of January, Chancellor of the Exchequer Rishi Sunak hailed the potential for a Big Bang 2.0 in the City of London after Brexit as he hinted that the Government is ready to slash red tape. The Chancellor raised the prospect of a Margaret Thatcher-style surge for the City. He stressed that while equivalence and other elements were important, his main focus would be to make sure the Square Mile remains the most dynamic place to do financial services anywhere in the world
Spend spend spend! Rishi has to splash the cash in the Rad Wall areas says Jayne Adye (Image: Getty)
If the Government really means what has been said, it is now time to take action to get this country back on its feet to allow us to thrive on the global stage. It’s time for the spending taps to be turned on and bloated regulations to be cut down to size.
A prime example of one of the opportunities now available to us is the issue of Freeports, which the Government placed front and centre of its plans for reinvigorating the country in their 2019 General Election Manifesto.
Something fishy? Jayne Adye says Brexit smallprint hands back power to Brussels (Image: Getty)
There was a clear collapse of the UK’s ‘Red Line’ on fishing and a new unsettling five-and-a-half-year Transition Period has been created for the fishing industry. Already our shellfish exports are being effected due to new regulations.
While it might be reasonable to allow some time for the handover of fish stocks to take place and time to rebuild the UK’s fishing industry, the most concerning part of this section of the Deal is the subsequent renegotiation which will happen at the end of this new Transition Period.