I am sympathetic towards Best for Britain, a campaigning group that seeks closer ties with the EU and even membership in the long term, although those aims aren't made explicit on their website to avoid scaring the horses and upsetting Reform voters. They have commissioned a report by Frontier Economics that suggests we would see a boost to the UK economy of between 1% and 2.2% from what The Times say (HERE) is: "... alignment with Brussels’ regulations while staying within the prime minister’s stated red lines for the UK’s relationship reset with Europe." They claim it would enable the UK to recover between a quarter and a half of Brexit’s economic hit to GDP, which the OBR has calculated at -4% by 2030.
This is all well and good. But in reading the actual report instead of The Times' distillation of it, you quickly see that it defines regulatory alignment as "a comprehensive approach to mutual recognition by the UK and the EU of each other’s regulations, and a commitment to minimise regulatory divergence."
Mutual recognition of standards or equivalence is definitely a thing in the EU. But it’s a privilege reserved for Member States only for goods which have no harmonised standards. So, if a Bulgarian firm produces something which is regulated only at national level, that item is automatically accepted in all other 26 EU countries even if they have different rules. There is no way that the EU27 are going to accept UK or any third country standards and regulations as being equivalent to their own.
How can we be sure? Because this is what Mrs May proposed in 2018 that she referred to as a common rule book and which the EU Commission rejected. The whole thing is totally unworkable. We look like a teenager trying a ridiculous argument to circumvent a rule set by parents.
I noticed, incidentally, that in the face of Trump's erratic tariff threats, Canada is talking about the provinces aligning their standards to avoid the problem of having different regulations across the country. The US has the same issue but they still won't even consider national rules. We should never forget how unique, precious and forward looking the EU single market is.
The report has, I’m sure, been produced in good faith by a reputable outfit although it’s highly technical with a lot of maths in it and therefore hard for a layman to pick holes in it. But I’m afraid this idea that the EU will grant a third country the right to set EU regulations is a non-starter.
The US is headed for a crisis
NYT: “.. the first time a judge has expressly declared that the Trump White House was disobeying a judicial mandate.” @nytimes.com www.nytimes.com/2025/02/10/u...— Carl Quintanilla (@carlquintanilla.bsky.social) 10 February 2025 at 19:32