Somebody called Radomir Tylecote has written an article for The Telegraph (see it HERE) with such a cock-eyed take on a no deal Brexit one fears for his mental health. He says in the title that a "No deal Brexit could be the deal-making opportunity of a generation". Mr Tylecote is completely alone I think in believing not only that no deal won't damage us (a few nutjob economists actually do think like this) but that it is "in fact an immediate and great opportunity" and "a bumper economic opportunity".
This is like assuring somebody about to leap off Beachy Head that not only will they emerge from the experience uninjured, but that it will be a boon to their health, cure them of any and every ailment they have and extend their lives significantly.
He goes on, "It is also important to understand how 'no deal' really just means no deal with the EU now, but every opportunity of a UK-EU FTA later: so the words no deal are themselves misleading, a deal being perfectly possible when Britain releases itself from the EU’s well attested use of the ticking clock. It also means the immediate benefits of moving to WTO terms, with deeper access to the world’s fastest growing markets, especially for our services, including through agreements like the Trans-Pacific Partnership.
He goes on, "It is also important to understand how 'no deal' really just means no deal with the EU now, but every opportunity of a UK-EU FTA later: so the words no deal are themselves misleading, a deal being perfectly possible when Britain releases itself from the EU’s well attested use of the ticking clock. It also means the immediate benefits of moving to WTO terms, with deeper access to the world’s fastest growing markets, especially for our services, including through agreements like the Trans-Pacific Partnership.
I really don't see what the 'immediate benefits' are of moving to WTO terms since we have these already - where we do not have better terms under a free trade agreement or a multi-lateral or bi-lateral agreement. As far as I know there is nothing in EU law to prevent any UK exporter of services doing business under WTO terms (or better) with anyone in the world, so what benefits we would get outside the EU is not at all clear to me.
If I research Radomir I find he works for the Institute of Economic Affairs (IEA) and has worked at the Legatum Institute. He has written for The Telegraph before and is one of those bright young men who are highly qualified but don't actually know very much. The IEA is one of those shadowy, non-political, political think tanks that operate out of 55 Tufton Street with a revolving door between many of them and the Conservative party. The IEA does not publish their donors so nobody knows who is paying pipers like Radomir - it could be Putin for all we know.
His claim to fame is that The Treasury once suspended him while he was employed at another consultancy, Behavioral Insights, for writing an anti-EU book with Bill Cash (HERE).
Balanced he isn't. Either in his political views or his state of mind, in my opinion.
His claim to fame is that The Treasury once suspended him while he was employed at another consultancy, Behavioral Insights, for writing an anti-EU book with Bill Cash (HERE).
Balanced he isn't. Either in his political views or his state of mind, in my opinion.
