Mrs Thatchers single Market


Thatcher MemoirThe value of our nation remaining in the Customs Union and the Single Market offers some significant economic benefits. As the image above makes clear, coming from the memoirs of Margaret Thatcher, when she reflected on her creation of the single market arrangement, it was formed as much for management reasons as for economic. However our dependency on the single market and customs union is huge. It is clearly impossible to separate these out from the EU organisationally but nevertheless if our Government had handled the EU referendum very differently, after the vote on 23rd June they would then have explained to the nation that before we leave, we as a nation need to lay down some of the parameters for the Governments negotiation. It would then have been possible for businesses and economists to participate in explaining what they believe is the strengths and the weaknesses of the Customs Union and Single Market. It would also have been possible for the Irish issue to be discussed by people who are going to be impacted by it. None of that has happened and it is perfectly clear, as both Brexiteers and Remainers feel, the Government has handled our departure badly. However it is good to be reminded that the Single Market was of our making and not of the wider EU, whatever the views expressed by other people, unless of course Mrs Thatcher was lying in this account?

 

About ianchisnall

I am passionate about the need for public policies to be made accessible to everyone, especially those who want to improve the wellbeing of their communities. I am particularly interested in issues related to crime and policing as well as health services and strategic planning.
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