International Trade

Ukraine reinforces the case for the Integrated Review

Military commentators have been quick to co-opt the war in Ukraine to their particular cause. In many cases that cause is a retreat from the modernising agenda of the Government’s Integrated Review (IR) in light of Putin’s deployment of traditional armoured forces. Supplying oxygen to these arguments are those not previously cheer-leaders for military spending, such as Jeremy Hunt, who call for a great increase in the defence budget but do not specify on what and why. These arguments are intuitive and seductive; combined, they build a momentum. They are also wrong.  

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Rees-Mogg will need Johnson’s full backing if he’s to deliver regulatory reform

All domestic Covid restrictions in England will end today, marking an important milestone as we emerge from an exceptional period of crisis. The macro-economic response to the pandemic understandably focused on damage limitation and maintaining employment, which has had a significant impact on the public finances. The painstaking work of supply-side reform has either taken a backseat or simply been overtaken by events.

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A Global Maritime Power

The UK is one of the world’s leading maritime nations. As it leaves the European Union, Britain’s status as a leading economic and geo-political power depends upon the strength of its maritime industry. This paper, co-authored by former Transport Minister Nusrat Ghani MP, highlights the difficulties facing the maritime sector and shows how support for our ports, shipping companies, shipbuilders and others can play a central role in the delivery of Government priorities such as the levelling-up agenda, making a success of Brexit, encouraging international trade, and supporting clean growth.

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Theresa May responds to Lord Bew’s Backstop paper

In a Q and A after her speech in Belfast on how Brexit will affect Northern Ireland, the Prime Minister was asked about Lord Bew’s recent Policy Exchange paper, The Backstop Paralysis: A Way Out. Specifically, did she agree with his assessment that the UK Government has not challenged the Irish Government’s narrative on the Good Friday Agreement being under threat.

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International Trade Secretary visits Policy Exchange for a keynote speech

Rt Hon Liam Fox MP, Secretary of State for International Trade, visited Policy Exchange to deliver a keynote speech on free trade and the UK’s place in the world after its departure from the EU.

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Japan’s PM Shinzō Abe confirms Policy Exchange research

Japan would welcome Britain to the Comprehensive and Progressive Trans-Pacific Partnership trade deal “with open arms”, Prime Minister Shinzō Abe told the Financial Times. His remarks confirm Policy Exchange’s recent findings in Trading Tigers, which argued that “UK membership would be attractive to Japan in view of the substantial Japanese investment flows to the UK and the addition of a sizeable market.”

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Getting Over the Line: Solutions to the Irish border

Getting Over the Line: Solutions to the Irish border

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The Irish border is not the insoluble obstacle to Brexit negotiations that it has been made out to be and the UK can leave the single market and customs union while preserving a frictionless border in Ireland. This can be achieved by the use of new technology and in the context of a Free Trade Agreement between the UK and EU, in an arrangement that goes beyond the Customs Partnership and in no way threatens the Good Friday Agreement.

Global Champion: The case for unilateral free trade

Global Champion: The case for unilateral free trade

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In a major new study, Policy Exchange argues that as the UK leaves the EU, it should unilaterally abolish all tariffs. This would reduce UK consumers’ shopping bills, increase productivity and promote global prosperity. We can also disarm the threat of a ‘No Deal’ Brexit. In the Foreword, Australian High Commissioner to London Alexander Downer said: “Trade is not a zero-sum equation. In the decades ahead all major economies should remove their tariffs and open their markets to competition. As the UK once again takes its place at the WTO it should take the opportunity lead by example and remove its tariffs.”

Global Britain, Global Solutions: How British R&D can transform international development

Global Britain, Global Solutions: How British R&D can transform international development

This new Policy Exchange report, published today — written by Economic and Social Policy Research Fellow, Jonathan Dupont — recommends that the UK should double the proportion of its international aid budget spent on research and development, in order to solve the most pressing global challenges and support the Government’s Industrial Strategy. George Freeman MP, Chair of the Conservative Policy Forum, has written a Foreword for the report.

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Time for political game-playing over the Irish border to stop

Time for political game-playing over the Irish border to stop

Policy Exchange’s Senior Fellow on EU Affairs Ray Bassett – himself a former senior Irish diplomat – argues that ‘any hard border in the Irish Sea and North/South would hurt Ireland a lot more than it would Britain’ and that Ireland’s interests are more aligned with the UK than EU. Consequently, he says Dublin should drop its efforts to keep Northern Ireland in the Customs Union.

The return of the internationalists? Unpacking Labour’s position on foreign policy.

The return of the internationalists? Unpacking Labour’s position on foreign policy.

Last week, Chuka Umunna spoke to Chatham House in a much-needed intervention on the state of British foreign policy.

In recent years, the British foreign policy debate has not kept up with the pace of global political and economic change. For that reason alone, there was much to commend in Umunna’s sense of urgency. To adapt to the challenges of the twenty-first century, as he put it, “we need to look ahead and develop a proper national strategy on the basis of a clear understanding of what our interests are”.

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Watch the event in full here: policyexchange.org.u…