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by threeseed
2322 days ago
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Actually Johnson isn't going to be focused on reduced regulation. He will be focused on regulatory alignment with the US as he desperately needs to sign a US-UK FTA. And yes the US has a lot less regulations than the EU e.g. chlorinated chicken but in other areas it is not less but just different. UK businesses are going to find the next decade extremely painful as they deal with trying to support US and EU regulations whilst also dealing with customs controls at the border. So all of the pain with none of the benefits. |
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This seems over-board.
Firstly, like in every country, most UK businesses don't sell abroad at all. So no, most businesses aren't going to find the next decade any different to the previous.
Secondly, businesses that wanted to sell into both EU and US markets already had two sets of regulations to deal with and would have done no matter what. That is no different to what it was before either.
Finally, businesses have been dealing with customs controls at the border for as long as international business has existed. That's hardly a big deal either.
He will be focused on regulatory alignment with the US as he desperately needs to sign a US-UK FTA.
No he doesn't. Plenty of countries around the world have perfectly fine economies and growth despite having no FTA in place with either the USA nor EU. It's nice to have but not essential for anything.
Now, "regulatory alignment" doesn't have to mean adopting the exact same rules as the USA. That's the EU's approach but it's often not the best approach. A simpler way to gain the same benefits in most cases is just regulatory recognition. In cases where there's no actual fundamental disagreement between systems, but actually unifying them is unwanted for reasons of political independence (i.e. retaining the ability to fundamentally disagree in future) both countries can simply choose to accept products that comply with each other's sets of laws.
The EU freaks out about this approach because the goal of the EU is not to make business easier but to unify Europe into a single country, and abolish the existing ones. Obviously to do that mutual recognition of standards is useless. Only obedience to a centrally controlled set of regulations will do the job. A lot of people in the UK have spent so many years under the thumb of this system that they find it hard to conceive of any other way.