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Brexit news: Boris Johnson urged to use EU exit to set “global standards” | United Kingdom | New




The recommendation came from a report produced by the Task Force on Innovation, Growth and Regulatory Reform. This was established by Mr Johnson in February to study how Brexit could strengthen regulatory freedom.

The report was produced by former Conservative leader Sir Iain Duncan Smith and former ministers Theresa Villiers and George Freeman.

He argued that Britain after Brexit needs a “clear regulatory framework” to encourage investment in the UK.

The three MEPs said: ‘The UK’s leadership in setting standards is a key part of our global competitiveness.

“History shows that leadership in setting standards can play an important role in establishing international leadership.

“One example is the UK’s leadership in maritime law and maritime insurance, which left us the world headquarters for maritime law long after we ceased to be a great shipbuilding nation. “

They continued: “The existence of a clear regulatory framework for a new sector is often an essential precondition for investment.

“As we show in the report, a lack of clarity and regulatory risk are holding back investments in areas such as space, digital health, ‘mobility as a service’ and autonomous vehicles.”

Britain officially left the EU in January 2020, following several delays caused by parliamentary opposition.

READ MORE: Math question divides internet because no one can agree on the correct answer

Sir Iain, Mrs Villiers and Mr Freeman argue that we should build on Britain’s long history as a leader in regulation.

They said: “The UK has been a world leader in standard setting for over 100 years, with the British Standards Institute (BSI) established in 1901, the world’s first national standards body.

“The BSI Kitemark, first registered in 1903, has become one of the world’s most recognized consumer quality marks, and the oldest kitemark has been around since 1945.

“Many of these standards, first developed in the UK, are now internationally recognized. “

Britain is currently in a diplomatic dispute with Brussels over the status of Northern Ireland.

Under Mr Johnson’s deal, some customs checks now take place between Northern Ireland and Britain.

However, this infuriated trade unionists and the government is asking for more flexibility from the EU.

Mr Johnson welcomed the new report in a letter to the three MPs.

He commented: “It is evident that UK innovators and entrepreneurs can lead the world in the economy of the future, creating new opportunities and greater prosperity along the way, and leveling our whole. countries in the process.

“But your report is equally clear that whether it be in data reform or clinical trials, offshore wind or autonomous vehicles, this can only happen if we work our way through the thicket of regulations. heavy and restrictive that have developed around our industries over the past half century.

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