The Rt. Hon Viscount Ridley, The House of Lords reflects on Brexit and where the UK's relationship with the UK can go from here.
Britain's future in the European Union has faced continuous scrutiny since the referendum was proposed in 2013. Many are sceptical as to whether the UK would continue to thrive without the blanket of EU membership. Others use the success stories of Switzerland, Iceland and Norway in their arguments for Britain thriving outside the EU. Presenting arguments in support of Brexit, Eurosceptics offer a strong case: Britain could have more international influence, create more trade and jobs, and regain sovereignty over its own laws and borders. They also believe that under the Free Trade option, the UK could become a leader in international free trade by adopting zero tariffs on all imports, operating under World Trade Organisation (WTO) rules. Finally they argue that we could be the largest zero tariff economy in the world. This would mean that Britain’s relationship with the EU would be the same as with other major trading nations, such as the US, China, and Japan, with which we could have bilateral trade treaties. According to Eurosceptics, in practice we would be even better placed, for the UK could unilaterally abolish its import tariffs to the whole world (including EU members), thus reducing import costs.
Viscount Ridley is a British journalist who has written several popular science books. He is also a businessman and a Conservative member of the House of Lords. Ridley is best known for his writings on science, the environment, and economics. He has written several science books including The Red Queen: Sex and the Evolution of Human Nature (1994), Genome (1999), The Rational Optimist: How Prosperity Evolves (2010) and The Evolution of Everything: How Ideas Emerge (2015). Ridley was also chairman of the UK bank Northern Rock from 2004 to 2007.