Brexit: EU regulations create 'burden on business' says Habib
During the latest episode of Brexit Unlocked, Ben Habib outlined why the UK not giving into the European Union’s demand for a level playing field is crucial to the future of UK businesses. He added that the EU fears Britain becoming a Singapore on the Thames.
Mr Habib said: “The EU is a political animal and like all political organisms, it wishes to entrench power in itself.
“It does that through its very vast web of regulatory pronouncements and laws that it creates.
“All these regulations that they pass create a burden on businesses.
“For every regulation that businesses must adhere to there is an associated cost, all these regulations burden down businesses.”
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He added: “Now that’s fine when you have a good economic climate and you wish to direct businesses in a particular social direction.
“But we just had the mother of all recessions, the biggest recession in 300 years.
“We need the right as a sovereign state to deregulate those parts of our country which are required to be deregulated, those parts of our businesses, our commercial landscape, our industry so that we can do what’s right for the United Kingdom.
“We must put Great Britain and Northern Ireland’s interests first and do what’s right for us, not be burdened by this level playing field that will hamstring us and prevent us from being able to act as a sovereign competitive country.
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“The EU fears us becoming a Singapore on Thames, and that therefore, if I were Prime Minister is precisely what I would aim to be.”
Mr Habib also questioned if there is enough time left to get a potential Brexit trade deal with the EU through Parliament.
He said: “This is getting remarkably close to the wire now.
“I think we’ve got sort of eight days of parliamentary time left before the end of the year.
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“So how we get all of this done in time for December 31 is going to be really interesting to me.”
On Saturday, Boris Johnson and Ursula von der Leyen issued a joint statement revealing they had agreed to undertake further negotiations on a post-Brexit trade deal.
The statement stated: “Significant differences remain on three critical issues: level playing field, governance and fisheries.
“Both sides underlined that no agreement is feasible if these issues are not resolved.
“Whilst recognising the seriousness of these differences, we agreed that a further effort should be undertaken by our negotiating teams to assess whether they can be resolved.”
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