Simplifying, Eliminating Regulatory Burden is Key to Success of Future UK
WASHINGTON, April 9 – Competitive Enterprise Institute’s Vice President for Strategy, Iain Murray, and co-author, Rory Broomfield, Deputy Director of The Freedom Association and Director of Better Off Out, won second place at the Institute for Economic Affair’s (IEA) “Brexit Prize” competition in London today. Launched in 2013, the competition solicits proposals for an exit plan to extract the United Kingdom from the European Union.
“It was a huge honor to receive the second prize in the IEA’s “Brexit” competition about what Britain should do if it left the European Union," said Murray.
"My co-author Rory Broomfield, Director of the Freedom Association, and I were concerned primarily with presenting the right institutional framework. To that end we floated ideas like a regulatory reduction commission, modeled on the successful US BRAC commission, a property rights-based catch shares program for British fisheries, and expansion of shale gas along the American model. We are proud to have injected these ideas into the British and European debate and look forward to further international discussion about ideas like this.”
Murray and Broomsfeld were one of six finalists in the competition. The top prize of €100,000 was awarded to Iain Mansfield, the Director of Trade and Investment at the United Kingdom’s embassy in the Philippines.
About the Brexit Prize: The Brexit Prize was launched in July 2013 to improve the debate about what an independent Britain would and could look like outside the EU, given that exit is an increasing possibility after the next election. Entrants were asked to imagine a referendum has resulted in an “Out” vote and Her Majesty’s Government has triggered Article 50 of the Lisbon Treaty, and invited to compose a Blueprint for Britain outside the EU, covering the process of withdrawal and the post-exit repositioning of the UK in the global trading and governance systems. First prize is €100,000, second prize is €10,000 and third prize is €5,000.
About the Institute of Economic Affairs (IEA): The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analyzing and expounding the role of markets in solving economic and social problems.
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