2014-04-10 13:31:04 -
Diplomat's winning entry will spark new interest on Britain's position in Europe and the coming referendum
A senior trade official in the British embassy in Manila has submitted a paper to a London based free market think tank which will give a boost to the anti-European Union (EU) campaigners such as the United Kingdom Independence Party (UKIP).
The paper is the winning entry in a competition organized by the Institute of Economic Affairs (IEA).
Iain Mansfeld, who is the Director of Trade and Investment at the UK embassy in the Philippines, won the €100,000 IEA Brexit Prize, with a paper on how Britain could survive if it left the EU, which is a possibility given that Premier Cameron has promised an
"In-Out" referendum on the subject if the Conservative party wins next years general election.
Mansfield is at pains to emphasize that his entry is in a personal capacity and does not represent the formal position of the British Embassy in Manila, the Foreign and Commonwealth Office or the British Government.
He lays out some important points, most of which go to show that the British economy would not suffer by leaving the EU, in fact mostly the paper shows the opposite with at least a £1.3bn increase in GDP.
Significantly fewer regulations, coupled with greater trade with emerging economies, could provide an overwhelmingly positive future outlook for an independent Britain.
The British Government is distancing itself from Mansfield's paper
A BIS (formerly the Department of Trade) spokesperson said: "Mr Mansfield entered the competition in a personal capacity and his views should not be taken as representative of the formal positions of BIS, FCO or HMG."
The submission, A Blueprint for Britain: Openness not Isolation, argues that the single highest economic priority in the event of a ‘no’ vote would be to ensure the maintenance of zero tariffs on trade between the UK and the EU in all areas apart from agriculture. It also strongly makes the case for the importance of an exit from the Single Market. Staying in would mean retaining almost all of the most onerous and controversial aspects of EU membership.
For the complete article, more photos and access to the winning paper, click the link below: