Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

David Davis: Brexit has not produced  ‘major’ economic benefits

David Davis: Brexit has not produced ‘major’ economic benefits

The former Brexit Secretary blames Covid for failure of leaving the EU to deliver economic benefits to the UK
David Davis has has admitted that Brexit has not delivered any ‘major’ economic benefits six years on from the vote to leave the EU.

The former Brexit secretary, who championed the case of leaving the EU to boost the economy, blamed the impact of Covid for the lack of postive results.

He admitted: “We haven’t seen any economic benefit for having left the EU ... No major ones.”

The Tory backbencher instead claimed here had been “minor ones” such as the UK beginning delivery of Covid vaccines in 2020 before the rest of Europe.

Mr Davis contined: “There’ll be more of that. You will see our medical based industries and our software based industries grow significantly.”

Speaking to Times Radio, he added: “Just easing our way out of a Covid crisis, you can’t make any sensible economic measures at the moment.”

Mr Davis said he agreed with prime minister Rishi Sunak in insisting the head of the CBI, Tony Danker, is “wrong” to believe looser immigration rules would help rescue the economy.

The prime minister previously asked about the possibility of a Swiss style relationship with the UK with closer economic ties to the UK: “Let me be unequivocal about this. Under my leadership, the UK will not pursue any relationship with Europe that relies on alignment with EU laws.”

The CBI has pointed to a lack of workers as a key reason for its warning that last week’s autumn statement had no plan for growth.

Speaking at the Confederation of British Industry (CBI) annual conference in Birmingham, Mr Sunak said on Monday he wished to be “unequivocal” that the UK “will not pursue any relationship with Europe that relies on alignment with EU laws” under his stewardship.

“I voted for Brexit, I believe in Brexit and I know that Brexit can deliver, and is already delivering, enormous benefits and opportunities for the country – migration being an immediate one where we have proper control of our borders and are able to have a conversation with the country about the type of migration that we want and need,” he said.

“We weren’t able to do that inside the European Union, at least now we are in control of it.

“When it comes to trade, it means that we can open up our country to the world’s fastest-growing markets.

“I’ve just got back from the G20 in Indonesia, we’re talking about signing CPTPP, where we’ve got some of the most exciting, fastest-growing economies in the world and we can become a part of that trading bloc, that’s a fantastic opportunity for the UK.”

He said the UK could also have “regulatory regimes that are fit for the future that ensure that this country can be leaders in those industries that are going to create the jobs and the growth of the future”.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
×