Brexit

BREXIT Benefits 

We now have democratic control over our own law making

1440 EU based financial services companies have applied for licences to open in UK 

Removing the EU’s ‘Vnuk’ motor insurance law to prevent increased premiums for GB motorists

Wages especially for low paid in hospitality, driving and care have all risen 

We have 1.2 million job vacancies

We can now trade Swiss Equities which generates significant tax income for HMRC

We no longer allow transport of live animals for slaughter 

Four Fifths of all tariffs on non EU goods bought by UK shoppers were paid to Brussels that 80% now goes to HMRC 

Restored the UK Supreme Court as the final arbiter of the law that applies in the UK

Made it tougher for EU criminals to enter the UK. EU nationals sentenced to a year or more in jail will now be refused entry to the UK

Restored fair access to our welfare system. We ended the preferential treatment of EU migrants over non-EU migrants, ensuring that wherever people are born, those who choose to make the UK their home pay into the system for a reasonable period of time before they can access the benefits of it

Set our own tariff regime via the UK Global Tariff. Our new UK Global Tariff is more tailored to the needs of the UK economy and denominated in pounds, not euros. We streamlined and simplified nearly 6,000 tariff lines, lowering costs for businesses by reducing administrative burdens, scrapped thousands of unnecessary tariff variations on products and expanded tariff-free trade by eliminating tariffs on a wide range of products

Given UK regulators the ability and the resources to make sovereign decisions about globally significant mergers. Decisions about globally significant mergers and acquisitions are now made by the UK’s Competition and Markets Authority, giving it the ability to block or remedy mergers it considers will harm UK consumers

No longer paying EU Budget contributions

Establishing our own subsidy regime to support British businesses and innovation. We will have greater freedom to design subsidies which deliver both local and national objectives

Reforming and simplifying our public procurement rules so that the public sector can buy more local goods and services

Back in control of our own VAT rates

Reforming our alcohol duties. Our new alcohol duties will be simpler for businesses, with a simplified administrative regime, extend small producer reliefs, enhance the UK alcohol industry and reduce taxes for consumers on many products.

Reducing domestic air passenger duty. Flights between airports in England, Wales, Scotland and Northern Ireland will see a 50% reduction in air passenger duty in 2023–24

Setting out a new UK pro-competition regime for digital markets

Developing our distinctive, pro-innovation approach to artificial intelligence regulation. Our national AI Strategy sets out a ten-year plan to make Britain a global AI superpower

Simplifying the reporting burdens for small and medium companies

Reforming our data laws and setting a new direction for data regulation

Reforming EU financial services regulations

Reforming the Solvency II rules to ensure the safety and soundness of insurers and to protect policyholders

Repealing the EU Port Services Regulation

Committed to a robust regulatory system for the control of chemicals

Providing life-changing experiences and opportunities in education and training across the world through the Turing Scheme

Improving the education of our children by allowing aspiring teachers from all around the world to earn Qualified Teacher Status in the UK

Ending the abhorrent, cruel practice of puppy smuggling and low-welfare pet imports

Retaken our seat at the World Trade Organization as an independent trading nation

Established a strategic partnership with Australia and the USA (AUKUS). This new partnership will protect our people, strengthen our alliances with like- minded allies, deepen our ties in the Indo-Pacific. Its first initiative is collaboration on future nuclear-powered submarines for the Royal Australian Navy.

Agreed more ambitious provisions for digital trade. The UK is agreeing ground-breaking digital provisions in new trade deals, including in our trade deal with Japan and the Digital Economy Agreement we have agreed with Singapore. We are leading on tackling protectionism in online trade internationally, to the benefit of UK businesses and consumers. Advancing digital trade could also help to boost wages in the UK, with employees in the digital sector earning around 50% more than the UK average.