Precautionary Principles

“Cut the EU red tape choking Britain after Brexit to set the country free” – The Telegraph

The EU (Withdrawal) Bill is currently moving through Parliament. The purpose of this bill is to transfer the laws currently governed by the EU into UK law so that there are no breaks or holes in legal competence once Brexit happens. Of course, there are also opportunities to make changes, big and small, to the laws being transfered as they come in and when something of this size comes through there is precious little time for detailed oversight of the process and the opportunity for some of these changes to fit ideological ends can become irresistible.

For example, last night Labour put up an amendment which would have ensured that the EU’s “precautionary principle” over environmental legislation would be protected and the Tories voted is down 313-297.

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This represents the clearest sign yet that the Tories are planning a post-Brexit regulatory slash-and-burn.

It’s important to consider just what the precautionary principle is and why it is important.

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Affording It

“Britain is not Great. Britain is Weird”

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The Usher Hall voting >90% in favour of Scotland adopting its own independent currency.

On the 4th of November I spoke at the Scottish Independence Convention’s Building Bridges to Independence conference. As with my SIC talk in January, it fell to me to be the one with the graphs and statistics – this time on the topic of public finances and the impact of independence on Scotland’s budget.

The livestream of my talk can be viewed thanks to Independence Live and is the first talk in this segment.

Below the fold are copies of my slides with comments drawn from my talk and references to the points made. The slides can also be downloaded here.

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SIC Build Conference Slides

Edit: This blog post has been expanded with commentary and references in addtion to the slides. You can read that version here.

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This post is for folk attending the SIC Build 2 Conference.

If you want a closer look at the slides which go with my talk, you can download themĀ here.

I also make extensive reference to my Beyond GERS paper which can be downloaded here.

All of the slides are also reprinted in sequence below the fold

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Scotland’s National Bank

The Croatian National Bank shall be the central bank of the Republic of Croatia.
The Croatian National Bank shall be autonomous and independent, and shall report on its work to the Croatian Parliament.
The Croatian National Bank shall be managed and its operations shall be conducted by the Governor of the Croatian National Bank.
The organisation, purpose, tasks and remit of the Croatian National Bank shall be governed by law.
Article 53, The Constitution of the Republic of Croatia.

Today sees the launch of my latest contribution to the Common Weal White Paper Project on the very important topic of Central Banking in an independent Scotland.

It has received a front page splash in The National which can be read here alongside a summary by me here.

And the paper itself can be downloaded here or by clicking the image below.

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If, as I hope we should, Scotland uses the opportunity of independence to launch our own sovereign currency then one of the departments of government that we’ll need to set up is our own Central Bank. This paper outlines the principles that we’ll need to examine and follow as we design that bank.

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