Regaining full independence will help the United Kingdom stay sheltered from a Eurozone financial crisis, senior Brexiteers have said.
Speaking as they launched a new cross-party think tank, Owen Patterson the former Conservative cabinet minister, and John Longworth, the ex-Brexit Party MEP, said that the United Kingdom would be in a much strong position to recover from a slump if the Brexit transition period ends on schedule at the end of December.
Suggesting that the coronavirus pandemic would “cause multiple pits of bad debt to deepen in Southern Europe”, Mr Longworth said: “It is not in our interest to see a precipitous collapse. We must, however, put as much distance between us and the Eurozone as possible – it would not be wise to be in the same room with an explosion.”
Mr Paterson, the former environment secretary, who will chair the new body, continued: “The period of recovery could be long, but the countries which emerge the strongest will be those which can manage their own laws and affairs to suit their own circumstances.”
The new think tank is intending to produce papers setting out “critical policy changes” that could be introduced as a result of Brexit and to ensure that the UK fully “takes back control”.
The European Commission is pressing ahead with a demand for the UK to commit to remaining signed up to the European Convention on Human Rights and keeping the Human Rights Act in place, after the country become fully independent from the political and trading bloc.
The EU’s draft proposed trade agreement with the UK states that all cooperation on law enforcement would be suspended if the UK leaves the ECHR, repeals the Human Rights Act, or changes the legislation in a way that reduces “the extent to which individuals can rely” on the ECHR in British courts.
The clause sets Brussels up for a further clash with Downing Street, which has insisted it is committed to the ECHR, but said that no “additional binding international legal commitment” to the charter is necessary.
A Downing Street spokesman has said: “How the UK gives effect to its long-standing strong human rights protections is a matter for the UK as an autonomous country.”
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