Professor of Industrial Economics, Nottingham University Business School. (views expressed are my own and do not reflect those of the University of Nottingham)
Joined August 2009
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David Paton retweeted
If you are in the EU, at least there is a case for the single market but even then there is a trade-off: benefit from easier trade with the EU; cost from the vast majority of firms who do not export to the EU still being subject to EU regulations.
I think the costs outweigh the benefits. Others may disagree which is fine.
However, re-joining the single market whilst not in the EU would mean giving power to our trading rivals unilaterally to decide what regulations they face when exporting to the UK.
It would be quite insane! I'm sure that won't stop some politicians pushing for it though.
David Paton retweeted
Brexit
Mario Draghi set out that in key areas of the future in particular as examples (AI/ Digital) the effective barriers within the EU’s Single Market were 45% for manufactured goods & 110% for Services! The UK is much better off outside the EU as a key country in the world for Services expertise!
If you are in the EU, at least there is a case for the single market but even then there is a trade-off: benefit from easier trade with the EU; cost from the vast majority of firms who do not export to the EU still being subject to EU regulations.
I think the costs outweigh the benefits. Others may disagree which is fine.
However, re-joining the single market whilst not in the EU would mean giving power to our trading rivals unilaterally to decide what regulations they face when exporting to the UK.
It would be quite insane! I'm sure that won't stop some politicians pushing for it though.
David Paton retweeted
Shortlist for #BJA2026 Specialist Journalism category. Delighted to be recognised alongside @DanNeidle @zoetidman @ShaymaBakht @Steve_Farrell_ @Lees_Martina @zoetidman @AaronWala @DalmeetS
David Paton retweeted
Five reasons why reopening the Brexit debate is a bad idea
1. It will reopen societal divisions that were largely settled*
Prior to Burnham's speech, ~ 12% of voters cited Brexit as a top 3 issue.
*Settled for most of the country, not for political elites & journalists!
...
David Paton retweeted
Is Burnham’s undo Brexit talk a dead cat - and if so, to distract us from what?
It makes no sense, economically, societally or politically….
This illustrates my point. Most of the country had moved on by & large.
But not extremist & influential remainer politicians like Osborne, Major, Burnham & more.
Now the rest of us are going to have to pay the price for their unwillingness to accept the 2016 referendum result.
David Paton retweeted
🎯👇
(I've been banging on about this for a while! Business investment has rebounded as Brexit uncertainty has eased, and few businesses think 'rejoin' should be a priority)
David Paton retweeted
Rejoining the EU might help Labour squeeze the Lib Dems - but it would also mean gutting Andy Burnham’s own policy agenda, from devolution to reindustrialisation to trade to regulation. My latest for @theipaper inews.co.uk/opinion/burnham-…
Five reasons why reopening the Brexit debate is a bad idea
1. It will reopen societal divisions that were largely settled*
Prior to Burnham's speech, ~ 12% of voters cited Brexit as a top 3 issue.
*Settled for most of the country, not for political elites & journalists!
...
...
5. It’s too soon since we left the EU
There was 43 years between the 1st & 2nd EU referendums.
6 years since leaving is not enough time to take advantage of Brexit benefits & to evaluate costs v benefits (especially given Covid dominated the first couple of years).
Links:
@julianHjessop graph (and plenty of other useful ones):
julianhjessop.substack.com/p…
@YouGov tracking data on 3 most important issues facing the UK: yougov.com/en-gb/trackers/th…
David Paton retweeted
The opposite of an "honest discussion" by @MayorofLondon
Reasonable to argue Brexit had a small net economic cost or benefit.
Suggesting it's been an unparalleled economic disaster like he does here, is not only wrong but grossly irresponsible.
nitter.cf/cricketwyvern/status/2…
The opposite of an "honest discussion" by @MayorofLondon
Reasonable to argue Brexit had a small net economic cost or benefit.
Suggesting it's been an unparalleled economic disaster like he does here, is not only wrong but grossly irresponsible.
nitter.cf/cricketwyvern/status/2…
David Paton retweeted
13/ Gross economic Value Added (GVA) from City of London: up £25bn 2019 to 2024, from £32bn to £57bn! So much for a Brexit impact. How ironic that this is exactly the bullshit number Oliver Wyman predicted would be lost. LOL!!
No archive available but screenshots included
A good thread by @semperfidem2004 illustrating my point about financial services exports: nitter.cf/semperfidem2004/status…
And here an earlier thread explaining why UK economic growth has probably been slightly higher than it would have been had we not left the EU
(albeit assessing the counter-factual is highly uncertain).
nitter.cf/cricketwyvern/status/2…
Does @AngelaRayner realise how misleading this is?
Even if not, good journalists should have figures at hand to correct her & other Govt. ministers trying to imply UK exports to the EU have gone down since Brexit.
In fact total exports to the EU have increased since Brexit.
…
