As I’ve posted before – welcome to the future a la Hammond.
It is that Britain should free itself from all the constraints which Europe imposes and from its essential social democratic model and go for a new type of economy altogether.
This economy would be defined in a sense by its very opposition to that European model. It would be free market, free trading, light regulation, low tax, low social protection – a sort of attempt to ?replicate the city states of Hong Kong and Singapore.
It’s not an impossible vision. We might – or at least some of us might – succeed in such a society.
But let us be very clear. It is not what a lot of the Brexit people voted for.
The NHS? Forget it. It would be much too expensive. Low numbers of migrants? Of course not, we would want them and need them. Theresa May’s workers on boards and a fairer capitalism? Not on this model.
What on earth would be the point of leaving Europe only to import Europe’s labour laws? Our competitive advantage would be precisely the absence of such regulation.