You can read 9 more articles this month
A GROUP of right-wing free marketeers have drawn up a “model" post-Brexit trade deal with the United States which opponents warned will wreck Britain’s economy and lay waste to public services.
Among the proposed plans by the 11 think tanks today include opening a bidding auction for all of Britain’s public services.
The villains of the piece are the Initiative for Free Trade (IFT) and the US-based Cato Institute, with input from the Institute of Economic Affairs (IEA), the Adam Smith Institute, the Heritage Foundation, and the American Enterprise Institute (AEI).
Other proposals include no controls on the flow of personal online information across national borders, freedom for multinational corporations to invest where they want — effectively enabling them to take over vast sections of Britain’s economy and abolishing tariffs and regulations that protect standards of imported goods such as food and medicines.
Campaigners warn that the think tanks are hoping the Tory government will betray the people of the Britain by adopting the deal as its blueprint for trade when Britain leaves the European Union.
Eurosceptic Tory Euro-MEP Daniel Hannan has taken a leading role in promoting the document.
Social justice campaign group Global Justice Now said the proposed deal was “entirely divorced from economic reality.”
Global Justice Now director Nick Dearden said: “The measures supported in this paper represent a free trade utopia, entirely divorced from economic reality.
“The authors view good government as ‘getting out of the way’ of business, and letting profit drive every aspect of our society.
“The policies in this ‘deal’ are a recipe for bad food, NHS privatisation and financial deregulation.
“Whatever the claims made by the authors, be in no doubt that this would be a boon for big business, especially the big financial corporations that created the financial crash 10 years ago, but it would be very bad news indeed for ordinary citizens.”
He said that many right-wing economic think tanks were close to the government’s Trade Secretary Liam Fox, who has “near regal” powers over trade deals.
A Department for International Trade spokesman said: “We are committed to forging new trading relationships that create jobs, boost our vital industries and benefit people across the whole of the UK.
“We are currently seeking a wide range of views about four potential free trade agreements, including with the USA, and we encourage all interested organisations and members of the public to make their voices heard through our online consultations.”
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.