The great Brexit Britain wealth opportunity
– Free trade and the free market economy - Part 1

Four business leaders and thinkers give their upbeat visions of the UK’s post-Brexit future

© Brexit Facts4EU.Org 2020

Part 1 of a Brexit Facts4EU.Org Weekend Special

This weekend we are making a rare departure from our usual format of delivering searing and punchy facts researched from official EU and UK government sources. Instead we are bringing you two uplifting articles to counteract the incessant doom and gloom from the BBC, Sky, ITN and others about the prospects for Brexit Britain.

We asked four business leaders and thinkers to give us their views about what lies ahead. Four individuals, four questions, four sets of answers. All different and all from different perspectives. They each had a lot to say. We hope you enjoy what follows.

The four questions are:

  1. What are the great Brexit Britain wealth opportunities?
  2. How should we take advantage of them?
  3. If the EU continue to be unreasonable in the trade talks, should we revoke the WA and walk? If so, when?
  4. Contemplating our 31 December exit from the EU, what do you want from the Government?

Part One – The Rt Hon Sir John Redwood MP and Julian Morgan, CEO of a Midlands-based manufacturing company

In today’s article we bring you the thoughts of a vastly-experienced Parliamentarian and former Cabinet Minister who was previously a Director of a capital asset management company and Chairman of the investment arm of an engineering company. His thoughts are followed by those from the CEO of a Midlands-based manufacturer who exports worldwide.

Tomorrow (Sunday) we will publish the second and final part of this Weekend Special, with the thoughts of the CEO of a major property firm (and former MEP), and the CEO of a major business based in Scotland.

The thoughts of our first two contributors

The Rt Hon Sir John Redwood MP

1. What are the great Brexit Britain wealth opportunities?

Brexit teems with opportunities for the UK once we have properly left behind their rules, laws and budgets. We can spend the money we save on our own priorities. We can negotiate free trade agreements with the rest of the world. We can organise our public purchasing to give us good value and to supply more of the goods and services from domestic reliable sources. We regain our own seat , vote and voice on international bodies, where we can be a powerful influence for freer trade and more democracy. We can rebuild our fishing and farming industries with rules and government help that assist local talent and husband local resources.

2. How should we take advantage of them?

We should celebrate the ending of financial contributions to their budget. We will avoid a near £100 billion commitment under their planned pandemic recovery borrowings. We should invest more in better public services at home freed of these financial burdens abroad. We should speed our free trade and other partnership discussions with Australia, New Zealand. Japan, the USA and other willing countries. We should set out new fishing, farming and public procurement policies that give us greater national resilience, good value for money, and a bigger home supplying base. We should aim for self sufficiency in energy, greater self sufficiency in food, timber and fish.

3. If the EU continue to be unreasonable in the trade talks, should we revoke the WA and walk? If so, when?

The UK has generously offered a tariff free Free Trade Agreement to the EU, though it will help them more than us. If they do not want it or seek to get some price from us for it we should simply leave their single market and customs union and trade with them on WTO terms, under an import tariff schedule that makes sense for us. We should not sacrifice our fish, our right to make our own laws, or our ability to settle trade with the rest of the world to accommodate any unreasonable demands they might make. There must be no further delay after 31 December, as Brexit is already two and half years late. Controlling our borders and implementing the new trading system is not difficult, as we already run a tariff based customs system for non EU trade at every border point.

4. Contemplating our 31 December exit from the EU, what do you want from the Government?

I want the government to be sensibly optimistic and to demonstrate how we can be better off out. It needs exciting new policies for everything from fish to energy, from data to public purchasing, to show we can do things better. January 1 2021 is a great new beginning. It is above all the full restoration of independence. The right to govern ourselves means we will be better governed. Were a future government to disappoint we will change it as the power rests in the hands of voters. The problem with being governed by the EU was there was no way of changing things when they did not work for us.

John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford.

A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China.

He is the MP for Wokingham, first elected in 1987 and writes a daily online diary which we highly recommend.

*      *      *

Julian Morgan, Managing Director, KPM Marine

1. What are the great Brexit Britain wealth opportunities, from your perspective?

Running up to the Referendum I truly believed that the EU project was pivotal to our future prosperity. As I read, the more I realised that the EU was anti-competitive, anti-democratic and declining as an economic power, with the rest of the world outpacing it.

Unlike the EU, the combined Commonwealth countries are a larger trading block and are growing at a much faster rate. Yet the UK could not take advantage of all the benefits of our long term and historical membership of the Commonwealth club due to laws and trade policies set by the EU. Not only was the EU anti-competitive but its trade policies with developing nations were akin to colonialism and were not allowing developing nations to add value to their own resources. With fair and free trade, these developing nations could be masters of their own prosperity and this would also allow the UK to purchase products and food at world prices, not EU tariff-inflated prices.

My business network is already seeing significant opportunities with non EU countries, especially from America and East Asia, with Africa and Australia also moving quickly to create trade relationships. With the UK about to have the shackles of punitive EU tariffs and policies removed thanks to Brexit, we are seeing a renaissance in trade with fast-growing economies.

My company exports 80% of its marine products to 38 countries in the world. Our exports to the EU have consistently declined year on year and now stand at a record low of about 5%. Those I know in my sector of business in the UK are reporting similar trends.

2. How should we take advantage of them?

Firstly we must accelerate the setting up of CANZUK – a Canada, Australia, New Zealand, UK partnership. With the current stand off between China and America, and with Japan now extracting its manufacturing from China, we have an opportunity for product manufacturing to be localised again.

The UK shares much in common with Japan and is an ideal satellite for manufacturing and services that was previously lost to China. By the UK being free of the EU it can take advantage by being agile in its policies as well as creating incentives for Foreign Direct Investment, of which the UK has taken the lion’s share from the EU since before the Referendum. In addition the UK can become a trade catalyst not only between the USA, China, Japan and the whole Commonwealth but also with the EU if we choose. I call this the “UK Trade Gateway”. A mutually beneficial, fast-track work and visa policy should be set up to allow all Commonwealth members ease of movement and to establish satellite businesses to be established in the UK. In this way we will attract the very best talent and promote strong trading links.

3. If the EU continue to be unreasonable in the trade talks, should we revoke the WA and walk? If so, when?

The UK can only achieve agility and grasp opportunity if it is free to pursue its own future unhindered of any level playing field caveats demanded by the EU. This being the case, the UK will only be able to achieve this with WTO terms.

4. Contemplating our 31 December exit from the EU, what do you want from the Government?

To exit on WTO terms and accelerate trade talks with the Commonwealth. I would like to see Exclusive Commonwealth Trade Areas (ECTA) set up in the Midlands, North East, and West, with free port status for manufacturing, imports and exports.

Julian Morgan is Founder and Managing Director of KPM Marine, based in Birmingham UK, specialising in the design and manufacture of safety critical products for the marine and automotive industries for over 20 years.

He holds Honours and Masters Degrees from Brunel and Warwick Universities and has been awarded the Seawork Spirit Of Innovation award three times.

He is a champion for British manufacturing.


We are grateful to the Rt Hon Sir John Redwood MP and Mr Julian Morgan for giving up their time to provide readers with a more optimistic and practical vision of the opportunities ahead for the United Kingdom when the Transition Period ends on 31 December this year.

Both of these gentlemen have significant business experience. Sir John is applying his experience in Parliament, and Mr Morgan is actively engaged in growing his highly-successful design and manufacturing business, exporting to dozens of countries worldwide. Neither of them views the post-Brexit future in the cataclismic manner of many pro-Remain politicians and commentators, most of whom have no business experience at all.

In tomorrow’s (Sunday’s) edition of Brexit Facts4EU.Org, we will complete this story with the testimonies of another two highly-successful business people. One is the CEO of a PLC and a former politician, and the other is the MD of a great Scottish business exporting to over 100 countries around the World.

Positive outlooks like these about our post-Brexit future exist out there in great numbers, and they are to be found in businesses across the country. Sadly they get little exposure from our broadcasters nor by much of the press. We are happy to give them a voice via the pages of Brexit Facts4EU.Org.

(Click here for Part Two)

Finally, may we appeal to you for help in keeping us going? Any donation, no matter how small, makes a difference to the work we can do in ensuring a free, sovereign, and independent United Kingdom as quickly as possible. Fast and secure donation links are below this article. Thank you for anything you can do to support the cause.

[ Sources: The Rt Hon Sir John Redwood MP | Julian Morgan ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sat 25 July 2020

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