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Blog: Sir Ivan Rogers' Brexit speech text in full - Policy Scotland
The correct way to think of the EU in economic terms is as a “regulatory union”, with the appetite and ability to extend its rules extraterritorially: the so-called Brussels effect. The EU is a superpower in no other respect. But in this critical one, it is. And the idea that, on its own, the UK, can compete with massive regional trading blocs – the EU, the US, China – as a standard setter, on industrial goods to data, is an illusion. And leaving a regulatory union, including a Customs Union is really much more difficult than leaving a free trade area.
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