A referendum has resulted in an “Out” vote and Her Majesty’s Government has triggered Article 50 of the Lisbon Treaty. What measures does the UK need to take in the following two years, domestically (within the UK), vis-a-vis the remaining EU and internationally, in order to promote a free and prosperous economy?
An “Out” vote in a British referendum would be a major historic geo-political and economic event, perhaps even comparable with the fall of the Berlin Wall and the subsequent collapse of the Soviet Union and re-unification of Germany. It is time, therefore, that the UK explores the process of withdrawal and its economic and political consequences. This competition is designed to examine the process of withdrawal and, more importantly, how the UK might fit into the fresh geo-political and economic landscape that would follow.
Against this background, competitors are invited to compose a Blueprint for Britain outside the EU, covering the process of withdrawal from the EU and the post-exit repositioning of the UK in the global trading and governance systems, covering, inter alia:
The legal and constitutional process necessary for the UK to leave the EU and set up, if desired, alternative international relationships. This would include not just the process within the EU itself but the changes to UK law and regulation that would be desirable or necessary.
Negotiation of the UK’s post-EU-exit position to settle the UK’s relationships with the remaining EU and other interested parties and, crucially, with the rest of the world, in respect of trade, supranational governance, immigration, the environment, financial regulation, defence etc.
Submissions are invited from individuals, groups of individuals, academia and corporate bodies such as consultancy firms, law firms, accounting firms, think-tanks and investment banks. Initial submissions will be around 2,000 words. The competition’s initial judging panel will then invite the authors of around twenty of those entries to make full submissions of between 10,000 and 20,000 words within a further four months.
Nigel Lawson (Chairman), The Rt Hon Lord Lawson of Blaby, former Chancellor of the Exchequer
David Starkey, British constitutional historian and a Fellow of the Society of Antiquaries of London
Prof. Philip Booth (Facilitator), Institute of Economic Affairs and Cass Business School
Roger Bootle, founder of Capital Economics, a Specialist Adviser to the House of Commons Treasury Committee and an Honorary Fellow of the Institute of Actuaries (Advisor and non-voting member)
Tim Frost, a governor of the LSE and director of Markit and Cairn Capital
Gisela Stuart, MP for Birmingham Edgbaston and editor of The House Magazine
Prof. Martin Ricketts, Professor of Economic Organisation at the University of Buckingham
Dr. Stephen Davies, Institute of Economic Affairs
The Institute of Economic Affairs is delighted to announce the shortlist for the IEA Brexit Prize. In total 149 entries were received. 100 of these were from submitters based in the UK and 49 of them from other countries, including: the USA, France, Germany, Greece, Ireland, The Netherlands, Ukraine, Nigeria, Hungary, Zambia, Latvia, Austria, India, Norway, Zimbabwe, Denmark, Belgium, Russia and The Philippines.
· William John Bailey, Kathleen Garner, Laura Stringer
· Kieran Bailey
· David Campbell Bannerman
· James Bennett
· Rory Broomfield and Iain Murray
· Tim Hewish*
· Dr. Ciarán Burke and Dr Olafur Hannesson
· Prof Stephen Bush
· Dr Alan Butt Philip
· Ben Clements
· Iain Mansfield
· Dr Richard North
· Robert Oulds and the Bruges Group
· Daniel Pycock
· Philip Rush
· Miles Saltiel and Charles Proctor
· Lionel Zetter
For more information on the shortlisted entrants, click here.
*On January 23 2014, Ralph Buckle, who originally jointly entered with Tim Hewish, was offered and accepted the position of Events Manager at the IEA. From this date he stepped down from the author team for the Brexit competition and is ineligible for any of the prizes.
Cash prizes will be awarded to the first, second and third best entries, as judged by the competition’s final judging panel. First prize is €100,000, second prize is €10,000 and third prize is €5,000. There will a special prize of €5,000 for the best entry from an individual aged 30 or under. The winning entries will be published by the IEA.
16th July 2013 – Brexit Prize announced
16th September 2013, 4pm – Deadline for initial submissions
End October 2013 – Selection of 20 best initial submissions announced
Midnight, 12th February 2014 – Deadline for final submissions
8th April 2014 – Winner announced
For media enquiries, please contact Stephanie Lis, IEA Head of Communications: 0207 799 8909 / 07766 221 268.
For general enquiries and to request an entry number please contact Amelia Abplanalp: email@example.com / 020 7799 8900. Please indicate if you will be in the under 31 category.
To download full information and remit, click here.