It is not especially low tax, nor is it unregulated – though it is certainly a more business-friendly environment then the UK. Here is why it works.
With young people spending ever-more time online, the owners of these platforms must take responsibility for making them safe.
After leaving the EU, we must ensure we are well-positioned in terms of regulation, taxation, immigration and – crucially – foreign languages.
In a no-deal scenario, we must be prepared with a detailed plan which takes into account the trading and regulatory differences between industries.
As Rumsfeldian as it may sound, a ‘No Deal Deal’ is entirely possible, where the majority of issues are settled through simple side agreements.
The current situation is not sustainable, and undermines competition and business development in the food sector to the detriment of both consumers and producers.
Nor will the eventual separation from the EU see a sudden break. Rather, this will be a gradual and partial divergence.
Britain could flourish under the minimalist WTO-type settlement that seems to be his bottom line. But it is not the optimal outcome, and threatens a significant downside.
But don’t expect that to stop the commentariat, or the Opposition, trying to manufacture some kind of row, even if only for show.
The final article in the author’s five-piece series on how Britain must prepare for March 31 2019 – and has less than 600 days to get it right.
We have allowed our enemies to infiltrate almost every power centre that matters and delegitimise our very existence.
Deep and ongoing customs co-operation between the EU and UK is achievable, without limiting the opportunities for other trade deals.
We must show people how markets can make life better for ordinary families by broadening choice, spurring innovation, and driving down prices.
With a limited number of exceptions such as Euratom, we need to take back control of regulation from continent-wide agencies with which we are a poor fit.
Rather than price caps and nationalisations, there is a chance to help consumers with tax cuts and regulatory reform.