IDS wants MPs to not meddle as the UK repeals EU law
The Tory told parliament to “resist the temptation” to meddle with Brexit legislation and not get “bogged down with endless amendments” as Britain has a limited amount of time to leave the EU.
It follows reports that Pro-Remain Tory MPs are reportedly threatening to destabilise Theresa May’s Brexit negotiating position by blocking the repeal of EU law, if they deem “Brexiteers are out of control”.
The baffling revelation follows reports May will publish details of the great repeal bill – legislation that will convert all EU law in to the UK statute books – this week.
IDS told the Telegraph: “This is legislation that repeals the Single European Act and which allows us to transfer our existing structure of EU laws and regulation into UK law.”
Brexit: Results of how the UK voted Mon, March 20, 2017
Much of the North East of the United Kingdom voted to leave the European Union including Sunderland, Gateshead, Darlington, Durham, Hartlepool, Middlesbrough, Stockton, Redcar and Cleveland, North Tyneside and South Tyneside, and Northumberland
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GREAT YARMOUTH: The town of Great Yarmouth on the East Coast of England voted by 72% to leave the European Union.
The total cost to the UK economy of the top 100 most expensive EU regulations is £27.4billion a year
Iain Duncan Smith
The former Tory leader promised there would be “a root and branch review” of EU regulatory costs and its “intrusion into the daily lives” of UK citizens.
He added: “Recent reports from Open Europe and Civitas found that the total cost to the UK economy of the top 100 most expensive EU regulations is £27.4billion a year.
“For example, financial regulations were estimated already to cost £1.7billion each year through stultified markets.
“The Common Fisheries policy has cost the UK up to £4.7 billion each year and pushed supermarket prices up.
May will invoke Article 50 on Wednesday
“EU procurement and state aid rules restrict the government’s ability to award public works contracts to UK firms, to prop up job-creating firms and to revitalise the economy.
“Finally, the Common Agricultural Policy drains upwards of £10billion each year, both in direct costs and by inflating food prices.”
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IDS promised a complete review of EU costs on UK business
IDS is confident Brexit will safeguard jobs and increase earning capacity while protecting the “well-being and hard earned rights” of UK citizens.
On Wednesday, Theresa May will invoke Article 50 which will leave the UK with a maximum of two years to leave the EU.