01 Feb '17, 3pm

Trump just defined the nature of a UK-US trade deal

Stephen Devlin Senior Economist President Trump’s shocking travel ban may have justifiably dominated headlines, but a second executive order was also slipped out this week – and one with major implications for the UK economy. While many of us were on the streets protesting his offensive ban on refugees, the new president signed an executive order authorising a rule dubbed One In, Two Out. What sounds like a nursery school game is actually the starting gun to a miserable race to the bottom for the USA and UK. It puts legal protections we all depend on – to be able to eat food safely, or go to work without fear of unfair dismissal – on the line. One In, Two Out means that if the US government wants to implement new laws it has to get rid of twice as many other laws, based on their cost to business. Economically it’s entirely illogical because it ignores the benefits of laws ...

Full article: http://neweconomics.org/2017/02/trump-just-defined-nature...

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Stephen Devlin Senior Economist President Trump’s shocking travel ban may have justifiably dominated headlines, but a seco...

The race to the bottom is on @NEF

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Stephen Devlin Senior Economist President Trump’s shocking travel ban may have justifiably dominated headlines, but a seco...

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