IEA Podcast

The Case for the Norway Option


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We may be leaving the EU - but what should our mode of departure look like?
Today we’re joined by the IEA’s Head of Health and Welfare Dr Kristian Niemietz, and Associate Director Kate Andrews - to discuss the pros and cons of the so-called ‘Norway Option’ - a form of Brexit under which the UK would leave the European Customs Union, but remain in the Single Market.
The 'Norway model' refers to two key European organisations: The European Free Trade Association (EFTA) and European Economic Area (EEA). Norway (along with Liechtenstein and Iceland) is a member of both.
And the idea has been gaining traction recently, with the government's Chequers model looking unpalatable to EU negotiators, and the British public alike.
Yet although Kristian is a proponent of the Norway option - it’s not as simple as that. He would probably back a Hard Brexit - provided we had a realistic chance of becoming a deregulating, free trading outside of the Single Market.
Unfortunately, here the Zeitgeist is very much against free market types, he argues. 
If you like what you hear, be sure to subscribe to our iTunes channel, IEA conversations.
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IEA PodcastBy Institute of Economic Affairs

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