Leaving the European Union is an opportunity for the UK to use taxes and subsidies to encourage companies to increase spending, Prime Minister Boris Johnson said.
In addition to the regulatory change, “you can use tax systems and subsidies to drive investment,” he said in an interview with BBC television.
The demand for state aid rules was a major obstacle to the Brexit trade negotiations. Under the terms of the agreement, one party may charge tariffs on the other if it is clear that businesses are being unfairly interrupted.
The UK is now working outside the bloc for the first time after the end of the transition period. Johnson said he wanted to use the UK’s new autonomy to advance science and boost the struggling economies of backward parts of the country.
Many economists expect more paperwork and trade barriers to hurt economic growth, just as the coronavirus pandemic is delivering hammers.
Despite a series of new rules for trade with the EU, Brexit is still a blessing for exporters, Johnson said. “There is a degree of bureaucracy and we are trying to remove it,” Johnson said when asked about the red tape that went into effect on January 1. ‘big. ”
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