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Tuesday 1
IEA Brexit Prize
Scenario
A referendum has resulted in an “Out” vote and Her Majesty’s Government has triggered Article 50 of the Lisbon Treaty. What measures does the UK need to take in the following two years, domestically (within the UK), vis-a-vis the remaining EU and internationally, in order to promote a free and prosperous economy?
Background
An “Out” vote in a British referendum would be a major historic geo-political and economic event, perhaps even comparable with the fall of the Berlin Wall and the subsequent collapse of the Soviet Union and re-unification of Germany. It is time, therefore, that the UK explores the process of withdrawal and its economic and political consequences. This competition is designed to examine the process of withdrawal and, more importantly, how the UK might fit into the fresh geo-political and economic landscape that would follow.
Entry Requirements
Against this background, competitors are invited to compose a Blueprint for Britain outside the EU, covering the process of withdrawal from the EU and the post-exit repositioning of the UK in the global trading and governance systems, covering, inter alia:
- The legal and constitutional process necessary for the UK to leave the EU and set up, if desired, alternative international relationships. This would include not just the process within the EU itself but the changes to UK law and regulation that would be desirable or necessary.
- Negotiation of the UK’s post-EU-exit position to settle the UK’s relationships with the remaining EU and other interested parties and, crucially, with the rest of the world, in respect of trade, supranational governance, immigration, the environment, financial regulation, defence etc.
Submissions are invited from individuals, groups of individuals, academia and corporate bodies such as consultancy firms, law firms, accounting firms, think-tanks and investment banks. Initial submissions will be around 2,000 words. The competition’s initial judging panel will then invite the authors of around twenty of those entries to make full submissions of between 10,000 and 20,000 words within a further four months.
Judging Panel
- Nigel Lawson (Chairman), The Rt Hon Lord Lawson of Blaby, former Chancellor of the Exchequer
- David Starkey, British constitutional historian and a Fellow of the Society of Antiquaries of London
- Prof. Philip Booth (Facilitator), Institute of Economic Affairs and Cass Business School
- Roger Bootle, founder of Capital Economics, a Specialist Adviser to the House of Commons Treasury Committee and an Honorary Fellow of the Institute of Actuaries
- Tim Frost, a governor of the LSE and director of Markit and Cairn Capital
- Gisela Stuart, MP for Birmingham Edgbaston and editor of The House Magazine
- Prof. Martin Ricketts, Professor of Economic Organisation at the University of Buckingham
- Ruth Lea, Non-Executive Director of the Arbuthnot Banking Group
- Dr. Stephen Davies, Institute of Economic Affairs
Prizes
Cash prizes will be awarded to the first, second and third best entries, as judged by the competition’s final judging panel. First prize is €100,000, second prize is €10,000 and third prize is €5,000. There will a special prize of €5,000 for the best entry from an individual aged 30 or under. The winning entries will be published by the IEA.
Timeline
16th July 2013 – Brexit Prize announced
16th September 2013, 4pm – Deadline for initial submissions
End October 2013 – Selection of 20 best initial submissions announced
Early February 2014 – Deadline for final submissions
March 2014 – Winner announced
For further information, please contact: Amelia Abplanalp: brexit@iea.org.uk / 020 7799 8900
To download full information and remit, click here.
To download guidlines for entrants, click here.
To download style guide for entrants, click here.
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