The UK’s Growth Model, Business Strategy and Brexit
The UK’s growth model is characterised by its position as a hub of global finance and its flexible labour market regime. This growth model has been both underpinned and at key moments threatened by the UK’s integration into the European Single Market. Focussing on developments within two key EU policy areas—EU employment policy and Capital Markets Union (CMU)—this chapter argues that British business has attempted to ‘defend’ and ‘extend’ a liberalising agenda inside the EU. The ability of British officials to influence the rules of the Single Market has been a core element of this strategy. Brexit fundamentally undermines this strategic orientation, generating a series of dilemmas for British capital and the UK’s growth model more broadly.
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