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You're the leader of a country.
The country next door plans to cut regulations ("red tape") to be more competitive.
If its businesses have tariff-free access to your economy, they'll out-compete yours.

So wouldn't you demand they follow the same rules before giving it to them?
This is the Catch 22 you should've seen coming.

Even if theoretically, a post-Brexit cutting of regulations made the UK more competitive, doing so would make the EU put up protectionist barriers, meaning we wouldn't have a single tariff-free export market for 2000 miles around.
One of the many reasons Brexit simply will not work out as promised.
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