Happy to oblige Kali2.
Here’s a few:
The UK will have more power to shape its regulatory environment and cut taxes. It already has one of the lowest rates of company tax in Europe, but the country could go further. The government could also expand the “patent box”, which reduces taxes on profit from patented inventions to foster research & development. It was constrained by EU rules on state aid.
“Europe is worried the UK will set up near-shore competition to the continent,” said Mark Price, former deputy chair of retailer John Lewis Partnership and a former trade minister. The right tax regime would make the UK a lot more attractive as a base to export into the EU, he said.
In emerging industries, such as genetically modified foods and genome technology, Britain can take a more permissive approach than the EU, according to Julian Jessop, former chief economist and now a fellow at the Institute of Economic Affairs in London. He noted data protection and regulation of the internet as other areas where the UK would be able to diverge.
In aviation, Britain would have the ability to cut air passenger duty on the return leg of domestic flights, which is at present prevented by a European Commission ruling. Reducing the levy has long been a demand of airlines, which say it would mean cheaper flights.