A 100,000-euro (£86,000) cash-prize is being awarded for the best plan on how Britain could leave the European Union.
The ‘Brexit Prize’ has been created by the Institute of Economic Affairs (IEA), a free-market think tank, in the run up to a proposed referendum on the UK’s membership of the EU.
Entrants are asked to explore the constitutional process of a withdrawal and how the UK can best position itself in the world outside the single market.
The prize will be judged by a panel including former chancellor Nigel Lawson and historian David Starkey.
Competitors are asked to examine: “What measures does the UK need to take in the following two years, domestically, vis-a-vis the remaining EU, and internationally in order to promote a free and prosperous economy?”
The award follows on from the Wolfson Prize that offered £250,000 for the best explanation of how a country could leave the single currency.
“Now that we have been promised an in-out referendum on Britain and the EU in 2017, it is essential that this momentous decision is preceded by a well-informed debate,” Lord Lawson, chair of the judging panel, said.
The second-place entry will be awarded a prize of €10,000, and third-place granted €5,000.
The deadline for submission is September 16 with the winner expected to be announced in March 2014.
Full article: ‘Brexit’: Prize For Britain’s EU Exit Strategy (Sky News)