Economic Fallout of Brexit: Winners and Losers
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- čas přidán 5. 09. 2024
- In this video we examine one of the most significant socio-political and economic events of the 21st century: Brexit.
Did the UK outsmart the EU, or did the coalition thrive despite the UK's exit? We explore the economic reasons behind Brexit, the anticipated and actual impacts on the UK and the EU, and whether the separation was beneficial or detrimental. Discover the realities of a post-Brexit world, from trade agreements and GDP shifts to job market changes and political maneuvers.
Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered professional financial, investment, or legal advice. We shall not be held responsible for any errors or omissions in the content. Any action the viewer takes based on the information provided in this video is solely at their own risk.
2016 Brexiteers: "wages up, taxes down, healthcare boosted!"
2024 Brexiteers: "freedom has its price."
....and stupidity too😏
!!! s0vEReIgNTy !!!
Brexit….. The UK is the only country in the history of the world to vote for sanctions against itself…😂😂😂😂
Sanctiomonious (get it? 😂)
Brexit.....the stupidest thing any country has done in ages.
Care to elaborate?
It’s self explanatory, more like a lemma.
@@nrspeed1407 it's an opinion
no it’s not. It’s a self evident fact.
@@nrspeed1407 you don't appear to be capable of having a rational debate
What the EU lost was an (at the time) unreliable and divisive member state. What the UK lost is a prosperous future. But what's done is done.
The EU is not prospering
What they lost is one of the larger economies in the world and a voice against the German/ French combo. A voice many countries like Denmark or the Netherlands actually agreed with. Nothing is ever done.
@@trickslies844 I don't believe nations have much of a voice, Brussels laws supersede national laws and the Commissioners are appointed not elected.
UK is still trading with the EU.
Commissioners are proposed by their democratically elected government and the vetted and approved by the democratically elected EU parliament.
@@MRW515 They have a voice proportional to their population. What you are really complaining about is the fact that democracy is a two way street and that you can't just order every one around like in the Empire days.
The commissioners are appoint by the national government and removed by the EU parliament. This is no different from other appointments. Yeah and we are trading about 70 billion less
Personally, things haven’t improved for most people in the UK. From their few postings, they are even more embittered.
Only those that didn't vote for it I don't feel like it impacted my life at all,I hated the eu and it's too many rules and regulations,
@@debbiedion5731 Care to elaborate ? What rule and regulation ?
@@debbiedion5731 name 1 rule or regulation?
@ozzie2545 freedom of movement.
You must take the quota of immigrants that the eu decides for you.
@@debbiedion5731 those where debunkt years ago.
Everyone lost. The UK just lost harder.
Yeah a lose lose situation. But at least other nations learned to view more positive aspects of the EU
The EU didn't lose as much as the UK, by any standard.
The UK was a pain in the ass for the EU, very much like Hungary still is, the EU definitely won.
Scotland knew brexit was bo...cks
Scotland is bo...cks
idem Gibraltar
As did London , which voted 65% Remain.
@@johnburrows3385 the working class of trhe shires voted for Brexit
@@johnburrows3385 which is ridiculously low: 35% voting to destroy this gorgeous city. Only Gibraltar had an intelligent vote
It didn't need an " economist " to predict the outcome of Brexit !! Just an educated commoner who knew HOW THE EU WORKS !!
And I saw quite a few educated British cousins on various platforms who did, let alone all those EU citizens who enjoy a decent education for" free " !
The main understanding in Europe was that the UK regarded itself as way superior to Europe. My understanding is that all were happy that the UK left. No one talks about it in Europe anymore, but... apparently, some people still talk about it in the UK. Just stay out! We are fine in Europe! Of course, the UK could get back inside, but then without the Colonialist attitude towards Europe. Some of us speak English because of the USA, not you! You are no longer relevant!
You may not be talking about it any more, but you're still trawling CZcams videos about it. 😅
Brexit? what's that? Who cares?
The UK is not superior but the EU was not good enough. One day the EU may be good enough. No one talks about it in the UK except for politicians and you tube.
@@robinwhitebeam4386good enough for what? Your stupid air of superiority and colonialistic mentality? There's a queue for entering the EU, while there's no queue asking to work in UK.
Lol.Europeans literally sound like a bitter wife.Wanting to not deal with immigrants and overfishing means we want British Empire back.I guess if we wanted to be relevant we would rejoin the EU.Cause France is such a superpower due to the EU.
To be fair no one gained anything from the whole Brexit thing, UK lost access to a lot of trade and the EU lost one of the biggest economies in the world, the only ones who won in this affair are the US and China
Well, economically the EU also hasn’t won anything of course, but the EU strengthens its stability,because we now know that the EU is something that makes us stronger and the fact that also the interests of a smaller country like Ireland are taken seriously proofs that the EU is not just for the bigger countries.
Now, the EU gained a lot of UK companies moving to Europe. And paying tax in Europe. After making those investments, that companies will not return very soon.
Actually, we (the EU) didn't lose one of the biggest economies in the world, did you see the graph where internal EU trade grew more than the dip in UK trade, plus we still trade with the UK via the very helpful (for us) TCA.
Man UK still overestimates its significance. Time to step back and see the big picture 🙈
I work in a global industry. My current employer used to handle all EU affairs through an office in London, as many did.
Since Brexit they created a mainland office for all the needful things. Currently all of EU business, EU registrations and EU licensing sits right here in this small 3 person office. We are all high end specialists in a legally required role.
Meanwhile London office keep lording it. Historically they have vastly more staff, handling a fraction of what the 3 of us manage, but somehow they always complain about needing more budget for more staff.
I'm waiting for the moment when corporate realise the drain that that office really are.
We can't be too vocal about it though, because our position and budget are decided by one of the London managers.
They already re-allocated budget to hire administrative support here to instead add staff in London twice that I know of. Another project that would require a 4th specialist in our team ended up with more London staff and no realistic sight on filling the function that must legally be located in mainland EU.
It feels like they really do not want to acknowledge not being the center of the world 😂
Personally I stopped buying parts for my British, Brompton bike (My only British item at all, after I had bought a 1966 new Mini, which was an absolutely production disaster! Nothing actually functioned), because of Brexit. It is less difficult to buy parts from China than from the UK! And the parts are better and less expensive, so who cares? Finn. Denmark
UK: We will become even stronger with our former colonies
Former Colonies: Uhmm.... No thx.
From the EU's perspective there is no win or lose. The EU didn't get a vote in the matter, it had to deal with the UK's decision. That meant minimizing harm to EU members, companies and citizens as much as possible, not "winning" .
This is an english channel, their medieval mindset still hasn't gone past win and lose, us and them.
The largest stock exchange in Europe is now based in Paris not London.
London now the largest stock market as of June 2024 overtaking france again.
Actually, the biggest (by far) is Euronext, by combining stock markets from several countries. Integration is a nice thing...
@@vullings1968 Euronext is the stock market in question. It's based in Paris. Good try though. 😂
@@corn7822 Nope. Euronext has over twice the capitalization that London does. Try again.
@@corn7822however before Brexit France nowhere close
It's hard to find ANYONE now who thinks that Britain is a better place now than it was before Brexit.
However lots of Brexit supporters who say nothing to do with Brexit
Hello from Germany! Is BREXIT still a thing in the UK? I had already forgotten about it and had to look it up on Wikipedia.
In the Uk yes it is. It is still polarising british society and politics and hasten the disuniification of the Uk.
Im from ireland i have to listen to them cry about it everyday im like shut the Fu8k up and get over it northern ireland is the worst at being big babies
It is still a thing but less people talk about it now or even think about it. We don't hate Europe or Germany, quite the opposite. We just do things differently and don't want to be politically aligned and entangled to the EU.
@@AC-tn9hg _We just do things differently and don't want to be politically aligned and entangled to the EU_ Which is fine, the UK is welcome to stay out, it isn't needed in the EU. The only problem with your statement is that your speaking on behalf of an ever slimming minority. More and more UK citizens realise what a mistake Brexit was. There will be a future EU application.
FOR HEAVEN'S SAKE ! You can't rejoin the European Union ! It's not your choice and never will be. When britain joined the original Common Market, there were a handful of members, and it still took eleven years to convince them to agree to have you. Now there are twenty seven member states, and you have proven beyond any possible doubt how untrustworthy and mendacious you are and that you have absolutely no concept of the true European ideal. You voted to leave, you left ! And we don't want you back ! Why would we ????
Nobody “won”. The EU always was a peace and unification project. And a pretty successful one. Britains never saw the EU this way. For them it was always an economic opportunity. And if you address fears of too many strangers in the country then this would always lead to a leave decision. Also the AFD in Germany and right parties in other countries use this fear to reach their goals. I’m happy with Europe. My parents lived this dream of a unified Europe and it now is true. We benefit of this dream. We lost our friends in UK and why? Because of project fear managed by Nigel, Boris and Jacob 🙁
How will it be in 2025 when the grace period for financial services are over and Euro clearing move to the EU?
No one knows. The Uk seems weaker without the eu and the eu weaker without the Uk. No one wins.
The EU weaker without the UK??? Are you sure? It seems stronger to me.
@@colinsmith1288 Yes, but for the looks of it, we (UK) have felt it much harder. It was a stupid move.
EDIT: I understand this is an Economics video, but there are other losses as well, that apparently are not important, v.g there is something related to freedom, now I am LESS free to move. As travelling a lot during my youth, I can see how damaging is this for the growth of younger generations.
@@ernestuz l agree. But the loss of 70 million people and a 3 trillion pound GDP economy cannot be ignored.Access to a sizeable job market for eu citizens that has now gone reduces oppurtunities for the young. The Uk has one of the most liberal job markets in europe.
The businesses especially from the UK have been suffering from Brexit. A couple of thousands of small scale companies have stopped because the paperwork and regulations were too heavy on their operations, lower Profit margin etc.. Brexit has turned out to be a nightmare
The day after the Brexit vote down went the value of the pound automatically putting up prices. The markets spoke.
Did the price of your Moët & Chandon go up a few quid?
The UK lost access to the free European market. Now she can only deliver there across customs barriers. This makes goods from the UK more expensive and delays delivery.
A competitive disadvantage.
The EU was able to largely compensate for the disadvantages and replace them with trade within the EU
We all lost. Stupid move with London becoming more and more irrelevant as a major financial centre as time passes. European and American institutions are slowly sucking the business away. Sad for our children and children’s children.
They voted for their own demise. Welcome to the real Brexit. 😢 So, no real sun-lit uplands?
Brexit, the product of post-imperial British arrogance, ignorance, marketing success (aka Boris Johnson’s bus) and Russian interference had a lot of unintended consequences, among them freeing up Europe from the hindrances of its obnoxious partner and speeding up the process of political and economic convergence of all EU states. Thank you Boris, Nigel and Putin.
For me It's impossible to understand how can you make a massive change for your country with uncertain consequences with barely 50% of votes, the same applies for any big decisions in your life.
Nobody coinflip his own future on a 52% chance
I agree. Such important constitutional decisions (including Scottish independence) should only be determined by a two-thirds majority in my (British) opinion.
It was an advisory referendum on top ...
Just ask someone who voted to Leave the EU:
'If by magic the UK was again a member of the EU next week, what are the Brexit benefits that you've enjoyed since the UK finally left the EU in 2019 are the ones you'll miss most?'
I doubt you'll get an answer that makes any sense.
So weird you guys are still being busy with it. Here In belguim last thing I heard something about was that the Eu and uk agree on the border with North Ireland. Hope you guys are OK.
My wife and I left right after Brexit. We sold our expensive house in the UK and bought a smaller apartment in Poland. My two sons, along with their families, live decently in Sheffield mainly because we send them what we save from our pension. It's the young who should be able to support the elderly, not the other way around!
No it was nothing but lies and the EU should had call them out for lying to the people here, and the English voted leave not Scotland
I think it made the EU more united. Glad it worked out for both parties.
Nobody won, but the UK lost the most
and the next thing you know all our grass fed beef is changed to whatever the Americans do.
...and dyed luminous orange cheese, lovely.
Already mega diary farms have arrived and growing strongly. Cows that never eat grass in a field for the whole life.
When will people get it ,it wasn't about the Economy,!
Brexit was an ideology and like any ideology it doesn't bear any reality ....
Campaign was about economy and brown refugees and a small mention of sovereignty
Since 2016 spending on the NHS has increased by more than £800m a week.
What are some of the negative impacts of Brexit on the European Union?
* EU Industries such as pharmaceuticals, goods, and road vehicles were hit hard in the EU.
*European firms had to reduce their investment in the UK which was lucrative before Brexit.
* European Union lost a significant power house which is the United Kingdom, especially in the Banking and Financial sector.
***********************************
What are some of the positive impacts of Brexit on the European Union?
The UK’s withdrawal from the EU had many positive impacts on the EU as well, including the following:
10% of UK banking assets have moved or are being moved to the EU.
Approximately 440 banking and financial institutions have left the UK and relocated to the EU.
7500 jobs have been exported to the EU in the financial services sector.
* Many non EU countries had factories,and Head Offices in the United Kingdom before Brexit because it was a stepping stone to tap the huge European market, and as it was English speaking it was relatively easy to establish.
A list of some companies shifted there businesses to the EU are the following.
Jaguar Land Rover - to Slovakia, Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
Aviva Britain’s second-largest insurer will move £7.8bn worth of assets to Ireland.Bank of America Merrill Lynch will move, Barclays The British bank has moved £166bn of its clients' assets to the Irish capital, Credit Suisse The giant Swiss bank is reported to have moved about 250 bankers from London to other European financial hubs.Goldman Sachs shifted to the EU, Honda The Japanese car giant closed its manufacturing plant in Swindon, cutting 3500 British jobs,JPMorgan Chase,Lloyds of London, Moneygram,Panasonic The Japanese consumer electronics giant moved its European headquarters from London to Amsterdam in the Netherlands to avoid potential tax issues linked to Brexit. P&O will go under the Cypriot flag to avoid EU taxes, Philips closed its only UK factory, at Glemsford in Suffolk. All operations and 430 jobs transferred to the Netherlands.Schaeffler Automotive and industrial supplier Schaeffler closed two sites in the UK,500 British jobs affected,Sony Like Panasonic, the Japanese electronics giant shifted their European headquarters from London to Amsterdam in the Netherlands.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant,Crown Closures, Bournemouth (Was METAL BOX), gone to Poland with EU grant, once employed 1200 British citizens, Hornby models gone. In fact all toys and models now gone from UK along with the patents all with with EU grants.
Gillette gone to eastern Europe with EU grant.
Texas Instruments Greenock gone to Germany with EU grant.
Indesit at Bodelwyddan Wales gone with EU grant.
Sekisui Alveo said production at its Merthyr Tydfil Industrial Park foam plant will relocate production to Roermond in the Netherlands, with EU funding.
Hoover Merthyr factory moved out of UK to Czech Republic and the Far East by Italian company Candy with EU backing.ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 British jobs,ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 British jobs.
Unilever the giant Anglo - Dutch Company, Dyson despite His support for Brexit? Easy-jet, Sony, LLoyds of London, and we can expect Airbus with its 14,000 direct workers + its supply chain of 60,000 workers to be victims. + Car manufacturers, ans a lot more, to many to mention.
Amsterdam, rather than London, became the most critical location for European equity trading, while London’s derivatives trading lost 75% of its euro volume to New York and Amsterdam.
pls do not bother Brexshiteers with facts ... pls not ! they are not interested in .... why should they ??.... Britain rules the waves...
So you're demonstrating that the EU hasn't lost much at all on balance. And that's why we will never be allowed back in: too many member states have benefited.
@@johnm2714 I have given facts and figures, each individual can judge the pro’s and con’s of Brexit, and on the subject of reintegrating back into the EU is possible, but will be complex and the United Kingdom won’t have the same deal they got earlier, I think after 1 year UK got membership in the EU, probably it was 1974, UK wanted to leave, and the famous motto was “we want our money back” it was the time of Mrs. Margaret Thatcher, UK thought it was contributing too much and was not getting much from the EU, then the EU decided to lower the fees for the United Kingdom, after some time the EU proposal for a joint army other than the NATO, was blocked outright by the UK, then came the EU citizens and Immigrants free movement “Schengen treaty” again the UK refused to sign it, then again the common currency “Euro” was proposed again as usual UK refused, so the other EU member states were perplexed, whatever was proposed UK was marching to a different tune, then in 2016 UK decided to leave, even before UK got EU membership Gen. Charles de Gaulle said, we are going to have problems if we take the UK in, and opposed UK membership,and in fact before Brexit many opposition parties in countries like Netherlands, and France wanted to leave the EU, but having witnessed the aftermath of Brexit, the chaos the economic impact on the United Kingdom, they changed there minds.
The bottom line is UK cannot face big economic giants like China and India, as the saying goes “United we stand divided we fall”.
UK government not concerned about manufacturing. Europe government sees them as important.
Good products, good business, good people will find their way with or without politicians wherever they are, in Brussels or in London. To be wise and perform for the better is always up to yourself. Europeans have to know what’s good for themselves as well as any other people on the PLANET which by the way is the most important deal for now.and ever.
Brexit was just a word. They are still giving more money to the EU than ever.
Ireland 🇮🇪 🇮🇪 🇮🇪 is part of the European Union 🇪🇺. Ireland 🇮🇪 is a Member state of the European Union 🇪🇺.
The video mention the significant impact to small and medium size businesses; forcing some to close.
What is missing is the impact to automotive, aerospace, and pharmaceuticals. These supply chains are very complex and cross the Brexit border multiple times. This is forcing more subassemblies to be made in the EU.
And it omits the impact that is still to come: financial services, where grace periods are ending one after the other
Saying Britain "Won" is like being the guy on a stretcher, head in restraints, face caved in while sputtering "You should see the other guy!" and he's just fine, didn't even break a sweet,
There was never going to be a Financial Advantage anyone could work that out. The real question was how much did the British value independence. Having seen how the EU reacted in negotiations we have to be better off outside, though it is costly.
Misinformation about Brexit matched misinformation about negotiations
After Brexit, hopefully, there will be less resentment toward the EU and one less "bogeyman" to blame and redirecting the UK to deal with the internal issues created in the last 14-to-15 years.
The EU was always a bit of a scapegoat for political issues in the UK. I know a lot of people who voted to leave for this reason, they just wanted our MPs to pay attention and stop using the EU as a reason for not doing what they were voted in for.
Still lots of Brexit voters blaming EU for everything.
The winner money speculators.
Loosers the citizens of Europe that include the UK.
I voted remain because neither side were offering anything that made much sense at the time. So far, the Brexit promises have been broken by those who promised it such as extra money for the NHS, more opportunities for UK Nationals, reduced migration, increased trade with the US. I am excited by the new government what they can make of the Shit show and see if we can improve trade with the EU and the rest of the world and return our economy to something it may have been had we not left the EU. This day, I feel the EU was a missed opportunity: We continually sent low hitting individuals such as Farage to the EU who only had one agenda. Had we, as a nation, invested in our MEP's, sent real time, money and energy in voting for harder hitters then maybe we would have been getting a far better deal out the the EU that we were getting.
Brexit leaders needed useful idi*ts who voted against their own interests like fishermen, farmers, etc but waved the British flag. Brexiteers got what they voted for and ... we are still in the transition period.
Turns out not that bad if a deal. UK contribution dwarfed by increased costs of doing business.
I don't understand this British obsession with always wanting to pick a winner. Live and let live. You go your way, the rest of the EU goes its way.
They need us more than we need them 😂
Loser: England
Winner: World (The disgusting term ‘ex-pat’ is dead.)
Uk is 3 world country .
The question posed by the narrator of this informative video is deceptive. It is not win or lose. There is no winner. There are only losers. Both the EU member states and the UK lost. If the UK remained inside the EU with its continental European neighbors then the EU single market would have been larger and more diverse. A larger and more diverse trading system can absorb unpredictable-high risk events. All the members of an intact EU single market would have benefited the UK and all other European member states. With the UK leaving the EU single market the UK isolated market would be smaller and less diverse. As a result, the UK would have more difficulty dealing with unpredictable-high risk events. The EU single market minus the UK would also be weakened by unpredictable-high risk events. But the EU market is 7.5 times larger and more diverse than the UK market by itself. A larger & more diverse EU single market enable the EU to deal with and recover more readily from unpredictable-high risk events. Therefore, both the EU and the UK were losers when the UK left the EU. In the long run the EU would absorb the loss of the UK and recover more readily because of its size and diversity. I cannot give you an exact number estimate, but qualitatively this is what would happen.
I would suggest that the EU is a winner with England now gone from the EU…
Your thumbnail is inaccurate btw🇮🇪
EU had sufficient dysfunction and policy compromises that many in UK were troubled. Once the debate got emotive and polarisd it wasn't possible to rationally debate how to price that. Overall few would disagree Brexit was a Lose:Lose gambit. UK lost ~4.5% of GDP and more in uncertain future growth. EU lost alot less but enhanced its 'ever closer union' policy aim.
"enhanced its 'ever closer union' policy aim"
So not a lose-lose gambit.
Both lost. UK lost more
The natural market for the UK is Europe, it must go in cahoots with Europe.
The UK is in Europe.
@@ab-ym3bf Not according to Brexiters!
its too early too see all the costs UK has to go through
The reason Brexit was a would-be-failure with mathematical certainty is the same reason all predict that India will be top3-5 country in the world in 50 years: Size in fact matters. NOT efficiency. Cause the ability to print new money is directly related to the size of your central bank. It’s a pity people that belonged to a former super power and ruler of half the planet once, don’t understand that. And it’s worse when you come to think that UK had many friends within the EU to affect its future and make the necessary changes. But that wasn’t the goal. The goal was different. Thankfully failed.
We didn't have 'many friends...to make the necessary changes'. That's why the negotiations before the referendum were ineffective. Germany and France took a deliberately bull-headed approach over the key issue that would have kept us in. Cameron was seen to have come back with nothing.
Historians will really not be kind to Merkel on almost anything she was involved in, and I don't just mean aspects of Brexit. It's taken 40 years to conclude that virtually every aspect of Thatcher's policy was a fundamental disaster (there are still things crawling out of the woodwork) but with Merkel, we basically know that now, and she's only been gone three years.
@@johnm2714 You are wrong, you had many friends like in Greece for instance. Your bargain was a bet against eu, to a small efficient economy like Singapore and trade with usa and commonwealth. Also most people in most countries, even in germany or france, would like uk in cause it makes eu stronger. What noone liked, was the "special exceptions" that you always wanted, plus obstacles to all changes. You got to understand one thing. Most people in uk who voted breaxit, hated eu. Most people in eu where sad on the morning we woke up with brexit vote result. Not because you are more beautiful or rich. We are more. But because we always admired uk management of things and people who were open. With Brexit you violated your No1 rule that made you once an empire: Inclusion. To understand of course why, you need to study history and especially empires that had full cycles of up and downs. Like Byzantine empire. There you will see why brexit was a bad idea. Finally dont listen to a german or a frank. Listen to someone who made and ruled the west for 2/3 of its history. Trust me, Brexit was a bad idea. Rome in order to win another 1000 years "killed Rome" and transfered the capital to Constantinople. You just cant stay UK if you want UK to stay strong.
@@Jimarass Thank you for your interesting reply. As a classicist, I have a great affection for Ancient Greek history and culture, as well as for the Byzantine period.
It is often the case that EU citizens focus on the exceptions that Britain insisted on. But a lot of the friction was down to inflexibility and intransigence on the part of France and Germany. The French have always sought to preserve their interests over a more common approach and the Germans can't take their eyes from the rules on the page. The rebate is one example and came at the start of our membership. We entered paying well above what we should have been considering the sums we received back by way of the CAP, which is basically designed to help French farmers. It took many years of complaining before this was rectified and, naturally, the French were sore about it. The size of our contribution had been set down on entry and naturally the Germans didn't want to move from that.
Another example that came at the end of our membership relates to the massive expansion east in 2004. Only Sweden and the UK (and Ireland because it is part of the common travel area and so probably felt it had little choice) agreed to allow the new citizens to move across and find work and homes in our countries as soon as they joined. All other EU members adopted the rule that allowed them to postpone freedom of movement for these new members for the next five/ six years. We played the part of good Europeans and we were swamped. Millions of people came from the east instead of the 10,000 that the Blair government had (bizarrely) expected. One of the things that Cameron asked for in 2015/16 was a pause on freedom of movement into the UK for a small number of years, which would help us to stabilise the situation and which would equate in effect to the pause on immigration that France, Germany and the rest took advantage of in 2004. France and Germany turned Cameron down. The negotiations prior to the referendum in 2016 were seen as a failure here in the UK as a consequence. The Germans just can't think laterally and the French were very happy to be French and do anything to undermine the UK.
And this is my view as someone who voted Remain. Nowadays I'm not too sure I would support an application for a second period of membership.
@@Jimarass I should also say that most people who voted for Brexit didn't hate the EU. Most Brexiteers didn't know what they voted for. There was no plan. There was no consensus. And many of the leading lights of the Brexit movement have changed their positions from what they clearly stated before the referendum. Some of the ordinary people who voted for Brexit were actually hoping that by doing so they would reduce immigration from India and Pakistan. Go figure! And of course there is that report that the morning after there was a huge surge in the number of Google searches asking 'What is the EU?' So no, don't equate the Brexit vote with hatred of the EU. It was as much to do with giving the Cameron austerity government a kicking as anything else. It was a manifestation of pain and ignorance. Even those who campaigned for Brexit didn't want to win the referendum: look at the faces of Johnson and Gove at the press conference the following morning. Brexit is very much a theatre of the absurd.
@@johnm2714 Thank you for taking the time to reply. In EU you would have many friends to help the changes that now as you see are coming. The story of EU resembles the story of ancient greek states and the fight of Germany+france vs UK , resembles the fight between Athens and Sparta on who will rule over Greece. What makes it more interesting is that both of them took money from Persia, in order to get a benefit over the other. Though both states where great with great contributions to Greece and the Western civilization, their mindset was stuck in them making them inflexible and resulting in an almost destructive civil war. The solution came from another city state, under Philip the 2nd. The father of Alexander and King of Macedonia. He envisioned a unified Greece and rejected money from Persia. He forced the greeks to unite in the battle of Cheronia. The rest story is history and involves the creation of the space we now call Europe and West. (Romans came 300 years AFTER these events and played in an already formed space). So, Brits and Germans, set your differences aside, regardless of who is more right, OR someone else will settle them for you! Alexander brought down and forced the Greeks to unify, but his love for the space was so big (as a result of his education by Aristotelis) that later very few Greeks, especially the Athenias, ever dared to criticize him. What I am trying to say is that we all recognise the problems of a union of strong "characters", especially when it is done in peace, which means all ask for their max gain (even USA was formed under a civil war). But our vector should be: We love our country in order to serve the union. The Union that started under Alexander, went on under Rome, collapses durign dark ages and fall of Byzantium and revives again now. What is done its done. Your goal now is to start feeling again what you really are: descendants of Romans and locals and those who traveled the channel and made Londorium. And dont let anyone from France or Germany stop you. But, to be frank, you never really want to cooperate. The UK government, at least as it is received almost by all, was always causing delays and problem. And the worst is : You cant claim that you worked for Europe when you were under exceptions. Even if its true, none will believe you. Its like an army general who says: " Go fight, I will be watching from behind the scenes so I don't get injured". UK (like other countries) fought for the saving of Europe twice. People dont forget that. But you need to use that and show really that you care about the union more that your ex- empire which is gone. Another last pro tip: Macedonias, before Philip, during the Greek-Persian wars, actually allied and helped Xerxes. Atheneans and Spartans never got over it. And they were right to be angry. What they were not right, and history confirmed it, was to inherit that anger and relate it with the Macedonia of Alexander. It was Alexander, the descendant of traitors of Greece, that made the political space for the West and made sure the Athenean civilization survived and is now the core of the West and especially Europe. Get over your conflict with Germany and move on. Apply for membership with ALL, incuding euro, and shock positively everyone. Spartans never forgave Macedonia and didn't help the war of Alexander with the Persia. Atheneans helped. When Alexander beat Persians at the battle of Issus, he send trophies ONLY back to Athens as reward. NOT in Sparta. BUT those trophies were 300 Shields, as the men that protected the hotgates. People dont forget.
Do you not know where belfast is? You clearly marked other capitals ..m
Now when Kabotas is logistis standar to EU Area, that meke big problen in UK logistig, when UK loriy don't have right to get load to EU area
Brexit has equaled a mess
Did the EU won after UK's exit? Michel Barnier (a true specialist) said Brexit is a failure for BOTH the UK and the EU...BUT, it turned out that many EU countries managed to cover their losses and even some gaining some benefits (Ireland, the Netherlands, France).
And what about the UK? All interested specialists (Sorry BoJo) now agree that the UK is worse off by 4% (initial estimate) to 5.1% today and Brexit repercussions are not YET all felt by the UK. Financial activities (once largly delivered by the City) are migrating slowly and the EU deadline is 2025 to repatriate financial activities in the EU.
I think after the french election stitch up loads of money and talent are flooding into the UK.
Getting Brexit and Covid mixed up. A common illiteracy it seems.
BoJo NoJo, Nigel Farage immediately left the scene after the referendum. And now they want a second chance.
@@user-iz3dq5sz3h Unlikely. If at all, then to Frankfurt or Amsterdam simply because Euro clearing has to be happening within the European Union.
Well sometimes people had to eat poop to learn their lessons...sad bad truth, but dumbness always comes with a prize...
Its incredibly difficult to see how Brexit will actually help Britain economically. Or in any way at all.
I suppose magic can happen but id bet the other way.
How on earth can England play in the euro champs ? Should be in the brexit champs , they should win it .
It looks like one of the worst thing brexit effected is divided peoples.
that look like why even starmer(i knew as he's a guy who claimed uk should remain until it actually happened. if i am wrong, comment please) doesn't try to rejoin
Everyone loves!
All this and they still dont tax the main earners in the country and just improve governance. More development aid for poor regions of the uk.
Brexit broke Briton it hurt the people who voted for brexit
People are VERY disillusioned with politics. Citizens of countries, for a long time have all been ignored by their representatives. So when given a vote on something that would "send a message" or just create "any" change good or bad people took it. Things like Brexit, right wing parties getting more popular across Europe or just Trump getting voted in power in the US are all examples of this.
Listening to Farage and Johson was like listening to your eccentric reclusive single uncles.
Because voters are ... how to say this? ... voters, referenda on complex issues ought to require at least 60% of votes cast before instituting massive changes.
Come back brother 😢
Can someone pls explain to me. Is there actually a border with customs between Ireland and Northern Ireland now? Thanks for the update.
No that border exists between NI and the rest of the UK. NI is still in the EU customs union.
No, there is no border with customs between Ireland and Northern Ireland.
Yes of course there is just get a chart, but there is no border control.
There is a border in the water between Northern Ireland and Great Britain 🇬🇧
@@trickslies844the UK is the entire United Kingdom. Great Britain…. is England 🏴, Scotland 🏴, and Wales 🏴….Leaving out Northern Ireland
Certainly those, who wanted to rehabilitate the conservatism as in inward-looking society, traditional female roles and religious revival, have gotten a breathing space.
Time will tell if they could make something bigger from this, or will the populace get disillusioned with their message.
Since then, UK passed laws against misogyny rather than sexism, against various forms of speech, etc.
BBC went so deep down the woke hole that they came out the far end, fast asleep.
what happens if the US loses the UK as an ally? Will the US care?
@@patrickchan2503 Yes it would. The US has a massive spy facility base in the Uk and an important joint military base with the Uk in Diego Garcia in the Indian Ocean. So the Us cares about the Uk remaining an ally.
That was stupid.
Everybody lost with Brexit.
The British voter was quite happy with the EEC - an economic trading platform. The switch to a European Union or political platform was never properly sold to the same voters.
The British voter was told what they were getting into and Britain had a vote and a veto. Now it has nether.
Brexiteers : Leave means Leave
Brexiteers are also Bregreteers 🤭🙄
I don't think the UK was compatible with the EU in the first place so the closer union most probably wouldn't have worked with the UK constantly stifling things. Though it did counter balance France and Germany on many issues that voice is gone. I seriously think brexit silenced other nationalist movements and probably stablised the Euro however now it seems that France is destablising the Euro, and Germantly looks to absorb most of the european capital as the best safe haven instead of being a contributor. The UK can no longer blame the EU, though they can blame China for Covid, Russia for Ukraine War, and still blame past conservatives government for stupid liz truss moments etc.
UK was on winning side of 97% of votes. Better even than France and Germany. Uk successful inside EU politics. What people didn't understand was that EU parliament had almost no powers.
The UK has always been a petulant child in Europe, never fully integrating and adapting. Well, let's see how it ends for the poor citizens, because they'll pay in the end. Not the government.
Airstrip One 😂
The uk lost mostly because of timing it was a bad idea to rush a brexit with an epidemic and war coming right behind it as for the EU i gues it was business as usual eighter the impact was so small that it wasn't felt or it will be felt in the future i mean considering there were rumours of this being the straw that breaks the camel's back aka the end of the EU
There was no epidemic or war at the time.
War started in 22 and epidemic in 20. Brexit been going on since 2016.
"considering there were rumours ... the end of the EU". Nothing much to consider here, since the Uk has been predicting the end of the EEC/EU/€ since its inception.
"The uk lost mostly because of timing". No the uk lost because brexit in itself doesn´t work. Cutting yourself off from free trade with your largest single import and export market next door will never work, in whatever time or circumstance.
...maybe the british subjects have realised by now how big this con was ....
Nope
I think the only conditions that UK should be agree for join EU Will be Schengen and Euro currency
They decided to leave and they did it, it is not Europe faut, okey! And they forgot then that if we are combined we are stronger but for them the money is before everything else so it does not nead discussion.
The base problem is that people didn't feel prosperous enough, so they felt like immigrants shouldn't come in if they still felt like they're struggling.
If everyone felt relatively well off, young people feel like they have a future and opportunities, middle ages working a stable job, retirees living out their golden years in dignity, this wouldn't happen.
This is partially because of lacking direct transfer of wealth to secure standards of living.
In Germany etfs are now taxed at 2.5% per year, so they should just do that with stocks as well.
Once you make more than x20 times median income, it should just get much harder to earn more, not impossible, far from it, but the curve should be steep enough to make income distribution look somewhat linear.
Incomes are flat until like the 99% and then it's a line upward.
Also so many public resources are lost in public infrastructure that is being resubmitted for review over and over because of a small majority who get to veto. Each inquiry costs like 100 million, and where is that paid to? That is just peak corruption, something/someone is able to make projects delay and require reapplication.
No we are not in the shit like them.
The EU is a protection racket. All it does it force people effected to pay higher prices for some imports, while charging to not have tariffs on other imports. Trade, by default, is free. They are also responsible for those annoying cookie pop-ups and not being able to take caps off bottles.
Like “protektion rackets” doesn’t exsists anywhere Else..
We all lost😢
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Yeah get connected to Miss Sonia, here's her line👎🏻
🇺🇸 +1854
206
Only reason why it dosent it isn't working is because our government ( 2016- present) dont want it to work and trying to derail it although they gave it to the people to choose the people chose and they haven't liked it since.
No matter who is in government, ntb´s are ntb´s.
The IMF did indeed predict that the UK economy, as measured through its gross domestic product (GDP), would be 8.8% bigger by the end of 2029 than at the start of this year. That would be more growth than it forecasts for France (8.3%), Germany (5.7%), Italy (3.5%) or Japan (4.4%).22 May 2024. Ha Ha Ha
To all intents & purposes the uk is still in the eu, the uk is still getting illegal immigrants from the eu & still giving the eu billions of pounds yearly.
Delusional. LOL!
@@nrspeed1407 the uk is still getting A LOT of immigrants from India, giving India billions of pounds yearly.
So... To all intents & purposes the UK is India.
@@morganangel340 the Republic of Ireland is still getting immigrants from Northern Ireland & still giving Northern Ireland billions of euro yearly….
So, to all intents & purposes, Northern Ireland is in the Republic of Ireland 😆
Immigration is small impact on the economy compared to the business that has been lost. Its a simple political manipulation of the public. Prejudice and fear
@@666fiat rubbish
It’s July 2024 and the UK’s GDP is leading any EU state.
We have had terribly incompetent governments which were abysmal in terms of leaving the EU. Investment in housing & independent growth would have been of benefit if illegal migration had been stopped. Britain was sold under Thatcher, the majority of utilities are now foreign owned & subsidised. Utilities are made richer at the expense of the people & should be privatised, we have a housing crisis as immigrants were prioritised for public housing. We should impose tariffs on EU goods to promote our own. Nothing is done to stop the drain on the economy by illegal migrants, we should stop giving housing & benefits to deter the influx. Without pragmatic policies enforced by government Brexit was a waste but could still be turned around with a better strategy. Most countries are unhappy with EU policies & are suffering too.
30,000 asylum seekers came in 2023 to the UK. Nearly 800,000 were allowed in legally by the supposed anti-immigrant party. Can't blame Europe any more.
"Most countries are unhappy with EU policies & are suffering too".
Projection, because being alone outside the wrm house in the cold and rain isn´t as much fun as expected..
"we have a housing crisis as immigrants were prioritised for public housing".
Strange reasoning. If there are 50 brits and 50 immigrants needing of housing, how does prioritize the 50 immigrants over the 50 Brits cause a housing crisis?
"if illegal migration had been stopped".
"the drain on the economy by illegal migrants"
How many illegal immigrants does the uk have? a few thousand?
And they are responsible for lack of housing and "independent" growth? How?
But the UK is the fastest growing economy in the G7 with 0.6% lower inflation than the Eurozone average, not to mention our global export market is booming as we are now the 4th largest global exporter leapfrogging France, the Netherlands and Japan. You fail to mention these and also not mention how we are doing versus other European countries such as Germany post Covid and the global cost of living crisis due to the war in Ukraine? Economically, the UK post brexit is doing rather well.
Where did you get this data from?
Try telling that to English farmers.
@@astrixmatrix75 The Office of National Statistics, the only true independent from government body and the best and most reliable source of data in the UK. And also the Chartered Institute of Export and International Trade.
You fail to consider that the act of leaving the EU caused damage to all concerned.. typical mindset
@@gaetanorasetti9734 You mean when a small minority of remain supporting farmer copied what was happening around Europe. That didn't last long did it.
Thanks to Brexit the UK is once again the only genuine fully democratic sovereign country in the whole of western Europe. Even Norway and Switzerland are eu rule takers.
Since leaving the eu gone down hill from slow COVID vaccinations to economic decline, demographics, no more cheap Russian energy and the bad brexit deal negotiated by the eu on behalf of its members more focused on punishing the UK than safeguarding eu trade.
Interestingly, UK exports to the eu are up, our economy is OK, we have 70 free trade deals including the pacific trade area , the NHS is getting more per week than the figure on the bus, none of the project fear lies came true and we also helped establish AUKUS upsetting the french in the process. Altogether a good start.
Meantime, in the real world, report after report - including the UK governments own figures - put the UK economy at 4 to 5% smaller than it would have otherwise been without Brexit.
GDP in Eurozone is 3.4% above pre-pandemic level, UK's GDP only 1.7%. Source: UK House of Commons key economic indicators. Brexit damaged the UK's economy significantly. Fact.
The EU is an ideological fantasy construct by some elitists. You have to have faith in it, and blasphemy is punished.
Your economy has been declining ever since you left, while ours hasn't. That's not an opinion, but a staristical fact.😂
And Russia isn't the only country with gas and energy.🤣
I can't even imagine being as blind as you.
@@insomniacresurrected1000 _You have to have faith in it, and blasphemy is punished_ Nonsense. Countries are free to join, and are also free to leave. Brexit is proof of that.
You are completely delusional...
AND IF THAT IS THE CASE WHY IS GERMANY AND FRANCE IS IN THE SHIT AND WE ARE NOT
And why do you write in capital letters??
Why do you think that Germany and France are in deep shit? Because they don't have so many food banks?? The depth rate of the UK is more than 100% of the GDP and in Germany it's 65% of GDP the lowest of all G7 countries. Seems that the UK success is built on depths and the taxpayers are suffering.
What are some of the negative impacts of Brexit on the European Union?
* EU Industries such as pharmaceuticals, goods, and road vehicles were hit hard in the EU.
*European firms had to reduce their investment in the UK which was lucrative before Brexit.
* European Union lost a significant power house which is the United Kingdom, especially in the Banking and Financial sector.
***********************************
What are some of the positive impacts of Brexit on the European Union?
The UK’s withdrawal from the EU had many positive impacts on the EU as well, including the following:
10% of UK banking assets have moved or are being moved to the EU.
Approximately 440 banking and financial institutions have left the UK and relocated to the EU.
7500 jobs have been exported to the EU in the financial services sector.
* Many non EU countries had factories,and Head Offices in the United Kingdom before Brexit because it was a stepping stone to tap the huge European market, and as it was English speaking it was relatively easy to establish.
A list of some companies shifted there businesses to the EU are the following.
Jaguar Land Rover - to Slovakia, Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant,Crown Closures, Bournemouth (Was METAL BOX), gone to Poland with EU grant, once employed 1200 British citizens, Hornby models gone. In fact all toys and models now gone from UK along with the patents all with with EU grants.
Gillette gone to eastern Europe with EU grant.
Texas Instruments Greenock gone to Germany with EU grant.
Indesit at Bodelwyddan Wales gone with EU grant.
Sekisui Alveo said production at its Merthyr Tydfil Industrial Park foam plant will relocate production to Roermond in the Netherlands, with EU funding.
Hoover Merthyr factory moved out of UK to Czech Republic and the Far East by Italian company Candy with EU backing.ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 British jobs,ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 British jobs.
Unilever the giant Anglo - Dutch Company, Dyson despite His support for Brexit? Easy-jet, Sony, LLoyds of London, and we can expect Airbus with its 14,000 direct workers + its supply chain of 60,000 workers to be victims. + Car manufacturers, ans a lot more, to many to mention.
Amsterdam, rather than London, became the most critical location for European equity trading, while London’s derivatives trading lost 75% of its euro volume to New York and Amsterdam.
we are😀
UN figures, 2022, the UK, the fourth biggest exporter in the world, having risen from Numbe 7. Ha ha ha.
These crappy vids are pointless. We left and are never going back so get over it!
The EU lost its Strongest Soft and Military Power, it's Second Largest Economy, its Second Largest Contributor and much more. The UK regained its freedom to make its own Trade Deals, join other Free trading bodies on a non-exclusive basis and decide its own Economic and Foreign Policies. Just 3.5 years in there are already Trade Deals with 100 countries in place, including the EU27, as well as CPTPP membership being well advanced.
It is of course very difficult to disentangle the effects of Brexit from Covid and the responses to it, and the War in Ukraine, but it looks as if the EU is doing badly and the US rather better with the UK somewhere in between. There is more to be done of course, but it most certainly isn't any kind of disaster.
One can only help but notice you only mention what the EU lost and what the UK regained. Didn't the EU gain anything? Didn't the UK lose anything?
@@rql7397 Good question! I'm not sure what the EU gained, although some say that their bad behaviour towards the UK stifled dissent in other parts of the Empire, though I'd say that's bad as it just shows that the EU is held together by fear which is surely not the image they'd like to project.
I'm sure the UK lost some small conveniences but not much compared to getting our country back.
@@paullarne Best thing is that Brexit swapped EU migrants with migrants from India and Africa...
Thanks for that.
EU lost SOME power in the global stage, but UK flat out disappeared from the world stage. Hmmm 🤔, a bit less powerful vs flat out disappearing. Which one seems worse to you my bot friend?
P. S. You are so desperate you are posting that same comment on EVERY SINGLE VIDEO related to Brexit. Sounds like a copium to me! Even the VOTERS in the UK are now voting for the pro EU parties! 60% of them and you are still posting your nonsensical comments. 🤪🙄🙄🙄🙄🙄🙄🤦🤦🤦🤦🤦
You need trade deals to replace EU trade deals. Therefore not that impressive.
Like saying the road was closed and we took a different road.
Well sometimes people had to eat poop to learn their lessons...sad bad truth, dumbness always comes with a prize... 🙄