Economists on impact of no-deal Brexit
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- čas přidán 5. 02. 2019
- A group of Brexiteers have launched their proposals for a free trade agreement between the UK and EU, claiming it will produce the "most advanced and liberalising" conditions ever seen.
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The document, under the slogan 'A Better Deal', sets out a range of proposals with the aim of reducing trade and regulatory barriers. So is it realistic or pie in the sky? We speak to one of the authors of the proposed deal, the lawyer and lobbyist Shanker Singham, who has become a trade guru for Brexiteers, and David Henig, from the European Centre for International Political Economy.
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Anyone else finding it really uncomfortable watching this guy on the left sitting down with his arms like that?
He's probably nervous knowing he's on tv in a debate with someone that is off the chart Brexit crazy trying to convince us with 51 days to go they know what they are doing , when clearly after nearly 3 years we're in the middle of this clusterfu*k .
He is English...😂😂😂😂 ohh god.. he isn't human..😂😂😂
Weird, right?
lol incredibly distracting :P
Its because he is a Westminster thunderbird puppet lol
Why would the EU give us a better deal as a non member? Thats like canceling your gym membership and expecting the gym to deliver their exercise equipment to your house.
You mean your gym didn't do that after you cancelled?
Look @ the Canadian deal...it's better than any EU members deal. No £ contributions...No free movement...No ECJ....hmmmm
Equally, the UK continuing to pay into the EU after its left is like your gym expecting you to continue paying for the equipment you no longer use!
@@awesomeavenger2810
Actually that happens all the time in real life. Lots of gyms do 6 month/year reduced rates or different packages that have minimum commitment times. Its not uncommon for people to drop out and not be using the equipment but still be charged for those remaining extra months.
@@enoch6450 Maybe you should take a good look at that deal -- what do you think it's better about it? And don't forget, it comes with a tribunal to settle disputes. Of course, it's not called "ECJ", but nevertheless.
Looool all the benefits of membership of the E.U. except outside it. Like that'll happen! 😂😂😂😂😂
basically be part of the club without paying the fee to be part of it......surely the EU will accept that
Death Wish yeah asking for a free trade deal like which they have with Many countries around the world that are not inside the EU, impossible!
@@cloudstrife206 no they don't.
And ideally just after screwing the EU by not honouring the divorce bill...
And how is "mutual acceptance of standards" possible if the UK is supposed to be free to set theirs independently from the European "yoke"?
@@cloudstrife206 Loool so 0% tariffs, zero quotas and full free access for our services sector? Let's hear the other countries that the E.U. gives this to? You think what the U.S. has with the E.U. will be fine for us?
Isn't this conversation two years late?
Michal yup
Yeah
Michal - Yes. This lawyer does not understand what a withdrawal agreement is. This is about losing every benefit and settling your accounts.
3 years late.. :D
Yes....
EU have clearly from day one said that if there is no free movement there will be no free market, keep fooling the sheepels that they can have there cake and eat it.
Access to the EU free market require free movement of people and EU laws have to be trump local laws. Even Norway that's not a member of EU have to abide by those rules to access the EU free market. The UK will never ever get a sweeter deal than that, period.
Free trade doesn't mean no checks. These idiots would like no checks on goods and to close the borders for people.
@@turquoiseowl I didn't know Japan had just got there trade agreement signed, however I think they might be harder on the UK for leaving the EU. Right or wrong I guess depends on from what viewpoint you are scrutinizing the issue, EU leaders that want to deter others from leaving or the UK.
@@mokkorista The funny thing is the borders are already closed as we opted out of the Schengen agreement.
@@sibience yeah, but Irish border is different, hence GFA.
turquoise owl The agreement with Japan doesn’t mean there are no tariffs. It called a free trade agreement, however, there are still tariffs on major economies like agricultural products, cars etc.
Why not start with EU sending Britain all their money, wine and women. I mean, this deal is a pure fantasy construction so let's be creative.
I quite agree, I’m looking forward to the common everyone can have a free Mercedes policy.
That’s the best deal I’ve heard yet ! Great proposal, let’s get that voted on in parliament. Corbyn would STILL be against it! 😄
They were sending it, but they complained about foreigners ans stuff :D :D :D
@name 123 What about fat bastards like me? :D
@@zorangyenis7394 xD
This is why I like channel four, they are criticising what the so called experts are saying and allowing people with actual fact to talk truth
There is no precedent for "managed regulatory divergence" in a trade deal. The UK will have to sign up to "level playing field" terms which means you can't drop your food safety and environmental and workers rights to a lower level than EU ones.
Funny reading this more than a year later: Now the Brits claim that level playing field was never discussed. All I wonder these days is whether the EU will go for no trade deal, if the Brits don't accept the level playing field.
This trade lawyer is a charlatan
What's more *he* is not in a position of actually having to make binding decisions.
No deal Brexit would mean a huge loss of jobs. On the plus side, my train to work will be less busy in the mornings.
d:...some don't cry; no cherrypicking anymore and we can study your experiment.
Good luck and bye bye
Are you 100% sure you will be on the train anymore?
@dagan_m Take a doggy bag you will need all the leftovers you can get
Like the 800,000 lost jobs after we voted for Brexit....
@@enoch6450 We are upto 290,000 already many more to disappear soon.
Brits believe they will Jedi their way into the single market without paying a price
Rotulino Rolon The uk does not want to be part of the single market. It wants a fta like Canada and others. The whole world sells into the single market as long as the goods are of equivalent standard. Extra friction will occur at the border but it will allow over time increased trade with the other 88% of the world economy!
brits just dont get it:: small island, not an empire anymore and you signed contracts and eu has rules .... summary we dont care so kindly leave us alone. oh, by the way youve been told that often enough: sign or dont, thats it. period.
Exactly!
@@turquoiseowl thats important for uk, only a small percentage for us,so who cares.
Want the benefits of business in Europe, but want to be outside the club rules? Yep! Their bound to go for that? Just saw a cow fly with a unicorn.!
😂🤣😃
that cow might be mine i am missing a cow ........i still have her passport .......she will not get over the border .....might demolish the backstop when it lands .....least we will know if the backstop works .......
@@turquoiseowl And that only took four years to negotiate and another two years after that before it goes into effect. Six years, beginning to end.
That lawyer blinks a lot. It's enough to make a person think even he doesn't really believe his own report!
As it happens, I don't think he does!
Well....... they obviously think Europe is going to leave the UK...... ;-)
Sounds like EU membership.
Without the membership fee. All the benefits and no obligations. The level of delusion is staggering.
Yes, or Norwegian deal.
Pay full membership fee but receive non and have no say.
So basically the offer they refused.
People don’t realise the UK is about to cut itself from the biggest market (besides the US) in the world, which is only separated by a few miles. People really don’t understand the major effects a no-deal brexit will have
@turquoise owl Good luck trying to sell your stuff into EU when we (the consumer) have the chance to buy on other country without having to deal with custom taxes. You might be able to do it IF the GBP drops really much and, in that case, you will have to face a life cost way bigger than what you have now. Global market is here to stay unless you all want to go back to herding cows.
@@turquoiseowl I stopped when you said there won't be taxes. Enough said. You definitely want a Brexit having the best of Europe has to offer: border free market. Keep on dreaming!
Pie in the sky again - baked from the finest thin gruel.
Who trusts a lawyer 2019?
Singham is a transparent grifter. The UK is turning into the U.S., grifters galore.
It was the prototype for that. Britain is the second longest running criminal enterprise on the planet - after the Vatican.
They wanted a government that is littered with lobbyists, let them have it they can have maggots in their rice just like the US.
Brits have always been grifters
Wait, isnt the EU a free trade zone for its members?
That bloke on the left. I'm glad his arm woke up and joined in the conversation! 😂
He was bemused by the other guy's stupidity.
the single market works because everyone follows the same rules....still chasing unicorns!
...yes, that's basic economic trade policy.... if you don't have that, then why would either party enter into an negotiation?
@@turquoiseowl you are correct on both statements, but what does this contribute to this commentary? Freedom of citizenship (which I assume you have mistaken for freedom of movement) is an attribute of the single market as a whole, but the single market is not an example of basic economic trade policy. It is complex and heavily applied.
@@turquoiseowl Fair point! It is something the EU has wilfully ignored despite a lot of concern being expressed over it. That is one of the reasons why I can understand the Brexit movement. And typically the EU hasn't handled it all to well for everyone concerned, but that's the standard politician for you.
Brexit quite literally caused Britain to fall apart. RIP
Really? How has it LITERALLY fallen apart then?
Paul Anderson Just wait
@@anderslee99 no not true it has not fallen apart ......its been torn apart from the inside ........
Is no one questioning why they only pulled this out now, weeks before our departure 😂😂😂 .
Where where all these plans for the past two years???
They pull out fantasy plans overnight because Donald Tusk called them out. The state of these leading brexiteers 😂😂😂
It was agreed last year that MAY's !! idea of a border in the Irish sea was the way to go, the EU, May and Boris signed that agreement . The DUP found out about it that afternoon and ordered May to get her butt over to NI , she flew over immediately only to be told by Aileen Foster , that she can forget it , so it has been going on for nearly a year now.
A free trade deal would have been perfect for both sides but the UK government is too stupid to demand it and the EU would be too stubborn to expect it.
More fantasy trade agreements from brexit clan... Look forward to losing thousands of jobs while this guy gets his deal smacked down.
Yes Whats Happend to north Irland 🇮🇪
I am from Austria and i think its Crazy
No one knows!
@@anthonyburke5677 I know.
They will leave the UK. Probably inside of five years, maybe much sooner.
you are just about at a safe distance in austria.......
George Doorley
But i read a lot about the History and this make my sorry 😐
@@prophetsnake
That is a possibility but no one knows!
The title is “Economists on impact of ...” but one of those clowns is introduced as lawyer and lobbyist...
and clown.....
A humongous unicorn is again. If there is a hard Brexit food prices will go up fore years to come.
The having our cake and eat it approach is still alive. Does anyone notice that the UK will be out by the 29th of March? By the way the withdrawal negotiations have been concluded between the EU und UK over a month ago. This is the negotiated deal after 2 years.
Why do you give these people air time?
A free trade agreement sounds like we'll have to bail out corporations with our tax payers money again. How about a fair trade agreement?
That is not actually allowed by EU law but could be allowed by British law after Brexit and you can bet your boots the Tories, once allowed too will be lining their mates pockets . They will have to be careful though as the WTO rules could catch them out on that one too.
Another unicorn seller
4:40 hits the nail on the head perfectly.
Wow. How come I didn't I think of that.
This is a discussion for the next phase when the future relationship is negotiated. For the current deal, the one May still has to get through parliament it has no relevance. Waist of time talking about this now.
As an outsider I invoke the right to make stupid questions. Here it is: How do these experts plan to make the EU swallow such an ingenious proposal? That’s the only piece of the puzzle I couldn’t grab. The argument regarding UK-US trade agreements is a joke.
Clearly they thought the EU needs the UK more than the UK needs the EU. So basically, the Brexiteers are British exceptionalists who think the Continentals are stupid.
...is that a cherub with an automatic rifle on his tie? :D
I am amazed of how different my oppinions and point of views are from the mainstream.
The way I see it, in th EU we just have to wait and watch.
If Brexiteers are proven right and Brit's life becomes much better outside the EU, we dismantle the block and copy what the UK did. And say thanks to UK, btw.
Otherwise, just keep watching and laughing at the hilarious comedy performed at the other side of the English channel.
Its a WIN-WIN for us, no hard feelings needed.
Credit to Shankar Singham. He's actually trying to publish a Brexit plan. It's not good enough to make me think Brexit can be done beneficially, but at least he's trying. Of all the people who campaigned for Brexit for decades, and all the millions who voted for it, he's the first. And he's doing it now at the last minute. That says everything you need to know about Brexiters.
The NI border remains unsolved, and "the lawyer and lobbyist Shanker Singham" isn't the person who can solve this.
So ... current options are (1) hard border and break the GTA, (2) delay Brexit or (3) cancel Brexit.
What a mess!
OR DELIVER THE PEOPLE'S VOTE (17 MILLION PEOPLE BTW )TO LEAVE THE CUSTOMS UNION AND GO INTO THE WTO.
Laughable stuff from the guy who now pretends to be Scottish!
How does what you want work when the DUP will block it?
The Good Friday Agreement and Article 50 make that incredibly unlikely!
Indeed! So option (1) is basically off the cards.
@@emm_arr If option C) happens there will be civil unrest due to democracy being overturned, so that's off the table.
really, 6 weeks before the deadline. They had 2.5 years. Why now? Fools !
Neither are economists. Just saying. Oh and reality and history both say the idea that Britain can dictate terms to the EU is utter bullshite.
The new plan looks a lot like the EU
Yep, all the benefits of the single market without paying for it. I cannot even begin to imagine the level of delusion it takes to believe the EU will agree to that.
He's making it up..
what about the trade and travel treaties between Ireland and the uk that wil reamin in effect after we leave the EU. incuding the irish free travel agreement
Thay dont get it..... thay think thay hold more cards then the EU....its efin embarrasing.....would be time to get of the high horse coz right now thats just clinging to some past greatness
classic channel 4, "so what you are saying is .... isn't that a ridiculous proposition", "people who did this mislead people, they had no valid propositions", " how can you leave something that hasn't been left before ? How could you form any valid propositions" - I'll let you draw the circle
Where does this less barriers on trade with US meme come from?
It is pretty common knowledge and there are several shifty associations working towards both the UK and the US deregulating Agri foods standards . Trump has told May , she must be able to drop standards, if she wants a US trade deal. This explains some of it , the video towards the bottom with this guy above Shanker Singham is very telling of what will happen to British food , when one of his donors is an American beef hormone supplier - www.brexitshambles.com/brexit-scam-we-need-to-talk-about-tufton-street/
@@cuevasbazavista3550 jesus ye will be wired to the moon on all that hormone treated beef .......viagra sales might suffer.....?
So a guy say I have an idea, and presenter seems to just says your talking to quick so it's a bad idea...
You can propose amazing deals for the UK but the EU might not accept that. Have your cake and eat it.
Its ok the UK will ofcasue lose money, no problem they say. They seem pleased. Remind me again why the UK losing income is a good thing?
It is easy unicorns will be an endangered species & we got them all , simples .
They might finally realise their own arrogance. That or starve. At this point I'm fine with either.
@@turquoiseowl I'm so sorry I have to burst your bubble with facts. I know you leave people hate them.
1 The "EU" is not one country it is made up of 28 (inc the UK) individual countries.
2 The UKs sales to the "EU" = 44% of the UK's exports. The "EU" exports to the UK amounts to
So, what I'm hearing is that they want all of the benefits of EU membership, none of the costs or restrictions, they would get to set whatever regulations and policies they desire, and that the EU would have to accept those regulations as if they were their own. In what fantasy land would the EU even consider, much less accept, such a deal? That's just absurd.
Another example of appalling Channel 4 bias. Murthy didn't interrupt Henig once. He interrupted Singham constantly. He should have allowed Henig and Singham to go head to head. Why not? It's obvious.
Just a dream like British always dreaming of.
These people are trade experts. The interviewer ought not to cut them while they're explaining.
expert might not be the correct term ............
C4 News anti Brexit position firmly established here. And a perfect example of how NOT to perform an interview.
You can't really blame them, can you, given that Shankar Singham was suggesting the EU give the UK membership benefits (= mutual recognition of standards and more) without any of the obligations? That was insanely idiotic and only speaks of English exceptionalism and the stupidity of Brexiteers.
The interviewer keeps interrupting all the time,and dos'nt ask fair questions.
We already have a free trade deal with the EU.
Since when does labour care about economy
Here you go again, Brits are living in a Dreamland which does not exist.
@@turquoiseowl then cancel art 50 and let the eu do all the hard work for you .... just as they have been doing since uk joined in 72 ........uk have done well out of eec membership .......i am old enough to recall what it was like before ......... when hard graft was hard graft ...........
European union is 27 countries their rightly are going to protect remaining members . With regards Ireland and the back stop . Good Friday agreement must be respected no border is part of that international agreement. Should the British government back away from their promise that will highlight they can't be treated on agreements of any kind . I hope European union stand with Irish government with regards no border.
5:26 Haha... "you push those checks back".
If people can cross the border without any restrictions, the checks become voluntary and nobody will do them.
And the award for the "Most Awkward Sitting Position on Tv" goes to.......
Hey Krishnan Guru-Murthy. Is the use of Biscuits n Tea (Verhofstat) as ignorant as BongoBongoLand (Farage)
.
This is ridiculous. Channel 4 should not given this none sense a platform
You have a none .sic, sense argument.
too much purple for me
watch his hand he is so nervous
Why doesn't May just agree to regulatory alignment and stay in single market. Solves all issues
@@turquoiseowl that can be done at a later date ..........2050 .........
Leaving the single market was supposedly one of the main issues for Brexit in the first place.
OH! Your proposing a management of divergence mechanism. The EU didn't know that, if that's the case forget what we said before and feel free to access the single market without any reciprocal commitment like that required by all the other member states. Why didn't you say you were proposing a management of divergence mechanism, silly?
Dream on!
What are these on the anchor's tie? Cherubs armed with AK47? Very normal, moving on.
The problem really seems to be that throughout the UK / EU discussion, the impression has been made that the British could negotiate, as with a like business partner.
That's nonsense. The EU is made up of 27 states that have to compromise to take advantage of it. The UK was the 28th
Now the UK are leaving and they think they have something to reach from the outside, something the 27 can not do from the inside. insane.
He sits in a funny way.
If you can't dazzle them with brilliance, baffle them with bullshit.
That’s how you run a country people, wait until people, goods and services are well within your border before you do checks on them. That is the sane thing to do, no one will ever think to switch out illegal migrants with a sympathetic local before they reach the checkout station.
Here's a proposal by those in favour of Brexit.
Now lets first hear from someone who's opposed to that proposal.
We see what you did there.
Ugh 😑 the EU should be falling over themselves to give us a free trade deal.
Ofcourse, the answer to everything is no...
No where in the Good Friday agreement does it say Hard Border or checks at the border.
Do you guys are thinking of this just now? 😂
England and Wales alone, Ireland united, Scotland free and in Europe, and London a free UN city. Move on, leave little england to themselves.
We are leaving no deal was mentioned until they got the freight of their lives when leave triumphed.
Can we change the name EU to UK and leave everything as is? The name change will be cheaper!
"Brexit means Brexit". Sounds true? But isn't. Look at this one, "crime means crime". Does this mean murder is the same like stealing an apple? Obviously not. In the same way Brexit DOES NOT mean Brexit. People who voted for just leaving the EU did not vote for leaving everything and crushing the whole economy. There was just a marginal victory for the Brexiteers overall. So, the referendum must be honored, but the other half of the voters must be taken into account by implementing the Brexit.
Actually there is only one solution left to ensure all needs of the british people and the irish people too. There is only one option left for a Brexit including a deal and avoiding a hard border in Northern Ireland. That is to leave the EU while staying in the customs union. If you do not want this, you will end up No-Deal or run into a second referendum.
Leave means leave. Sign the UK open petition for a no deal Brexit 350,475 MBGA
Brexiteers real slogan "Brexit means No Deal Brexit"
@@turquoiseowl clean as a baby's used diaper
it's a lie to say its the EU or USA, its the EU or the world.
Uuuum, fantasy dungeon and dragon economics. I have a level 12 magic user who can turn faeces into gold coins.
Host of the show. But fuel prices are going up. We can mitigate it. They already doing this for 2 years to pretend oil prices not going up. But now they would be 1,40 per liter. Uk is was bluffing in to get the sweet pie with no work. Similarities with people themselves anyone wbo worked in uk?
muaaahahaahaha - EU will fellow UK-Rules? Ehm you islanders hear the birds singing!? 27 countries shall fellow UK‽ Ey Brits: You're no longer the British Empire! You're a relict of an Empire like France, Germany, Austria, Spain and Portugal!
Tusk will not allow that :)))
Of course it is non sense he is acting like a market of 60 million people is on par with a market of 500 million and a 13 trillion euros economy. The EU adopting the UK's regulations ? Good luck for your trade deals w/ that kind of thinking, you are gonna need it.....
Why would the EU make exiting easier for England? How stupid would that be? Why make it easier for a country to leave? Why not make England an example for any other country who might consider leaving?
More than that, it's (in my opinion) the UK which has made it harder for itself. British politicians and negotiators had two years to come up with what they wanted and negotiate a deal. And while there is a potential deal (May's deal, which is massively unpopular in the UK) they still haven't been able to reach a consensus.
And some people, like this lawyer, show a remarkable ignorance or hubris in what they think they can ask without giving enough in return. It's not time to look past party politics and populist messaging, it's long past that - I doubt any deal will be able to be reached within the time the UK has remaining.
Kris put him to the sword !!
He is making everything up.
Brexit is completely insane, but the Brexit guy made a valid point about negotiation strategy. Is he unrealistic? Yes. But it's better to start off that way and work towards something palatable to both sides. The host really should have let him talk. Shout out to the awkward weirdo Remainer.
Singham, ex shill for Legatum, ex advisor to Liam Fox (that's been a stunning success, hasn't it?) and a BRexit lobbyist. Of course, the ERG loves him. However, his latest output relies, once again, on Article 24 of GATT. So here's the House of Commons Library briefing on Art XXIV GATT. However many times Brexiteers say otherwise, if we don't have a trade deal with the EU, we don't get an opt-out on the tariff rules... [commonslibrary.parliament.uk/brexit/no-deal-brexit-and-wto-article-24-explained/] Lorand Bartels (a real trade legal eagle) tweets: "It’s amazing how this awful misinterpretation of Art XXIV GATT won’t die, no matter how many times I point this out, directly to @ShankerASingham among others. Is there an underlying reason it is so popular with Brexiteers I wonder?"
Build a wall between England, Wales and Scotland.
no just pull out the plug and let it sink beneath the waves of the north sea ........