The Growing Regret of Brexit and Economic Costs
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- čas přidán 29. 11. 2023
- A look at why Brexit became unpopular due to rising costs and the difficulty of negotiating a deal that many had hoped the UK would be able to get. A look at economic costs and why some will continue to grow.
Graph at 3.52. Labels are wrong way around. Sorry! correct graph at
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I have a new video which looks at the problems facing the German economy. czcams.com/video/OKuCtXWWDpk/video.html - It's not just the UK in the doldrums!
So Brexit made everything worse for everyone 😢well done Brexit 😢🤦
However, the UK's economy is yet to recover from pre-pandemic levels. Also, the UK is in recession and the UK's economy has been stagnant and will remain so. Inflation is France was 4% whilst it was 11.5% in the UK. Germany will recover much faster than the UK after not falling so far.
Many countries in the EU including Germany and France are fed up with the EU Wake up you lot.
@@johnhopkins4012Support for the EU has never been stronger and this has been strengthened in seeing how the UK, under populism, is falling to bits. Everything in the UK is broken and the Brexers caused it...Most have woken up to this, but the nutters still think Brexit was a good idea...
@@binkyboobosh1Sorry give us those numbers again!
The best analogy I’ve seen for Brexit was: People built a bridge to make access to the other side faster and easier. Of course, bridges need maintenance to remain safe and quick, so taxes had to go up a little. The people didn’t like paying extra taxes, so they destroyed the bridge. Now, they’re left wondering why it’s so difficult and even more expensive to get to the other side than before.
Excellent analogy. It seems it's the domestic aristocracy conning people with the "Brexit" manipulation while quietly continuing what they've always done shifting entire cost and burden onto working people.
don´t get why one would need an analogy. They almost always fail, and if you need to explain brexit with a simplified version you´re talking to the wrong crowd.
@@ab-ym3bfSadly the wrong crowd makes up the majority of any countries voter base. Most people don’t keep fully informed so only engage using simple statements facts and statistics repeated by politicians.
@@dkoda840 I don't think there's no "wrong crowd", one can't expect regular everyday blokes to understand even the basics of economics, It's not their job knowing, it's the politician's job explaining it properly to them (which they almost never do, hence the dilemma)
@@wotermelon_While I agree the average person won’t understand the nitty gritty of every or even most situations, yes we absolutely should expect them to know the basics matters, at the very least surface level issue. It’s ultimately the people that decide WHO the politicians are. Also yea as you mentioned why would politicians be honest when they know people will vote anyways and can be easily manipulated. Yes everyone should be informed on present issues and grasp the true importance of engagement.
Imposing economic sanctions on your own country is wild
How so . Read pages 29/30 since 2006 and tell me how your statement makes any sense whatsoever? researchbriefings.files.parliament.uk/documents/CBP-7851/CBP-7851.pdf
Makes a change from the eu doing it .
Ridiculous. Brexit was failure,just admit it.
What price for Independence. As long as we're out.
I think they are learning from Russia. Bcos when sanctions were placed on Russia, Russia's local economy pretty much grew.
So I guess UK is trying to do the same so their local economy can grew 😂
"Never underestimate the damage stupid people can do."
Exactly ! Just wait a few years & see where the EU is then ! Brexit was a smart move , take it from me !
@@fanghan7555Now who is stupid? How to find out?
Remember YOU your worlds and in the future you will know... 😂
@@petr1079While Europe is becoming ever more like Islamabad, Britain will be white and strong!
@@gentlemanvontweed7147 Well, ignoring the racism for a minute. Did you not notice another effect of Brexit? Net migration from outside the EU is now treble what it was before Brexit. So because of your inability to connect cause and effect, you are getting exactly what you don't want. Karma.
Yup. They were groomed and radicalized - They believed the lies 😂😂😂
Most people in England are so confused about life, they are more worried about immigrants then the super rich stealing all their money.
England has such a “good” reputation for stealing money that even Russian oligarchs come to London.😇
@@ettoreatalan8303 And now England is seizing their money as well for supporting Putain!
That's true for most of the world, I Iive in the global south and even here right wing populists have the gall to blame immigrants for problems caused by the top 1%.
It's same in U.S. and elsewhere unfortunately.
Same in germany
One UNDENIABLE BENEFIT of brexit has been that it has completely dissolved any support in other countries to leave the EU !😊😊
Sure about that ? The EU came about as a consequence of the absence of voters actually voting for it?
@@garrywynne1218yes. All parties in Europe previously proposing leaving the EU have quietly dropped that proposal from their literature.
So yes, we can be pretty sure of that.
@@garrywynne1218as for your claims about voting ... You don't half talk some twaddle. Many eu members require referenda to approve treaty changes.
@@verystripeyzebra If the UK had had such a requirement, the Maastricht Treaty would never have passed.
@@georgesdelatour maybe, maybe not. But we have a representative parliamentary democracy, and people were comfortable with it, they didn't show their disapproval in any subsequent elections.
EU membership was always a fringe issue, and not high on thec list of priorities.
But that's in the past, you just have to worry about the europhile demographic now being of voting age, and the Brexit demographic being 6 foot under.
Most British newspapers aren’t interested in facts and reality.
Remove the word "newspapers" from your comment.
And so do most of the Brits, living in the past and failing to understand how the world moves brings one down hard, as seen here.
Reality is so bad, people don't want to know. Reality does not sell. Hope, fun, scandals, murder, etc. sell.
The British actually fell on misinformation and lies by the rampant liers.
They just care about scandals
Thank you for pointing out the issue that always makes my head spin … the UK wasn’t just in the EU, they had an advantageous arrangement with the EU that the other members didn’t have. They had their own currency and monetary policy. They were out of Shengen. They had large representation with in the EU parliament. So rather than use those advantages to steer the EU in directions the UK wanted, they just chucked it all in. If and when they rejoin, it will be without those advantages. Insanity.
Nah, UK never rejoin. They just become struggling country forever
They will not be rejoining. Day by day the EU dictatorship becomes more evident.
Not using euro and not being in Schengen weren't "advantages" though. It's not like other member states are forced to do it despite it being a terrible deal. Quite the opposite.
@@samomuransky4455The rulers of those states or the citizens?
I can't see us rejoining. There is no way we could afford to join as the pound is too weak and the country is operating terrible.
Going over to the euro would mess up everyones money and finish off the UK banking industry.
The EU won't have you back. There's no way that 27 countries will agree to vote the UK back in. Arrogance and ignorance has a price .
As a Brexit supporter, good. I love Europe, and lived there for a while and have family there. It's a lovely place. I just don't want to be part of a political union. I'm sure lots of Canadians love visiting the US and have many American freinds, but they don't want to be part of the USA. Meanwhile, the UK led the way supporting Ukraine while other European countries dragged their heels, and we have British troops in Estonia right now in a major NATO mission to protect Europe's border. You're welcome.
@@karlbassett8485 When will you brexiteers get it into your heads that the EU is not a political union. It's an economic and free trade area that tries to coordinate it's activities in order to make life better for it's citizens. Laws that protect workers rights , the environment , and the removal of barriers to free trade are among it's primary objectives. The euro is the main currency but it's not compulsory it's just another means of making trade easier. Britain never tried the eoro so knows nothing about the advantages a common curency can deliver , no exchange rates for example . As for this myth of political union , when did France unite politically with Malta ? When did Germany unite politically with Sweden or Ireland or Finland for that matter ? They didnt , they wont and have no desire to do so. That caused two world wars and was the fundemental reason for setting up the EEC in the first place.By the way the Poles and the Baltic states were the first to go to Ukraines defence and in case you didn't know they are members of the EU, there was no one dragging there heels ,and your very welcome.
@@karlbassett8485 can uk afford the cost of ukraine?
@@karlbassett8485 " love Europe, and lived there for a while", so now, as a brexit supporter, you have left the Uk?
@@karlbassett8485 "the UK led the way" only in the Uk media. Elsewhere it was widely reported that the UK was still performing financial services (money laundering) to Russains, was helping Oligarchs to circumvent restrictions and left it to the last, after behind the scenes words from bith Eu and USA, to stop stalling measures against those Oligarchs. Not to mention the refusal to take in a lot of refugees.
Hard to see how imposing economic sanctions on oneself could have been a success. The benefits of Brexit were always going to be emotional.
And blue passports! Or so.
No actually hard export benefits and not the illusory benefits of membership based on the economic nuthouse model with SM FOM. The EU was always a political destination that no one one voted for. You can see here that since 2006 U.K. exports to the EU as a percentage of total trade has been declining since then . From 54% of total to closer to 40 now. Meanwhile export of services to the EU have shifted to a £42 billion surplus . It’s interesting that services have never been governed by the EU and isn’t under the TCA either. Meanwhile in cash terms to the rest of the world in the same period as above they have doubled. The EU was simply a declining market of importance to the U.K. researchbriefings.files.parliament.uk/documents/CBP-7851/CBP-7851.pdf
You can turn this around: Hard to see how giving up its border control could have been a success. The benefits of full European integration were always going to be political and emotional. You see! You have a point but opponents also have a point.
our immigration is a record high this and last year. But instead of having civilised Europeans we've got the scam from all over the world. How is this a "border control" and how is this a success?@@mradventurer8104
@@Achies31397 - it was never the status quo as we had seen from Maastricht to Lisbon
“The worst thing about selling a blatant lie, is trying to convince people the benefits, long after they’ve fallen for it.”
That's the EU for you and the leaders of the EU 27, formerly the EU 28 selling us that lie
Yeah a bit like the politicians selling the initial lie. Ted heath "No loss of sovereignty" later going on to declare he knew the UK would lose lots of sovereignty to the eec/eu treaties. In fact no loss of sovereignty EXCEPT the loss of UK sovereign waters on day 1.
Hi Ho , brexiteers with mansions in Spain are leaving , now by € investigating they haven't declared cash income from renting out !
@@thetruth9210 Like the dubious £350 million on the big red bus, then in 2018 theresa mays budget awarding the NHS an additional £394 million per week. We could start right at the beginning with ted heath "no loss of sovereignty" as he was giving away UK sovereign waters.
Quite happy in Spain (22 years ) but like 17 million of us in 32 countries denied the postal vote what pisses me off is that many flew to the U.K to vote leave ,came back to use our fabulous free health system .Have tried again using the govs email = permission denied ,we have a cunning plan load of poisonous black Adders ⚫️
Since January 2021 my company has an extra 200k per month of import costs, we put our prices up and restructured a load of people, all large companies would have done same, smaller companies bankrupt im sure. Tragic.
You can now buy from anywhere in the world now or god forbid in your own country where they benefit us .
@@pincermovement72leaving the EU didn't mean you can now buy from the rest of the world. And buying things in the UK, if it's more expensive to do so, still means he'd have to increase his prices. Leaving the EU seems like nothing but a huge mistake so far
When the UK rejoins, no special dispensation, they're all gone, we'll be using the euro.
@@user-pd9ni8qu3h Why do brits always talk about this as if it were a bad thing?
@@pincermovement72 Can you explain to people how you couldn't buy from the rest of the world before Brexit? No, you can't. I have some magic beans to sell you.
To loosely quote Mark Twain, it's easier to fool people than it is to convince them that they've been fooled.
...which is why were were in the EU for 40 years, paying membership fees while other countries paid less, literally paying for the right to be isolated from the commonwealth, to have our industries relocated to the EU, and paying premium for a trading relationship that literally cost us money....
@@atlasnetwork7855so now you're better off?
@@andreabianchi6156 No, we are in a situation where we're leaving our parents home relearning how to live our lives. So it's going to be horrible and it's going to be painful in the short term, but we can't as a nation live in our parents basement our entire lives (so to speak), this introduces conflicts of interest and we are assuming that other nations have our best interests at heart - which of course they would not, why would they? Their interests are their own interests first, followed by their respective nations.
So are we better off ? Right now, we'll be slightly worse off, but in the longer term this is the right thing to do.
@@atlasnetwork7855 I truly disagree with you. It's not relearning to live on your own, it's more shooting yourself in the foot and refusing crutches, so now you're just crawling around pretending it's normal.
There Is no short term or long term, there Is only how long it takes for the ship to sink once you've started taking too much water.
@@andreabianchi6156 There is absolutely no benefit whatsoever to being ruled by another country.
8:00 "Perhaps it would be British workers wanting to go and work in other parts of Europe" - during the 1980s and 90s it was a pretty common occurrence... but people's memories are short.
A number in the low tens of thousands, we got 7 million on this tiny island that decimated workers terms and conditions, making the basics like housing unaffordable. Polish alone sent £100 billion back home alone , how did this benefit anyone here ?
@@pincermovement72 The archetipal "Polish plumber" kept prices artificially low for the middle classes and the 'aspirational' Tory voters, for example. Whether it was a price worth paying, different question.
@@pincermovement72Re sending 100 bn back home...
Ever heard of taxation?
For that matter don't you understand that when the UK's unemployment rate was so low, there would be nobody else to do this work? But doing that work allowed offices, factories and houses to be built that otherwise would not have been built. Which meant that the UK's capacity to make money, supply its own needs and export to others profitably also increased.
Do you not understand that more people with money in Poland who buy British goods and services is a good thing for British businesses who sell to them?
Do you not understand that getting skilled workers when you need them yet not have to pay for their entire expensive education (including 11 to 13 years of primary school, secondary school, college education and in-work professional training) or take on the risk of that yourself is a huge economic advantage?
Do you not understand that those sending money back to Poland are doing so because they are going back to Poland, too, after a few years in the UK? Which means besides getting the benefit of their education for free, you don't have to pay for their old ages either: all those NHS bills and social care costs. And don't you understand that despite not really benefitting from all of those education, health and social care services in the UK, those Poles are actually paying via tax and NI for British kids and pensioners to receive them?
Do you know nothing about the way that the British economy works at all? Because you're certainly doing an excellent job of demonstrating that.
Your economic illiteracy is staggering. Clearly British education at the time that you went to school was sorely lacking. Your far better educated younger generation get it, however. That's why they (and the vast majority who ever went to university) opposed or would not vote for Brexit.
Economics is not a zero sum game, my friend. It can be and has been a win-win for everybody. Poles get richer and Brits get richer at the same time. The economies of both countries grow.
People like you complain about things like housing becoming unaffordable because of things like immigration. But the truth is that the UK has simply failed to build enough new houses since the 1970s - long before the Poles arrived - and even I couldn't afford to get on the property ladder in the mid 1990s with a degree, a masters degree and a skilled engineering job. The other reason is that all rent controls in the UK were done away with (unlike most European countries) and public sector housing which was reasonably priced was sold off and councils were not allowed (leave alone funded) to replace it.
Most of those ex-council houses were bought up by a small number of private landlords (and many of these being foreigners who don't actually live in the UK or even Europe, funneling profits via off shore companies and tax havens that the UK particularly excels in).
You want somebody to blame for expensive housing, poor public services and huge sums of cash leaving the country? Point at the people who are actually doing this, mate. Not immigrants, who being of working age have consistently paid their way and contributed more (not less!!!) than their fair share.
You really have no idea. But if you were right then all of those European workers going home after Brexit would have instantly fixed a huge chunk of Britain's problems - particularly with regard to housing. It didn't. Take a hint from this: you were wrong.
And mate: immigrants move to a higher wage country to earn the wages on offer in that country. Not to be paid less than the locals (which they resent far more than the locals do, believe me). They don't come hundreds or thousands of miles to a foreign country - particularly a damp, cold and expensive country like the UK - to be screwed over. This is one of two reasons why immigration wasn't responsible for low wages in the UK (and the continued attractiveness of it for European immigrants). The other was relatively full employment which reduced employers bargaining power.
Since Brexit, however, wages have been driven lower by deregulation and things like zero hours contracts. European workers are less interested in those conditions and stay in Europe to get paid more (and/or live cheaper) here. Meanwhile, the number of Brits that are struggling has increased markedly since Brexit. Few European workers are interested in low paid British jobs (and even many of the higher paid roles). That's why you now have so many shortages of doctors, nurses, social care workers, university researchers, skilled engineers and multilingual hospitality workers. Your NHS is in crisis. Your hotels can't take bookings at the same rate. And your pubs and restaurants are struggling to survive.
Welcome to the real world.
Simply put, you don't have enough British people in the UK of working age to pay tax for the services that British people consume. You cannot create those British people quick enough (because you have to have a lot of sex now and then wait 20 years while paying taxes to educate these new young 'uns to reap the benefits). Which is why you need immigrants with those skills to pay the bills right now The benefit of EU immigrants is that with they usually go home eventually as conditions in their own countries improve relative to the UK or many Brits (like me) go the other way.
In the 1980s-90s working as a British citizen in the EU was easy, as you were also an EU citizen. Today, as third country citizens British workers will be less than welcome in the EU.
@@flitsertheo Which is precisely the point I and the video are making...
“You can’t have your cake and eat it!”
You are completely correct!👍
I'll never forget before the referendum one of the arch-Brexiteers literally said "We can have our cake and eat it!" SMDH 🤦🏾♂️
Most Brexit supporters got a creampie from Nigel and BoJo instead...
@@HaZadeur1 Not as big of a creampie as they were getting from Brussels. I'd rather be in England than Germany, Sweden, Italy, or heck...just about anywhere else in the EU.
That saying never made any sense to me. What's the point of having a cake and not eat it?
Why?
Daily Mail headline 1 Jan 1973 when UK joined EU:
“EUROPE HERE WE COME - For ten years we (the Daily Mail) have been campaigning for this day. We have not waivered in our conviction that Britains brightest future etc etc. “
Perhaps the Daily Mailers should read some back copies!
That's because the Conservative Party has always been historically the Party for Europe
Bold of you to assume daily mail readsrs have a memory better than that of a goldfish. Already a miracle they're capable of reading in the first place.
Reminds me of that old saying "Be careful what you wish for. You just might get it."
Looking in from outside it strikes me that the actual underlying social and economic problems plaguing large swathes of Britain in 2016 were actually the legacy of Thatcher and the Tories. Britain had doggedly implemented Neo-liberal policies for decades - privatisation, inflated house prices, suppressed wages, degraded public services, deindustrialisation and the destruction of quality manufacturing jobs, the eradication of unions, "austerity", tax cuts for the rich etc etc - and the resulting generational malaise and lack of hope for the future. But then the same people who had spent decades being shat on by Tories (and Tory-lite wannabees like Blair) allow themselves to be conned into the obvious foolishness of Brexit by listening to... those very same Tories...
Ye, brits aren't too bright.
This is all true, but the Uk also suffers from a very biased press which not only pushed for the tories but also attacked the eu with dubious claims. The government also tended to gold plate eu regulations and then blame the eu for it (for an example, look at how the Uk implemented its version of the motorcycle test) . And unlike mainland Europe it was pretty rare to see any investment being explicitly stated as supported by the eu.
The Uk electoral system is also archaic leading to an effective 2 party system. Many of us land up being pushed into voting against a party by picking the party most likely to defeat the most unpleasant viable option rather than actually voting for the party we agree with most.
I've read two blistering commentaries that have summed up so much of the social and economic upheaval of a UK that I have lived in since I was a child in 1979 watching the election day results on the BBC, that brought in Mrs Thatchers government into office. Her conversion into neo-liberalism and the explosion of disruptive policies that ensued was supposed to usher in something new a radical departure from the post war Keynesian economic consensus of the past now seem dystopian to me. We were as a country then politically bankrupt, left facing an uncertain economic future like we are today.
Good post.
With a LOT of help from Russia through targeted social media campaigns.
All over the free world, Russia makes lesser-educated people vote against their own interests, usually for far-right groups like the Tories. Whose goal it is to change the country into a kleptocracy like Russia.
I think that, deep down, a lot of Brits thought that their Empire would somehow, magically, reconstitute itself, once they had left the EU.
Rules have been waived.
I think you might be right. Not in a conscious way, but in a general MAGA feeling of "everything will be as cool and awesome as back when I was 18 and wasn't aware of how messed up and complicated the world is".
I think what might have more conscious was an expectation that if the UK decided to leave, then mommy... ahem, the mean ungrateful EU would see the error of her ways and tearfully beg the UK to stay with them.
@@Julia-lk8jn That has finally explained the unexplainable to me, thaks!! Knowing a few brits here in Spain, yep, that explanation makes sense.
Brexit is one of the worst self-inflicted wounds in modern times. Where's Nigel? Where's Boris?
Boris when asked for plans for the future of Britain post Brexit - “I got nuthin”. He cynically rode Brexit to PM and then just made a party of 10 Downing.
But we’re worse with DT fiasco’s.
Why are you asking where’s Nigel & Boris? They didn’t vote for Brexit. The people did.
@@KKOPPONGThey were missinforming the people
Nigel stayed in the europarliament for a few years, until he had to return to the UK, and Boris is under trial for breaking his own rules he put during covid
Nigel and Boris might return as a dream ticket, can't wait just to see the sado remoaner rejoiner comments.
A lot of truth in this video. Thank you. European here. Particularly you point on the UK being so much used to exceptions in the past (Euro, M Thatcher Rebate, Schengen) that the UK was sure to get special treatment (have the cake and eat it), so much so that the UK Brexit negociator (D Davies) planned to go to Berlin to negociate. To leave the EU, the UK had to negociate with the EU. Now the EU is out of the picture and the UK is left dealing with 27 different set of rules. The EU will be tasked to negociate with the UK only if all EU members agree to it.
In case there is such an application by the UK to join the EU:
Point 1: there will be ZERO exception / waiver to a UK joining the EU (Certainty because I takes only ONE of the 27 members to veto any waiver and there will be more than one to veto it). The UK is a great country but not any better than the other 27 EU ones.
Point 2: there are certainly some little improvement to be made BUT, there is no joining the SM or the CU without either a full EU membership or a Norwegian deal (you pay, you comply with EU rules, you are subjected to the ECJ and you have NO say in future European rules). This latter possibility is totally unlike the UK in past history (decades or centuries).
Point 3: The EU won't start any negociations with the UK to join UNLESS both key parties unequivocally support joining the EU (so it is not tomorrow).
Point 4: the UK has repeatedly tried to outsmart the EU with "tricks not in the book" and this is very counterproductive (we are not THAT stupid).
Will the UK ever join the EU? I don't know but certainly not in the coming decade.
The EU actually needs to get rid of other members, e.g., Hungary, whose Orbán regime unabashedly collaborates with EU enemies such as the Putin regime.
@@ettoreatalan8303 "The EU actually needs to get rid of other members," Ettore, this is totally against the EU principles which are to unite a family of people torn by war during centuries so, I think, it is not about excluding a family member (Hungary) because of one man (Viktor Orban). People come and go but our European Ideal must survive. Sounds corny and naive but this is the only thing that lasts (not invading people, not forcing them to obey but making them love and share the same principles and motivation).
Exactly
@@ettoreatalan8303As much as I dislike Urbán and despise Putler, but your comparison is short sighted. Didn't the UK join the US in removing those WMD's in Iraq? Oh yeah, there wasn't any. The UK has done horrible things in their own interests before, so don't throw stones in glass houses, so to speak.
The EU doesn't need the UK. Unfortunately, a United Ireland may come too soon, there needs to be at least another generation before it could transfer peacefully.
I do feel for the Scots, they got dragged in due to the lies and disinformation feed to the British people by the likes of Johnson and Farage.
@@alanmcgowan3457 Do you like EU enemies as members of the EU?
I suspected the Tories would do anything to hang on to power, but putting such a complex political and economic issue to a public vote was beyond reckless.
There has not been "Brexit"! If you voted for Brexit (I didn't) then I'm sure you didn't want the total opposite to what you actually voted for to happen. The Tories betrayed them beyond belief and there was an effing pandemic that the country is still recovering from. I feel for them big time!
Wouldn't have "reckless" if your side won the referendum would it ?
@@MickyG1152 "had won" + comma before would
@@Alex-pr6zv Didn't answer the question did you ?
I am considered intelligent, I keep up to date with current affairs and find your insinuation that I’m too thick to make a decision on Brexit insulting. I voted for Brexit and would do so again , that the Tories who I suspected at the time would give us a punishment beating for voting the wrong way is neither here nor there. I voted for a return of sovereignty, to stop immigration which is destroying this country and to keep money generated here to remain here , not be given away . The hard work was done, getting out and we will not return any time soon , now we need a new party that will implement what I voted for.
Can’t wait to see the 10 year celebration of Brexit in 2026
Why would anyone who wants a successful future want to join the EU ? Consider how much the EU has already declined relative to the United States. Fifteen years ago, according to the IMF, the GDP of the Eurozone was just under $14 trillion, while the U.S. economy was marginally bigger.Today, the Eurozone’s GDP is just under $15 trillion, a modest rise by any standards. But the U.S.’s GDP has roared ahead to $25 trillion, making its economy 60 per cent bigger than the Eurozone. That’s a lot of relative economic decline for the Euro area in just a decade and a half.The failure of Europe to keep pace with America has taken its toll on living standards. The average EU country is now poorer per head than every state in America bar Idaho and Mississippi. In 1990 America accounted for 25 per cent of global GDP, the EU a little above that. Today, America still accounts for 25 per cent of global GDP but the EU’s share has consistently slipped. It is now just over 14 per cent and falling. America has outperformed the EU on every economic indicator that matters. Since 1990 the U.S. working age population has risen from 127 million to 175 million, a rise of almost 40 per cent, while Europe’s has gone from 94 million to 102 million, a rise of only 9 per cent. The EU has been a dismal failure and people are realising it all across Europe that's why they are voting for the right ! We need less EU and a lot more USA
@@garyb455 you talk as if the UK can become a US state… if you watched the video, the UK is clearly worse off than if it never left the EU. And now the US is ditching you for Ireland as you were their main influence in the EU, they don’t even want to sign a trade deal with you, so don’t expect them to save you
May I add the EU is about to sign a free trade agreement with Mercosur making it its largest deal ever, but the UK will never benefit from it
@@garyb455 🤡😂
@@garyb455 I completely agree. The UK should join the USA.
Brexit failed because the expectations created by Brexiteer leaders and campaigners were mostly dishonest, unrealistic and unfulfillable. Their real goals were something else. I'll leave it to the Brexiteers to work out what those real goals were, over the next few years as the consequences emerge.
I always hear the same thing about the euro, luckily we never joined...but why? At the introduction 1 euro was 0.6 Pound, now it is 0.9 Pound, thus the Brits became 50% poorer than if they had euros in their pockets
Never heard of the Exchange rate mechanism?
Poland, Sweden, Denmark, Croatia, Bulgaria, CZ, Hungary, all promised to adopt the Euro when they felt ready - and whatd'ya know? - they don't feel ready and never will be.
@@alastairbarkley6572 but all those countries, except Denmark (which has the same opt-out that the UK did) has all signed on to adopting the Euro, 'at some point' - in the future, that is what would be required of the UK too, sure they dont have to do it now or soon, but they have to sign on the line that they will do it in the future 'at some point'... ONLY Denmark now has a permanent exception on the Euro...
@@gawkthimm6030 You see a difference, do you? Between 'never' and :at some future stage of our own choosing'? If there's a difference, it's that the latter choice gives more scope.
IF you're arguing that the second choice will scare off young, ambitious, tech savvy young Brits from persuing our nations further EU membership, I'll completely disagree.
@@alastairbarkley6572 yeah I see a difference, the internal politics of the EU that allows for countries to delay implementing the Euro could change at some point in the future and new laws written. -that is the main difference IMO, that only 1 small country now has the PERMANENT Euro exception.
3:18 I think you have your graph wrong - it shows support for Leave growing...
Something that I think has been overlooked is the impact on small businesses that had a small % of thier business with EU customers
They simply cannot afford to get the paperwork together to export to the EU and so they don't bother. This may only account for under 20% of their business pre-referendum. So when the initial analysis was done they were overlooked, they weren't the big car manufacturers or even farmers. But without EU trade they are increadibly vunerable and then of course we get an Inflation shock due to energy proces and they just can't cope
Its the small things, death by 1000 cuts
Indeed. The whole thing is a very slow puncture.
As a former small business owner who had to wind my business up as a direct result of Brexit, I can pretty much confirm that.
Thankfully I wasn't starting up when I had to shut down. Decided to retire early and move abroad as I watch Brexit Britain disappear in my rear window for good.
Yet these businesses could buy things from outside the eu without issue before and since , what this does do though is actually encourage these goods to be made closer to home in the uk . There is absolutely nothing produced in the Eu that we cannot manufacture ourselves .
@@pincermovement72 You can't manufacture a customer base that's been lost by leaving the EU.
@@pincermovement72 Meat, Dairy, Veg etc.... turns out that Britain is an island with a limited amount of land to produce food (who would have thought of that)..... not hits the lowest income families as badly as food price inflation.
I dipped 4 years ago and it was the best decision I ever made. Seeing what's happening to the country is like watching someone you know getting hurt by doing something stupid, you told them not to so it feels satisfying but at the end of the day, you still care for the person so you feel bad.
You're lucky that freedom and prosperity was only a stone throw away in Europe.
Imagine being an American.
Thank God I got out to Germany so I can watch the chaos from afar.
Norway and Switzerland benefits. 😁. They are both in the EEA/EEAS. And Norway has North sea oil , while Switzerland has untold millions in their banks from both ligimate and dubious sources. And more recently the USA has stopped negotiations on a Free Trade deal between them and the UK. Yea, that Brexit thing worked out well - not.
Brexit was neverabout any potential UK benefits - the last thing it was about.
What was it about?
@@NeilCWCampbell I always through it was about cutting standards lower than what the EU would allow, which the Tories have wanted to do for decades but couldn't do because of being in the EU.
Now though, they can take their sweet time in figuring out ways of lowering standards and pulling the wool over the British eyes in thinking it's good for them, which lower standards are rarely good for the people.
Say what we want about the EU, at least when the UK was part of it, we had a check and balance on what the government could get away with, now it's up to the people to keep them in check, and unfortunately, they do a poor job of keeping them in check in a lot of areas.
With all that said, it will be interesting to see if the British people allow future UK governments to water down a lot of regulations to such a degree that the UK ends up something like the US with such weak safety nets in place, they might as well not be there, and here is the kicker, UK governments might want to do that to create more economic growth, but the end result isn't good for the average citizen.
@@paul1979uk2000 how do you know what David thinks? ;) lol
It was about immigration and control over our borders (which we never lost)
How is that one going ?
@@NeilCWCampbell Well he is obviously a brexiteer, so it was about immigration ! So how is that one going ?
The most important with Brexit ,was to gel less imigration ,but something strange happening immigration increase.
and this new immigration is from all over the world and of questionable quality/ We've got people with doggy diplomas, no crime record histories, and hard to integrate due to cultural and religious differences.
@@vorong2ru And can be legally paid 80% of the going rate for their job rather than before where employers were underpaying EU workers illegally
Plus all the money that went to the EU was promised to improve the UK National Health Service. Where is the famous campaign bus with a big slogan now?
A bunch of Slavic immigrants to a bunch of diversity immigrants. Which one is better? Lol
And mostly non-white from fook knows where
I remember this was a thing I was always warning the brits before the brexit:
They wanted brexit because they mostly wanted migrants out of the country, but they would only replace ones (europeans) by others (non-europeans) and the "others" would be by a huge factor.
Time proved I wasn't wrong.
Exactly. The "trickle down" mafia making "Brexit" just wanted to get any "EU" requirements of decent treatment out of the way so could exploit anyone and everyone any way want under the sun. How people continually for the "trickle down" aristocracy's endless scams is mind-boggling. All they have to do is say "sovereignty" or other secret whistles.
One of your graphics at 8:57 lists Dingle & Wexford as being part of the UK! I'm certain that must come as something of a surprise to the inhabitants of both towns.
There is a problem with your map at 9:00. Dingle and Wexford are not in the UK. We don’t do kings in the Republic of Ireland! 🇮🇪
😂😂😂😂
Lol😂😂😂
@@amcc5887 don't mention the war 👀
@@RazorMouth Which war the first time we beat them or the second time we beat them or the United Ireland Protocol...
That is actually how they see it..... and it is why we need a border poll and to end the Common Travel Area. While living in Carlow in 2016, I had a neighbour from England talking about "All the Foreigners" here but she wasn't a foreigner...... or at least to her.
Who could ever have thought it could succeed… given the enormity of what the uk did, its actually impressive to see that a lot more harm has not yet come its way.
Oh, give it time...
LOL -- you do realize that negative trends are cumulative, right? Like auto production being down over 50% since 2016 and trending toward zero? Or simple things like Amsterdam becoming the world's financial hub because the UK painted itself into a corner? Or university students no longer coming to the UK from the EU and instead staying in the EU where they graduate, get jobs, get married, have families and create successful communities while Britain gets older and poorer?
why dont you leave and move to italy or france
@@joeconnolly89 don't worry. young, educated and motivated people will do just that.
You are soooo close to a moment of realisation..... The fact is all the predictions of doom and disaster made by Remainers have just failed to happen. Since pre-Covid and Brexit the UK economy has grown FASTER than France, Germany, Italy and Japan. Trade with the EU is up, not down. Trade with the rest of the world is up, and we just joined the Pacific free trade deal. Seven years ago we were told all the car manufacturers would close their UK factories. Nissan did close a factory. In Spain. And moved production TO the UK. And they just announced the next gen Leaf will be built in the UK instead of the US. Stelantis moved Peugeot and Citroen van production to the UK. BMW and VW have spent huge sums updating and expanding their UK Mini, Rolls Royce and Bentley factories. Mercedes even make cars here, though to be fair they only build two a year....
So, how many more years of UK succeeding and thriving will it take before you realise that the UK is actually doing well outside the EU and all the Remainer predictions were just wrong?
This video healed my insomnia
As a Canadian, the UK shot itself leaving the EU. Their standards of living are goung back down again. Can you say welcome the the 1970's?
When are you going to join the EU then if independent states cannot possibly survive outside of it? The referendum was called on a whim by Cameron who slunk off after the result in a sulk not wanting to be involved in a situation he created. He has since crawled back up the mooring ropes on to the ship again. The elite ruling establishment have been hell bent on proving the people wrong in their decision at whatever cost to a people who they care little about anyway.
Your voice is so calmly soothing. You announce the British misery like a relaxing lullaby due to your lovely voice 😂
The Brits chose it. So good for them. That’s democracy right? They were hoping to be Singapore on Thames but that’s a tall order if you had Boris Johnson instead of Lee Kwan Yew.
It seems the hardcore brexiteers are instead more interested in getting pyongyang on the thames...
We didn’t choose it. Narrow majority in an explicitly non binding glorified opinion poll (and as it was purely advisory the courts refused to intervene with any fraud in it). Then dragged out by a party that won a minority of votes but which due to an archaic electoral system was given the majority of seats in parliament
@@katywalker8322 Maths not a strong point for you then , I bet if it was the reverse everything would have been fine and dandy ?
@@pincermovement72, the maths that a party that got ~44% of the vote gained ~56% of the seats in parliament?
@@pincermovement72Math is not as simpl as you suggest.
Thanks for this concise overview.
Can somebody explain the graph at the four minute mark? He states that brexit regret is growing, yet the annotations and the lines indicate that the " it was right to leave" graph is rising. Wouldnt that indicate the opposite, that British peoples' support of Brexit is growing?
This really needs attention.
we miss you already,best regards from France & Espagne .
Complete opposite, Them leaving has united the rest of us and allowed for big leaps towards a more harmonised and cooperative EU.
@@chris-ryan Yes Euro zone is a must : The eurozone consists of the following 19 countries in the EU: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain..
We can and will still visit .
@@fern8580 And Croatia! So that makes 20!
@@marinusvos Yes Croatia , the best people , and the well educated in Europe , best regards !
24/06/2016 I woke up to the news and felt physically sick, I'd stayed up until around 2.00am the prvious night and all the polls were showing a narrow win for remain so the shock when I saw the news hit me like a sledge hammer.
congrats, UK now has its future in own hands. I hope Netherlands will join. Cooperation between nations is good but power over its borders and future should not be fully handed over to a huge organisation somewhere far away. I understand you have concerns but only the future will tell if Brexit was a failure or a success and it also depends on future cooperation with other nations.
@@mradventurer8104 It was a backwards step and my generation took so much away from our children.
@@Paul-eb4jp I agree, but the younger voters who didn't bother voting took it away from us all as well. If people bothered to vote then this wouldn't have happened.
@@mradventurer8104 We have our future in the hands of a Tory government that has purged virtually everyone who didn't want Brexit (i.e. anyone with both scruples and good sense), a government that has no ideas on how to actually solve the problems of mass immigration and seems proud to do a bad job both of housing them, dumping them in small, under resourced communities (which can't even satisfactorily service the 'native' population due to Tory austerity cuts). They are incompetent and dishonest and have no incentive to actually do anything truly useful regarding immigration when they can boost their popularity by declaring that failed asylum seekers will be sent to Rwanda etc.
I felt elated and couldn’t stop laughing, we were out of hotel California and will never return .
I love the enthusiasm!
It's never a good idea to make serious decisions with complex political and economic outcomes on the basis of emotional jingoistic nationalism.
"Could the UK rejoin"? Well yes, once it has addressed all the non-compliances with the Copenhagen Criteria as currently exist within its polity electorally, politically, socially, economically and constitutionally, just as any other applicant must do. I notice however that this rather obvious requirement, even among so-called "rejoiners", is one completely absent from current analysis, discussion and apparently even just basic awareness as evidenced within public discourse in the UK - yet more of that "exceptionalism" indistinguishable from self-serving wilful ignorance which led to Brexit in the first place.
So, no time soon then.
There’s the crux of the matter that Remainers don’t seem to understand, however much bellyaching they make , Eu rules of accession will prevent any return to this house of cards . We voted out and handed it to a parliament of Remainers who did not believe in Brexit but that is the most important thing , we got out . The easier part is to vote in a new party that believes in Brexit , we will never return .
@@pincermovement72 "House of cards"? I thought YOU guys were holding all of them!
But thank you for illustrating my point above so completely. Ignorant exceptionalism is not the preserve of either "side" in the UK regarding understanding of the EU. It underlies all aspects of current public discourse.
You hit the nail on the head! 😊
@@SonOfVikingAnd ain't that the truth. Well said.
Good point.
Minor point maybe but are the labels on the graph (3:52) the wrong way round?
Yes. Sorry, wrong way around
@economicshelp1 At 3:47, is the chart legend the wrong way around?
Right to Leave = Blue.
Wrong to Leave = Red.
Or am I mistaken?
I agree with your points, but the graph at 3:46 would appear to substantiate the exact opposite of your narrative. Did you transpose the labels on the data series?
The graph at 3:48 must be wrong, because it shows "Right to leave" growing, and "wrong to leave" shrinking, which would imply that people are growing MORE confident about Brexit.
Am I seeing things or does this video show a map with Dingle and Wexford in the UK? 😮
Are you sure about the colours of the lines on the graph at 03:46 ?
3.50 Am I missing something? Are the two lines mislabeled?
5:39 the 92% is 92% OF the 1168 surveyed not of all SME's, 90% of UK firms do not trade with the EU at all
Thanks for a concise video showing the hard facts of the consequences of UK leaving the EU.
You overlooked removal of European Citizenship.
The youth of Britain will suffer most from withdrawal of freedom of movement They are already being prevented from studying or working in Europe.
Gen "Z" is being royally screwed on EVERY continent (I am a "boomer"). And they are being encouraged to hate the "boomers" - it's hard to blame them - but the real culprits are the rich and powerful in the UK, US etc.
Although people like Greta Thunberg are naive - you're not getting the average Brit or American to take a temporary reduction in THEIR standard of living so that Gen Z has one in the future - humanity as a whole is just way too selfish! And if not humanity, then people like the Kochs or the Murdochs ...
Heck, British "boomers" were (many still ARE) too stupid to even understand how bad Brexit was for them.
There’s plenty of empty rubber dinghies on Dover’s shoreline so if you like the EU that much be my guest. And as for the cherrypicked figures on this video don’t be fooled by this nihilist.
@@stephenbroadhurst7653 The means of transport is irrelevant. Xenophobic brainwashed jingoists can’t understand the difference between Freedom of Movement within the EU and economic migrants or asylum seekers originating from outside the EU.
@@stephenbroadhurst7653. There are plenty of seats on the next plane to Rwanda …..be my guest.
@@californiadreamin8423 Why would I do that I’m not a whinger and I voted with the majority that’s how democracy works,so if you can’t accept that you really are in the wrong country.
Is the chart at 3:49 correct? It seems to show support for leaving growing rather than falling
Thanks to the UK for taking one for the team. Where I live there's also a decent amount ofpeople blaming everything on the EU and advocating for leaving. Now if you tell them to look at how the UK is doing after Brexit they shut up very quickly.
maybe,
but when the UK has finally untangled itself of the burden of the EU over the last 4 decades, they will realise they were right to blame the EU.
Brexit is still not done.
We need to free ourselves from the EU making any judgements on us.
Remember FACTORTAME?
The anti uk bias of the ECHR over Abu Hammas and Jamie Bulger, are examples why we need more distance from the European decisions
@@nickcollinbailey8802The stupid don't die out: In the EU, unanimity is required for trade agreements. There is no "the EU dictates" but rather "all members wanted it this way."
The stupid don't die out: Brüssel, the EU commission, does not make laws. Brussels is the executive. The 27 EU states (then 28 with the UK) make the "laws" (they are directives, not laws), and they do so UNANIMOUSLY. Every EU directive could only be agreed with the UK voting in favour.
@@ichbinbluna3504
And if the people of a member nation dislike the directives and find that many of the European ruling bodies judge unfairly against them, they have the vote to leave.
Look into factortame, Abu Hammas and the release of the evil murderers of 2 year old James Bulger.
This last one turned a huge amount of people against Europe making any judgements on the UK.
The EU made too many unfair judgements and they suffered when it came to the vote.
Many people in the UK do not believe that Europe will ever judge fairly towards the UK and until it does, the vote will still go against the EU.
Brexit is not working because the economic effects are negative, and will continue as such until the movement of goods & services with the EU are seamless. Thank you for your work & videos.
The efects of brexit will be forever negative. Because businesses will have difficulties to trade. There is no single market. Products need to be checked and taxed accordingly. Because of this, companies will avoid sending products cause there will be a delay in the market. And being taxed to import components and export finite products is a waste of time and money. So there will never be positive ideas. And UK has a risky economical behaviour. Accepting anything new that might put them in an unknown path and might have consequences. Following US footsteps but with a smaller economy, army, tech potential, productivity.
Why would anyone who wants a successful future want to join the EU ? Consider how much the EU has already declined relative to the United States. Fifteen years ago, according to the IMF, the GDP of the Eurozone was just under $14 trillion, while the U.S. economy was marginally bigger.Today, the Eurozone’s GDP is just under $15 trillion, a modest rise by any standards. But the U.S.’s GDP has roared ahead to $25 trillion, making its economy 60 per cent bigger than the Eurozone. That’s a lot of relative economic decline for the Euro area in just a decade and a half.The failure of Europe to keep pace with America has taken its toll on living standards. The average EU country is now poorer per head than every state in America bar Idaho and Mississippi. In 1990 America accounted for 25 per cent of global GDP, the EU a little above that. Today, America still accounts for 25 per cent of global GDP but the EU’s share has consistently slipped. It is now just over 14 per cent and falling. America has outperformed the EU on every economic indicator that matters. Since 1990 the U.S. working age population has risen from 127 million to 175 million, a rise of almost 40 per cent, while Europe’s has gone from 94 million to 102 million, a rise of only 9 per cent. The EU has been a dismal failure and people are realising it all across Europe that's why they are voting for the right ! We need less EU and a lot more USA
@@garyb455 "The failure of Europe to keep pace with America has taken its toll on living standards." Living standards in the US have been stagnant/declining for most people there for decades already. The income and wealth gap is bigger and growing faster than in the EU. The EU members tend to keep things a bit more balanced and if that dampens growth a bit, so be it. Most europeans do not want to live in an US economic system. But the brexiteer-politicians seem very keen on it, starting with selling off the NHS to US companies most likely.
"Since 1990 the U.S. working age population has risen from 127 million to 175 million" Thanks solely to immigration... If Europe has a rising population it is only because of immigration. And yet they generally want less of it.
@@garyb455 i agree with this comperation. But your missing a lot of factors in this comperation. Your just seeing the economic performance of EU vs US. But US has a lot of flaws. Is a full capitalistic country focused fully on maximizing productivity. There si NO SOCIAL SYSTEM. EVERYTHING IS PRIVATE. People work like donkies. Is better then China. No vacation, no healtchare for he poor, a lot of people that suffer from recession because of corporate risks. Also US is a country it decides its own laws. EU is cooperating system among countries. How will it be if California or Texas just decide i want to get out. US wont be stable anymore. Uk just demonstrated that EU is not US with brexit. Investing in EU is not guaranteed. In US is. US is for profit, EU is for human rights and taking care of our ecosistems. US is safe from war, Stable neighbours, just inside conflict. On other continents is not. Etc etc. EU is social democrat. US is fully capitalsitic.
@@kimwit1307 thank you
I've yet to hear ONE PERSON say what a single benefit has been.
The billionaires who pushed this are laughing all the way to the bank. Of couse they're not going to say anything. They got what they wanted.
One reason Remain lost is that they mainly argued the economic downside of leaving, but Brexit wasn't about economics it was about 'taking back control'.
The labels on the chart at 3:46 seem to be the wrong way around and don't match the narrative or the chart's title. Surely Wrong to Leave is the red line at 56% - hence "Brexit Regret Grows"?
Love that you provide copious graphs and data. Please continue to do this. I would love to think this would inform (me and) the public better but I'm skeptical the papers will always be able to produce more sensational interpretations. As someone who tries to read through that I appreciate the honest candour you present data. As a side point, age is often afforded wisdom but maybe the oldies should have taken wisdom from the young uns on brexit
Not all old people voted brexit. I certainly didn’t.
Even some of the blue rinse tories were against it and it is interesting to see them squirm and try to justify at the antics of their party since.
Didn’t get the brexit that was voted for thanks to incompetent politicians and civil servants. Should never have joined in the first place.
13 million didn’t vote in 2016. What proportion were above say 55 ? My daughter didn’t vote because she was too busy running a family of young children. After all who would ignore voting if they realised the scale of the lies they were being told by Peppa Pig, and that they would end up poorer, losing rights and losing their freedom of movement.
Unfortunately the graphs and data seems to "just so" without further analysis.
I would have liked a deeper look into the graphs:
3:48 shows an increase in "right to leave" but is presented as "Brexit becomes more unpopular".
4:27 the Pound dropped but has a slight upward traction.
4:48 inflation compared to the whole of the EU. What about individual members?
5:11 GDP was equal before Covid which impact isn’t mentioned anywhere.
5:24 openness has declined throughout Europe in the Covid period. How much of that is due to Brexit or Covid for the UK?
5:48 investment took a hit but has an upwards trend again.
6:40 the drop is from the 2008 crisis and Brexit had no further impact.
6:55 "growth rate one of the worst in the developed world" - on par with Germany and France also at 1%, whereas the gains are in lower wage EU members
7:32 where is that non-EU migration from?
7:50 Polish GDP had an upwards trend but will that stay until and past 2034? What are the projections for other EU members? (And do we actually believe Poland will surpass France and Germany?)
@@PH4RX You’ll find all the deeper analysis being discussed in Peppa Pigs missing What’s App messages…….. and we all thought he was hiding his Covid corrupt incompetence.
Thank you for such a sensible and level-headed discussion.
Why are Dingle and Wexford marked as part of the UK???????
Good summary
Us Scots were shafted, voting to remain in UK as we were keen to remain a strong force in Europe. Yeah cheers for that Cameron 😀👍
Yet in 2014 the SNP were campaigning to leave the UK and the EU? Of course they lied to you and told you that Scotland could somehow magically "just stay in" the EU, when everyone, including the EU, was saying that isn't how it worked. Had you voted for independence in 2014 you'd have been out of the UK and the EU, and joining the EU could easily take decades, especially because Scotland wouldn't meet the EU financial stability requirements.
If Scotland leaves the UK and does join the EU you will have far less power in Brussles than you have in Westminster. How can you complain about a union doing something "against your will" when the EU works the exact same way? Who will you blame when you are outvoted in the EU and forced to do something you don't want? And of course if you leave the UK you will have a hard border with England, with full customs and immigrations checks, car searched etc as you cross the border. Scots will lose the right to live and work in England.
@@karlbassett8485 what he and a lot of scots are mad about is:
When the independece vote was held a lot of the people taht voted remain part of the UK, did so because otherwise they would also leave the EU.
But 2 years later the English (once again) screwed over the Scottish people by taking the UK out of the EU.
So now Scotland was stuck in the UK which they wanted to leave (because they want to be a sovereign nation) and out of the EU because their overlords in England decided to do so.
@@ChristiaanHW Just on a point of fact and the perceived anti-English tone, a majority of the Welsh also "screwed over the Scottish people" (yes Northern Ireland voted remain for understandable reasons, not least their complex border situation) and many English voted remain too; a majority of greater London voted remain being a larger population than Scotland but not able to seek independence. Mel Gibson and emotive misrepresentations in Braveheart have a lot to answer for, as a Nation (the UK) we really need to acknowledge who our true friends are and why we need to work together for a better future. We need to defend to the hilt what wealth creating businesses we have left and prevent any more foreign asset stripping, euphemistically presented as 'foreign investment' by all political parties over the years. This usually resulted in factory closures with production moved to what ever country offered the lowest EU wages, the HQ and tax base moved to Ireland for the lowest corporate tax and the UK being left with a warehousing and distribution operation, while the marketing team eulogised about the wonderful history and British 'values' of our brands.
@@karlbassett8485The Scottish independence campaign wasn't about leaving the EU and anyone that told you that was lying to you. It was not a Eurosceptic movement that would have engaged in bad faith and unhelpful negotiations with the EU. Scottish politicians have never been that way inclined.
Scotland wouldn't have been so unceremoniously dumped out of the EU like the UK establishment likes to claim (a UK establishment with notoriously strained relations with the EU). Scottish government ministers were always willing to engage constructively with the EU; that goes a long way diplomatically. Plus, having been in the EU, our economy was already aligned with the EU's requirements.
Scotland wouldn't have less power in the EU as an independent country. As part of the UK, Scotland had 3 MEPs, as an independent country it would have more like 13 (going by how many countries like Denmark have). To claim that Scotland would have had less power is a complete lie. This doesn't even account for the fact that every so often, Scotland would get a turn at the EU presidency.
The EU works by consensus and compromise. It isn't out to steal any country's autonomy or to subjugate them to some kind of imagined servitude. At its core it remains a framework to allow coöperation, collaboration and the free movement of people, goods and services around the continent, a continent which traditionally had been wracked by warfare and which is made up of a patchwork of cultures who have all agreed to get along (rather than fighting all the time).
Why would Scots lose the right to live or work in England? Scotland and England are part of the British Isles travel area, something that has existed since at least the 1920s. They are part of this area because it makes practical geographic sense. Scotland likely wouldn't be in the Schengen zone because it is physically further away from the continent than England is and so anyone arriving via airports or ferry ports will be easy to catch at passport control anyway and being so much further away, it won't be the target of migrants' boats either.
Frankly though, I'd choose a hard border with England if it meant that I could live and work anywhere in the EU that I wanted with no restrictions.
@@dierstraits8399Mel Gibson has nothing to answer for. Braveheart is a film and a dramatisation. Nobody seriously based their opinions of Scottish independence on it.
The Scottish independence movement existed long before Mel Gibson's Braveheart was ever thought of and will carry on existing right up until Scotland becomes independent.
One problem that is not often mentioned is that highly specialist workers are much harder to import. Myself and all my friends have all moved out and we are very difficult to replace. This makes it harder to be competitive for these UK companies since their skill base is reduced.
The chart you show at @3:47 is mislabelled to show support for brexit growing rather than shrinking over time.
where on the ballot was the box for : leaving the single market and whrer was the box for leaving the customs union -??? -- did not see it !!
There are much more meaningful discussion about BRexit after leaving, than before. That seems to be what UK is very good at, and like to do - history, history, history.
Haven't seen much post brexit meaningful discussions either. Just moaning and blaming.
let me speak as an outsider, i am from a former colony and uses English as a working language. since i makes products and wanted to sell to the EU, naturally, i started an office in the UK instead of in the middle of the EU because it would be easy for me to doing business there using English. then, Brexit happened, suddenly, i lost access to EU. had to wind down my UK company and starting one in Ireland. by now, most of the financial services sectors would have gone to the EU. literally, the center of business gravity has gone from the UK. one thing i cannot understand, Boris can lie in public and yet instead of it being a criminal offence, he can become the PM. if this is the quality of leadership, then, no surprise shit hit the fan.
No regret here!
Great video!
I mean a loss of 5% growth year over year seems like a reasonable price to pay to be completely free if that's what they wanted. I thought it'd be way worse.
Yeah...but less econemy you will See ... brings less freedom
Financial freedom is true freedom.
this guy is real good. lets share and give him a hand. 👏
Someone sober help me out: isn't the key to this graph at 3:51 backward?
3:50 Is it me? I fail to see how this graph supports the statement made at that same moment?
I was always confused, why people thought that the economy would be better off outside of the EU. I mean, why would anyone inside of europe trade with Britain if we can get all the things that they are selling from other eu members without any hassle?
You are also forgetting that your country must also only trade where the EU allows them.
The reason the UK is hurting is because most of our trade has been dictated by the EU for decades and it will take a decade to adjust.
Once we have adjusted, we can live a much better life.
@@nickcollinbailey8802 But what does the UK offer that other countries cant get from european countries? The EU has no reason to trade with the UK anymore really, and other countries can just give the UK worse tradedeals as they would have done if they were still in the EU.
We have already seen that in the last "big trade deals" that the UK did.
And the EU never forbid anyonne to trade with anyone else as long as there was not an embargo on them.
@@Obsidianen
what bollox.
It is the EU that make our trade deals as a member
I spent long enough arguing that Brexit was a mistake and realised you can’t argue with stupid. The country is getting exactly what it deserves.
at min 3:46, brexit popularity in uk, i think the graph labels are reversed
It's a good learning experience.
The UK wouldn’t have to adopt the euro, since the EU is not pushing that on current members. But the UK would most definitely not be elite for a rebate, and would be included in the Schengen area in its application for membership.
It is current EU policy that all new applicants must accept joining the Euro. It does not have to be dome immediately.
@@user-pm4sp3yr6gin the case of UK, when it applies to join again, I expect it will have to commit to adopt the Euro from day one.
When Albania joins the EU, it might not be able to adopt the Euro for quite some time because its economy is not yet mature enough. UK doesn’t want to adopt the Euro because it still wants to keep one foot in and the other out. Can you appreciate the difference?
@@petertimmermans8425 We definitely took it , right up the tail pipe , just don’t hold your breath waiting for us to apply to join your club.
@@paologat I know exactly why the UK has always been against the Euro.
London was the main clearing house for currency exchange in Europe. Having the Euro meant no more exchanges between Deutschmarks and Franks and other currencies.
The City of London lost a fortune and it and the UK government have consistently tried to undermine the Euro to get that business back.
By the time the UK re-applies all of that European business will have been lost so joining the Euro should not be a problem.
@@petertimmermans8425 The UK was invited to join at the very start. When the European Coal And Steel Community started in 1950 the UK was asked to join and be a founding member. The then Labour government turned down the offer. That eventually became the EEC then the EC and then the EU.
It was always a bad idea, that's why it failed. Simples 🤷♀️
In your dreams last week Nissan invested £2billion and this week Microsoft are investing £2.5billion in the UK. There is a reason they are not spending that in the EU
@@garyb455you are spaming the same nonsense all the time. Microsoft invests 3 Billion in UK, but 9 Billion in EU countries.
Nissan gets huge amounts of money from UKs tax payers to invest in UK.
@@garyb455Keep trying Gary ..and failing . Nissan is investing far less than that . Most of the 'investment' is from the British tax payer as a subsidie.
@@rollerrollerichson6258Before Brexit we could not invest to encourage companies to settle here because of state aid rules , now we can . This is how it worked before we joined the eu , remember when we had industry .
@@pincermovement72 State aids are allowed for nations in the EU and the EU does it as well for their member countries. The big difference, on this playground, UK can not compete with big player like US and EU.
Now, without access to the single market, UK is forced for state aids to hold international companies in the country.
UK is still living in the past. It has been overestimating its influence both in the economy and world politics. UK needs to come down to earth to face the reality that it is no longer an empire nor superpower, but only a small participant in the world and behave as one.
‘Ireland didn’t really come up in the referendum’
Oh it did! But our concerns were labelled ‘project fear’.
Could you make a video expanding on how Thatcher's neoliberal economic policies are affecting the UK economy even today?
Thanks for your insights.
😂
Nice overview. Being an American I don't know much about the motivations for leaving. I always suspected much of the anti-EU sentiment around the time of the vote was emotional hand-wringing over the sight of tent cities of middle-east migrants around Calais. Kind of scary.
There was also great dissatisfaction with the government at the time. Plus people (not just the government) were so confident Remain would win big, they voted Leave just to give the government the proverbial 'kick in the butt'. This was evidenced by several street interviewees that said "If I had known it would be THIS close, I would have never voted leave. I just wanted to send Cameron (Prime Minister at the time) a message!" or words of like minded meaning.
As an American I would have thought you would understand a country wanting to be independent, to be in charge of their own country rather than someone overseas. Didn't you chaps have a big todoo a couple of hundred years ago about that? Why is American indepdence good, Irish independence good, Scottish independence good etc but when the UK wants independence suddenly it's wrong, stupid, racist etc?
@@karlbassett8485 Wanting to be independent from something oppressing, is not a bad thing. But a lot of Brexit selling points were lies to get votes. So it became a 'wanting to be independent from something PERCEIVED as oppressing'. And sure, Brussels does have its flaws, but not nearly as many as Camp Leave told everybody.
Also, Brexit was not a UK decision. It was an England and Wales decision. Northern Ireland and Scotland wanted to stay in. And Scotland wants independence from the UK, but THAT is blocked in every possible way.
Now, one may argue that is a bit hypocritical.
@@karlbassett8485Now it is independent as it wanted. What’s the problem?
As an American, it #is easy to explain to you.
Remember 1776?
America did not feel represented in political decisions and so fought to leave the UK.
In 2016, The UK did much the same.
There is also a huge amount of bias against the UK in the EU.
Why would we want to be a member of a gang who wishes to judge unfairly against us?
There is still much to do.
We now need to stop the EU judging us on human rights too
Remember it was Europe who stopped the UK sending the terrorist preacher Abu Hammas to face justice in the USA.
It is not just the UK they are biased against. The USA is not far behind us.
On the plus side, Cameron is back :)
Can't see Greece being keen on UK rejoining. Montenegro may be a member by the time we get there ... they already have the Euro as their currency.
The brexit Paradox is that any govt capable of delivering brexit wouldn't. The brexit reality is that voters clever enough to decode brexit would reject it. So why did they obsess with the nostalgic delusion of brexit? The delusion & vanity of English exceptionalism: "Great Britain lost an empire and has yet to find a role" - Dean Acheson 1962
If the U.K. is “ exceptionalist” then what does that say of the EU delusions of grandeur? Whenever it is put to the ballot box it is rejected by voters. Hardly a mandate for its own pretentious of exceptionalism🤣
That’s why you lost , your arrogance calling everyone who voted for Brexit as thick , one man , one vote and all are equal . You may see yourself as an economic unit , in an economic zone , in a world without borders but we call this country home and wanted it back .
@@pincermovement72Brexit voters are thick.
About time they were held to account.
You seem triggered by your lack of comprehension, playground trauma neh
Michael - why don’t you give us the benefits of closer economic integration since 2006 that requires deeper political integration. Look at pages 29/30 and tell me why, given the trade figures as a proportion of total trade the EU is this great power house yet fails to deliver for the UK ….. for years. researchbriefings.files.parliament.uk/documents/CBP-7851/CBP-7851.pdf
@@garrywynne1218 we'd need a non deleted reply
Which particular bit of brexit are you defending kid
I've had to stop selling to the EU because so many packages I send there get returned for incorrect customs labelling, even though I do it correctly. They just don't want to deal with the UK
It differs by country so am pretty sure the mistakes are with you, fully understandable though, it’s massively complicated and cumbersome.
If the "trickle down" aristocracy controlling UK doesn't want to deal with them which the aristocracy manipulated "Brexiteers" into voting for, then why shouldn't the "Brexiteers" accept same requirements as South Africa? What makes "exception"? Just sad that so many honest good British people who didn't fall for it are unfairly drug into the mud of "trickle down" shenanigans, orchestrated "Brexit" Fiasco.
Welll they did say you will have more freedom, now you are out of the union you can learn every law of everycountry you want to export individually and deal with it one buy one 😊
then don't!
it is their loss
@@nickcollinbailey8802 FFS, man, get a clue!
I do miss farmhouse Stilton, though. It's gotten prohibitively expensive over here on the continent, so I just don't buy it anymore (my loss, I guess, though I have plenty to fall back on, unlike the farmer making it, who might find flogging blue cheese to Malaysia a bit more complicated than what they're used to).
If someone would have warned that this was going to happen, oh wait a lot of people did !!!
The map of the complete island of Ireland is wrong. Northern Ireland is six counties within the United Kingdom of Great Britain and Northern Ireland. It shows Dingle and Waterford as the UK as per the writing on the map. Dingle in County Kerry and Waterford in County Waterford are in the Republic of Ireland. Did no-one in the editing team notice this inaccuracy?
Agree, no idea why Dingle and Wexford are listed as 'United Kingdom' at 9:01 - I assume this was an inadvertent error.
Wait, so the red area is independent from the UK and they are a part of the EU?
Nice summation. Always wondered why the popular press led the Brexit bandwagon and no politician ever had the stones to call them to account. Oh wait...that would require UK pols having a backbone.
The UK msm is nothing more than a right wing propaganda machine. Its bought and sold by the murdochs of the world. So they fell in line and cheer led the entire venture without question. The average citisen was continually spoon fed the lies unquestionably. And politicians feared the power of any right wing media machine attacks. But given the enormity of the consequences to the country, the remain politicians should have stood up more I agree.
Michael Hesltine spoke out against leaving,Major,Brown, and Blair also.
@@superdavidc1
Heseltine, Major and Blair. The idiots of UK politics
No, UK electorate never has voted to leave the EU. In the 2016 referendum 17.4m people voted Leave, 29m did not (the majority). UK was taken out of the EU by BoJo and his pals. It is a myth that there has ever been a majority of the UK electorate in favour of leaving the EU, ever.
In June 1975 17,378,581 67.23% voted Yes to accept the Treaty of Rome and stay in the EEC.
The non binding opinion poll was corrupted by Johnson, Gove and Cummins and their lies. Their ability to lie endlessly has been seen repeatedly since. The Tory government then said that they must act in accordance with the “will of the people “ and ruin the country.
I am a remainer, but one who can't stand bad arguments. More people voted leave than remain. That's how it works.
@@AM_o2000 The bad argument is that the opinion poll held in 2016 was “the will of the people”. This was an exercise to save the Tory party from eating itself, irrespective of the National Interest. They’re still eating themselves, irrespective of the National Interest.
@@AM_o2000 And the reason that you think you have to vote to do nothing is what? Did you have to had to vote to keep on driving on the left hand side of the road or to keep the pound? You don't have to vote to do nothing. And 29m voters, the majority, did not vote to leave the EU. There has never been a majority of the EU electorate in favour of the UK leaving the EU. Anyone who says that there has been, is a liar, pure and simple.
The Leave Campaign should have had a detailed plan like the 800 page plan that was required in the Scottish Independence Referendum.
you made Dingle and WExford part of the UK!!!!! (at 9.02). lol...
Another unseen complication ( well according to your map anyways ) is that Wexford and Dingle got taken into the UK from the republic of Ireland. I have to say none of us saw that one coming, lol!!! Great analysis guys, thank you and regards from your neighbours on the other side of the pond! :)
If Brexit has failed, it is because it was championed by a number of high profile mainstream politicians who didn't believe in it, didn't think they would win it, and saw it as a way of improving their profile and therefore improving their career prospects. When they did win, they were shocked to the core because they had no idea on how to implement it. The only politician who did, wasn't mainstream, and was quickly sidelined and ignored.
Yes, but what about the hoi polloi who were strangely in favor of sacrificing itself as cannon-fodder for those leaders' greed and arrogance?
Excellent summary