What impact is Brexit having on the UK economy? - BBC News
2022 ж. 28 Қаз.
830 465 Рет қаралды
In his first speech as UK prime minister on Tuesday, Rishi Sunak said he wanted to “build the economy”.
But many believe that Brexit is having a severe effect on British finances.
The UK’s trade has dropped in recent years, the pound has fallen considerably against the dollar and business investment is yet to return to its peak in 2016.
While these factors are predicted to be a result of Brexit, ministers have blamed international issues.
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#Brexit #Economy #BBCNews
My favorite Brexit moment was hearing about the woman in a London travel agency ranting at the employees about how she "voted for Brexit to keep foreigners out of Britain, not to make it harder for [her] to vacation in Spain". Could anything sum it up more perfectly than that?
my favourite moment was hearing all the banks and financial institutions who heaped decades of misery on the country in 2008 telling us it's in our best interests to vote remain. taking their advice on finances is like going to see Harold Shipman when you aren't feeling very well, or letting Jimmy Savile babysit your kids.
@@happyjonn9242 Aren't you glad you didn't listen to them and can thus now enjoy the 19th best growth prospects in the G20? At least you beat Russia, for now.
i have a lot of moments I can think of , I can't decide.... the old pensioners in spain admitting they voted Brexit to keep Britain for the "proper europeans" , and now they had to leave Spain as they didn't apply in time for a residence card, the fisherman who remortgaged his house to refurbish his boat and at the time, circa mid 2021 . he was unable to fish anything since the europeans were not buying his fish anymore + many others
@Paul Hitchens Thanks Olga, but I think I read that Brexit travel agency story in the FT.
My favorite is the British cry-babies, claiming they have lost their European Citizenship...when they never had it in the first place.
People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
I am being guided by “Eileen Ruth Sparks” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
I'm a Brit living in Germany since 2010 and I run a small business here. Before Brexit I would order materials from the U.K. , the prices were competitive and delivery was quick. Since Brexit, it no longer makes sense to order from the U.K. The prices are not as competitive but the most problematic part is that delivery is often delayed considerably, due to customs issues. I can't rely on receiving orders on time. This causes real problems for my business as I order materials for specific projects with tight deadlines. With inflation currently at about 10%, my primary concern is how to maximize my savings/retirement fund of about £600k which has been sitting duck since forever with zero to no gains.
That is everywhere. The problem is, with a rising labor shortage, that industry will be the hardest hit. Fundamentally, restaurants as an industry are only viable with cheap labor and cheap rent. Right now, we have neither.
Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.
@@TeresaBrickle Heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?
@@colleen.odegaard Having a coach is key in a volatile market, My advisor is "Heather Ann Christensen” You can easily look her up, she has years of financial market experience..
@@Curbalnk when England was in Europe, imports were much faster because there were fewer checks and also at a lower price. now everything imported from England costs almost double due to taxes.
My parents who live in Ireland now order things from Germany rather than the UK due to import costs. Absolute madness
How much? I'm in a similar position and found the costs to be reasonable....
@@MyName-cw4yr How much depends on the value of the item being ordered....your question is like asking how long is a piece of string? the simple point being made here is that it is now more expensive to order items from the UK and naive to suggest otherwise.
Same. I used to order stuff (privately) from UK to Sweden. Not anymore bc of changed regulations (can't order liquids like perfume from UK anymore) and the ridiculous import cost on everything.
Англия не выиграла от брейксит
I live in France. You can literally forget ordering anything from the UK. In general its usually more trouble than its worth.
France people need only France ! Forget getting foreign products there !
Is that supposed to bother us?
@@senseofthecommonman of course, it means less money injected in UK economy, genius
@@senseofthecommonman is it supposed to bother you that the UK has less exports???? I can now tell you know FUCK ALL about how economies work. You are, for sure, one of thos people that voted breixt ONLY to get rid of immigration. Well guess what, immigration is higher now than it was back before brexit, lots more illegal, and legal migrants, except they are brown migrants instead of white Europeans. Guess you got what you voted for? oh wait, u had no clue or understanding of what you were voting for, clearly.
@@senseofthecommonman Depends if your mortgage relied on seamless trade with Europe, or you have compassion for those that did. From your tone, probably not.
Boris did say it will be Titanic success and it is 😂
He also said 'F43k business' and that element has been a resounding success. Business is well and truly 'cream crackered'.
And his Love Will Go On and On.
It was even more of a success than the Titanic. The UK economy sank faster.
Does my head in. That's an unfortunate use of an adjective.
Don't blame Covid for the year and a half Covid pointless lockdowns that destroyed the economy not Brexit...
The people who voted for brexit will never accept it's a disaster and that they were misled.
But it is becoming clear that many of the Leavers are now having regrets. The trading arrangements for NI are looking more attractive for the rest of the UK. But how could we get there?
People who voted for brexit only wanted to avoid to be ruled by a bunch of nazy donkey. And now the donkeys are boicotting uk.
I am very surprised to see the BBC finally telling some truth about Brexit. I wonder why. I saw the Financial Times did a similar, more detailed video recently....
Have you been braindead for years?
The BBC has never supportered Brexit. It's total right wing ideology.
Because facts can only be disguised for so long.
They can't hide the latest stats.
busy watching the mess here
Was speaking with a Brexit voter the other day. He's now blaming the EU for the higher prices not trading fairly with UK. They will never admit the cost of living crisis has been made worse because of their "patriotic" vote 🤦♀
They can now wave the flag and pay more, they'll even blame the Albanians for all their problems but never accept their own made national disaster.
the eu is perfect if you want europe to be full of illegal immigrants and contribute to the decline of europeans
Just say racist no need to use other language.
Ohhhhh and the EU doesn’t have higher prices? Oh look - here are the inflation figures, just in for October 2022: Germany (11.6 per cent), Belgium (13.1 per cent) Netherlands (16.8 per cent). Hungary (20.1 per cent) Poland (17.9 per cent) Etc and the UK? 10.1….. TEN POINT ONE!!!!! You do realise that inflation is prices don’t you?
@@rosshilton we're no longer in the single market which has added additional costs on top of inflation. It's also caused many businesses to suffer. My comment still stands, Brexit has contributed to the cost of living crisis.
Living in Finland tried to send a few items to the UK after Brexit the form was like 100 questions it cost 3 times as much took 3 times as long to arrive. I am British and I used to buy from the UK but not doing that ever again.
I bet you still voted out just like most the clever Brits did 😂
@@nizarosoko even the racists were not delivered anything they were promised. The racists Briton were promised, implied, that after Brexit all foreigners will be sent out of Britain. that basically its going to be the new 4th reich. nothing happened. kek.
@@nizarosoko whilst there were many people who did vote for this. Many people didn't! I couldn't vote in the referendum
Whereabouts in Finland?
@@luxid413 Southern Finland.
It's simple, we used to be part of a 28 branch supermarket chain, buying cheap and being competitive. We then left that supermarket chain and decided we would be a corner shop, without realizing we would be buying in smaller amounts, and therefore having to charge higher prices, meaning lower sales. That is where we're at now.
Good analogy.
Wrong, on every point. We weren’t buying cheap or being competitive. We sold all our competitive products to outside companies years ago. The prices aren’t high due to Brexit, they are high because of the incompetency of lockdowns. If we were only the Country with high prices you would have an argument but you don’t have a point because you believe something based on fiction, not reality.
@@mehrcat1 No really bad analogy. Show me something that we got cheaper as a result of EU buying power.
Nigel Farage needs to be locked up!!
Yep. It’s not rocket science.
Its almost like leaving the biggest economic block of the world is bad for the economy.
It's strange, huh?
But we were meant to deregulate and outcompete the EU and become Singapore-on-thames?
We, in the US, have been watching u guys, wondering why.
Fools, as if that disaster wasn't obvious.
@@joeis18 it's all about freedom fella. We here in the UK (not the bootlickers in this very comments section) understand that the EU is little more than an undemocratic protection racket. We left, despite the damage done, because it was the right thing to do. I'm glad we've left, the EU have shown their true colour time and time again by threatening smaller countries with sanctions if they step out of line. As Michael Caine said "it's better to be poor and free and not rich and enslaved".
I a dutch person living in Germany. My Son lives in London after going to school and uni in the UK. He is still doing reasonably well and has a permanent resident status. But nothing has improved after Brexit. Simply sending a box of cookies for Christmas has turned into an expensive and complex shipping exercise. What has the UK gained? Even the Tories have not come up with a good answer to this question. It seems to me that the turkeys voted for Christmas and it makes me sad.
On the upside they were able to change the colour of their passports to blue and they still get boatloads of migrants.
Sadly the Tories were always using the EU excuse to escape from their bad policies in the past. Unfortunately for them, the chicken has finally come home to roost.
BuT wE mAkE oUr OwN rULEs NoW. That's the only response they have.
I run a successful UK export services company. Brexit has been a disaster for us and our employees. There is not a single advantage but many disadvantages such as the need to get work visas for UK employees, endless paperwork and divergent regulations. Our response has been to halve our UK employee numbers and recruit Irish and other native speakers with EU passports - a net loss for the UK. It is time to rejoin the single market.
IT wont Happen until the boomers are gone
Brexit means Brexit. ❤
All of Boris’ promises were broken by leaving the single market.
No deal was the only way.
@@mosnackbar4121 lol no deal would have destroyed the uk even more, brexit is sinking the uk admit it
@Mo Snackbar Red tape is damaging the economy of the UK, so your solution.....more red tape.
@@adambrickley1119 what? Leaving the EU has massively increased red tape for British businesses
The biggest win Brexit has so far delivered is that anti EU parties on the continent have practically disappeared.
No, they have not! Ukraine has taken it out of the public view!
Well that's not true. They've just changed tack, not disappeared. Italy, Hungary, Poland all have anti EU governments. France just took Macron's ability to govern properly by putting more anti EU politicians in the French Parliament. Germany has been doing it's own thing with little regard for the rest of the Europe, and will continue to do so. What's now happening is that the Anti EU parties are instead calling for a "Union of Nations", something more like the old EEC. Where the Nation State comes above Brussels. Europe is not America, there is no foundation story binding all states together. There is no financial union where debt burdens are shared - the proportionately tiny (when compared to the UK and America) Covid recovery fund, still hasn't been paid to many member states. What Brexit has actually done is show that European countries don't want an "American style" union, but neither do they just want a basic trade deal. Perhaps Europeans should wind back the project to the last time everyone was actually happy with it and leave it there. So before the Euro, but after the reunification of Germany?
But the voters for brexit haven't disapear they just changed their opinion, They don't want to be part of the EU because they believe in its values, they simply want good damn business. Now Europeans have their say, would they want the rascals back into the house to stole the fridge and monopolyse the coach and the TV?
Conveniently forgetting, of course, you were able to vaccinate yourself months before anyone in Europe could. Always think of the negatives, never look at the positives, and you’ll never be able to be truly objective.
@@hughesy606 Being out of the EU had no effect of the UKs vaccine rollout. The EU wide vaccination program was opt in, i.e the UK could have gone through it's own vaccination plan, as several EU countries did. I know brexiteers are grasping at straws for the slightest resemblance of brexit benefits, but you don't need to lie.
Who ever thought that pulling out of the Customs Union and the Single Market would result into MORE trade with Europe never knew anything about trade and commerce!
Dog on the street know it made no sense but when you have a bunch of Torys and DUP dinosaurs that have notions that they still live in imperial Britain there really is no hope for basic economic sense
The conservatives and Farage said they did. 😂 🤡
no, you got it wrong, it's less trade. UK is worse now than before brexit. I know it can be confusing.
Whoever gave a shit and thought that lefties would give a shit??
And sadly Corbyn did nothing to stop it.
I have a friend who imports farm machinery into Ireland. He used to get it mainly from the UK but now imports from Europe because if he imports from Britain he has to pay all the VAT at the point of entry which essentially ties up tens of thousands of his money until he sells the goods to his customers.
In Italy we say: you wanted the bicycle, now you ride it
Given what kind of person Italy just put into office, I recommend you start pedaling like Hell.
@@fryeday yea but at least we still have the seat on…
About half of us did not vote for this.
In Hungary we have a similar saying: Eat the soup you made
@@Luca_86 Oh, I'm not from anywhere in the UK. We had our fascist already take over, and instead of a seat they installed a 61cm spiked metal dildo.
My Grandma would have said that it’s “like cutting off your nose to spite your face”. I think that sums up the position adequately.
Wow the BBC is finally talking about Brexit, not before time.
Nice sarcasm😂
@Liya Club go jump back into your sewer
its only for some people to see, i am sure it was only to broadcast after 2am on a Sunday, so nobody wouldnt watch it....someone will get fired soon!
Sad that it took so long. The BBC has lost all credibility in my mind due to their support of Brexit. Only now when the harm is so obvious do they come clean but its too little too late. Thankfully I live in the USA so I get to watch family and friends suffer from afar.
As a staunch remainer it would fascinate me to know WHY the BBC is finally talking about Brexit after so long treating it as a taboo issue.
It’s a real pity. I’m from Germany and would have loved to study in the UK. Now, it’s more expensive and bureaucratic. I wish the British the best and hope they will prosper again in the future. It damages us all collectively.
Had to scroll for a while before I actually saw some well wishes. There's a lot of malice in the comments.
Same here, I really wanted to study in the UK. But I don't think I could ever do that, because of Brexit. It just got way too expensive and complicated. It's really a shame. Best of luck to the UK, you deserve better. Live long and prosper🖖🌷
@@Woodzta Indeed, it is nice to see some well wishes. However, I am afraid to say that the malice in the comments, especially from overseas is deservedly delivered. Being overseas myself, I have tried to conduct business with the UK (I'm originally from Wales) and have been faced with nonsense, negativity, lethargy and a reluctance to do business with anywhere other than in the UK. I'm buying not selling and trying to purchase from the UK is in most cases a total waste of time, resources and energy. If you won't help yourselves and support those that are trying to do the same then the UK deserves that malice.
@@andrewjones-productions My mother used to say if you don't have anything good to say... You know the rest. Honesty, you shouldn't have bothered responding to me because your response helps nobody and does nothing but divide. I don't know you and you don't know me, but just know that with this comment, I don't respect you as an individual. I sincerely hope that you grow up and get over your prejudices.
@@remembernottoforget1172 deserve better than what? Brexit was about making the UK independent of EU influence. So we have already got better.
What's really astonishing to me as an outsider is that the British did, in point of fact, have a singularly privileged position within the EU before the referendum, with many special rights, positions, and exceptions granted to them and only them. They actively influenced the EU's position and policies on things that would *only* directly affect their competitors within the EU -- like the old harbour situation in Portugal and Spain. That, on a lighter note, the British forever ruined the word marmalade in the EU I shall not even dignify with a comment. In many ways, the UK was the *clear* winner of the EU, more so than often-quoted countries like Germany or Poland. The only thing that is clear to me after the referendum is that some parts of the British seem to indulge in the fantasy of bygone times, Britannia hooray, by jingo and all that nonsense. It really speaks to itself that many British people, in their vernacular, speak of the mainland as 'Europe' -- which bewilderingly seems to imply that they're not part of continental Europe. The entire referendum was held on the basis of partisan issues(us or them), deliberate misinformation (like that famous message on the bus), hidden agendas (like the Tories trying to break away from EU's workers' protection rights etc.), and general fearmongering (like how the UK is supposedly, in their words, ruled from afar). It is what it is. Still, if I were involved in any politics in the UK, I'd be looking into legal action against Johnson, Hamilton, Farage, and all the other deliberate liers. Freedom of opinion and policies is all very well. But if you bring your own personal agenda into national politics and deliberately manipulate public opinion you're clearly on the wrong side of democratic values.
Yes JAIL for the fore mentioned DEPLORABLES
It was inevitable we denied the euro back in 1992 this was the death knell for our involvement in the eurozone. It became unmanageable. The UK now has to find another way of trading with the EU shocking I know. The problem is the EU keeps world peace. Without the eurozone Europe would inevitably fall into chaos.
Maybe the UK 🇬🇧 economy should focus more on the country and people themselves, rather than pushing an unpayable envelope somewhere else.
Limits to risk are being revealed. Energy costs in Britain are killing them. Until that is addressed, the UK government has very few options on stimulating their economy, and this recent episode of a bond/currency crises has made that abundantly clear.
Dollar is also dropping but people don't realize it......
@@younglee-segredo831 I have always been discouraged by the constant fluctuation in prices. please who is this advisor?
@@elizabethangus6628 Look her up on the web, I don’t t run an advert for anyone lol.
Maybe we should stop the terrorists in parliament blowing up Gas and then asking us to pay for it
Everybody knew it was going to be a complete disaster, there was never any question about that.
Not everyone. Not the 52% who voted for it.
@@LordOfLight that 52% of voters only consisted of 37% of the general public though. Only the extremists voted. The middle ground or swing voters were sick of Brexit by the time the referendum happened, and its got no better since. Hopefully next election we get a much bigger turnout. Voting should be compulsory like in Australia. At least you get a truer consensus then.
@@LordOfLight Only 37% voted for it. And they were warned this was going to happen but voted for it anyway. Every expert on the planet predicted this.... Idiots believe in unicorns, nobody else does.
@@LordOfLight They believed it wouldn't be. They wanted it not to be. But that doesn't mean there weren't pretty reputable bodies at the time saying exactly what problems it would cause. Brexit was an excuse in selling an idea by telling people what they wanted to believe.
@@LuckieLordie You just described Politics.
Part of the problem is that many Brits think they can change their mind at any time and come back again with their demands for exemptions. The burden of the culture of empire is great. But it would be better for them to sober up sooner rather than later, with clear European terms.
But how do you get them to sober up? We all thought with a cold hard slap of reality, but it's not stopping the xenophobic "we took back control" lies.
@@lenawagenfuehr53 When the Ukraine war is over and it will end eventually it is then that reality will set in, the economies of the EU will show strong growth while the UK will either lag or stagnate.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@williamskohler8337
@@sheliaswelttk2535 The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself
@@tomjason2495
@@sheliaswelttk2535 I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@kimyoung8414 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@erichkraetz2622 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.
@@joesphcu8975 Omg you made 650k this year? Who is this coach that guides you?
@@stephaniestella213 Ingrid Cecilia Raad is the coach that guides, you probably might've come across her before, she's quite known in her field, search her
I ordered something from England just after Brexit and was blown away by the customs charge. I didn’t think it would be that big since I live in Ireland. Since then I never order anything from England. It’s been mostly Germany or France that I’ve ordered things from now. I suspect that’s the same for a lot of people.
Yeah, same. It's cheaper, easier and somehow, impossibly, _faster_ for me to order a product from Australia on the other side of the globe than it is to order the same product from the UK, which is basically a stone's throw away.
me too
Yeah, we pay extortionate prices for stuff from the US. We should have free movement & trade with the Five Eyes because we have so much in common with them. Truth is me & most have never ordered a single thing from Europe but are constantly ordering from the US because items are not sold in Europe but the US.
My Employer pre-Brexit bought 32% of parts from GB. Post-Brexit that has reduced to 0%. Now purchase from those parts from either NI, FR, NL or DE. Four of my Siblings live in GB, all of their Partners (one of whom was a Brexit supporter), Children and Grandchildren have got IE passports since Brexit just so they can still travel across the EU without any issues. I can the UK breaking up, hopefully Scotland will be first (Saor Alba).
Spot on
I live in Finland and used to order goods from the UK regularly. Now it is taking a month plus to deliver here from the UK and its 5 days from Germany and cheaper. So I have stopped buying altogether from UK companies. Most of them have given up selling to the EU. Global Britain they call it.
As someone who lives in UE and sees your situation from outside; what media say here it's that you're basically doomed. I don't want to be mean but... when you see 190 billions of capital flying from London to Paris just after the brexit, most from same UK's companies which want to retain all the old privilegies... it's difficult not believing it. Brexit was designed mainly for geopolitical reasons indeed; something about revitalizing the "old, imperial british pride and identity", in a United Kingdom any day more disunited, with different indipendetist movements inside, never really tamed and, today, more rampant than ever... with the result of worsening the situation (just take a look to how Scotland react to brexit). But no dream can live without a solid economic ground and some, at least decent, plan B. They presented their design to the british people in a some kind of recipe made of fear and pride, "US vs THEM"... lot of sentimentalism and very poor ratonality. What make many UE's european very little sympathetic, about brits actual situation, is that they always had a very privileged position in UE; with all the facilitations about being in a trading union, the very same all other members have, but with very little obligations, expecially in matter of common funding, nothing comparable to what countries like Germany, France and Italy had to pay in all their years of membership.
international issues sure contribute, for the company I work at opening a branch office in the UK was about having access to the EU through an English-speaking country. Our office of 35 people is down to 1 and we’ve moved the rest to the Netherlands. That’s 34 high-end tech jobs right out the door. Why would we or anyone want to invest in the UK anymore now that they’re out of the EU? the workers themselves offer nothing we can’t get somewhere else…
Wow wants to be ruled by the EU?
@@patriciagraham222 apparently all the EU countries and the non EU ones like Ukraine who keep on applying to join
@@patriciagraham222 you got a voting right in the EU before, now you dont. Trade deal similar to Norway is basically UK without voting rights in the EU.
Yes why would anyone think that working together has any advantage🫣.
@@patriciagraham222 the UK WAS the EU before Brexit, not ruled by the EU, and it was one of the most influential members, including on issues like financial regulation. Name any important law passed at EU level that the UK opposed, please. I'm afraid you won't answer or won't be able to name any...
Finally The BBC speaks the truth about Brexit.
The BBC rarely speaks the truth ever
The BBC never speaks the truth about anything, Brexit has saved the UK.
Yes, how's that possible? I thought the BBC was under Tori control? It has not published the truth for years.
@Liya Club no one wants to watch your crappy clickbait wanky videos. Go get a job or some content if you want views you saddo
But too late
I appreciate your honest reporting. I admire you a lot for educating everyone. It all depends on the information and method applied. I've seen people earn significant 7-figure profits in sinking markets and pull it off just as easily in bull markets. There is no doubt that the crash/recession is making someone wealthy.
It is more difficult to create a solid investing portfolio, thus I advise hiring an investment advisor. You can then receive plans created to address your particular long- and short-term goals and financial aspirations.
@Finest Bear Hug I will need such tutelage. How is this going to work?
Thanks for the advice. The location of your counsel was simple. I did my research on her before we agreed on a session. Considering her resume, she appears knowledgeable.
This is not honest it's remoaners still whinging
@@patsyconsole9065 Stating facts is not whining. Brexit was a bad idea with no tangible benefits except satisfying the Xenophobes & the Racists. Before you start calling me a "Remoaner", I'm not British & didn't vote. But I am truly grateful to you, for voting for Brexit. Because it's going to bring the corrupt medieval Un-United Kingdom to an end. Who's going 1st, Scotland or Northern Ireland?
I'm not THAT into economy, and definitely not into British recent politic history, but I do fail to comprehend what drove people to the conclusion of "yeah, we are an Island, which makes it inheritly hard and expensive to import/export products. Also, our economy heavily relies on turism. Definitely making it harder for tourists to come and add burocracy to any commercial exchange will benefit our economy 🤠👍"
One word: Arrogance!
People who study economics and business told the British people it was a very BAD IDEA!!!!!! In Jamaica they say “he who cyah hear, mus feeeeel” Now the average British person will feel, their children will feel and all because of a lie. We’re still waiting on 350 million per week for the NHS??? Those who pushed for Brexit will do just fine because they are already rich, but YOU will become poorer. It’s never too late to reverse a bad decision my friends.
They asked for it
Nobody said there was going to be £350M for the NHS so get your facts right first.
wie niet horen kan moet voelen, in Dutch
You can't reverse it like you can't undivorce your (former) partner. The UK will not be a full member of the EU any time soon and it will never (again) get all the special treatment they had.
@@tom-qj6uw What? You mean we can keep the £10billion net cost that it was sucking out of our economy? Oh goodness me. No wonder you lot had to revise your dodgy budget
I find it hard to feel sorry for the Regrexiteers, who voted to leave knowing it would harm others but regret leaving because as it turns out it is harming them, as we knew it would.
Don't be like that, my guy. Be kind to them. They can join your side. They didn't know what they know now.
@@joeis18 Calling the polish children vermish in front of their British friends at the school make us understand that kindness don't belong to their lifes.
Not a single regret, nothing could turn me into a bitter twisted remoaner wanting to live in the pocket of the EU, why not get a one way ticket to any European country and live in bliss with your friends.
@@senseofthecommonman mans proud about ruining his country's economy
What is a regrexiteer? Is a "witty" word you made up? Even Labour is for Brexit now...
I love how they start discussing the disadvantages of brexit when the damage has been done and most likely can not be undone.
Currently I live in Slovakia, lets just say, since Brexit all my orders from the UK has stopped. I used to buy loads from the UK, for 2 years now I have bought absolutely nothing and that is to be continued. It really is not worth the trouble and especially the import tax and fees.
Simple personal example. I can't really get caterpillar shoes here in Ireland anymore as they used to be distributed from Britain but stopped since Brexit. They're my favorite so I started looking online and the pair I wanted was €50 cheaper from Greece and a similar pair was €65 cheaper from Poland due to all the Brexit charges to get them delivered. I ordered from Greece and they arrived in less then a week. It's less time consuming to just avoid Britain for purchases these days. I used to get my contact lenses from Britain too, not worth it anymore.
@@JC-kv1vn Nothing will change while GB remains outside the EU Single Market.
@@RazorMouth Nothing wrong with single market ... it's the rest of the malarkey we didn't want.
@@t1n4444 Leaving the single market and making new trade deals was considered key to the success of brexit for those that pushed the agenda. Without the false claims of better trade deals brexit had no chance of winning the referendum.
You brought American shoe from Greece rather than Britain. How are we ever going to survive?
@@t1n4444 Yeah, that's why you left the Single Market ... Makes perfect sense ...
It was so obvious to non UK people that this was going to happen. 💀 I was 14 or 15 in 2016 and even I knew then it was a bad idea.
My daughters were 8 and 5 and even they pleaded with me to vote Remain. Let that sink in. 5 year olds know better than 52% of a supposedly grown up population.
It was obvious to 48% of this country, so please don't put us all under the same bracket.
Only smart people need that EU corruption ?
@@Christian-ut5um In most democracies you would need a 75% majority to decide on a referendum this big by the way. The UK, is of course, NOT democracy, as can be seen by the latest clown show in UK politics. I feel sorry for the minority in England who have common sense, yes, it does unfortunately seem to be a minority.
@@Christian-ut5um "Your house has burned down, like it or not, just accept it and let kids be kids and play in the ashes." It was quite a shock that they asked me to vote Remain. I never talked to them about politics and did not expect them to even register that there was such a thing as the EU, let alone a referendum. And yet, at their tender age, they demonstrated being more astute than you are now, despite all the evidence blowing in your face.
Without Brexit, EU support for Ukraine could've been far more effective. A strong Britain backing Ukraine would've prevented foot-dragging on sanctions, and could've helped organize weapons exchanges. As for the British economy, predicting its post-Brexit demise was a school assignment. From lines of trucks and fighting over fishing rights to the rising cost of living and the flight of investors, I remember first describing these in essays only to then see them happening in real life. The start of the pandemic and my matriculation exams coincided so I even predicted a slower recovery for post-Brexit UK, concluding my analysis with a warning about the possibility of another "black swan". I had no idea that Russia would again invade Ukraine, nor was my analysis exceptional in any way. I only mention it because I still can't believe politicians couldn't see what a high school student could.
The British never felt European. I remember when I visited the UK they said " I go to Europe for vacation". I think its better this way for them since they feel special.
The same Tories who gave us Tuss, gave Brexit. Brexit was the worse than Truss, if people are honest with themselves. Time to undo the damage
I doubt the E.U would want the U.K back and rightfully so.
I won't be too sure jumping into EU sinking ship. The Germans probabl seem more obedient than openly whining? losing straight to their pride. The Globalists definitely want to reverse the course for their own WEF intrtedts.. dont you see these constant noises sent out by this mainstream
@@atrailmckinley4786 We don’t want to rejoin. Keep crying elsewhere
@@Mizzkan who is “we”? Are you speaking on behalf of all british people lmao
@@82892869hi I’m speaking about people with intelligence. It may or may not include you……
I am from Sweden and most Brittish companies that I used to buy online from, will no longer ship outside Britain! Who say's no to business? Apparently it's to complicated, but shouldn't be more complicated than dealing with non-EU countries before brexit. So I don't get it.
Some industries (such as beauty/skincare) have been banned from supplying products in the EU unless they have an EU presence and 'responsible person' within the EU. Others are restricted by the VAT issue. To sell products into the EU, including digital products, you must be VAT registered in a EU country. It's a big and expensive hurdle for small businesses who might not even be VAT registered in the UK!
Well done, brexit voters.
Who says no to business? 52% of voters who HATE the idea of Polish and other European folk immigrating to the UK. They put hatred of EU immigrants over the economy. Now we have staff shortages, a failing fishing industry and an economy in free fall...rule britania 💩
This is what happens when you have a right wing biased media and a lot of easily duped racists
No problem buying EU goods here, not now the Tories have turned Britain into a vassal of the EU
I get angry when I watched this video because I knew the results of this back in 2016 when Brexit became the reality! It's just frustrating to see ignorant MPs blindly supporting Brexit just to save their faces (positions) in the government! 😖
One of the problems for people with a house in Spain has been moving dogs which now is so expensive. Another moving cars and goods. Altogether for a couple with a dog and moving a car and furniture the difference compared as before has been losing around 5000 euros or more. Those selling a house around 10 000. And many who dreamt about coming to Spain have seen that opportunity almost shattered. And add it that you need to organize health cover, cannot bring your family for long periods....but talking to them still think Brexit was ok.
_"Many believe that Brexit is having a severe effect on British finances."_ - Noo~, you don't say? Who ever could have predicted that? It's almost as if removing yourself from a comfortable position in a well-established trade union and burning all the bridges behind you might have a negative impact on, y'know, the economy. This is my *shocked* face.
Pardon?
Post vote polls 25% thought it meant that foreigners would all be forced to leave
Well done Borris you absolutely f@cked it up !
Once the referendum vote was 'Yes' almost everything that followed was inevitable. The rich avoided new E.U. laws and regulations. The majority of citizens voted without understanding exactly what Brexit realities would be (and there were plenty of lies told). Johnson saw his opportunity to be PM on the back of the vote. The voters themselves have to take responsibility (incl those who didn't turn up to vote and who would have voted 'Remain'). There is a price to pay if citizens don't seriously research a major decision they will have a vote in.
@@CaminoAir You have no understanding do you. I’d be embarrassed writing the drivel you wrote. You do realise the EU is on the verge of collapse don’t you ?
@@Mizzkan The irony, The EU will not collapse, to many countries invested too much in it, problems maybe, then the irony, the UK is circling the drain, Brexit anyone.
@@soulcrewblue8629 Too many countries invested in.😂 You might want to reconsider your point………
@@Mizzkan Economically sheeesh aint difficult. EU goes down they all suffer, you think they are stupid enough let that happen, unlike sad ole Blighty
The bill for xenophobia still coming out of the printer!
Times have changed and now crypto market is all about pump and dump leaving retailers as bag holders. Bag holders turned to long term investors will still bag hold and bitcoin might go to zero. There is too much news, too many analysts, too many factors, too many firms, insiders influencing it's price. Retailer money is being sucked. I've made $550k combined net this year and paid no Federal taxes.Thanks to George Stewart's trading services.
I'm surprised you know him too! I've been making a lot of profits investing with him for a few months now.
@@eleazerhart1214 Mr George is really best when it comes to crypto trading. Was very happy when I received my first huge profit
@@cordeliapinamonti3598 You invest with George Stewart too? wow that man has been a blessing to me and my family.
@@cordeliapinamonti3598 How do I reach out to him to trade for me too please? I'm new to cryptocurrency trading.
@@peytoncohen3541 I make 20k USD weekly trading profit with him 😃
If only anyone could have foreseen any of this…
So did Larry the cat.
THE Scots saw thru BOJOS BULLSHIT BUS
Not trying to be mean but most of my friends and family that voted to leave the EU seemed to have no clue what they were talking about. The things they said it would help with have gotten worse if anytbing
Have you forgotten the two years of lockdown that destroyed the economy ? Have you forgotten the EU is in right mess? Or do you talk out of your backside ?
It's amazing how facts and opinions get mixed up.
Pointing out that it seemed like most of the thick people were voting Brexit made remainers “the elites” 🙄
I remember the blatant lies along the lines of "extra 400 miillion pounds a day for the NHS" or something ridiculous like that. Look at the NHS now. Also the other thing that many racists voted leave for, was immigration, and all thats happened is the white immigrants from europe got replaced with many brown immigrants from who knows where, and of course illegal immigration is still a huge issue. So all in all, it didnt help with ANYTHING that the delusional brexit voters wanted.
As I crossed my 40s, I came to the realisation of how stupid the average voter of most democracies are. Aa a non UK citizen, I did engage quite a number of Brexit suppprters online. I came to the realisation the average UK voter is just as ill informed and misinformed as any third world nation out there. Geez they were so thick. Most couldnt understand why a stall outside a stadium with a 100k crowd will most probably do much better than one set up outside a stadium with 10k in it. They had no business voting in a referendum that could break a countries economy.
I have stopped all online purchases from the UK because of import taxes. Why should I spend more when I can get comparable goods within the EU without this additional cost?
Good to see the BBC finally starting to report on Bexit more clearly. We're in this situation, and now we need to find a way to make it work - people need to understand the tradeoffs, not listen to soundbites from Lord Frost, etc.
Yep, it's long, long overdue.
What kind of mental gymnastics does one have to do to convince oneself that one little island nation would be more important and have a higher weight in trade than a union of 27 including the world's 4th, 7th and 10th largest economies?
its called narcissism
Let's not forget the UK also had second largest Covid death toll among developed nations, something Sunak thanked Johnson for (I mean, he listed Covid management as one of his accomplishments).
Thats because we're all fat and unhealthy . I knew early on with absolute certainty that would end up the case
@@garthkite Speak only for yourself please. thank you.
Do you think Starmer could have done any better? Abra ca dabra - wave his magic wand!!! In actual fact, he was constantly demanding extensions to the lock downs which the public was sick and tired of. And also it would have made the country's deficit even greater.
You are not taking in a number of facts. Population density London is the most densely populated city in Europe. We have a large number of elderly people. Some Ethnic people more vulnerable to covid London is well over half ethnic groups. Some people who had covid got over it and died much later still had covid has reason for death. We had the world first vaccine the fastest vaccine roll out in the world. Some countries was not counting there elderly people in the death toll numbers.
@@JohnTaylor-bf6ll 🤡
It’s having a big enough impact for the bbc news team to have finally noticed. Must be bad.
It’s horrifying how mainstream media never covers this pressing topic of great magnitude, only seen the Financial Times talk about it ever. Everyone approaches the topic with a ten foot pole, oddly.
@@greensponge6538 the Financial Times haven’t exactly been forthcoming with anti Brexit news as they know most of their readers probably voted for it. Even their recent video “expose” was very light on good accurate reporting.
Possibly because the Tories have their people on the BBC Board of Governors.....or so I'm told. Can anyone confirm it?
@@LordOfLight the head of the BBC was a big Tory donor, I believe. Google is your friend here though, not opinion of a stranger. 👍🏻
@@LordOfLight I think the Governor of the BofE is a Tory too. I’ve listened to a ton of his interviews where he won’t even mention Brexit. Absolute denial wall to wall in tory circles.
Wonderful piece of understatement
Lord Frost didn't quite "always say" what he claims in that clip, because Lord Frost the Leaver, used to be David Frost, the Remainer, who wrote in June 2016 "If...a country is already part of a customs union and has already adapted its trading arrangements to it, the case for change has to be overwhelming. It isn't"
Brexit is one of Russia's greatest victories in the 21st century
It’s the UK’s finest hour I think you will find. The EU is dead in the water.
@@Mizzkan dead in the water? Like UK you mean? No offense but how can you miss the obvious?
I agree
@@ThePettho No offence taken. The EU is on the verge of economic collapse., likely next year it will crumble. The EU is desperate, absolutely desperate for the UK to rejoin as is the USA., although for different reasons. The UK is like every other Country in a bad way to to irresponsible monetary policy. But the EU as is now, screwed .
We hear that „next year the EU will crumble“ for decades. Reality does not seem to care about wishful thinking.
In Germany we say: "You asked for it, now you keep it!"
Yes if only we could be like Germany, with your open boarders, gas supply from where exactly. You are certainly showing us how it’s done. Oh and well done on supporting Ukraine, of course you can’t can you because you are shxt scared of Russia. Brexit even as it is, is far better than you.
There's a key fact that most people don't know or fail to reconcile with enough in order to truly understand why we ended up with Brexit so here goes. In 2016 the official position of every major political party was to remain. The conservatives under David Cameron, Labour under Corbyn the lib dems under Farron and the SNP under Sturgeon So if all major political parties were against brexit and campaigned to remain how did we end up leaving? The answer is that while every major political party wanted to remain the British press which is 90% controlled by just 3 individuals campaigned relentlessly to leave. The reason they wanted to leave is to avoid the incoming EU regulations of the banking sector, since all of these owners are either not UK citizens or take Nom Dom status and therefore make gigantic sums of money by making sure nothing gets in the way of the status quo. These three individuals have cost the country untold billions and wrecked a number of other business sectors but because they dominate the media landscape to such a large degree there's little to no mention of their involvement. As a country we won't ever make the right decision and return to Europe while these groups control so much of the narrative here. I hope a few individuals from outside the UK can see this and highlight it to raise awareness. As for the BBC and the relative silence you should know that ever since the tories got into power they have been loading the BBC with conservative journalists. The current arbiter of content is also an adviser to GB news.
stop buying gas from Russia you German hypocrites.
"You Brexit, You Boughtsit."
Oh yeah, very profound. In England we like to say "keep your nose out of other people's affairs"
Anybody else think it was just entirely the wrong move to offer up a referendum on something so economically complex? If the people that campaigned and led the charge didn’t understand it, did they really think that Geoff the retired truck driver from Wolverhampton would?
This film and more like it needs to be put front and centre of the UK media cycle. Withholding the truth about the treachery of Brexit is gaslighting.
Small parcels from the UK to Europe takes forever now (due to customs) and you now have to pay duties and handling cost too. So i only buy in the UK if i have no other option 😞
and from europe to the uk, takes weeks with no end, small businesses can't handle this...😥..
And from the US to the UK there is now stricter VAT collection policies. For our company we ended up having to pause shipping to the UK as the VAT collection/filing requirements and overhead exceeded the worth to ship a few packages a month there. We were told that if we didn't collect VAT, the packages would be turned away by customs.
@@JimBob1937 I have noticed this, and not much is being said about it either, UK is getting worse not better, nearly 6 and a half years after Brexit vote, and we were supposed to be trading globally, with great trade deals, and yet UK continues to slide down further down.
A Britain that works for the British.
So shouldn't you be complaining to your MEP about this? It's an EU-caused issue which was hidden when UK was in the single market, but other non-EU countries (India, Africa, Australia, etc) had complained about EU bureaucracy for years before Brexit.
It was useful for those hiding money in offshore banks, people like Sunak and Mogg etc. etc. etc.
There's a key fact that most people don't know or fail to reconcile with enough in order to truly understand why we ended up with Brexit so here goes. In 2016 the official position of every major political party was to remain. The conservatives under David Cameron, Labour under Corbyn the lib dems under Farron and the SNP under Sturgeon So if all major political parties were against brexit and campaigned to remain how did we end up leaving? The answer is that while every major political party wanted to remin the British press which is 90% controlled by just 3 individuals campaigned relentlessly to leave. The reason they wanted to leave is to avoid the incoming EU regulations of the banking sector, since all of these owners are either not UK citizens or take Nom Dom status and therefore make gigantic sums of money by making sure nothing gets in the way of the status quo. These three individuals have cost the country untold billions and wrecked a number of other business sectors but because they dominate the media landscape to such a large degree there's little to no mention of their involvement. As a country we won't ever make the right decision and return to Europe while these groups control so much of the narrative here. I hope a few individuals from outside the UK can see this and highlight it to raise awareness. As for the BBC and the relative silence you should know that ever since the tories got into power they have been loading the BBC with conservative journalists. The current arbiter of content is also an adviser to GB news.
rich people were hiding their money in offshore accounts long before Brexit. Malta and Ireland are two tax havens within the EU.
When wi Europe figure it kut that USA is their real enemy
£55 Trillion is hidden in shell companies in British Tax Havens. Nothing has changed that or will change it. The pantomime of politics just gets to decide how to arrange the deck chairs.
That was the whole point of it! They only tagged onto the immigration hype to get more people on their side. Dominic Cummings spells it all out in a talk he gavein 2020 to a PR organisation. Fascinating.
in the Netherlands we knew this years ago what would happened, why not in the UK?
Why was making most of our food imports more expensive a good idea? I can't believe how expensive day to day essentials have become!
For the record: the UK-Japan trade deal is ALSO basically equal to the one the EU has with Japan. So nothing more there either.
why will Japan agree to the same deal, they can negotiate a better deal with a smaller and more weaker UK than with the EU as a single bloc
@@codelunatic You really don’t understand the Japan EU deal do you? It’s not a free trade deal - it’s an Economic Partnership Agreement of limited powers, to protect things like German engineering and auto makers - areas that Japan excels in. That’s why Japan will sign the same deal…….
@@rosshilton maybe but UK is no manufacturing super power like Germany
@@codelunatic TLDR: Germany is about to collapse as a manufacturing nation due to lack of labour, the signing of free trade agreements with competitor nations and the end of cheap Russian gas. Germany built its economy on a three legged stool: The first leg was guest workers. German manufacturing was carried out by manufacturing was carried out by conscientious post war Germans, and with Turkish “Gastarbieter” - guest workers doing that manual lifting. Things changed after unification and new EU rules, especially the Treaty of Amsterdam in 1999, when visas, asylum, immigration and other policies relating to the free movement of all persons, including third-country nationals, were moved from the JHA pillar to Title IV of the EC Treaty (EC Treaty, Arts. 61-69), and hence from an intergovernmental approach to policy-making to a common approach. The other big change was in attitudes within Germany. Young degree holding Germans didn’t want to bolt wheels onto BMWs. They wanted to wear suits. This shaky leg explains why Merkel was keep to allow so many refugees into Germany in 2015. Sadly she quickly found out that they don’t want to do manual work either. The second leg was the EU captive market. With free trade across borders Germany became the major manufacturing nation for the EU. Tariffs on imported goods allowed Germany to make higher profits. But that captive market has fallen away because the EU is now signing free trade agreements with other manufacturing nations. A free trade agreement with Korea came into force in 2015. An economic partnership agreement was signed with Japan in 2019. A free trade agreement with China is underway. This will open the door for foreign manufacturing and end Germanys captive market. The third leg is the cheapest energy in the world - Russian gas. In 2019 Germany was paying USD4 per unit of natural gas compared to Japan who were paying USD8.40 per unit. This is precisely why Germany is a major chemical and fertiliser manufacturer and Japan isn’t. All that just changed forever.
@@rosshilton I doubt the German manufacturing prowess is going to decline as fast, it takes decades to build that kind of capacity, skilled work force and engineering talent. As it is Germany is all about high end Engineering and not your cost saving fab/cnc shop.. Not the same case with the UK though.
My whole street had vote to leave signs in front of their houses. My neighbours were a big leaver but now they’re regretting. I knew this will not go well, so I applied for a visa to work in Australia right after the voting result came out.
Bahaaaa imagine being that brainwashed and radicalised by the mainstream media that you feel you've got to leave the country lol.
Yep makes you wonder how a whole street of vote leave became just over 50pc after being counted
@@alextaxi2593 Err, because not every street voted the same way? Duh
Australias loss is our gain.
@@-_James_- leave him alone, he's a Brexiteer, he won't understand...
Why has it taken the BBC so long to start talking about what a disastrous idea Brexit was?
Because of constant pushback from Brexiteers.
I don’t think that there’s an advantage to Britain being more isolated and disconnected from Europe.
We could quite happily have gone the EEA option, follow less rules and be part of the trading block but no had to take the worst possible option.
Yep and in the process screw up Anglo Irish relations because of it
The options still there, it’s just that it’s still considered politically unworkable. We’ll rejoin single market/customs union in about a decade I reckon.
Yes remember BREXIT means BREXIT and we were having a red white and blue British BREXIT. This is what happens when people ignore the experts
@@Akahoshi86 should never have had a referendum on something people didn't fully understand.
Norway says no.
Brexit is based on the idea, that Britain is not only a highly developed country, but an actual world power, like it was in times of the empire. It is an imperialist, nationalist, isolationist, in some aspects nothing but racist idea. Personally, I am very much in favour of Brexit, for it is, at the Brits expense, a boost to our own national economy. Since when could Austrian sheep farmers compete with the Brits? Since when did so much capital flow out of a country, so that even smaller ones (like Austria) get their share? Brexit made the Brits poorer, and the rest richer. And, most importantly: Itexit, Dexit, Nexit, Frexit, Öxit? Nope - those voices are silent now. By setting an example, the Brits showed what it means to be alone. It unified us in the European Union. And that alone made it worth it.
Was the trajectory that led to our current position a combination of many factors of which government were more than aware of a decade ago?
I think Brexit will lead to a "the wheel turns full circle" logic of Britain having to go cap in hand to its former colonies begging for deals. For example, many in the Tory/Brexit party might feel that having Rishi Sunak at the helm will make it easier for the country to make deals with India. Unfortunately, the Brexiteers will see that doing a deal with India will mean that more Indians will be able to immigrate to Britain. So we'll see how do Brexiteers square their wanting to sign their own trade deals, with their similar desire to cut down on immigration!
We need to join the single market soon as possible but the politicians are to afraid to say it and admit it was a mistake.
Lib Dems were saying it right after the vote, until they got completely trounced at the ballot box.
Guess how many third countries (i.e. not EU or EFTA member states) have joined the EU Single Market since it was established? None. The UK might feel the need to do so but it's not in their power to that.
U are fucked. Hope the other party can get a misstrust vote.
@renideo Whilst your analysis is largely true about rejoining the EU. It does miss the fact that Leave campaigners dismissed leaving the Single Market and the Customs Union in the referendum campaign and the benefits were being touted as late as 2019. Farage repeated said we could ‘be like Norway’ which is in the Single Market. Leadsom said ‘We will have the same access to the Single Market’. Johnson in 2019 said ‘there will be no forms, no checks, no barriers of any kind [between Northern Ireland and the rest of the UK].’ So rejoining the Single Market and Customs Union would respect the referendum result.
the EU is no revolving door - you are out. all the best from germany.
Brexit has been damaging for my small business. After leaving the single market, delivery costs, times and taxes just reduced my ability to make sales to Europe. In the past few years, I've also realised how weak the British economy is and people now do not have a lot of spending power. Britain is in decline and those at the top with deny this truth until it is too late to do anything to prevent the damage.
Many Thanks for your testimony. We don't hear the one like you enough !! I hope things will get better for you and your business
Hello
I know a hamper business that I really loved. I used to buy gifts from them to be sent to EU where my family lives. After brexit, I had to switch. I was hoping to support them again one day. They are a really lovely small company.
There is a video on how brexit affected (not only) small businesses in UK here on youtube. One of the protagonist say: "Making things more difficult for us to sell in EU did not make anything easier". The video title is: The Brexit effect: how leaving the EU hit the UK
I also run a small business and am now exporting to Australia, Canada and Japan. Europe was beginning to stagnate for me ten years ago. Lead time has gone from six weeks to ten weeks, despite taking on more staff, and profitability is significantly better. There are business losers, especially in the more low-tech areas, but equally there are winners with innovative and/or high-quality products.
Michael Gove saying "The truth is ..." should have set alarm bells ringing to start with. Why did anyone believe that the Brexiteers knew what would happen or were being at all truthful? But people heard what they wanted to hear and voted for them.
Hopefully the British will learn their lesson.
Took the BBC 6 years to talk about this topic
You’re talking rubbish. Just type in ‘brexit bbc’ and you’ll see the BBC have been talking about it since the referendum.
He was being sarcastic, we all are aware the BBC only talks about race, Black only however, and Brexit. It’s why everybody is cancelling their licence in the UK.
@@boxingboxingboxing99 they don't talk about REAL brexit. Just mindless superficial junk and nothing specific or that includes real numbers.
@@aoikemono6414 kzhead.info/sun/hpeKk5h5kWOLi5E/bejne.html 1:18 includes real numbers…
@@boxingboxingboxing99 he means telling the truth about it and not posting fluff that doesn’t offend the brexitraitors
If you leave a huge market of wealthy nations right at your front door, then there aren’t any economic opportunities to embrace. You just kicked the opportunities out. And in a globalized, connected world one single nation can’t exercise control, so there aren’t political opportunities either.
Wealthy? Where have you been? Germany and France on the verge of recession,Italy almost bankrupt, Greece a basket case....Don,t you watch the worlds economies
@@davidwilkins683 cope
@@davidwilkins683 That's why only Russia is worse than UK in the G20. Go peddle your BS somewhere else, or even better, can you supply a source of your information?
@@cantinadudes don't like truth? Deflect or throw an insult.
@@cosmicrayabsorber the german or french economy isnt nearly as fucked as that of the uk lol
I look forward to the BBC's video on the benefits on Brexit in the next few days. I mean surely that's on the way since they're so impartial after all.....
Well it only took the BBC 6yrs to finally ‘report’ on the deceit that was/is Brexit. Such complicity of the media in the UK at glorifying the ‘emperor’s clothes.’ 😡
The answer is that while every major political party wanted to remin the British press which is 90% controlled by just 3 individuals campaigned relentlessly to leave. The reason they wanted to leave is to avoid the incoming EU regulations of the banking sector, since all of these owners are either not UK citizens or take Nom Dom status and therefore make gigantic sums of money by making sure nothing gets in the way of the status quo. These three individuals have cost the country untold billions and wrecked a number of other business sectors but because they dominate the media landscape to such a large degree there's little to no mention of their involvement. As a country we won't ever make the right decision and return to Europe while these groups control so much of the narrative here. I hope a few individuals from outside the UK can see this and highlight it to raise awareness.
Yes OK but since Brexit we've been able to grow our leeks,carrots,veg etc any size,shape or colour we want - i love blue square carrots but we've got no one to pick them now !
... and finally a crown on the pint glass😆😪
@@susannehartl3067 Ricky Shoerack's put his foot in it,big time ! A project to send s rocket to investigate the sun's energy output was nearly abandoned when Boris,his old friend said " Yes but Ricky won't it melt when it gets too close to the sun ? " ....Ricky being highly educated guffawed and retorted " but Boris we're sending it at night,you numpty ! ".....
@@twiglet2214 You've cracked me. 😂
@@susannehartl3067 Great news ! As a builder i can verify that since Brexit and Boris's ' Oven Ready Deal ' the cost of chimneys has gone through the roof !
I work for a New Zealand exporter. We still export to EU and UK is still just going to follow the same rules as it makes no sense to reinvent the wheel. It just means more bureaucrats and paperwork. On a personal note I have been getting car parts from the UK for many years. Parts that took a week to arrive 10 years ago now takes 3 months. Similar parts from EU or USA arrive in 2 weeks.
@@Royal_Fortune and the positive effects are what? We are still sending the stuff using EU guidelines. It will be at a cost to the UK to impose Their own rules.
@@Royal_Fortune The separate compliance and bureaucracy has to be paid for, by the British consumer. When the UK was part of the EU then that cost was shared by all countries. The irony is the UK will just use EU guidelines anyway. To do otherwise would be nuts. I have already pointed out that importing from UK to NZ is tedious now. That is a negative effect.
@@GSimpsonOAMthe e.u is destroying Europe.
I cannot think or remember of one single item or service made in the UK that I ever needed in my life...🤔
Harvey's bitter!
Is the average Brexiteer capable of digesting this information? I think the majority of them would struggle to use an abacus. While ever we have the ERG holding the government to ransom nothing is likely to change.
Considering not one remoaner can demonstrate even the most basic understanding of the financial situation we find ourselves in, I’m surprised you can even spell abacus.
@@senseofthecommonman I have a BA in European languages and economics...good enough for you common man?
Nope, as you remoaners constantly tell us, we're all dumb, racist, inbreds. How could we?...
@@senseofthecommonman insults aside, how can you say that we are better off after Brexit?
@@senseofthecommonman "Remoaner" is a badge of honour. A bunch of simpletons believed a bunch of lies from rich people resulting in a decision that f***ed over our country in a way that we'll never recover from, at least not in the foreseeable decades. Of course we're going to moan!
Remember when Boris said energy bills would be lower after brexit?
So the world wide increase in fuel costs is also down to Brexit, you remoaners are such financial experts.
@@senseofthecommonman Wholesale Gas has just come down in price again common man...do keep your eye on the markets.
But who could see what would happen after with Ukraine and covid so not really a Brexit issue
@@senseofthecommonman The price has more than doubled in UK. Much higher than anywhere else in EU.
@@thisisstupid6524 Other countries got covid too, you know? And they are not experiencing a cost doubling for energy.
I don't remember them saying Brexit would have a cost during the Leave Campaign prior to the Brexit Referendum and they still want to put a spin on things, avoiding the truth. What does Frost say is the way forward out of these difficulties? He doesn't. He just says give it time.
In Latvia we say As you cooked the porridge, so you must eat it
Will go down as one of Britains biggest ever economic blunders. Anyone who thought Brexit would be an ecomomic boom clearly should never comment on economic policy again. Ever!
We have an expression in french when, in a reckless situation in which you are fully aware of how you much you messed up, you still keep going and try to fulfill what you started. We call it "une fuite en avant" which you could translate as "fleeing towards" (please no joke about running away this is mostly cringe and outdated). And that perfectly describes the current situation in the UK...
Hello
Too little too late from the mainstream media. The damage is done.
Only due to border control many companies will end up moving to continental Europa. Any little mistake in administrative issues can force a truck back to UK and that's a lot of money and breaks up in the chaîne, customers with delays in the merchandise they need...You can substitute some of this trade with trade with further lands but even in the best scenario in which petrol costs remain stable, which I really doubt of, would never afford for the lost of trade with your closest neighbours. It's just logic.
Exactly! If Brexiteers think it's as easy to get perishable goods from Dover to Calais, as it is from Dover to Calcutta, (and at the same cost/sales price), they are in for a rude awakening!
It was the The City of London Corporation who wanted Brexit first and foremost according to certain experts out of fear that Brussels was going to limit their business practices by imposing unwanted legislation. When is the BBC going to further investigate those who curiously have benefited financially from Brexit or are they too powerful to be questioned?
Sorry, you are wrong. All the Global Financial Services companies were against Brexit as they saw it just increased barriers and thus costs. The Financial Times (the paper of serious business people) was very anti Brexit. All of the Global Financial Services firms tend to be based out of London (not exactly a place that voted leave!). Don't confuse a few rich twits (parochial small fry like Mogg) with the serious (global) financial services type (who ultimately took Truss down, as they care about profits above all and don't really care about the right and wrong of politics).
ERG ????????????????????????????
If you buy anything from the UK you'll notice what took 1 day to deliver before we left the single market now takes 2 weeks. Also you have duties to pay. As EU legislation is gradually ripped up over the next few years, problems with divergent regulatory systems will only add to the difficulty of trading with the EU.
things usually take abit longer than a day to be delivered from the UK to Europe mate haha, time is irrelevant the duties are what matter.
you know that meme where someone is driving his bike and puts a stick in the front wheel? thats the UK rn basically LOL.
If you listen carefully you can still hear Rees Mogg calling this project fear 🧐