The Brexit effect: how leaving the EU hit the UK | FT Film
The UK's recent disastrous "mini" Budget can trace its origins back to Britain's decision to leave the European Union. The economic costs of Brexit were masked by the Covid-19 pandemic and the crisis in Ukraine. But six years after the UK voted to leave, the effect has become clear. In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.
Produced, directed and edited by Daniel Garrahan
#brexit #ukeconomy #business #EU #europeanunion #Tories #conservatives #Labour #labourparty #ukip #britain #ukpolitics #UKbusiness #liztruss #BorisJohnson #kwasikwarteng #KeirStarmer #jeremyhunt #NigelFarage #UK #unitedkingdom #news #uknews #currentaffairs #bondmarket #gilts #sterling #tradebonds #markets #financialmarkets #finance #investing
00:00 - The Brexit effect
01:41 - The economic impact
04:40 - Brexit and business
09:45 - Britain falls behind
13:45 - The labour market
15:05 - Northern Ireland conundrum
16:50 - The conspiracy of silence
18:57 - Winners and losers
21:17 - The Brexit 'dividend
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If you leave a union, you are no longer entitled to the benefits of said union. What a shock.
Brexiters supposed to be special. Brexit hard truths are making them look like looooool. Brexit not going well at all
So why do you expect to benefit from the UK? Really can't see why you're shocked, the unelected officials were always going to make it harder for you.
@@peterppp694 it's working for us in the UK, though lots up do, first to make sure the EU sanctioned illegal migrants stay in the EU countries while they apply properly, wonder why they feel so unwelcome in the EU countries?
Because the EU is an empire.
@@thewingcommander how's that copium?
Hilarious, so worried about the Polish stealing their jobs now they just have the whole company in Poland 😂😂😂😂 😊
Ahahahah, exactly!
And even more funny: Brits can't work in that company in Poland, because of the end of free movement. They wanted it.
I had exactly the same thought.
@Jack Maguire Yes, and Suella Br did not like it ... Brexiteer vs Brexiteer, next round.
😂😂😂😂
So I divorced my wife but I still do expect all the marital benefits.
basically what the brits always did even when they were in the eu
theoratically if you didn't get married at the first place, at least you don't have to split up your assets when you divorced
Japan trades the world over, and can sell toyotas, hondas, suzukis, kawasaki, yamaha, sony, mitsubishi, nissan,subaru, lexus, fujitsu,mashushita,denso the world over and japan doesnt pay into a standover committee in a foreign land to do so, Japanese visa and immigration system isn't overridden by a standover foreign committee for 27 countries on the back of its international trading arrangements, giving 27 countries citizens unfettered access to Japanese jobs, welfare, healthcare,and housing and paying billions of yen for the privilege.. whilst handing over japanese fishing waters to forrin countries in order to "trade" with them.. ~Its "Project Reality" ~its how the rest of the world works in 169 countries
other 169 country have raw material , you have none, japan donot have raw material but they compensate that by working hard , you have only looted wealth whic h is getting used fast@@jonsimmons4150
No buddy, you divorce your wife, but she will still get the alimony, part of your house and keep the kid. You do not understand what the EU did with Britain.
As an Irishman watching Britain turn into Argentina Upon Thames is just hilarious.
Irish brothers enjoying the joys of republic and EU 🇫🇷❤🇮🇪
😂😂
Much love to Ireland. 🇮🇪🇪🇺 Hopefully this results in reunification.
Argentina Upon Thames! That's really good and I'm going to borrow that.
JAJAJA we have a joke about the failed british empire... But watching documentaries or news about how they have to choose between heating or eating is not fun.
They were told, "We send so many million Pounds to the EU everyday. " They never asked, "How many million Euros does the EU send back to us? "
Because the amount given exceeds whatever EU "gave back". UK, Germany and France are/were net contributors. www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/theukcontributiontotheeubudget/2017-10-31
If people are so stupid that they don't even ask, then it's basically their own fault.
One huge problem with that is that it’s our money they send back to us. For every £10 we send them, they send £3 back and then tell us how we can spend it. Never once has the UK got back more than it put in.
@@dee2251 You missed the point. You can't just compare dollar figures sent back and forth between governments. There are economic benefits that were worth far more than the money sent.
@@rickymetz869 Actual I think you’ve missed the point. Our sovereignty is worth much more than the Benjamins, but then the UK was always the biggest loser in the SM. Most British businesses don’t export to the EU and now have over 70 independent trade deals and counting. Something we couldn’t ever do within the EU.
As a Dutch person I thank the English for this experiment, we had some corners in our country who wanted that as well. But thx to you guys we don't even talk about leaving anymore
Very well said
Have you ever heard of Stockholm syndrome?
Dont speak so soon yet. We are still waiting on the results from the disastrous decision the European Union made to jump on board with the *_Economic Sanctions War_* against Russia and totally cut itself off from natural gas. Let's wait until springtime 2023 to see if being fully on-board with the EU was/is a good idea.
Same here in Denmark
😅
Looking at this whole mess from the outside, it is seriously weird to still hear people (including critics) say "We are treated as a third country now." ... You aren't "treated as a third country", you ARE a third country. Becoming one is literally what you voted for in the first place.
It was hilarious. UK called Poland and other post soviet countries "Third World". Now they know how it felt.
That was the whole point of the vote. Becomming a third country going forward.
it’s not a third world country though is it?
@@ricardo8640 nobody is saying it is a third world country. Nobody other then trolls anyway.
Japan trades the world over, and can sell toyotas, hondas, suzukis, kawasaki, yamaha, sony, mitsubishi, nissan,subaru, lexus, fujitsu,mashushita,denso the world over and japan doesnt pay into a standover committee in a foreign land to do so, Japanese visa and immigration system isn't overridden by a standover foreign committee for 27 countries on the back of its international trading arrangements, giving 27 countries citizens unfettered access to Japanese jobs, welfare, healthcare,and housing and paying billions of yen for the privilege.. whilst handing over japanese fishing waters to forrin countries in order to "trade" with them.. ~Its "Project Reality" ~its how the rest of the world works in 169 countries
As a EU-Citizen, i am so happy we didnt bend over for UK after brexit, just to keep them friendly or something. It was one of the few moments we really acted like a union and showed the rowdy kid the way out.
Goodbye 4th reich
The 'rowdy kid'(The UK) was also immature and too full of itself.
Not an accurate take on the EU's attitude at all.
Good riddance, if you ask me.
They weren't invited to Davos? They sent D.Imain?
I'm a retired American who moved to France 6 years ago. Quite frankly, I have zero sympathy for the older generation Brexiteers; you made your bed, now sleep in it. I do, however, have great sympathy for the younger generations of Brits; they realized what the impact was going to have on their lives. Whereas the older generations only care about keeping their short-sighted sovereign greedy mentality in place, the younger generations instinctively knew that you need good business relations with other countries in order to get the things you want and need.
I feel the same way, as I'm sure many senior Brexiteers do as well by now. The whole saga, from the mindless referendum to the shambles overseen by Boris Karloff, teaches us much about the ineptitude of the modern British (post 1975) for self-government. The idea of taking a good look before you jump never came into play here due to Camerons' Calamity. We lock up people like Assange while the real crims walk free. We need someone to MBGA - make Britain great again, if it ever was great in the first place.
@@lauriemayne7436 🤣🤣🤣🤣🤣
The young really took a hit on Brexit. Access to a career within a 28 country Union, along with free movement and free health care, shows how extreme the greed was among the older English generation. Let's take care of our up-and-coming was never on the table. Why Scotland doesn't separate is likely due to a number of considerations, but they were really pulled into the vortex on that one.
Would you be happy if Mexico was setting the trade rules and USA was powerless to stop it
I just want to point out that it wasn't specific age groups voting for 1 or the other. It was people with foresight & people without, many of us did our research or just had a general understanding that pulling out of a union with so many benefits (like court of human rights & the free market) was foolish, that's why the vote was almost 50/50 & people like Nigel Farage should've seen consequences for lying to the public about the total exchange of funds with the EU.
I have zero sympathy for the business owners who say "I was in favor of Brexit but didn't know that it would be so hard to export and import afterward". That was repeated over and over again during the debates before the vote. It's not that you didn't know. It's that either you chose not to believe what you were told, or you didn't care enough to pay attention. * edited to fix spelling *
I get it though. I voted to stay, but brexit was never defined. A "soft" brexit within the customs Union would have meant minimimal disruption.
@@mcr2356 A soft Brexit would have only been possible if the Free circulation of people was on the negotiation table. The UK government ruled that out (their right). And the EU ruled that free circulation of goods and people had to go hand in hand (their right). EU made their position clear from the very beginning. Yet, the Brexiters kept saying that they'd be able to negotiate a great deal. EU's jewels of the crown is its huge internal free market. What interest would the EU have to create a precedent where a non-member state participate without any significant counterpart (especially, if said non-member state has a government who's favorite pastime is to throw mud at the EU)? A soft landing was never ever going to happen.
@@mcr2356 This is like sealing the fire exit of a building on fire and saying _"I thought there was a chance we'd find another exit."_
@@mcr2356 A soft Brexit required making demands of the EU just as the UK was on the way out. Sure, you can demand to continue using the exercise treadmill and pool when you cancel your gym membership... but they don't have to consent. They'd be stupid to let you. Ultimately, the UK opted to leave a club but continued to believe it would enjoy the benefits of membership. That's mad, and anybody who pointed that out -- and it was a lot of people -- was ignored, shouted down, or ruthlessly mocked. Hard Brexit was an inevitability from the very beginning.
I'm much more cynical. I think there was an option 3: they thought it wouldn't affect them somehow because they had money and "thought" that gave them some kind of power.
As a British national, Brexit is a deeply painful embarrassment of Trumpian proportions. Please don't forget that there was a lot of English people that fought against this and lost, myself included. This resulted in families splitting and the ongoing anger and sense of betrayal I continue to feel as we watch the completely predictable results play out.
That is absolutely relatable. It's a pretty horrible situation of having to lie in a bed that the other side made. I hope that at one point in time politicians and pro brexiteers will come to their senses.
Seeing Biden, I don't see the particular embarrassment in Trump. But I mean Brits fell for populism, false claims and distortion of the truth, happens to the best of us.
@@jonasduell9953 Not sure if you're being serious, but if you are, the irony couldn't be any bigger.
Cry puppet cry.😢😢
@@jonasduell9953 Trump presidency, like Brexit, marks the point of no return in the decline of a once great nation. Both are entirely self-inflicted wounds, caused by the citizens deciding they prefer delusion to reality, and are thus embarrassing in the same way drinking yourself to death is embarrassing.
I used to buy products from Britain fairly regularly, but I've stopped doing that, because I pay a 25% import tax,which I simply am not willing to pay.
Correct. I stopped buying books and other items from Britain because of this.
The UK had it all - strong pound, free trade with the whole of Europe, growing economy. All buried in a single referendum.
So you are not old enough to have seen a weak pound or strong dollar before, I have seen parity
@@miker3139 I lived through the 1985 crash where we came close to parity. But the difference then was that the exchange rate only dropped below 1.45 for a period of 1.5 years and was rectified by the US signing the Plaza Accord. Whereas today the exchange rate has been below 1.45 for over 5.5 years and counting.
And excellent banking sector dealing with Europeans and North Americans alike
@@dombaker1924 Way below
😢
How anyone voting for Brexit believed that you can “divorce” but still remain “friends with benefits” is beyond any form of imagination. Childish actions often have bitter results.
The brexit Paradox is that any govt capable of delivering brexit wouldn't
@@brmh1667 The comment by Wassabi really hits the nail on the head. Britain wanted all of the benefits of being an EU member but none of the costs.
Lots of the big players arguing for Brexit did try and make out we'd be financially better off, but for most of the people who voted for it at the time it seemed like it was much more about immigration with a bit of anti establishment sentiment thrown in too.
EU becoming Soviet Union... formerly it was an economic community, and today they tell you what you think about abortion, LGBT ... Brexit was the best thing for GB!
@@jozefk8948 proof????
„We didn’t start to dig into the questions until Brexit was done.“ Even for a lay person the fundamental economic questions were clear in 2015 and the lack of answers was evident. The young generation of Brits were royally screwed by the pro Brexit politicians and the xenophobic retiree generation that feared the impact of cheap non British laborers.
It was totallly clear, our PM wanted us to stay in, annd produced a leaflet telling us why we should stay in and all the bad things that could happen if we left. Yes they were a drawback, but despite this most people voted to leave. Most of the bad things they said that would happen turned out to be scare stories in the end. It was a win - win for the UK! And we would leave again
@@voice.of.reason No reasonable discussion is possible with people, like you, who are immune to evidence.
@@voice.of.reasonI'm not a fan of EU but have you like... looked at any economical statistic about this? I was actually rooting for Britain to succeed simply to push EU into reforms, but so far its been an economic disaster... now Poland is predicted to have higher average household income than Britain by the end of the decade, Poland that British nationalists blamed for all its problems as the immigrant scapegoat... the irony is just hilarious
Im pulling my hair out thinking about it, how did they not for a single second think what actually would happened if they left the EU? It was obvious from the start that they would get shafted if they did, its such a weird thing to just say "well we didnt know what would happened" like holy hell your a business owner, its your job to think about these things..
Because they were impossible to talk to. We all tried, and got petulant forced laughter or just stubborn "no, YOU'VE got it wrong" in replies.
I'm utterly stunned that so many people failed to grasp such a basic concept as "dumping the system that enables you to trade freely implies you will no longer be able to trade freely". I admit it's a _bit_ more abstract than "stepping off the building that keeps you from falling to the ground means you'll fall to the ground", but honestly, not _much_ more abstract. I do feel sorry for such people... but not so much for what's happened to them as that they're that lamentably stupid.
Not only that, they got to keep their own currency! They got given most of the benefits without much of the downside and turned it down.
I think the issue is that people might have voted for brexit, but wanted a soft brexit instead of a hard one.
Name *ONE* trading bloc that has.. 1) free unfettered movement.of people 2) a flag 3) a hymn 4) a unique currency
@@jonsimmons4150none. Thats why there's no multinational entity as rich as the EU
But it wasn't trade- *EU IS A POLITICAL UNION*
As a Scotsman, I am so sad that Scotland was dragged out into this mess even though as a country we voted to stay in the EU.
Would be great to welcome Scotland back in the EU! Maybe one day......
Funny that ironic cry of freedom whilst clawing at the shores of a federalistic state.
As a German, I would love to see Scotland in EU!
@@ericshadee Federalistic state? You mean the EU market?
@@freedomsteppa it's far from the initial concept of the EEC.
As a French EU citizen, i feel only sad for the Scottish taken away against their will and also for the young British generation deprived of all the EU benefits.
Well, the balkans have and are currently deprived of all these benefits for decades (while being far fewer in population & poorer than UK & being the region that gave birth to Europe) yet I don't see you nor westerners at large protest that one iota. I guess empathy doesn't stretch towards "the foreign" irrespective of truth... tribalism par excellence.
@@Untilitpases look im spaniard , my country could not join until late cz the spanish dictatorship, solve the problems in those countries and they Will be accepted , they dont even haave the minimum standards required to be a member
@@Untilitpases Your analysis is based on your feelings. Slovenia and Croatia(Balkan states) already are members, because they reached the necessary standards. Besides that EU-candidate states get billions from the EU to improve their justice system, fight corruption and improve institutions. Even Serbia gets billions. But that now ends, because they like to lick dictator Putin's boot and do not care about Ukraine. However, Bosnia and Herzegovina have gotten EU candidate status today! Once they have improved the level of their institutions and solved other problems like corruption, they are allowed to join. The EU sets a high standard.
Hahahaha
@@cg986 You are both highjacking the topic. The topic is: falling on the wrong side of the EU walls has costs that bring a 1st world country to recession in under a year... well, guess what happens to poor countries for Decades. I guess when a change happens recently, we notice, when it's stretched over decades we call it normal. Normalizing decades of underinvestment, engineered disadvantaged position, double taxation... no wonder gray & illegal econ activity take root, you can't compete with anything else by definition. And let's not kid ourselves, it's all about money. If you are a rich country: you can have your cake &eat it too (money laundering haven Switzerland, Norway, rich microstates.) Enjoying the perks sans commitment. If you are poor, they take your lunch. Slovenia & Croatia joined for a myriad of reasons. 1, they've been invested upon for centuries (Austria), 2, rich countries share borders with them. Romania (geostrategic interest = $ & politics) joined w/o solving much. Also, it's not like corruption ain't happening in EU (hello $ bags), Belgium, Netherlands etc. Set an impossibly high standard until you grow rich enough for EU to care, then magically you are accepted. Those millions/billions go back to EU organisations & companies, and that's w/o counting all the revenue lost & humongous opportunity cost of being EU's Schrodinger's cat.
The funny thing is that, outside the UK we knew that is gonna happen after Brexit. Everyone knew it, except the ones who voted for it. Just fuckin epic
Every interview there can be resumed in one simple line. "We were told that we could have our cake and eat it too, and we believed that."
You can have your cake and eat it too but you have to share the cake. If you try to hog the whole cake to yourself then your mom will take it away from you
Wait.......leaving one of the biggest trading unions in the world has damaged the UK economy?! Who would've predicted that?
Not that there was any spite and malfeasance on the part of the EU seeking to punish Blighty for breaking up with it, heavens no! They remain completely blameless. (You hear that Greece? Stay in line! We OWN you!)
@@MINDYOUROWNBUISINESS Of course the EU punished the UK for leaving. Once a country has left the trading bloc, it becomes a direct competitor to the remaining countries. In addition, it's very much a deterrent against anyone else contemplating leaving. All this was entirely predictable, but Little Englanders got their blue passports back, so congratulations, I guess?
And yet look at the state of the financial for those individual European countries and the EU loans to keep them from depressions. Even the EU cannot stop third world manufacturing and Chinese manufacturing whilst. The lack of ability to evolve and focus on growing issues was such a leading factor to why many wanted change and the EU kept saying no. The people power should be focused on where they buy the products and who that supports directly. Population fluctuations also have influenced alot with fast changes in economic migration across all levels of service.
@@MINDYOUROWNBUISINESS Of course. You people didn't factor that into your nonsense, did you?
@@MINDYOUROWNBUISINESS it's not really spite or punishment to withdraw the benefits of membership once we left. Why would the EU continue to give us free unobstructed trade, include us in EU schemes etc if we are no longer a member? These were all things that sensible observers pointed out but Brexiteers denied that it would be a problem.
Voluntarily exiting the worlds largest trading union that others fight so hard to join is just another nail in the coffin of what was once the world's most powerful empire.
Very well put.
Never thought about it like that, but this will be a very great read in a history book where future generations literally won't believe why it happened. They'll try and think of logical alternative reasons, but lucky enough all of this was well documented lol
There is one difference between those that now try to join and Britain: Britain was a net payer. Even in Germany there was a small concern of now needing to pay more to upkeep the union financially. And that was actually a worry that it would make the EU collapse because the net payers would want to follow suit. Luckily they didn't and with the disaster that was Brexit probably never will. The thing that puzzles me is: shouldn't Britain (within the EU) have been able to sell much more to the EU and actually exert some economic or even political influence in these countries? Like the Poles often like to complain, that they are slowly being bought by Germany. (i.e. investments... with a return)
@@jaorlowski They did have quite a bit political power. Their reps were obstructing many directives and regulations. Even when they joined in 1984, Margaret Thatcher managed to get a massive rebate allowing them to pay in much less than they would have had to due to their economic power. That rebate was in effect right until the end. All of that stopped with the Brexit. And yes, the UK was able to sell a lot more within the EU, but it's not just sales. Cheap imports are a thing of the past now. And so are business opportunities. In its attempt to become less dependent from Russia and China, the EU will move the production of many critical products such as pharmaceuticals back to the EU. The UK could have profited from that as well, but there's no chance for any EU critical industries settling there now. And then there's also the tiny issue of an entire army of skilled worker positions now being open that the UK can't manage to fill.
@@pseudonym3690 Yeah, that's what i meant. Why give up on the influence..? Also i meant direct influence IN a concrete EU country. Like a British Bank in for instance Poland, or telecommunications... Strangely enough the industry did not riot. They are usually the first to complain about any changes.
My family business immediately set up a company in Germany after the Brexit vote and we've effectively moved everything to Germany. We plan to close the business in UK as there is little benefit to have both now.
Good! Many companies moved to uk to trade.
@@jonsimmons4150 Are these "companies" in the room with us right now?
Good. As your customers are in europe then, that opens a space for a home grown uk company to fill your boots in the uk.
@jonsimmons4150 Good luck, with that. Oh right, we retained our clients who are primarily from outside of the UK. Our UK clients are still with us. But that might be hard for a brexit supporter to fathom since all you can think of is Nigel Farage and Boros Jhonsons does.
@@jonsimmons4150 Your lack of business knowledge is astounding!
The devastating irony of life eh...The "greatest generation" so willingly gave their lives for their children's and Britain's future and that very generation of children, the wealthiest and most privileged to ever exist are the most instrumental in dashing the hopes, dreams and future of Britain and their own Grandchildren
I'm a Portuguese Mechanical Engineer that worked 10 years for a lorry diesel injector industry in Suffolk, developing and improving the production system. The improvements that I developed had a return for the company of almost 1million pounds per year... although I paid all my taxes I had 2 English neighbors knocking my door to leave the country because I was taking English people's jobs. Good luck now.
Their loss then
Although everyone can be replaced, I brought with me the knowledge and secrets for developing the tools... Good worker, but not stupid...
@@walter3433 In 2018 the plant manager had told me that in the future major changes in the country could happen and probably I would had to return to my country... Everything is very well planned, nothing happens randomly...and is not conspiracy theories. Is reality.
Brexit or how to shoot yourself in the foot without really trying.
Dude, I’m sure you were « taking » Brits jobs - when they weren’t too drunk in pubs 😆
The great thing about Brexit is that nobody, NOT ONE COUNTRY even thinks about leaving EU any more. Poland, Hungary, France...as silent as mice. War in Ukraine has been another eye opener; united we stand, divided we fall.
Poland Hungary and all the other Eastern European countries are fully benefitting from free money. Cut off the cash flow and they will be out tomorrow.
Did the EU not contribute to the reason Putin started the war? Secondly the EU don’t pay their fair share to protect Europe, they just don’t. Thirdly, how can you have an all inclusive foreign policy, you can’t. This is too one dimensional with pro remainders spouting remain I told you so and feeling sorry for the next generation. It is too early to dismiss Brexit as a failure, adapt to change we are not going back in.
Well that's blatantly false. Plenty of countries are rebelling against the EU... Hungary and Poland included but also Italy just elected a Eurosceptic government. The war in Ukraine is an eye opener that the EU is doomed. This energy crises will destroy the EU and discredit the UN. Z
@@poingpoing11 Even then Poland and Hungary are making notions of leaving.
@@poingpoing11 not really - even without net influx of money from the EU, EE countries are the ones benefiting the most from the Union thanks to lower labour cost than WE. both entrepreneurs in the video set shop in Poland, not in Germany or France, just as an example
I’m from Minnesota (US) and this is mind-blowing. It’s like the EU has re-awoken to how strong it is and I cannot understand how the British don’t understand international border recognition, political coherence, and business operations. My 17 year-old high school daughter foresaw this.
That happened because there was a lot of disinformation and misinformation about the aftermath, and because the majority of leave voters was old brits that in the best case are drunk in some pub 8 hours a day...
Who would've guessed that leaving the EU would make it more difficult to do business with the EU.
One of my favorite quotes: "For every complex problem, there is a solution which is clear, simple, and wrong."
I'm stealing your comment! The problem is that too many humans love those simplistic "answers". It saves them from having to actually think. What's worse is when they are questioned on their wrong solution, they get so defensive that they become offensive. And not "just" verbally violent. Another thing I've been thinking about is that, since such a large portion of the population is affected this way, there must be a cultural aspect to it. Some kind of large scale mental/emotional glitch at work. I live in the U.S., and I have been continually derailed over how extreme right-wing We The People have become over the last 5 decades. I've found it confusing and increasingly alarming. Trump's election almost killed me. It did kill a friend of mine, who died of a heart attack within 10 minutes of the announcement that trump had been elected President. And now, we here in the U.S. are looking at a way-too-possible fascist coup via the Midterm elections. It's scary over here. I keep hearing David Bowie's song, "I'm Afraid Of Americans" in my head.
Brilliant
Brilliant; thanks Chen for your comment! The very definition of how populists operate.
Im happy for Brexit because its made UK economy become poor, its karma what they did to China[because of Opium war unleashed by UK and France to sell drug, to made China weak, refuse to sell with gold because UK gold becoming low, even with looting Java[Indonesian called it Geger Sepehi, tone of tone of gold, silver, jewelry, stonework, artwork, manuscript, burning of palace, destruction of city wall and fort, burning of manuscript and record, Looting of Native America, Australia, New Zealand, Pacific Islands, India, Burma, Sri Lanka, Africa and middleeast/Oman, Trucial state/UAE, Qatar etc, but India, Africa and Malaya are were UK made alot of wealth, gold and money but looting and stolen resource, and build 1800s UK rapidly, building many grand church, palace, infrastructure, facility and finance of military and white british settler and affairs], Russia take advantage of military cripple China to annexed 10% of total China land, 1000x more than British who take by war who take just Hong Kong], Qing dynasty devastated because they lost more half of Manchu/Jurchen and cousin Tungstic land. today Primorksy Krai, Half of Khabarovsk Krai and Amur Oblast. British do to so many dispute and conflict/UK cornflakes, like India-Pakistan dispute of Kashmir, Southern Thailand 'Patani region or Malay majority province know as 'Patani sultanate', given and bless by British to Siam/Thailand in 1909, Kenya-Somalia dispute, Iraq-Iran war, Iraq want to take Khuzestan a Arab majority province in Iran, because British wanted Iran annexed Khuzestan or in Arabic Ahwaz because Anglo-Iran petroleum, even to this days, Khuzestan was the largest oil and gas province in whole Iran, about 2/4 of their reserved in Khuzestan, if not Khuzestan just like others gulf arab state like Bahrain, Qatar, Kuwait, UAE, Cameroon English-French speaker problem, Mess of Middle-East beause of UK and France interfearing and draw border, just like Patani or Southernmost Thailand, France and British just lets Hatay province annexed by Turkey in 1939, it should be under Syria, and many of Arab move to Syria and many of Arab muslim, Christian and Alawi today lost their arabic and speak turkish, but older generation still speak arabic togther with turkish. British also created the most controversial conflict, Palestine-Israel, by help Jews a minority created a state in Arab majority land, then kick many arab as many they can in 'Nakba 1949', and bring many jews to made arab minority even today arab still a majority if included west bank and gaza about 52%, but in future, maybe Jews will become majority because everyday many jews migrated into Israel. especially european and america blone blue eyes jews. the ethnic tension in Singapore, Malaysia, New Zealand, India, Africa country, middle-east, Fiji, Australia, Canada its all because of UK. so Brexit thank you, its a Karma. hope UK will broke and scotland become own country and North Ireland merger with Republic of Ireland
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I find it strange that absolutely no one is holding Nigel farage accountable for his role in this terrible mess..
The man was an obvious charlatan. The only way he could have made that clearer would have been to hang a giant sign around his neck and yell it through a megaphone. If people were taken in by him, then they were fools. And they hold responsibility for the results of their ignorance.
don't worry, at the current rate he will be the leader of the opposition in Westminster given the tory polling
I think its rather Boris Johnson who facilitated this "Brexit mess" ,Nigel Farage has been anti-EU since Blairs days but BJ made Brexit possible & recently said & thinks it was one of his achievments
He conned you guys!
we need proper Brexit and proper seperation from EU.
To summarize. "WE THOUGHT IT WOULD GIVE US FREEDOM! We can do as we please! Wait, what? We dont get Political Freedom but keep all the Economic Benefits with Europe?" Also. I think SOME Brits, especially older, forget they are not the EMPIRE and have not been for almost 80 years now.
Wasn't Financial Times one of the numerous tabloids that spent years blaming the EU for the shortcomings of Westminster?
I'm watching this video again, and I cannot fathom how businesses were so naive to think that Brexit would not affect their operation within the EU.
As soon as we heard that Brexit had been voted through, as a small 2 person limited company we know this would happen. It was crystal clear that our trade with the EU would result in a serious fall in our income and profitability. We are not financial experts, but it was absolutely obvious that removing ourselves from a barrier-free market would be very damaging. Before Brexit, shipping costs to the EU were not much more than sending within UK, and we could easily travel to Europe for special events to work several times a year, so this gave us a very handy 20% of our turnover. These options are effectively removed (and it was obvious that this would be the case well before any details were announced) and the idea of alternative markets is ludicrous. Shipping costs to the other side of the world make our products economically unattractive, and of course they is no way that we can jump in our van and go to an event for few days beyond the boundaries of Europe. It was so clear that Brexit could only damage businesses who traded with the EU.
@Churchill canzuk is a market of 120 million people across several ocean. A logical person would stay in a union of 450 million people connected to his country. Simple math and logic, something that was never ever present in the reasoning behind brexit. Also fun fact the EU have more favorable free trade agreements with Canada, New Zealand and Australia, because interestingly there is more bargaining power as a union of 450 million than a single country of 60 million.
@Churchill mr Churchill the French are rioting because their situation is so dire that their wages are 25% higher than the uks, their pensions are 3x the uks,their fuel bills are 40 % of the uks, their retirement age is 8 years earlier than the uks, their health system isn't under attack by the government, their public transport is 6x cheaper than the uks, brexit is the greatest con ever pulled by a government of career criminals ever anywhere in the world, this is why I live in Madrid
@Churchill Hahahahahahahahaha... what a bullsit.
@Invictus lol can't even get a visit to the GP in less than 3 weeks - oh have the mighty fallen
GB has clearly shown other European countries that you do not leave the EU without major problems and huge costs. Thanks to Great Britain for sacrificing to help us understand.
Yeah, Europhobic movement in France was at its peak until post-Brexit negotiations.
Yeah, even in Spain which is about the least europhobic country in europe, anti-EU sentiment was at its relative peak before UK left. And I for one actually know why. There's two reasons. One is, quite simply, that UK was the very source of most issues the rest of Europe had with the EU. I mean, I honestly believe if EU had a way to kick members out, many would have asked us to trigger it before UK just Brexited itself. The second is that UK was by far the worst country to try to leave EU and did so in the worst way. So let's examine that. First. Why was UK such a cancer within EU? Well, to put it simply, UK was a priviledged entity. And it wasn't even trying to hide it. When UK joined under Thatcher it lobied not only its own economy but massive pressure from USA to ensure it would get priviledged. Literal ones. No, seriously, look it up. There's a ton of EU laws that simply didn't apply to UK. And notably, EU clearly lamented this, because UK was THE ONLY country with priviledges within EU. And indeed EU has pushed for symetric federalism ever since, which since Brexit has almost been accomplished. So how did this turn UK into a massive cancerous growth? Well first of all, the fact that a lot of Europe knew that for all intents and purposes we had 2 types of countries, UK and Everyone Else, and they were on the receiving end of this dynamic, didn't exactly foster feelings of goodwill towards the institutions. I mean, we were literally all second class citizens under the law. That's pretty fucked up. Secondly, UK benefited from things being slow and overregulated. Ironically while UK was the first to denounce this overregulation during brexit, they were the ones lobbying for it, and actively vetoing chances to fix it. They intentionally clogged the EU's bureaucracy. Why? well let's go with a practical example. Docks. UK literally doesn't even have the infrastructure needed to control its own docks. But why? Well, because under EU priviledges, they could set their own rules for dock transport. And how did they abuse it? Well, Thatcher called it the "gateway to europe" plan. You see, UK lobyed for extremely strick dock regulations in EU, then literally had practically none itself. The result was a massive trade syphon, it was exceedingly profitable to take the longer route to UK to push goods without controls than to have to dredge through all of what the rest of the EU had to go through to let you in. That is indeed precisely why the countries that have historically been called the gateway to europe (spain and portugal) had far less trade than UK which is way worse located for it. Our trade was being actively sabotaged. And not just the trade! Because with it comes the tertiary economy that follows, the financial sector, and oh what a surprise that such a sector was capped on affected regions while being by far the largest sector of the UK economy due to this. The UK were for all intents and purposes EU's backdoor, an actual den of smugglers. The impact of this trade deficit was so great that spain's docks have been in constant growth through the entire Covid season, with the most drastic impact being on Cadiz, a province that has seen such massive economic growth since Brexit that it has gone from a net receiver to a net donor within Spain. Not to mention the growth in transport infrastructure that followed. Think about that for a second, UK's political games were so bad for us that even Covid and the Russia-Ukraine war aren't enough to offset our economic growth simply from being free from the UK. That's how good brexit has been for us. So now as to the second point. Why was UK literally the worst exit candidate (for itself) and brexit has been the worst way to do it? well simple. Just think about it. What sectors have completely collapsed since brexit? Trade and finance. Exactly the sectors with the most notable priviledges. UK economy was actually CRASHING under Thatcher before it joined EU. The loss of the British Empire was destroying it. Joining EU saved it precisely BECAUSE of the priviledges. Without them, UK doesn't have much in the way of natural resources, nor infrastructure. It is an economy that simply can't sustain itself in a fair world. And by exiting it has renounced its priviledges. And now... it must crash. And it could have been less brutal for them, if at least they chose a less drastic brexit. Hell EU went SOFT during negotiations, allowed them to keep a lot of trade benefits if they simply followed fitosanitary standarda and played by the rules. It was going to keep parts of its priviledges intact as a member of the economic area. But no. It is UK that sabotaged those talks and actively pushed for the harshest brexit. Well good riddance I say. Thanks for being so stupid, england. You doomed yourself snd the rest of the UK. And I couldn't be happier for it. it's not every day that a tumor heals itself.
@@thespanishinquisition4078 hear hear 👍
Sad but true
😅I'm sure the British are really happy to have fallen on their own sword for no good reason.
This has been one of the biggest scams perpetrated by Farage and Johnson. Brexit has done so much harm to the average person in the UK. Hope there's a way to reverse this ridiculous decision and get back to a better way. All the best from Canada.
As a matter of fact, people in the EU said good bye to the UK the date of the Brexit. The products and produce of the UK are almost forgotten here.
From a customer perspective in continental Europe I can tell you that I never used to check where the goods I ordered via Amazon, EBay etc came from. After a few deliveries from the UK got delayed, stuck in customs or returned to sender by the carrier, I now explicitly make sure I’m not buying anything from the UK anymore. Just too much trouble. Casting your vote has consequences. And the best thing is: now that Brits got their country “back”, they can’t blames us anymore for all the problems they have, can they? 😂
They'll try..... Remember a while back they were saying we're punishing them 😂😂😂
Hahaha you’re Parcel get stuck in custom’s and you blame the uk? They’re you fcuking rules!!
If you buy from Amazon or ebay the odds it came from Britain are virtually nill.
@@ollimustonen That's not how Amazon works. If you place an order with Amazon outside of your country Amazon first checks for availability within your country first. If not it will either tell you its not available in your country or you have to pay further shipping costs. Brexit has NOTHING to do with it.
@@thejupiter2 I'm pretty sure Germany is the biggest hub for Amazon here in Europe. And when I ordered from Co UK they always came from UK warehouse. So... 🤷♂️
It's easier to fool people than to convince people that they've been fooled. - Mark Twain
yeah - thats why we left ...
Wait until the EU rolls out its totalitarianism technocracy social credit system. By that time, you will be fully onboard.
@@citixenpips you left because Farage told you that you were exceptional
@@citixenpips You only serve as a case example to reinforce Twain's point, lmao.
What convinced me how effective the Brexit campaign was, was the fact that the majority of British ex-pats in Spain voted for Brexit. It is inexplicable.
Please, Never stop the Brexit debate. Instead of the depressing climate, virus and Ukraine news, the Brexit debate in the UK is the joke that keeps on giving 🤗
Racism, xenophobia, arrogant nationalism is what brexit was about
True, but also that every citizen of a new member state couldn't wait to move to the UK as soon as their country were accepted. I didn't see a lot of Latvians crazy to move to Poland, not even to Sweden. No. They all went to live in England. Of course that was going to create friction.
Migrants with means want to move to wealthier countries. Holy crap you just discovered how global immigration works
Unfettered immigration.. Wage compression.. Public services and housing shortages. There, fixed your comment.
The sad and strange part of all this is that nothing in this 30min program was not predicted or predictable already in 2016, and yet people in the UK voted for it.
Brexiters are blind and poorly educated. They are learning the lesson the hard way.
Out of curiosity, why did they vote to leave the EU? Like what were their mains point? Was it like a racial thing, they didn't want other people coming in and stealing their jobs? Or was it another reason?
@@JayForsure The Leave campaigns promised a huge variety of (uncosted) benefits so there is no one reason. Announcing you can have cake tomorrow but deliberately NOT saying the Tories will evict you from your house the day after or as it seems now, you will freeze this winter.
@@JayForsure the reason was blue passports and bent bananas
@@JayForsure 2 reasons. Immigration ('too many foreigners') and the lie on the side of the bus about NHS finances.
Whenever I asked people “why do you want to leave the EU?” 99% of people said because of foreigners and taking back control. I asked them to elaborate more on this and they could never answer, I explained it would damage the British economy and there would be huge gaps in employment regarding low skilled essential work - now my neighbour who voted for brexit who’s a carer complains about all the hours she has to work and how they’ve constantly got no staff because the European staff have left. No words.
They were afraid to get invaded like how British empire did to others. They didn't like a taste of their own medicine
Trump, Brexit... The results of a significant dumbing down of society. People can't look past a slogan these days in some countries.
@@gezin82 The British Empire went home to Britain, with the detritus of Empire tagging along. There will be more to come. An amazing turn of events.
That's right my friend!!!!! The romaniens are comming.....watch out!!!!
Limited supply of exploitable and expendable labour you mean. There's loads of people trapped in "structurally unemployed" areas with no skills who need a job but they can't move out of the shitehole because of high rents. Immigration drives rents up and wages at the bottom down.
Living in Ireland, I always ordered from the UK. It took so long to deliver, and I always had to pay tax, even on small items, so I just stopped. I always check now to see if something is coming from the UK, and I don't want to deal with it anymore.
what a great video, I love everything he said, things like this always make me wonder what it would be like if we hadn't established financial systems all over Europe
yes you are right reminds me of my financial mentor mr Shawn Richard
people like them always add to the financial economy one way or another
This guy sounds so interesting, he comes highly recommended because I have also encountered his name on some of my social media platforms,
I would like to know how I can contact him official and talk business and finance with him
Instagram😊
This film reflects my own experiences as a small business operator. 40% of my sales were direct to the EU. Goods were shipped from our door and delivered anywhere within the other 27 within three to five days. Post Brexit - 12 weeks! Sales to the EU have vanished, and I've thrown the towel in.
How did you vote?
@@jerryorange6983 stay
@@altumurnemtzra2026 so join the rejoin march tomorrow Sat 22. I will be there :)
No offence but the British pioneered divide and rule this time they did it to themselves. United you stand divided you fall even Putin took advantage of the very same thing; Politicians don't really care only thing they do is mess things up be it from any side of the political spectrum they never care about the population.
@@jerryorange6983 i doupt they will allow us back in now .
Never seen so many people get exactly what they wanted and still complain.
Like one of the guests on the program said the poorer britons are going to get poorer. Those who voted will now have to get those jobs they heckled those immigrants who willingly took it back in the day.
They didn't get what they wanted. They wanted unicorns and fairy tales but were too naive to realise their expectations could never materialise in the real world.
That's the English way :))
I'm from Asia, and I am no expert in economics or politics, but I was really surprised when the British government went ahead with the Brexit even though the poll results (to leave or stay) was so close to call.
The multi millionaire PM David Camoron in his stupidity believed that a referendum "supported" by a pack of lies aka Project Fear would lead to the UK being enslaved to the EU. Of course he was wrong but did at least resign in a hissy fit. As a member of the Bullingdon Club he should have been locked in a room with a bottle of whicky and a revolver.
My family decided to leave the USA in 2021. If it wasn’t for Brexit, the UK would have been one of the top contenders for a new home. However, after seeing all this play out, we understood it wasn’t even an option. We now live in Germany and are learning German. Wife is a doctor and I’m an engineer, and we are way happier than living in the US. And this video is one feather in a cap that shows that we were right not to jump onto a sinking ship, the UK.
I am from the UK and a business owner that specialises in medical equipment from the UK to the EU. We lost 50% of our clients due to Brexit and they are gone mostly. The reason being the wait on customs and paperwork, as they could simply find a product similar from Germany and not have to bother with waiting times and extra admin. Even at this very moment we have shipments stuck in Germany for 2+ weeks, circa 2 years later after this final stupid decision of Brexit. Also the impact on our own internal admin has tripled resulting in extra staff costs also with extra customs forms and having to itemise everything on the "commercial invoice", which we also have to share detailed information on previously considered "confidential" before Brexit. What is great about that video, which other great documentaries also exposed, is that smart UK business owners have had to set up an office in the EU, taking tax revenues and money out of the UK. I would love any Brexiter to defend that logic, that for UK businesses to survive in Europe, they had to move most operations out of the UK. "Taking back control" IDIOTS...
exactly our experience in the gift industry. all the larger uk companies now have warehousing in europe to bypass the uk
Thank you for sharing your experience. Keep strong!
But export increased outside the EU before couldn't. The EU was in control,
@@west5828 can you tell us where do you got that data ? What is your source ? Where do you got your numbers and what EU law or regulation prevent EU countries exporting out of EU?
kzhead.info/sun/bJiEaMWpnaOFpYE/bejne.html&ab_channel=Relaxwithme
The best outcome to come from Brexit was the EU discovered that they didn't need the UK afterall. Having navigated two major crises, COVID19 and Ukraine War energy supply crunch, the EU looks very strong and united.
Really, change your news feeds
If you don't need Britain why are you all still crying about brexit?
@@wodens-hitman1552 Only people talking about Brexit are Brits, mate.
@@wodens-hitman1552 No one in the EU is crying about the Brexit anymore. I’m not going to lie: We were really sad/chocked when a big country as UK left us but it was their choice and we needed to accept it. Now UK is out and we don’t want to have them back anymore.Let’s just have trade agreements. Scotland is welcomed though...they wanted to stay. They should be free to come back!
@@wodens-hitman1552 As a French, I don't cry about brexit... It's a real joy to see the arrogant "Perfide Albion" going down, making our actual problems feels tiny when compared with yours.
Let Scotland free and let it join the EU! They voted NO.
It's so sad to see what the UK has become after brexit. My step mother's sister explained to me of how brexit has led to the food prices skyrocketing in the UK and she said that it will take much time for the situation to recover.
You should ask your step mothers sister to explain why food prices increased more in the EU than in the UK if it was the fault of Brexit for our rising costs
@@akulaa4853 it is actually not true. I am French and food here is far more expensive.
After the vote my wife and I decided it was time to move back to Ireland after 24 years of contributions of tax as a high wage earner. It was so obvious this was going to happen I am surprised that it’s only through the FT that this has honestly been discussed.
@PGH Engineer id have my money on the UK going back to the IMF before Ireland does.
Welcome home Paul. 💚🤍🧡
You're very welcome to leave. I think you barely had a motorway in your country until the EU came and paid for one using our money, so your loyalties are really no surprise.
Yes the FT is an unbiased source of information😂😂😂
@PGH Engineer What are you talking about the Debt-to-GDP ratio for Ireland 58.8% vs UK 85.4%. Ireland has €6 billion surplus vs UK £99.1 billion deficit
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. The same products are available within the E.U. without the added hassle. The result: I now spend tens of thousands of euros a year in the E.U. rather than the U.K. I know other companies are doing the same.
How was that personally for you? Did you need to get a visa to be allowed to stay in Germany?
You do great sir. We really want Briton to see the consequence of their ignorance
Awww - Didums
@@johnnyjrotten59 Yeah, diddums for those British suppliers who've had the bottom fall out of their business...
im not a nationalist, i dont care where anybody comes from besides my interest in languages and cultures. but i think what they did was bad timing right before inflation.
As a European unionist, I would like to thank the British who voted for Brexit. I am sorry for their sacrifice, but they did us a great service. One would say they have been secretly working for us
This is the best documentary I've watched about Brexit. It is not biased and is informative.
it is mind blowing to think ANYONE could possibly have not expected this exact result.
Not ANYONE? Non-Brexiters have warned of this disaster.
@@alembess9129 the point is they're questioning how Brexiters didn't see this coming
@@alembess9129 Anyone...not No one.
Right? I'm not an economist but why would you leave a system that gives you unrestricted trades and services with 27 other countries? The mind boggles!
Brexit opportunities are like the Emperor's new clothes: everyone pretends they exist, everyone knows they don't, but no one will dare tell the truth.
My heart bleeds. The delusion in this country is immeasurable.
There's plenty of airports. Feel free to leave if you haven't the balls
Not to mention the cupidity.
@@LonnieHalouska and the obsession with the Royals
@@wrestlinganime4life288 "Obsession" is the right word alright. Queen Elizabeth is a tough act to follow. Gave her whole life to her job with courage and dignity. Now that is being squandered by her family.
American delusions 🤝 British Delusions. 200+ years later and we are still just like father and son
They thought they'd have the EU benefits without adding anything to it, having their cake and eat it! But European diplomats and politicians were smarter than that...
Besides, Brits always negotiated everything in the EU then opted out (Schengen, euro currency...), and Europeans accepted at first, so Brits thought they'd just keep going... but not anymore!
We Europeans did make a Brexit deal with Britain however they still don't appreciate it, they still not happy...and just complain! I guess we must have leave them without any deal!
It is almost like experts told people this would happen and people ignored it due to blind hatred and isolationism.
Exactly British people destroyed their economy because of their racism and xenophobia
Its the classic, people want to hear what they like, not what they need to hear.
very few will outwardly admit this but a major driving factor behind brexit had less to do with economics and more about the belief that by 'taking control of their borders' (which they already had), they'll keep out the 'lesser' people with the 'wrong' skin colour.
*its almost like one man band companies believe they are in the right and can steer the country to a different destination than one which was voted through in the biggest referendum turnout in history*
Pathetic capitulation.
The rest of Europe has to thank the British people for being the sacrificial lamb to show them the trouble of leaving the union. 😊
Yes, the EU Davos technocrats gangsters don't want people thinking for themselves.
Yes. Thank you Britain.
@@botany500kojak The main issue with people who say statements like yours is that it assumes other people haven't thought about a problem too and just concluded that the conventional wisdom is correct.
@@Odin029 Most people are muppets with no inkling as to what Davos is, and think voting in corrupt gopher politicians every 5 years will change things in a rigged casino. Conventional wisdom indeed.
@@botany500kojak Believing in conspiracy theories or believing that the world is run by some ultra power cabal is comforting to some people. It means that the world we live in is controlled even if its by people we don't like. The alternative is that we just hurdling through space on a rock and that humans are more like cats than sheep. You can lock cats in one room, but you can't predict what they're going to do.
Why this documentry is not on mainstream TV is beyond me.
This is the mainstream TV now...
Buying anything from Britain is now a pain in the bum for Europeans.
I will never understand why the UK did this to itself.
It wasn't the UK. It was just one of the countries in the UK. England and the English are the prime culprits for this mess.
it didn't. Brexit was _done to_ the UK. kzhead.info/sun/e9htYN2qq2WMpZE/bejne.html tells you some of what's behind it but the big part you can find in all the documentaries around CambridgeAnalytica (which is owned by one of the biggest hedgefunds in the world)
Did citizens ever understand how country work ?
Mix of xenophobia, racism, greed and delusion. The EU tries to get rid of of financial loopholes and tax havens, London benifitted A LOT with Russian billionairs hiding their money in the UK, as you can see with them investing in the most expensive properties of the city. Many politicians and their "friends" from the financial world wanted to keep all of that and establish a so called "Singapur on the Thames" , where the UK would diverge from the EU policies with much less regulations and a lot of tax cuts for the rich (which they still tried with recent "mini budget"). So they campaigned with a lot of lies about "too many and insane rules from Brussels", that the UK had basically "no control over its borders" (even tho they could have closed it at any time), lots of "horror stories" about EU migrants taking advantage of the UK social systems and bleeding them dry etc etc etc
@@malakatan3235 DW has a great documentary about a fishing village that was horribly hit since leaving EU. None of the things promised ever came to fruition. Many reeducation courses that some fishermen took advantage of, came out of EU budget that had disappeared once England left EU.
The crux of the problem: no penalty for those who spread outright lies.
Worse: they got rewarded.
And Boris is probably coming back as PM. How sad that you need liars like him to lead the country.
So, those who said the Uk would immediatly collapse the day the vote leave won ?
... brexiters got help from putin & his trolls , no secred there .
My thinking was similar: what can we learn from this moving forward? Clearly one lesson is that we must upgrade our monkey brains to not keep falling for manipulative one liners and learn to see through emotion and nationalism. Learn to listen to boring people telling realistic and balanced stories rather than being flashed by the strongest monkey who fought its way to the top of the tribe.
I was studying international relations at this time and I remember that no one I knew thought Brexit would happen because it was clear that it would go wrong
As a U.S. citizens I can't really grasp the full effect of this decision.
This video is the best summary of the Brexit ‘benefits’ so far. Anyone saying you can’t separate the effects of Brexit from the pandemic/war etc. needs to watch this.
Naah there is too much of the same British exceptionalism that lead to Brexit in the first place. They said "remainers attribute everything to Brexit" as a EQUAL counterpoint to denying the effects of Brexit. It's really pandering to reality by the same people that pushed those lies. Exactly like the odd articles in the Daily Fail pointing problems with Brexit..
Right on ... rational analysis of the Brexit issue.
Why because this video blames everything on brexit 🤣 no one cared about brexit until fuel prices went up now everyone blaming it
They won't believe it, unfortunately.
SAY no to EUSSR.
I'm Australian, but I was horrified how I needed to remind friends from the UK that brexit was the most backwards thing ever. It's easy to see how the Scots would feel cheated. England will be a lonely island on the British Isles before too long
"I'm Australian, but I was horrified how I needed to remind friends from the UK that brexit was the most backwards thing ever." Do you always feel the need to tell friends that self determination is "the most backwards thing ever" and are you always "horrified" that you "needed to do it? Do you believe that 1st Jan 1901, Australia gaining sovereignty from the UK was a "backward thing" or is it only the UK regaining its sovereignty from the EU that's backward? " It's easy to see how the Scots would feel cheated." This may interest you. If every Scot who voted leave, had instead decided to vote to remain, then the UK would have remained in the EU. "England will be a lonely island on the British Isles before too long" Strange. We left the EU not planet earth or even Europe for that matter. Do you believe that all the European countries that aren't in the EU are "lonely" places? Incidentally the UK is still a member of NATO, the UN (with a permanent seat at the security council), the Commonwealth (which consists of around a third of the worlds population and who's ceremonial leader is King Charles), Five Eyes (which is an intelligence alliance), WTO (World Trade Organization) , G7 etc.etc.etc It also looks like the UK are about to join CPTPP as well :)
@@iberian5319 I think @carringbushpet meant that the UK would be relatively geopolitically lonely and isolated. Not that it would be literally isolated. Also the countries in Europe that are not part of the EU or eea are Russia, Belarus, turkey etc. Which one.of those would the UK like to emulate?
I'm hoping that Scotland and Wales will be able to gain independence from England and join the EU as independent nations.
@Simon Then may it happen soon. I'll be celebrating with my Scottish and Welsh relatives when it does. The EU has already stated that it will accept them as member nations, so it's a win-win as I see it.
@@akulaa4853 You understand that independence is a desire when you don't have the power to vote?
Excellent summary. At last, many people have woken-up to the reality of Brexit. Now we 'just' need a political party with the courage to help fix it.
I am still flabbergasted that a country can make such a wrong decision 🙃
And the craziest part, to me, is that NOBODY in EU wanted UK to leave. This has to be the biggest economic Harakiri of all time.
Yes, cause we, as Europeans, should be working together as friends and not against each other. But the UK betrayed Europe.
We were the second largest contributor that is the main reason most didn't want us to leave no other reason and we are still paying into the EU's coffers!!
@@rast Howso?
@@rast "the UK betrayed Europe" seriously? 😂😂😂
Well, at least Brexit had the positive side effect of demonstrating why leaving the EU is a terrible idea therefore dissuading others from doing the same. In the long run that will increase stability of the EU since the terrible side effects of leaving can be viewed in real time.
I can 100% confirm. I was buying so many products from Britain, after Brexit I tried to continue. It was such a horrible experience, that now I always make detailed research to make 100 % sure that the product is not shipped from Britain.
i do the same- but from Europe.
Same,
Same here: I have not been able to buy anything from the UK since the agreements came to an end. All that money no longer goes to the UK. The UK lost.
I do the same, except i won't buy anything from BMW anymore. Ford all the way. :)
@@timbobill7279 Of course it did.... Remember that pesky pandemic? Who begged who for the vcaccine?
Britain isolate themself
Who would have anticipated that! I m shocked!
I'm so annoyed to hear small business owners saying "We thought it would be fine". They were told, time and again, that it would not be fine that they would need to open businesses in EU to continue. As a brit in Germany it cost me 2 years of worry and several rounds of paperwork to stay. I even had the horrible experience of a manager telling me I would not be able to work for the company after a certain date, that was only a month away. Luckily, I knew my rights and had already sorted my paperwork for residence. However, I felt betrayed by the UK to the point that I will never return except to get my pension.
It's actually harder to move operations abroad for small businesses of a certain size. Sometimes it might entail relocating living arrangements for the business owner themselves. That is not easy by any means. I think the government themselves should have been clearer about the type of deal they were striking and its implications. They left it until the last minute. It was all handled chaotically.
But the UK, well, mainly England, has the worst media in the worst media in the Western world and for some reason you guys think the BBC is good? Sure, the BBC might be good compared to the Daily Mail, Telegraph and Murdoch media. But the UK is going to be continuously dragged down by the idiots in England who keep voting Tory because they're brainwash by the awful English media.
They weren't thinking. They were 'feeling' some rather ugly things like nationalism and xenophobia.
@Steve Harrison So Brexit has been a blessing for your company and family, it seems? Lucky you. Sometimes I wonder if everyone should just stay wherever their folks are from and not bother with the mither and indignity of venturing out.
how did the uk betray you? Si=ounds to me like it was the Germans sticking the boot in. They didnt have to, some EU countries just let UK citizens carry o as before. And I can assure you from personal experience that you have no need to return to UK to get your pension. The DWP for that works like a dream. you can do everything in a 5 minute phone call
How can anyone expect economic growth from a society that identifies Boris Johnson as the smartest member and fit to lead a country.
You forget we replaced him with the genius that is Liz Truss....
all politicians are crooks and only recently 4 european parliamentary officials were charged over qatar bribery issues(bribing eu officials) again blow out your emotional candle and fix in on some facts..................park that emotion.
@@archvaldor at least she is not a quiter... oh
Oh Liz was the best. When i realised shes going into office i got me popcorn and sat back watching the circus catching fire. Shame it burnt down so quickly, still had half a bucket left by the time she was gone.
Oh Liz was the best. When i realised shes going into office i got me popcorn and sat back watching the circus catching fire. Shame it burnt down so quickly, still had half a bucket left by the time she was gone.
How I love to see consequences for stupid actions. Pure comedy, LOL.
all because they did not want more "foreigners" coming into the UK - that's really what it boils down to
This vote happened when I was 15. We need to reverse this decision as my age group are the biggest supporters of the EU. Yet, we were robbed of the ability to decide. 🇪🇺
You were robbed by a load of people who enjoyed the rights and freedoms that came with EU membership their entire lives and yet decided you shouldn't. I'm 50 with a young child and I'm happy to despise them for you. I'm not going to call them Baby Boomers, it was generation take, take, take and give nothing back.
Apologies but your generation is screwed.
You are right. You should fight to come into EU. EU is not perfect but England on its own will sink with your generation on board. Hello from Paris. So sorry it is so complicated to go back to GB where I got married.
Haha! Lol! So 15 year olds should be allowed to vote? Hahaha!
I don't think EU will accept you back, UK is a country, not an 8 years old kid who changes his mind every 5 minutes
Excellent video. I really get bored with those people who voted for Brexit and who now regret it and say "we weren't told". The fact is, they were told, they just chose not to listen. They don't have any of my sympathy. What Brexiteers have done to the opportunities for a whole generation of young people is unforgiveable. It's like shooting someone in the kneecaps and then saying, "I'm sorry you won't be able to run marathons like I did" and expecting to be forgiven.
Exactly!!!!
*Thank you* I also want to point out that it doesn't take an economics degree to figure out that Brexit was complete moronic at conception.
Sorry...but historically that is always what is done. (The shooting in the kneecaps of the next generation). If Person A makes ALOT of money they normally transition into a position of power then create beauracracy to make the route they got to wealth harder for Person B-Z to copy so they can continue making money from it in a monopoly format. In the brexit example it is the same but completely reversed. Saxon Trusts vs Clamping down on tax havens. That's why we left. The rich were having a way they keep rich deconstructed. Couldn't have that. All the rest is just guff to distract. Most wealth is inherited; they dont need your small business to succeed nor do they need the country to prosper; these are now global instruments. The impact on the poor within a nations borders has 0 impact on the decision making of wealthy globalist interests. I mean we have a King; wake up(how many kneecaps you reckon that took?). On a long enough time line we praise wealth to a God like level and forget where it all came from and how many people were trampled on or kneecapped to get it.
We'll get the same words - from climate naives, look-awayers & deniers, in a lot shorter time than even those in the know realize. _noone told us it would get this bad - before 2040_
I am in my 70s and I don't know anybody in my generation, apart from myself, who voted to remain. Almost all of those who voted to leave had no idea what The E.E.C was and, so, believed it was responsible for interfering with the shape of our vegetables and interfering with our government's policies via the the European Court of Human rights (you couldn't make it up). However, we Remainers shouldn't be so smug. We totally failed to make the public understand what they were voting for in the referendum and failed to address their xenophobia and racism. Ironically, it now appears the brexiteers now have to disappoint those who voted to leave by dealing with the labour shortages with foreigners. I am ashamed of my generation; we voted to leave when most of us had less than 10 years left, to tolerate listening to alien languages in public transport. Our grandchildren have to live for decades in an economy worse than India. Fortunately, they won't be so offended by foreign accents.
UK was in misconception that he is the main part of EU economy. Now enjoy the consequences..
As an outsider I watched from the times Farage was insulting all the members of EU parliament and its leaders and dreaming UK will have the same advantages of Norway. When you want to obtain advantages from someone, the first thing you do is to avoid insulting them.
This should be mandatory viewing everywhere in the UK!!
Another simp for the mouthpiece of corporate leeches and megabanks at FT. Its actually tragic lmao
But sovereignty and a blue passport
@@mh8748 yes. Sovereignty. Its important. Dunno why you're so obsessed with colours of passports though. That's properly unhinged.
@@tooshlong sarcasm, my friend
@@mh8748 aimed at what. A parody of the nutters who are obsessed with Belgium for some reason?
I have a small business in Portugal and before Brexit we regularly bought from UK suppliers. We knew it would be more complicated to keep purchasing from them, but thought it could be possible. But after looking into the paperwork, timeline and COST, it's a terrible investment. Have completely cut ties with those suppliers.
If you allow the question - which suppliers have replaced them for you? What are your experiences?
Your new supplier was always there in the past. You must have cut the quality or increased the cost to end up with better product. Good luck with that.
@@midjehunt7424 How do people not understand competitiveness? Generally most suppliers keep their prices competitive, meaning the difference in price is not massive. And who you bought from had a lot to do with things outside of price, like trust, reputation, experience and the like. But suddenly post-brexit the most fundamental aspect of competitiveness is gone, British suppliers are simply that much more expensive than anyone else within the EU, so businesses naturally have to move on and invest in building new relationships with other domestic players. Would they prefer to keep existing relationships, absolutely, but not at the cost of their bottom line. It doesn't actually affect the quality of the end product or the price as much. We are after all talking about other EU manufacturers, not China. The UK is not that much better at anything than its EU alternatives.
So your small business got smaller or it is now a blue chip company since you stopped trading with the UK?
Good luck 🍀 🇵🇹
The only upside of brexit was learning a lot about the people who voted for it. Some have seen the error and I avoid those who havent.
How can you be a businessman/-woman and not even understand what Brexit would do to your business. That´s like buying a wooden house and telling the neighbor he can set it on fire cause nothing´s gonna happen.
First step in fixing a problem is recognising you have a problem; we're not quite there yet here in the UK
very very true
As usual with us, it will be too late. Then have to go back, cap in hand, to have a slightly worse deal than before, just to teach us a bit more of a lesson.
🎯
@@stevehart1395 Significantly worse, because we really had a *very* cushdy deal. They currently have no interest in readmitting us obviously, but even if they did, we don't have a written constitution so we wouldn't even be eligible!
The UK will need to go through more serious economic decline and right wing Tory policies, and for people to suffer - until they come to see that they’ve lost a good thing. I’m afraid it’s the most vulnerable people and the working families that will suffer the most in this process, which is the biggest shame.
Thank you Britons...Many French people contemplated Frexit but your experience has scared them away. Today Frexit is only mentioned by a small fringe of political commentators, while it was becoming more and more mainstream prior to Brexit. If anything, I believe Brexit has made the EU maybe not stronger, nor perfect (far from it), but many anti-EU persons have completely changed their minds.
Same in Italy...Now only 2% of foolish stupids speak about Italexit
I have a French friend who congratulated me when the UK voted for Brexit, I will be meeting him again later this year and updating him on the reality of Brexit.
Time to Macron to kneel in front of Italy's Giorgia Meloni. ✌🏻 How do you French people feel when Germany prefer Israeli and American weapons to defend itself, than French weapons?! Very un-European to not buy from neighbor countries, right?! 🙅🏻 As it's very unfriendly try to occupy Italian territories like happened in 2015/2016 or send French Police on Italian territory, that's illegal. You French think you can control European Union or are the boss, but you clearly aren't and you and Macron will understand it.
Prior to 2015 the only people that mentioned Brexit here in the UK were also a small fringe of political commentators and a few Tory backbenchers. It was turned into a huge thing by Tory infighting. Literally just Tory infighting. And forward to 2022 we are *still* having to put up with Tory infighting destroying this country. All the while, the Brexit effect looms ever larger.
@@valerioborghese2916 🤣🤣🤣🤣really?
My father works in a wholesale company. He said that they hardly sell any British products any more because the time and cost involved in importing them is simply too great. Above all, importing smaller quantities is no longer worthwhile at all. That's why they looked for and found EU manufacturers for all British producers.
My dad works as a salesperson working from the Netherlands. Just recently he had a phonecall from a british distributor crying on the phone. His family company that was open for over a hundred years went bankrupt. I honestly thought it was all a bit funny, brexit and these truss "trickle down" plans, but than you hear a story like that and realise how harsh some people are hit by all that, and its just really gut wrenching.
It's really terrible. I don't particularly blame Truss, she's too dim to really comprehend what she was up to. Possibly she even believed it. But people like Boris, well, he's smart enough to know what a colossal mistake Brexit was but he just saw it as his ticket to #10 Downing St. What a pathetic cynical man. I'm sorry for your dad's friend, and all the others hit by a catastrophe not of their own making.
Why? You don't know what he voted for. Business comes and leaves. Just because your grandfather created some business doesnt mean you will still profit from it. You can and will be replaced by a better businessman. There wasn't any EU 100y ago. How did his grandfather made the business then, huh?
@@patrik3482 the business model most likely completely changed tf it’s been 100 years afterall😂😂
Saddest part is many who voted for this nonsense have died of and never really had to worry about the consequences. Should not have the geriatrics of the country dictate the future.
@@brokenrecord3095 truss was the useful idiot for the hedge fund managers and bankers who bet on the pound tanking after her announcements.
It's mindblowing that people believed they would keep all the advantages of being in the EU without a membership. It's not like people weren't excessively warned about what would happen.
We didn't believe that you flaming maroon.
except if yiur switzeerlans
@@shhwinner6663 Switzerland follows EU rules, as does Norway.
We knew yet the majority still voted leave. That tells you how unhappy the majority were.
@niels lund Where is your proof? You are making things up. Show me your evidence.
Why all the politicians that lie still free, why is nobody held accountable for this mess?
When UK was in EU, i bought things in UK. I live in Denmark.... now thats over.
This is an excellent program. It makes the silence of the BBC all the more embarrassing
BBC is a conservative media outlet for the elites.
Well the Tories have scared the crap out of the BBC, so they'll not say anything
Totally agree!
BBC should make a Panorama on this. Or Channel 4, before government silences it.
Could not agree more.
Most of this stuff was raised pre-referendum, but was dismissed as “Project Fear”.
Retitled Project I Told You So
if u shout "No REGS!" loud enough people kinda just figure reality will sod off. unfortunately lizzies "Growth, growth, growth" doesnt work like it did in oz...
@@NoMuse13 "Project future", and get used to it.
that's why i voted remain.
And Project Fail moved forward.
You were warn d by many new sympathy for the UK Congratulations Ireland👊🏽
This is what the brightest minds of Conservatives have brought to Britain. Well done. And people say Tony Blair was bad. During his term life got better for most Brits. Now it's the opposite.
Yeah Blair killed our servicemen and women in a false war, cut all the red tape on legal EU migrations that saw a decade of immigration of over 300,000 + per year, this consequently meant our services simply could not expand fast enough, our school education levels suffered, housing suffered and the same benefits had to go further reducing the help, not to forget also the impact 3million plus had on our NHS - remember been able to walk in a doctors surgery and getting a same day appointment, remember how it changed through 13 yrs of Labour, remember how Labour brought privatisation into the NHS, remember Labour introduction of Student Loans, remember how Labour threw bad money after bad money at badly run services and ran out, remember how Brown sold off our Gold to prop up a foreign bank and also did a full raid on everyone's pensions effectively wiping a 3rd of their values - seems some people have a short memory.
Ye I’m sure the dead children in Iraq are very grateful of him 😒
@Protista protista Brexit a Russian funded project lol, and you evidence for this? In fact Russia most likely was against the UK leaving, it was relying on the unity of net zero and push for green energies driven by the EU on its members so the EU members became more reliant on Russia gas and oil, Brexit actually delayed Russia goal and may have ultimately delayed its war on Ukraine as Germany got nervous about the loss of the UK and its financers and put the brakes on the 2nd pipeline coming into service.
Helped make the world more dangerous 🤣 more like
Clearly, nations should closely examine all drastic changes proposed by politicians.
I'm not from the UK and I'm sad to say it but *we all* saw this coming. The Leave movement achieved one of the most incredible snow jobs on the British voters in modern history.
I've beenfitted from the labour shortage, please tell me what I got wrong?
He who laughs last, laughs the loudest. With that Orban bloke and that Italian lady….you’re going to need all the luck in the world
@@JwayT what you’ve got wrong is that while you personally may have benefited from Brexit, the country as a whole has suffered economically. Which means that you as well are suffering economically, it’s just not as evident because your own personal employment situation improved. I feel like you either didn’t watch the entire video or didn’t absorb what was being said, it was made quite clear by the people being interviewed. I guess the other possibility is that you simply are choosing to believe that Brexit has been nothing but a success because it suits your predisposed ideas or you voted to leave and don’t want to believe that you made a bad choice. Truth is a bunch of public school raised snotheads like Farage, Johnson, Rees-Mogg, May etc. sold people a fake future that suggested that Britons would no longer have to follow Euro-weenie rules. It was always an appeal to emotion but of course that’s what usually wins elections and public campaigns in general. I personally know 5 young people (ie under 30) who have come to Canada for better job prospects since Brexit, so as a Canadian I thank you for voting to leave because it has helped Canada. Britain no longer have easy and direct access to a large pool of less-skilled labour and now also have to contend with the loss of a number of skilled and educated workers who liked the freedom to travel or work across the entire EU - congratulations.
@@sjsomething4936@ Scott Jefferd I want to add that the EU was not only providing a pool of less skilled workers for the UK but also highly skilled ones along with important pre-products. As one of the countries with the highest purchasing power within the EU, all these resources naturally gravitated toward Britain. The Brain Drain from Eastern European countries e.g. is a real deal. Anyways, greetings to Canada from Germany
the very same people who advocated for brexit saw it coming.