On Monday, October 24, 2022 at 8:25:49 PM UTC+8, ltlee1 wrote:
https://www.youtube.com/watch?v=wO2lWmgEK1Y
"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'.
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"
Conclusion:
Brexit makes some British feel good. It is not a car crash. But it is making the UK economy smaller.
UK wants to market share the big EU pie of 450 million people. Their joining is also to want a say of Western Europe. They served as spy and influencer for US by demanding, interjecting and opposing issues in European parliament. In economy, they felt
return in the share of the pie is not great when in return of money earned from EU had to payback tax to EU, too.
They found EU policy on cross immigration to work and reside in UK between UK and EU is huge. They found cross-employment policy of EU had vanished their local companies and businesses. They found EU people entered UK job market in and out freely had
replaced their locals from permanent jobs. Their locals became jobless and unemployed.
Needless to say, UK wanted to brexit but still wanted easy transport access and tariff free access to markets in EU club. But it failed eventually from long negotiations and tiresome debates resulted in prolonged Brexit delays. UK is back to square one.
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