Bank of England heads outline how Brexit destroyed the British economy
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- Опубліковано 15 лис 2022
- Not news but Brexit absolutely decimated the lives and institutions of Britain, as senior figures in the Bank of England outline in the Treasury Committee.
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But apart from the loss of £trillions, prestige, standards, morals, human rights and trading relations. While polarising the nation, risking the Union & GFA, breaking international law and leaving a sizeable debt for our great-grandchildren and crashing our economy...
What has Brexit ever done for us?
Happy fish?
The aqueduct(of untreated sewage going straight to the sea)
Bankers bonus cap has been removed , thankgod , and soon Employers will be able to stop paying holiday and sick pay
Showed all the World Leaders just how Undemocratic and Unreasonable People the DUP/Orange Order really are.
Splitter!
Who would have thought that cutting yourself off from the world's largest trading bloc, that's 26 miles from your border, and in which you were deeply integrated would have a negative economic impact? Astounding.
I know right! Who would have thought pulling ourselves out of a market worth 17.9 trillion to an internal market of 2.9 trillion would be detrimental to the wealth of the nation.
Mind blown...
Exactly were a tiny island with a large ego. USA might be able to pull it off by themselves, but our economy was built on imports and exports.
actully 1 inch away from your border but u guys keep on forgettng that
Ruppert, may be ??
If only it was just a trading block, shame about all the other rubbish.
All because 52 year old Gary from Luton wanted his “country back”
🤣
He certainly got high food prices, fuel/heating problems, a country in economic decline and higher taxes. Like being back in the 70s.
Probably a UKIP supporter too.
Bloody foreigners come here looking after our old people, driving our trucks, picking our fruit and veg, cleaning our hospitals. At least Farage got rid of them.
LOL
I'm an American that pays little attention to British politics but I could see this coming a mile away.
Britain is far better off being part of a greater whole than an individual left to their own limited resources.
Britain's are used to being the sole arbiter not just a team player and that hurts their pride, but the Empire no longer exists.
so the USA is open to taking in unlimited immigrants to the USA from all the countries it trades with?
no visa required, just a plane or boat ticket, with family in tow, and can from day 1 go onto the USA job market, get USA welfare and social housing?
Sounds good doesn't it?
a great idea that one.
- that's what being in the EU is for the UK
post back if you can win a presidential election on that policy.
@@jonsimmons4150 We do it with our 50 states and Europe can and should do it with its member states, as far as other countries, we have borders too. But England has opted to face the world as a loner with no empire and now no partners. Why would anyone buy from England when they can get twice as much for half the price from Europe and what does England have that no one else can provide. Good luck to you little old England.
You miss the point, in America individual states do actually run themselves, in the e.u. it is a dictatorship, where no countries can do as it pleases, the e.u. have only ever wanted money from the U.K. do you know that the U.K. actually paid for at least eight other countries in the E.U.? Germany n France in particularly blocked any suggestions from the U.K. they hate the fact, if it was not for the U.K. they would be under Nazis Germany rule, small businesses that only sell within the U.K. still have to abide by e.u. paperwork rules, the ordinary people of the U.K. were totally ignored, you do know the U.K. is doing better than both Germany n France, there inflation is worse than ours, n since we left we actually sell more to the e.u. countries than we did when members, all this crap with brexit is because wef,nwo, even the un, because they are part of the supposed great reset, why do you think Trump was stopped from getting re elected, he too is against this nwo shit.
Yes…savvy Americans can look to this reactionary experiment and reassess their obsession with threatening succession and weakening the union.
@@bigdaddyrat7854 It's the United Kingdom, not England.
They Thought it would stop Immigration 😂😂😂
Strange use of past tense, almost like you're daft enough to sum up Brexit after a couple of years.
@Mark Perrin sounds like you're daft enough to believe in people who keep moving the goal posts.
"No one's talking about leaving the common market!".....
"We're still going stay in the customs union".....
"We will get rid of all the red tape"...
"Brexit will allow us strike great trade deals with the world"....
"Brexit will be an immediate boost to the UK"....
"Oh there might be a few years of teething problems"....
What one are you believing now,
"Brexit will pay off in 10 years"??
I think it was Mark Twain who said It is easier to con a man, than convince him he has been conned.
🤣🤣🤣
@@markperrin8098 what's going to happen magically in a few more years? Is the trade deal that we signed with Australia suddenly going to improve for no reason whatsoever? 🤡🤣
That's it. Nigel blamed immigrants, specifically the Poles who disappeared in their droves. Now there's nobody to blame but those who should have even blamed right from the start. The problems lie with our politicians, always has been.
The irony of all this is that the poorest part of the population which is mostly effected by Brexit voted for Brexit 🤣🤣 .
Made their beds, now time to lie in them
Have you ever wondered who pushed the idea on to us? We didn't just say hey let's leave Europe the media pushed it on us
@@gringadoor5385 Don't want to sound heartless but I feel no compaction when I see people complaining in deprived areas.
That's not true at all ?? Even if it was why is it funny ? Pompous Prick.
I don't think it's correct to blame the poorest who are struggling very hard and a great amount didn't vote for this, I don't know anyone in positions similar to me that did.
The problem is the media, the Daily Mail, The Sun who got busy brainwashing people into it for their own gains.
Why should I lie in the bed of food banks??
The nationalism was so strong around Brexit that its literally taken us years to start to come to terms with this patently obvious consequence. Serves us right.
There nothing wrong with nationalism, as our excellent Brexit decision proved.
@@markperrin8098 You didn't even listen to the facts mentioned in the video. Wake up lad.
@@antonyeastham4564 The Bank of England dosn't deal in facts, they deal in inflation and public perception.
@@markperrin8098 hey dummy, the Bank of England know what the country's financial state is currently in from international influences and trade, how strong the pound is and our debt and borrowing. They deal in facts, obviously not feelings. Maybe you do.
I think it's more than just nationalism, it's exceptionalism. The UK thinks it's still a superpower - Brexit might have actually made sense if it was. By now though we can all see how hollow "they need us more than we need them" was...
Brexiteers when being told the grim facts: "la la la la la la sovereignty foreigners project fear"
bLuE pAsSpOrTs
Brexit was all about kicking out foreigners
@@stannats2637 not ALL about kicking out foreigners; it was also about creating volatility on the currency and stock markets so that the friends, families, donors and shell companies associated with key Brexiteers could trade the inevitable decline of the Pound and make a fortune!
There is one thing we now know. Education needs to be of a higher standard in the uk!!! If u can convince so many sheeple to walk off a cliff something is wrong
The people voting for brexit were the ones the e.u. n our governments were ignoring, why for instance should we pay for half a dozen other countries ahead of the people of this country? our trade was going one way n that was down year on year, so how does that benefit the U.K. since brexit our trade has gone up, but let's ignore facts that do not suit the remain lobby.
@@geoffnichols3831 you should probably go find some facts rather than regurgitating the propaganda sources who have caused the problem in the first place
Education is okay at the moment, but as soon as ideology creeps in then that will change very quickly. The thing that schools should be doing is encouraging people to get into a trade like building or electrics, thats where the most opportunities are for a half decent wage at the end of the day. University degrees certainly aren't helping, you can graduate and end up behind a till as I have despite putting a great amount of effort into studying for my degree. I really wish I'd have gone and done an engineering course or plumbing, I'd have had a decent job by now and made so much more money and maybe even be able to afford my own place.
@@geoffnichols3831 🤦♂
Information about the EU should have been a class in schools at every level. Civics or History or Economics or all three.
Have they finally noticed the water creeping over the carpet in first class?
Poignant
Nope. Maybe it won't happen(for them).
Nah. I wonder if they'll notice the raw sewage floating atop it?
👌👍
@@daveroche6522 Half of that will have come from their mouths...
For too long, analyzing the effects of Brexit has been like a load of detectives examining a corpse with a stab wound with a bloody knife next to it and saying "we're not allowed to even contemplate that the murder weapon is the knife."
Yeah, we live in France yeah the evil EU, and we were hit next day after the so called 'Advisory Referendum' the £ collapsed over night, meaning any money transferred eg. Pensions etc. were instantly effected, I stopped counting the loss value of my state pension after it reached 10,000 Euros and that was 3 years ago, in average my pension loss has been £1500 each year since Brexit, now if you said to the fools that voted for this, sorry but we can't pay you your normal. amount from now on, they would have burned down the House of Commons! But as Remainders we are expected to put up and shut up! Yes we are very very angry!
Cringe.😬
Hilarious analogy, quite capturing the true brexit picture
Nonsense from the Bank of England as usual. The problem is them, not someone or something else. Years of zero interest rate have done the huge damage.
@@Exanto777 It's hilarious, anyone who trusts these clowns is obviously clueless.
the funny thing is that UK already had the best conditions of all member states and would have even got more if requested but...
Cameron did request it and got short shrift, which is the reason he announced the referendum.
I'm British and I'm glad I no longer live in the UK.
So are we.
Me too happy in colombia
@@moonraker124 Where did you end up lad?
On behalf of the UK I can honestly say we are glad you fxxked off too.
Good riddance to foreign scroungers
We put sanctions on other countries but chose to put sanctions on ourselves. It's just nuts.
Controlled decline
Blox!
169 countries in the world not in the EU!
169 vs 27 and most are piffling tinpot eu
@@jonsimmons4150 what is your point? Most countries in the world aren't part of the UK. Might as well break up the UK then...
@@jonsimmons4150 Why is it you people use this weird language that makes you sound sub-literate? You sound like hoodies speaking in that derivation of Jamaican Patois they tend to use.
@@jonsimmons4150 It’s about the UK’s biggest trading partner, which was the EU. As a trading bloc, the EU are the most important to UK trade than the vast majority of the 169 others. The EU should be the easiest partner trade with, politically, geographically and culturally, there will never be such a trading opportunity that fits so well with the UK as the EU. It just requires some sensible thought without all the Brexit rhetoric clouding judgment.
Amazingly while it took the brains of Britain 5 to 6 years to arrive at how damaging brexit is- a class of 11 year girls in Dublin did it in several seconds when asked this question
"Would you vote to stop attending 27 hypermarkets so you could just shop at the local corner shop?"
The answer was a resounding 100 % NO and certainly not 52 v 48 %
The wisdom of children
Kids are simplistic and politically they are stupid.
It's the same reason the older you get the more likely you were to vote for Brexit.
More like the stupidity of asking loaded questions.
The BoE ALWAYS said that it would be economically damaging. It was the Tory government who refused to release BREXIT impact reports... To this day they are still looking for a Brexit benefit to sing about... Rees-mogg tried and failed.
Apparently some people didn't vote brexit because of the economy though...
The reasons stated are usually lies or based on lies... or bullshit, or based on Bullshit
*Did they state that "would you like to have 40% less pocket money for the same chores, and have to pay rent on your bedroom bcos everyone could come and live in the house, and they cut grass for less, and they need somewhere to stay?"*
*but you could still get on a bus with no passport and go shopping overseas if you wanted- or could afford it*
*-Did they ask that question aswell?*
;-)
@@jonsimmons4150 no they didn't ask that because those are Brexit lies. They knew it was pointless to ask them the made-up stuff from the Brexit campaign. 40% less pocket money, my arse. The economy and their pocket money is now worth less because of Brexit. Brexit made things much, much worse and damaged the economy.
I'm so angry, I saw it coming, Cameron didn't expect it to happen, Boris lied and finished us off!!!
Boris's contribution was very unhelpful but so was Corbyn's silence
You voted, you suffer the consequences.
Anyone seen Farage for comment, or is he too busy standing on a beach shouting at people?
Nigel Farage is busy promoting financial services.
pratt
@@garyholland4696 True, Farage is a total and utter prat.
@@faithpearlgenied-a5517 Nigel Farage is also busy promoting his own brand gin
Comes in three flavours Red White & Blue
Honestly
I'm not making this up
Nigel doesn't engage in fake news mate
It's so sad to see what a bunch of privileged politicians has done to the UK.
Moronic voters you mean. Its a democracy, we take responsibility in Democracies.
Also the majority of the populace who are all xenophobic trash.
55% of people voted for it. That’s fucking worrying.
Not just privileged politician's, Corbyn and the labour party didn't put any fight against it happening
@@IR._
No, what’s “worrying” is that the U.K. was dragged into the EC then EU via the Maastricht, Amsterdam and Lisbon treaties without referenda being held! 😡
I'm not a particularly clever person but i knew the UK cut adrift from Europe and at the mercy of a Tory government would be a nightmare.
That's smarter than at least half the population.
Interesting, Steve Davies.
Dear Steve, here you have described the essence of “SOVEREIGNTY” better than anyone could so far 😂
Maybe it's the tory governments that remoaners keeping voting in that is the real problem?
I saw the EU as a layer of protection FROM the conservatives and their ideologies, and those ideologies have now been turbocharged and smeared in nationalism. OH, JOY
My daughter had a thriving online retail outlet for eight years. As a result of Brexit her revenue stream has been cut by 75% and she is now planning to hibernate her business in the hope that things may improve. In my opinion Brexit has been absolutely disastrous not only in economic terms but also in social and community effects.
I know someone who had to buy their supplies abroad costing nearly 400% more than the EU supplier they used to purchase from & its the same all over the country products from the UK imported by former partners in the EU are being sourced in places like Greece Turkey & the Middle East etc
Thank you so much Farage & Widdecombe you have probably cost the UK £trillions in future profitability for small medium & large business time for you 2 to rejoin the Tories again to get a 3rd Taxpayer funded pension!!
We are in the same situation!! 😢
Oh well our wages were smashed by 20 years of free movement of labour. So she'll just have to get used to what we got used to
Even a beaver understands that barriers slow things down, how can so many simpletons among the human population think otherwise
Couldn't of said it better myself
A typical Brexit voter reply ‘because of those god darn refugees on their god darn dinghy boats living it up in 5 star restaurants on my tax even though I’m a bum and never worked a day in my life’
😂
Government creates barriers, trade agreements are just smoothing of barriers they created, how so many simpletons don't understand that in this day and age is not surprising at all.
See this was the problem. Instead of name calling remain should have listed the benefits. But they couldn’t be bothered so they resorted to name calling. And it still continues
Why I never talked about Brexit for a long time is because, UK has the state of the art tech and universities with highest honor in the world. Thought they would realize the utter stupidity of what will happen to the economy if Brexit happen. Guess I was wrong.
They did but the idiots outnumber them.
The fact that bright and brilliant international students were being put in limbo or kicked out of the country only heighten the fact that the Brits were destroying their innovation which threatens their economy.
Yes, we have millions of ignorant morons here just like every other country. That's why we should never have been given the referendum - people are stupid.
Intelligent people stayed at home, idiots voted for brexit.
Nope your not wrong, they just happen to be more people that did t go to university that voted to leave
This is why the Leave Campaigns told us not to listen to Experts. They show the errors of BRexit.
There are two main types of Brexiters. Ones who genuinely didn't understand enough about international trade and economics to realise what damage it would do. Others who knew full well but kept quiet because they wanted Brexit for ideological reasons or for some shady personal gain. In other words, the ignorant or the dishonest. The thing is that in order to get into the cabinet or just get on in government you HAD to be a committed Brexiter. This is why we are now run by the ignorant and the dishonest.
The first group would include Roger Bootle, Head of Capital Economics, Nigel Lawson, former Chancellor and Mervyn King, former Governor of the BoE. If they didn't understand, how would the average person?
Well said Bob...well said! 👏👏👏
Racism played a big part
Bob: Sums it up pretty nicely
Like Jacob or Boris
dont forget this man was brought in because the previous one said brexit would cost a fortune.
Remaining in EU won't help UK either. The only country that would benefit is Germany. How your country is still going is a miracle with foreign debt, 300 percent of your GDP. Any other country woul have collapsed.
Nearly 70 percent of the GDP
“I told you so”. - Mark Carney
@@hridayvlogs1232 economics is not a zero sum game. 300 percent gdp:debt is a made up number
@@hridayvlogs1232
This is nothing but embarrassing xenophobia and the belief that Germany benefits the most is also a fairy tale. Countries like Poland benefit far more from the EU than Germany. You shouldn't believe the British tabloids and their hatred of Germany.
the uk has been utterly devastated by brexit; all this was, long ago, foreseeable to anyone who can add or subtract. but the tory racists convinced those who they had penalised [under austerity 1] for the previous 6 years and who were already pissed off [at austerity 1] that they swallowed the idea that it was the eu's and foreigners' faults.
"the uk has been utterly devastated by brexit" - gross exaggeration.
@@jamessmith1652 Which word would you use instead of “utterly”?? Comprehensively? Severely? Somewhat? Kind of? Or another of your choosing..
@@jamessmith1652 Look up what the Bank of England had to say about the UK economy and Brexit.
It's actually quite rare these days to see some people who knew what they're talking about around the table talking in a fair and balanced way about some crucial issue. I think I need to go and lie down.
Brexit - very grim indeed. Comprehensively bad news.
So-called ‘project fear’ has turned out to be reality.
We need to rejoin the single market and the customs union or face long-term relative economic decline.
Its not just our economic prosperity that we have damaged, but also our children’s and grandchildren’s as well.
Sadly they won't let us back in. If they do it won't be on the same terms as before
@@mypointofview1111 I hope not.
The issue is we had a really good deal in actuality. We came up with a lot of the rules and kind of took advantage to get favourable terms. What we'd get now won't be anywhere near as good. Less shit than what we have now, but worse than before. Basically economically it'll take a year or two more of everything going economically pear shaped before people will be able to have an honest conversation about the economic negative impact of brexit. Sadly the people who voted for Brexit who felt they were being ignored are the ones that are going to be taking a church steeple up the bottom financially over the next year or so. Anyone who is decently well off will cope ok and see a bit of a dent but not one that's financially crippling.
Can we rejoin?
@@wesellanybiz That will take aprox. 20 years.
What I despise is the way in which Brexit was sold to us, was a complete and utter lie.
Boris and Farage Lied? Oh surely not.
Of course it was, how did you not realise this before voting- every Tory utterance is a lie.
Every adult has a responsibility to do their own research on such a life-changing decision. Anyone who didn't, and just listened to politicians' lies (when do they ever tell the truth?) - well what did they expect?
@@jamessmith1652 🙄 !
Wouldn’t they have to be able to do their own thinking first?
Both sides lied there socks off and I mean both
This should be on the news so people can see the damage they have done to England!
😂😂
It won't be, or it might get a 10 second mention on the news
Shhhhhh, haven't you noticed there's been a ban on the B word on politics and the wider media?
It's not just England though is it, it was English voters that did it to the whole of the UK.
Let's see if we can find a way of hijacking every single TV channel. I'm not suggesting we actually do anything, but maybe one day it could be useful. I am mentioning this for a friend.....
why aren't these people invited to debates on the BBC? Why not a special post Brexit reality check on national tv?
The BBC was threatened with the same kind of hatchet that has been used to stifle any kind of honest reportage by anyone that is publicly funded... It's the tyrant's playbook 101
I voted remain and still to this day I have heated arguments with people who voted leave about what benefits have actually been seen since leaving and it still amazes me how some people still think it was the right choice. But one thing will always be clear. The UK was once a thriving economy with a bold reputation but now we are nothing but a lonely and struggling island that is the laughing stock of not only the EU but the rest of the world and our once great reputation has been defined by something that is still not settled and probably won't be settled for years to come and that is unfortunately Brexit a topic that makes all English people cringe and they don't even want to talk about. 🙁
"laughing stock of the whole world"
In decades to come, us and the Deplorables will be remembered for striking the first major blow against neoliberal globalisation and you'll be remembered as the biggest fannies ever
But bloo passports, Sovereign tea, taking back hour boarders!
Sovereignty is only for Ukraine right?LOL
Wow is there any subject you have even the slightest grasp of Stevie boy?
@@stuartpenman6387 Steve nailed Brexspeak
@@stuartpenman6387 You can't be that ignorant that you didn't notice everything I type can be proven by stats and facts. Maybe politically and economically illiterate trolls shouldn't try to judge other people based on their own ignorance... PS your comments are about as much use as a rubber beak to a woodpecker...
@@julianshepherd2038 Thank you, kind sir. Unfortunately, Stuart hasn't had his meds this morning.
When economists dare speaking out against brexit, the official narrativ of the tories is completely broken. Enjoyed the spectacle for years from Germany with a kind of disbelief, but loved it as entertainement anyway. Rupert Murdoch had a run with his papers, the tv had their discussions and features, so everybody was busy and happy. Now the chickens come home to roost , i wonder who will take the blame ? Nobody.
"The people knew what they were voting for!"
This is their go-to.
I wouldn't trust most economists as far as I could throw one.
It's not called the dismal science for nothing.
I often hear Brexiteers say "This isn't the Brexit we voted for " Don't worry, they'll always find someone else to blame.
Little Britain at its best !!! Thank you UK for this show !!!
@@LowPlainsDrifter60 In all fairness most people assumed brexit meant more money for NHS and tighter border control, not their fault they got lied too imo
I think we should also remember the 12 million odd voters who did not vote in the Referendum. They bare some responsibility too.
Well we were told it was just a survey and not very important. People thought they were voting as a protest against tory austerity.
No, they don't. It was a non-binding referendum, and in a normal functioning democracy the voting public could have expected an official, binding referendum (if in existence in your country) to give consent to starting the proces of actually leaving.
This was just a glorified poll that has been misused by the far right in England.
Probably they should be blamed more, their vote could have made a difference.
@@iberian5319 Boris Good Ol Boris he will do the Brexit thing.All he did was virtually sign the paper that Mrs May never got to sign.Look at the effing mess we are in thanks to these Boris Deh brains
@Culture Vulture Papi Travels Good one. I like a bit of sarcasm in the morning.
FINALLY! We’re actually talking about this now.
Finally indeed! We are starting to hear a bit more about the extra damage caused by Brexit, but on you tube or lesser media. How about inviting these experts to express themselves on prime time national tv to explain, with cold facts, what Brexit has done for us so far?? The population needs to hear it, and not from Jacob RM's mouth, who contents himself with the happiness of fish.
Another Brexit benefit: telegraph 14 Nov 2022 "Paris overtakes London as Europe's largest stock market.. London has been stripped of its crown as Europe’s largest stock market after being leapfrogged by Paris... "
Blox is it!- uk size of the city finance is more than double paris and frankfurt *combined*
Liar!!
@@jonsimmons4150 need to take your liar complaint to the Tory brexit supporting Telegraph...size doesn't matter but money talks😏
@@jonsimmons4150 Hes right mate, the total value of the companies trading in France is greater than here in the UK, at $2.85tn compared to $2.81tn. However, the UK is still far away the leader in trading volume in foreign exchange and insurance. But that's mostly because the US has no real Forex industry since they are the world reserve currency.
And today from the telegraph ‘The Tories cannot blame Labour this time - we’re in this mess because of Brexit’
@@ffi1001 looks like the Telegraph are distancing themselves from Brexit.?
The policy of acting like a client state for the USA is turning decline into decay. Those who called for a hurried referendum without taking the time to educate the public first have all made their money and live comfortably. The lack of accountability and meritocracy is destroying the credibility of the UK.
Omg all those big words. Perhaps you should sit down
@@chrispennington9652 which words are “big”? Do you mean “big” as in long, or “big” as in intellectual and therefore difficult to understand? If either, then maybe you’d better sit down having expended (used) all your effort to type your comment.
People thought they were being educated but it was with lies!
@@jellslixcy6168 was I talking to you???
@@chrispennington9652 Do you think he was standing when he typed it?
My favourite Brexit benefit was the way food prices dropped 8% the day after the Leave vote. In a parallel universe.
The brexit Paradox is that any govt capable of delivering brexit wouldn't and an electorate clever enough to decode brexit would reject it. Jail farage now.
Questions about the value of output has to be addressed…basically Far to many people are making vast amounts of profit without producing anything!
Democracy should be about inherent influence of the privileged hierarchy of investment that is democratically above approach…!
The problem is they don’t provide any digestible accuracy or platform to be productive intentionally!
Basically everyone has to cover the cost of 12years of negligence to British policies from our parliament as a hole…!
They have crippled democracy to maintain their government, abused the public with oppressive polices, assaulted peoples standards of living, failure to govern themselves literally debating integrity of some of the most important democratic leaders…
This British government is the laughing stock of the world.
And still regardless of our vote they demand support for whatever radicalised polices the Tory elections delivered delivered delivered
Welcome to capitalism, to do what you want with any chance of success and perpetuity requires an entirely different method of administering economics unto the population, beyond capitalism.
The British people were given two opportunities to do so but circa 70% of those over 65 and circa 60% of those 50 to 64, decided they wanted more of the same they have had for the last 4 decades and so crawled over broken glass to elect a bunch of thieving incompetent bastards over a lifelong humanitarian who had a costed full worked out plan to radically alter the lives of the majority workforce for the better, before the capitalist minority, for once in my 40 years.
As for the young, the majority of those under 45 who voted, voted out of hope for better, but even just demographically, they are outnumbered by their elders over 2 to 1 meaning even if a majority of the younger gens came out to vote, they could never have undone what two thirds of their elders did.
Now, no better days will come for anyone who is not in the top 10% of income earners, no matter if red or blue, as you cant get a sheet of paper between Starmers Torylite Labour and the actual tory conservative party on economics nor Foreign policy.
Red Yellow or Blue, they don't serve you.
Far too many opting to be the parasite and not the host. What do you expect- the industrial revolution happened in the north. It was grim up north and it came - and went - without the Tories ever having to get their hands dirty.
Don’t like that north thing honest only a racist would need a new label to get around being a racist….!
Genuinely people need to stop quoting from education and start questioning their own understanding….
Net zero, if fossil fuels have a detrimental effect to the planet, when do you call that preemptive murder for a financial gain…..
The economy is fabricated nonsense to keep people in place, net zero has basically increased the value of redundant industries that apparently are killing the planet…..
Renewable literary make free energy and that put the cost up, f**k net zero and the British voters, you suck
So very true. The near complete control of the media by the right has made democracy a hollow idea indeed in the UK. There is no interest in 'the good of society'. It is just pure greed.
Don't need much brains to understand what happens when one steps out of a very big market.
A very big market that bought fuck all from the U.K.! The U.K. had an annual trade deficit in goods with the EU of €90,000,000,000
@Yakov Shani
What part of “Don’t want to be in the EU, and certainly don’t want the U.K. subsumed in a “United States of Europe”” don’t you lot get!?
If the British people had been allowed referenda on the Maastricht, Amsterdam and Lisbon treaties the U.K. wouldn’t have been in the damned EU in the first place! 😡
@@newblackdog7827 But you are out now and your government has signed agreements with EU. implement them and live happily everafter.
@@trident6547
I could say the same re the Horizon programme! See you in court!
In addition to the economic damage caused by Brexit,, the structural and political integrity of the ties that bind together England, Scotland, Wales and Northern Ireland into the United Kingdom are weakened almost to breaking point. But the main opposition party is adamant that Brexit will not be undone. Nothing will change until there is overwhelming public clamour to re-join. No realistic prospects of this happening.
After this debacle the EU will not be very willing to bring the UK back on board. Certainly not within the first ten to fiftheen years...
Very interesting. Thank you. I always remember the Taoiseach, Irish Prime Minister saying, 'in Ireland we know that referendums can produce very strange results'. The UK parliament needs to learn from the Brexit mess for future referendums. It is ludicrous for the country to self harm itself!
My wish list for future referendums are:-
1). ONLY a majority of the total electorate in favour, can overturn the status quo. Simple majorities, leads to this mess.
2). Parliament has the responsibility to ensure the electorate is properly informed on the subject. This would include having non political specialist debating the pros and cons of the argument put forward, in the various topic fields, with compulsory time slots in main stream media for these debates.
3). Post referendum, 6 monthly referendum impact reports, with compulsory media dissemination.
Sadly our politicians failed us badly!
Of course we should have stayed in Germania and how happy we would be under German direction. How marvellous that would be without any say.
@@Exanto777 You miss the point
@@JamesRattray no, you have totally missed the point. The BoE Andrew Bailey is trying to hide all the BoE mess ups. With the BoE blunders on interest rate, folks will lose their homes due to mortgage rate hikes. Nothing to see here eh!
@@Exanto777 You have completely missed the point. Weather you are a Brrxiteer or a Remainer, the Brexit referendum broke cardinal rules known by all Countries that execute direct democracies effectively.
You guys didnt even know if the vote meant : in or out of the single market, customs union, EFTA, you still dont know.
The establishment protest vote was experty played by Cummings. These were the swing voters and it was a con.
If this referendum was run in Switzerland , its result would have been deamed null and void. This is before you get to corrupt bias media, russian funding and kies on buses.
@@Johnnyfive55 no it’s you missed the point
loaf of bread went from £1 to £1.50p...this is a joke and then milk which also used to cost around £1 went straight up to over £2 as well. It's shocking really how tories decided to destroy the UK economy like that.
Panic buying bread & milk is a joke, plus 30p for a carrier bag now day's
It’s the same all over Europe. Just printing money is not a good idea, even if there is a pandemic.
Bread didn't increase by 50p at all where do you shop? I think Covid and Ukraine are clearly the problem, Brexit has caused nothing yet.
Where you buying your bread from Waitrose?
75p wholemeal loaf in Lidl & 4 pint of milk don’t cost more than £1.70
Stop exaggerating costs are going up but brexit? Or supply chain? check out Germany 1 in 10 have said they won’t pay there rising gas bills etc
Brexit did hit the economy no doubt and voters knew that but it’s not as bad as supply, war, and plandemic
@@davidpryle3935 no it's not the same all over Europe. France is below 6% inflation for instance
Where's Nigel? Isn't he the smartest one not in the room on this? Cue sarcasm.
He will be back, hopefully as Prime Minister.
@@markperrin8098 🤣🤡
Hopefully in jail
@@nodwellr 🧠👩🦽🤣
Exactly. The biggest scammer the world has ever seen and yet there are simple minded fools who still think he's fit to run for high office. I wouldn't trust Nigel to run a bath.
"Do you think that the fact you have cut off your Foot might have something to do with your 100m Sprint being slower this Year"
"No not all, my other Foot is compensating for that and in fact i am even more motivated this Year i thinks its down to the strong head wind i was running into today"
"Er but so were all the other runners?"
"................................."
"There's an inflationary effect coming through the service channels" That's Tory speak for "We made a terrible mistake"
Are these heads of the Bank of England some of the "Experts" that Michael Gove said we had all had enough of, and that we "shouldn't listen to"
Nah these are the guys they hired to replace those guys who resigned to leave the sinking ship.
Andrew Bailey is yet another incompetent bloke trying to blame anything else for the price rise disaster caused by BoE policy holding interest rate at zero for years. The result is the price explosion of today.
The Tories Russian masters must be so proud of the work they've done.
What are u talking about???
Boris is 'White Sascha'.
@@bereal6590 Russia has been linked to the Brexit vote....
That's the stupidest thing I've read today.
Rightly so. The Russians have had a very successful run at screwing up the West for at least a decade. The Tories and Republicans basically spout Russian propaganda word for word when it comes to the EU. Mindless idiots.
Why all the negativity about Brexit? I think its brilliant. I run a small business in Dublin and our exports to France and Holland have doubled since the UK left the EU. My customers in these countries have simply ceased buying from the UK. Go Brexit!
This is what happens when citizens take major decisions by referendums and are advised by politicians rather than economists. There is a reason why voters choose leaders and those leaders should get advice from specialists. Referendums have their value but should not decide to leave or stay in the EU.
Voters chose representatives, sheep need leaders.
It's not being advised by economist that is the problem. It's being advised based on their own self-interest, what will benefit them the most. There's only a extremely small amount of people that actually benefit over chaos relative to the amount of people that will suffer. As a result if everyone voted for what benefited them then we will get governments consistently conducting policies that benefit most people.
Well said.
The people are sheep; generally not educated well enough to vote! They are far to susceptible to voting with their emotions rather than for the “right” thing.
I'm pro-European Swiss, totally in favour of my country joining the EU at last. However, I would never ever even dare to question the plebiscites through referendums (for proposals by the government) and initiatives (proposals made by people). The Swiss have time and time again supported the Bilateral Agreements with the EU, in fear of being kicked out of the single market we are partially taking part in, although Blocher and his SVP won in 1992 against the accession bid to the EEA (European Economic Area). I actually cannot be thankful enough for the British to have gotten a bloody nose from Brexit for all eyes to see, because it serves as a warning. And now we have even war on European soil where we have an aggressor who does not care about international rules and who despises Europe to the core. This should unite all us Europeans.
Within any major government contract, a Lib Dem, Tory and labour minister must sign off, this would limit the possible corruption from giving billion pound contracts to under qualified or ‘friends’ etc.
You mean, just like the EU doesn't? Wake up, that man!
@@MrPercy112 Lmao who's sleeping? I think its you and only people like you.
That would mean nothing ever got done, it's as stupid as Elon Musk saying if you have a Democratic president you must have a Republican senate.
Making government function rely on all parties agreeing is a good way to ensure nothing ever changes.
Anyone can be bought, and btw in European politics it never happens that just one person decides the spending of public funds.
It wouldn't matter nor change anything though, if you think that they wouldn't just scratch each others backs you'd be naive at best. E.g. say Kier had friends in covid tests, Rishi had friends in masks and gloves and Sturgeon had friends in whisky then who's to say they wont just cut a deal to allow all the contracts to go through.
It’s important to remember that the referendum was the opinion of the people and did not automatically trigger a removal from The EU. It was the trigger of article 50 that caused the actual exit and not the referendum itself.
Those who decided to trigger article 50 before any consultation with the EU itself and before any consideration need to answer the question of why.
That includes the Labour Party
@@charliebryce3783 Yes they have answers to give too but it was Tory governments that triggered the referendum and article 50.
The EU were putting pressure on May to make a decision. She should have had a thorough analysis of what Brexit would cost, which wasn't really done before the poll as Cameron didn't think he could lose. He told Junckers he'd win it 70:30. Instead May was bounced into calling article 50 whereas she could have delayed for years, ever, if she'd wanted to. There could have been a more through analysis of what the vote meant, - seemed to be largely people in the populated parts of the UK fed up with public services being overloaded with EU migrants.
@@davidzof The EU doesn't have the power to 'bounce' a member's government into calling article 50, so that didn't happen. The referendum had no legal reality from the EU's point of view, so the UK government could have done whatever it wanted with its results. The Brexit time table was entirely in the hands of the UK government until article 50 was triggered.
@@jukahri Pressure was put on May at the time.
so project fear was project reality in the end
Yes it is.
Here's some advice, use capital letters and full stops at the end of a sentence, you'll be superior to a Brexiteer.
@@ruairievans nah i'm alrit
Nope.
It was project reality in the beginning, too.
The brexiteers being shamed daily and their lies and deceit being shown up.
True.
What senior Tories benefitted by Brexit who they are and how much did they gained Financially by us leaving the EU!!!!!!!!!!!!!
Yh but I have seen loads of these committees and what the use of it no one is held to account muppet show really n truly
I always thought it was a deliberate act of destruction on the uk economy. The only way the uk ever could join the euro is if we're absolutely desperate to rejoin the eu. And that's what would suit the rich the most. The euro would be worth more with all Europe's major economies involved than the pound can ever be.
Ain't gonna happen thank god.
Er, no. Not ever. Joining the Euro would be like poking your eyes out. A stupid act of self destruction. Why would you do that?
@@mypointofview1111 Enjoy the devaluation of the pound.......... Next year if this continue is going to cost less than an Euro.......
Printing half a trillion for covid might have a little bit to do with it
Every Country had to print money because Every Country economies were shut down to a halt or crawl because of Covid 19. Some stayed shut down longer than others. That's not what this is about. Brexit sure didn't help. it just added to an already existing problem.
What did the Romans (sorry EU) ever do for us.... Ok other than abolition of roaming charges, regulation of airlines, lower trading barriers, benefits of labour mobility, etc. etc. .. but what did the EU ever do for us?
Literally filled hospitality and other sectors with people who will do the job you lot don't want 😀
The EU gave money for apprenticeship programs in struggling areas in the UK
Ah well, at least you’ve got British pints … oh, and that paragon of veracity and selflessness, Nigel Farage.
David Cameron has a lot to answer for. It should never had been a referendum question. At the time very few people had sufficient information to make such a decision. Even politicians had no idea and would have had to turn to people like this. And yet a population were asked and made a close call decision based on some sort of gut feelings about the EU. Crazy. Should never have happened.
the problem is that UK government played the EU card threat against Scots in last scot referendum. Scots didn't know the brixit referendum results.
I agree that the referendum was too complex for any population to answer especially not being prepared for it and like many countries not being used to a common use of referenda, this and that economists usually are people to portay different effects and not ,,clear" political statements that are typical for campaigns.
Should ask why the EU wanted to present a case to the UK for staying in the EU and our government said no. Why would they do that?
?
Why would the government say no? Because they are the fools that started this Bullshit
Because it would have worked. EU will remember that refusal.
@@sadjaxx I think you misunderstand the resentment the majority had towards the eu and it’s fake MPs
I know the U.K. ain’t much better but sometimes the better the devil you know
Witvdrawn
Finally ,it's been said.Boris Johnson's dad said on TV no less than the British public were thick.That got pushed under the carpet aswell.But hey all is forgive as Matt Hancock is doing great in the jungle!. My arse,biggest plant there ever was.
At last an honest post about the effects of brexit!
If only the government were so honest
Covid and Ukraine conflict. Not Brexit
@@tims9434 yeah right. I take it that you're not an economist but probably a tory
hates con artist banker, but when banker is for being in the eu and having cheap imported labour from overseas undercutting the local market, and running down British pay he is "OK" with banker..
That Bailey inspires as much as a tin of condemned corned beef !
Love it !
Obviously trying to pour oil n troubled waters, too bad its a damn fire!
He ran the FSA poorly and gets promoted
But remember people, billionaires need their London laundromat... Never mind the implosion of the 99.9% standard of living....
Isn’t that Bank of England head a Brexiteer? I remember him defending Brexit during Johnson’s reign of terror.
*Remoaner*
If a banker says he is for it, it will be bad for YOU!
Maybe but I don't think it matters we're talking about the numbers and the trends that can be seen in our economic data. Those are all not looking good. He can't lie only report on what's happening. There was the political dimension and the economic one. We've been going long enough now that the problems can be seen now in the economic data.
@@eagle_rb_mmoomin_418 it makes no difference to the working man. Not one iota.
Being in The eu ran uk wages down.
Fact.
And that is why ppl voted for Brexit.
You must seek professional help if after 6 yrs you aint worked it out.
@@jonsimmons4150 Then why didn't you just ask for the minimum wage in the UK to be increased rather that leaving the EU
@@auspiciousmaniac275 free movement affects everyone- rentals, house prices, school places, traffic, wage compression.
Importing into a town 1000 fridges, aint the same impact as 1000 ppl.
For every person in requirements knock on across the board.
If you havent understood the knock on effect of fridges vs ppl youve understood zero
Why are the main news outlets silent about that ?
*BOOM BOOM - SHAKE THE ROOM* shouldn't have voted for Brexit doom...!
why?
don't be fooled, its money printing that causes inflation not Brexit
@@stuartpenman6387 watch the video.
@@stuartpenman6387 if you have to ask that then you are beyond help.
Classic Brexit Banter.
Surprise there was no mention of the effect on the exchange rate with a 15% drop in sterling which would normally make exports more competitive but also the volatility of sterling which is a risk for both importers and exporters and a major issue for FDI. The UK imports nearly 50% of its food so just the exchange rate movement increases that by 15%, does the exporter add another 5% to deal with the voliatility ? The UK is also a net fuel importer, same issue again. In the mean time , cant get crop pickers while beef & lamb producers were sold out with the trade deals to Aus & NZ. But happy fish according to JRM.
When exporting to the EU it doesn't make the administrative costs & delays go away. When exporting outside the EU it doesn't make the distances any shorter. And it doesn't make the Japanese less lactose intolerant.
15%drop of the £? Eh eh more like 25%
@@franciscouderq1100 To the € not the $ which is more appropiate as the EU is the UKs largest trading partner
The pound fairly steady against the euro.
@@Exanto777 steady ? its varing by % points on a week to week basis as it drops.It should steady now, hopefully.
This illustrates why Brexit types have had enough of experts
@@MuhammedChand Comparing an economist with a doctor is stupid.
It isn't called the dismal scence for nothing.
Finally people are saying things as they are …
Good to see a genuine discussion on the economic impacts without Brexit soundbites
Realize that the BE Governor is avoiding it. They hired him to replace the guy who left in disgust over the economic ruination due to Brexit.
The biggest gift to Europe was Brexit and the collapse of British economic power. Most MPs have a good salary and rich background (some go on holiday to the South of France and will continue to enjoy Europe). These MPs don’t care if the economy goes bad…ordinary British people will pay the price….
Remember: in 2016 by far most MP's were in favor of Remain. ... and it were the voters that put those current Brexiteer-MP's into parliament.
@@Michiel_de_Jong Some pro-Brexit MPs were lying to the people.
Europe isn’t doing any better
Strength will always be in unity. Europe will suffer but can share the pain…we are fkced in Britain…
@@sbnqy | Their trade, GDP and investments re bounced to pre-pandemic levels... the UK's didn't.
Working together, combining strength always outperforms solitarily
I don't have a PhD in Economics or Commerce, but I can tell willfully blocking access to a giant trading bloc called the EU which is literally across your shores would be damaging to the economy. Further, having no economic plan and strategy before the dissolution would be even more damaging. Who would have thought??!
Economics does have a answer to your correct assessment Brexit would be damaging to economy is the formula as follows: log Xij = c + b1 log GDPi + b2 log GDPj + b3 log τij + eij. It is called the 'Gravity Model of International Trade', because it is as predictable as Gravity. It predicts bilateral trade flows based on the economic sizes and distance between two units. Rule Britannia, 52% of the populous believed we could defy Gravity! or they believed the con men who sold them this lie.
We're on a slow train wreck, to becoming a 3rd world nation.
You are .In the EU a UK citizen has as much rights as the young man selling Sun glasses and bags on the beach
Blame it on everything else except themselves
These people weren't responsible for brexit at all.
Andrew Bailey is yet another incompetent bloke trying to blame anything else for the price rise sister caused by BoE policy holding interest rate at zero for years. The result is the price explosion of today.
@@Totalinternalreflection Andrew Bailey is yet another incompetent bloke trying to blame anything else for the price rise sister caused by BoE policy holding interest rate at zero for years. The result is the price explosion of today.
@@Exanto777 the interest rate has never been zero.
@@Totalinternalreflection base rate very close to it. For instance August 2016 to 0.25%,
What angers me isn't what they're saying - it's that people preferred to believe the likes of Farage rather than people who actually know and knew what they were talking about.
Brexit is what simple-mindedness gets you. You isolate yourself at your peril. Wave the flag while dying.
Blame Farage
dont be stupid, people wanted to leave the EU long before farage or ukip came along, get an education.
Hi Sheela, you are correct, blame the clown Farage + Johnson + Cameron + the man from the 19th century Jacob Reece Mogg and Gove and a whole lot more delusional Tories living in the past. Don’t mind the snipers and begrudges, they are probably fellow travellers. Best wishes for a lovely day 😊🙏 Michael
Tory: But we had enough of experts...
Our economic experts in the Tory government should have known this and not asked the public to vote on this very complicated subject. David Cameron put his ego before the country
Britain was sitting nicely on the fence. We need to be in a Customs Union ASAP !
" We need to be in a Customs Union ASAP !"
Won't make the border checks and Rules of Origin go away. The UK is stuffed.
No1 to blame for inflation more then this guy , it’s he’s no1 job to keep inflation at 2% , he should of put up interest rates a long time ago , not lending billions out at virtually zero interest, criminals all of them
If the BoE had put up interest rates then that would have a restricting effect on business, i.e. fewer business activities and more bankruptcies leading to more foreclosures and more unemployment, less tax revenue, ... . Another example of "Every complex problem has a solution that is simple, easy and wrong!"
@@tom-qj6uw interest rates would be low if they done it as inflation started to rise not wait till it hit double figures you think jobs aren’t going to go dream on furlough and paying peoples energy bills saved jobs wait till April when people pay full energy prices shops factories will shut all over uk
@@imbonkers3629 "interest rates would be low if they done it as inflation started to rise not wait t...." a) How do you come to this conclusion? and b) Please use punctuation, this text is just unreadable.
The overall inflation is 11.1 percent, but the inflation in each region of the UK is different.
I don't see how that is possible since supply is not much different through the country.
@@1992jamo because the cost of living in london is going to be greater than living in leeds, for example. so in turn, prices will be different.
@@1992jamo go on line see it for your self, the inflation in London for example is 10.8 percent, the lowest of all regions in the UK. Blackpool is over 12 percent inflation rate, Barnley has the highest 13 percent inflation rate in real terms.
@@HShango but you could just as easily zoom in even further and say that inflation is different per district or even per household. We use a national figure because The effect is national. It doesn't preclude there being regional variation.
@@1992jamo Like H said, indeed prices vary in cities, towns/Villages in the UK so inflation kick off harder in different regions of the UK, while the overall national inflation across the board in the UK is 11.1 per cent and could grow a little bit more before BoE really starts to stamp on inflation and get it back down to appropriate levels again, either we have a tough economic path ahead of us that is for sure.
Tourism is not in the GNP but is an important industry. I'm mainly traveling for pleasure in the EU as a Belgian. If I want to do an excursion to GB, I have to purchase a passport which is 85 € and this precious paper will then be useless unless I start exploring the world outside the EU. For a couple, this means 170€ thrown out of the window. Will I think twice before visiting the island??
The only reason Brexit is not doing so well is because of the 3rd rate politicians running this country.
We could have lowered corporation tax to attract overseas business.
We could have cut VAT to help everyone with the cost of living.
We could have left the European court of Humen rights and created our own system that puts British interests first.
We could have done so much more and turned every problem into an opportunity.
But we had Cameron, May, Johnson, Truss and now Sunak answerable to Corbyn and now Starmer and all change again soon no doubt.
This is a big joke and it comes at the expense of the British people.
*I LIVE IN THE EU* just spent €512 with a company in Greece for a product that I used to buy from the UK
Times that by 400 million EU citizens.
I can believe that, the business I work for has lost a lot of sales since Brexit, people are put off by the customs charges. And we've had to increase our prices on products which we import from the EU, some of which are classed as 'hazardous' and have horrendous duties imposed on them.
I've purchased much from many great folks in England using eBay over the years - alas no longer. Too many 'extras' - extra fees, extra tariffs, extra VAT, extra endless paperwork, extra jobsworths' interventions, extra delays. So why bother? Multiply that by how many? Just askin'.
ive stopped selling products to the EU. The customs rules are ridiculous. Instead im focusing on sending more of my products to Canada and the USA. The EU really isnt a good place to do business.
Brexit as ruined this Country would do anything to move Shame on all of you for voting for this we’re a third world country now.Its Bollox’s. Ireland for ever.
Good we don't want your stinking Euros! Times that by 500 billion pounds UK citizens 😂
It's obvious but the ostriches just won't accept that it been a major balls up.
Lol !
No more free money for an inept, EU !
@@andrewtaylor6737 They didn't crash the pound or risk the jobs of farmers, fishermen etc. What about the latest inflation figures ? History will not be kind about the grifters who sold the British public a pig in a poke.( which has had to be slaughtered)
Empires come & go, just like the demise of the EU in the coming years and you will be pleased we made the right decision.
Then again... Germany's huge financial surplus & the Mediterranean / Eastern Europe doing so well with their zero unemployment / sky high salaries and benefits we could only dream of. What could possibly go wrong ! 🤣🤣
Its good to have information like this rather than all the 'opinion' in the national media. As the sign in Foyles bookshop said when I was there: 'be a person of knowledge not just opinion'
Of course self determination has a price.
He failed to mention Liz Truss and her chancellor.😊
@Yakov Shani hardly insignificant.
Austerity is a choice.
Yes, there's always the option of shaking the ol magic money tree.🙄
@@markperrin8098 No such thing.
The British should just face the fact that Brexit was a mistake and do what they can to reverse it and mop up the damage done.
Don't hate the player. Hate the game. We all lost, we always do.
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The Office was enshrined in Law by the Treasury Solicitor Act 1876, which Established the Treasury Solicitor as a Corporation Sole (an Office with Perpetual Succession).
Employees of the Department exercise Legal Powers which are vested in the Corporation Sole.
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The Treasury Solicitor reports to the Attorney General for England and Wales.
The Department employs more than 1,900 Solicitors and Barristers to provide Advice, and Legal Representation on a huge range of Issues to many Government Departments."
The BoE is the problem
Why the BRIT’S are worried they have the £350 million back that should be enough .BORIS and Nigel. Promised a better future guaranteed, the problem is that people in UK had it easy for a very long time not knowing how things are run thinking we are better and smarter than anyone else and now they are begging 🙏 for deals around the world
Thanks for posting this . 👍