Very interesting. Another unintended consequence! Would love to hear more about this. Thanks for the comment and feel free to subscribe for more of this type of content moving forward. Thanks again.
To be honest none if this seems much of a surprise. I can see how it comes as a surprise to people who've let themselves be fooled by all the brexit propaganda, but as far as I can see all of this is perfectly in line with predictions made before brexit.
Taking subjectiveness into account is of course important. But to be fair, in this particular case the group of people that found these results subjectively obvious is the group that also happens to contain the vast majority of economic and trade expert in the world. I feel like that counts for something.
Before the referendum of Brexit, my main question was what will happen to Northern Ireland? How can they have brexit and avoid hard border? I did not see any solution, but I thought it is lack of knowledge. Now I learned I was right: there is indeed no solution. It was the Brexiteers, who suffered from lack of knowledge.
Not too surprising to me that Germany is doing better than the UK cause Germany only "lost" one trading partner and the UK "lost" a lot more trading partners
Germany has been in or near recession for the last 2 years, their government has collapsed. Their automobile industry is in decline. The UK economy has grown faster than that of Germany. UK exports are higher now than pre-pandemic and pre-brexit. Actual figures, not estimates. I guess because I don't care if we are in or out that I don't feel any compulsion to make stuff up.
The first numbers (20 and 7 billion) are a bit misleading. The benefit for the UK was much higher than the 7 billion mentioned. It's just harder to quantify. What is it worth to have access to a market of 500 million people and about an 11 trillion GDP? What is it worth to have the EU do your trade deals because they have much more power than the UK on it's own? etc.
Ten countries contributed more to the EU budget than they received back from that budget. A system that gives more to everybody than they put in is not possible. Rich countries pay in more to support poorer countries. All EU countries gain from membership, also Britain did as we can see now.
@@hurri7720 You're missing my point. The NL is a net contributor if you purely look at money out v money in. But that is not the point. The NL is a lot richer because it's in the EU but how is very hard to quantify.
@@dutchymcdutch2553 Agreed. That ".....if you purely look at money out v money in." was govt money and not the cost reductions benefit. Imagine buying an annual bus ticket and not considering that you could now use the busses
Before the referendum of Brexit, my main question was what will happen to Northern Ireland? How can they have brexit and avoid hard border? I did not see any solution, but I thought it is lack of knowledge. Now I learned I was right: there is indeed no solution. It was the Brexiteers, who suffered from lack of knowledge.
Certainly human-made! Lots of hard work and dedicated creatives behind this channel. Feel free to subscribe for more. We are trying to produce videos for upload once a week. Thank you for the kind comment. Feel free to share channel with friends and colleagues that might be interested. Thanks.
Thank you for this kind comment. Haha, we can't believe it either! Feel free to subscribe for more. We are trying to produce videos for upload once a week. Also, feel free to share channel with friends and colleagues that might be interested so we can keep growing and producing more content. Thanks!
they definitely can complain, there's an entire generation of 20 somethings who didn't get to vote in the referendum because they were too young. Now they, and the generations following them, will deal the realities of a Brexit Britain they never voted for while the people who voted for it are in the cemetery 🪦
The shift of economic power wasn't unexpected. Britain had some industry that was heavily dependent on EU trading rights. Automotive with Nissan, Mini Couper & Land Rover(BMW), Jaguar, food and medical equipment (McLaren), to order them roughly by workforce. Also, the logistical backbone of the British industry was foreign truckers from the EU. With Brexit, some companies like Nissan had to leave the country because EU homologation of cars was extremely difficult and the island was mostly cut off from the European car parts supply chain with Germany, France, Spain, and Italy. Mini and Rover could endure some of the stress, as BMW still had its HQ in an EU country and was willing to provide some level of logistics. The biggest problem however is the access to primary resources needed for food, medicine, and construction. The EU had developed standards and secured trade access to primary resources so each member could build a secure economy on top of this secured supply. That was the reason we, including the Brits, built it as a trade union in the first place. Without this security, any company using large quantities of materials (automotive, construction, food) had to be ranked more risky and investors had to withdraw money if they cared about a risk-managed portfolio. Other industries that don't depend on any material, like banking and IT were not affected by this. That's one reason, why London is still doing fine, while the rest of the country was hit much harder. The Germany-China trade is also linked to the EU. Austria (heat pump, smart grid) and Spain (automotive, turbines) will also benefit greatly from the infrastructure deal. Britain however can not be included easily as it still doesn't have the same free trade rights. Otherwise Rolls-Royce in Britain, and BP instead of Shell-Germany would have been perfect choices to incorporate in those deals.
The set of graphics showing the inflows/outflows were of course nonsense in that they failed to show the huge cost benefits resulting from being the EU. Why? Because those benefits went to businesses directly and not the govt.
The german economy has been in a decline for more than 2 years now and heading for an all-out free fall. Things will change in the near future so it would be wise to wait a bit longer before an assessment is made on whether it was wise for the UK to leave the EU.
You repeat yourself multiple times and use a lot of unnecessary words. It almost feels like this video is more padding than info. Another criticism is that you don't talk about any other EU country than Germany and Ireland.
i think a sign of AI written copy is a weird kind of REDUNDANCY. repeating the same point over and over again in slightly different ways in order to extend run time. boo.
Britain took a ginormous hit by leaving Europe but in the end they do have their sovereignty back. I think it sucks short term but I believe they will eventually come out stronger because they can make their own decisions.
As the old motto says, divide and conquer. The UK cannot prosper alone in a globalised world, simply because it doesn't have the critical mass to make it work, land resources, potential for expanding or colonies (this isn't the British Empire anymore). So I'm afraid not, the Brits are royally and utterly screwed, and they brought it uppon themselves. From the EU's perspective, once Orban eventually leaves, there's finally room for deeper European integration, so farewell UK. The EU will do the necessary things to ensure the UK doesn't drag it down to its self inflicted thirdworldification.
Well, because they kept the pound they were able to set their own financial policy, and had the power to veto proposed EU policies. This enabled the UK to negotiate better outcomes. The only thing I can see that irked the Brits was free movement of people throughout the EU. However, immigration remains a problem post Brexit, and the drop in trade has been slow to make up with other markets. It's hard to predict what will happen if a trade war commences next year.
I voted for Brexit and I'm glad I did. We are now a free independent nation. Unfortunately we are run by morons from the Conservative and Labour party but hopefully we get a Reform government soon.
So what can you do now that you couldn't do before Brexit? Can you giver me an example of an EU law that you don't have to follow now. Can you provide an example of your new freedoms.
@@andygass9096 There was never an answer. Just opportunities of deregulation of EU standards from which deviation can open lucrative earnings for a lobbied few.
British gdp didn t go down. The issue in the UK is wealth repartition. When a country is lead by the right wing for so long, it s always the 1% taking it all and leaving the rest paupers...
A strangely out of date video; has whoever made this been living under a rock for the last two years? The UK leaving the EU is in fact already causing a slow-motion car crash for the EU, as there is no longer a large neoliberal champion to counter the French largesse and sclerotic German industrial model. The German economy is currently tanking, is a bureaucratic nightmare and is getting worse, with lower growth than the UK predicted for years to come. France has just been credit downgraded again and is rapidly heading for an IMF bailout. Crucially, in neither country is there any political party even talking about addressing their problems. More regulation and public spending is all you will ever see from the increasingly parochial EU now.
I'm from NI, and honestly it's shocking now predictable this chaos is. My nationlist family are hoping it's a step towards a united Ireland though. ❤
Sorry for my uneducated question but who is a nationalist in NI rooting for - UK or Ireland? And how does the other side is called?
Very interesting. Another unintended consequence! Would love to hear more about this. Thanks for the comment and feel free to subscribe for more of this type of content moving forward. Thanks again.
@@markusschafer4895 Unionists are pro NI remaining in the UK and Nationalists are pro-Irish reunification.
To be honest none if this seems much of a surprise. I can see how it comes as a surprise to people who've let themselves be fooled by all the brexit propaganda, but as far as I can see all of this is perfectly in line with predictions made before brexit.
It's a fair point. Subjective, for sure. What is "unexpected" to some is actually quite the opposite to others.
Taking subjectiveness into account is of course important. But to be fair, in this particular case the group of people that found these results subjectively obvious is the group that also happens to contain the vast majority of economic and trade expert in the world. I feel like that counts for something.
Before the referendum of Brexit, my main question was what will happen to Northern Ireland? How can they have brexit and avoid hard border? I did not see any solution, but I thought it is lack of knowledge. Now I learned I was right: there is indeed no solution. It was the Brexiteers, who suffered from lack of knowledge.
Not too surprising to me that Germany is doing better than the UK cause Germany only "lost" one trading partner and the UK "lost" a lot more trading partners
Germany has been in or near recession for the last 2 years, their government has collapsed. Their automobile industry is in decline. The UK economy has grown faster than that of Germany.
UK exports are higher now than pre-pandemic and pre-brexit. Actual figures, not estimates.
I guess because I don't care if we are in or out that I don't feel any compulsion to make stuff up.
The first numbers (20 and 7 billion) are a bit misleading. The benefit for the UK was much higher than the 7 billion mentioned. It's just harder to quantify. What is it worth to have access to a market of 500 million people and about an 11 trillion GDP? What is it worth to have the EU do your trade deals because they have much more power than the UK on it's own? etc.
Ten countries contributed more to the EU budget than they received back from that budget. A system that gives more to everybody than they put in is not possible. Rich countries pay in more to support poorer countries.
All EU countries gain from membership, also Britain did as we can see now.
@@hurri7720 You're missing my point. The NL is a net contributor if you purely look at money out v money in. But that is not the point. The NL is a lot richer because it's in the EU but how is very hard to quantify.
@@dutchymcdutch2553 Agreed. That ".....if you purely look at money out v money in." was govt money and not the cost reductions benefit. Imagine buying an annual bus ticket and not considering that you could now use the busses
Before the referendum of Brexit, my main question was what will happen to Northern Ireland? How can they have brexit and avoid hard border? I did not see any solution, but I thought it is lack of knowledge. Now I learned I was right: there is indeed no solution. It was the Brexiteers, who suffered from lack of knowledge.
Great quality video!
I'm wondering whether it's human-made or not. For example if I check on Gemini, the order of topics is almost identical.
@@Kkubey why would it matter if it's good?
I’m the voice artist for this - I can confirm it’s human-made!
@@MarriottVO yes, it felt human, and good
Certainly human-made! Lots of hard work and dedicated creatives behind this channel. Feel free to subscribe for more. We are trying to produce videos for upload once a week. Thank you for the kind comment. Feel free to share channel with friends and colleagues that might be interested. Thanks.
Really nice video to look at and listen to, great visually and also very informative. Crazy that you only have 73 Subscribers,
Thank you!
Thank you for this kind comment. Haha, we can't believe it either! Feel free to subscribe for more. We are trying to produce videos for upload once a week. Also, feel free to share channel with friends and colleagues that might be interested so we can keep growing and producing more content. Thanks!
In the end, the people got "brexit" what they wanted. They can't complain now. All these problems were known before hand.
they definitely can complain, there's an entire generation of 20 somethings who didn't get to vote in the referendum because they were too young. Now they, and the generations following them, will deal the realities of a Brexit Britain they never voted for while the people who voted for it are in the cemetery 🪦
The shift of economic power wasn't unexpected. Britain had some industry that was heavily dependent on EU trading rights. Automotive with Nissan, Mini Couper & Land Rover(BMW), Jaguar, food and medical equipment (McLaren), to order them roughly by workforce. Also, the logistical backbone of the British industry was foreign truckers from the EU. With Brexit, some companies like Nissan had to leave the country because EU homologation of cars was extremely difficult and the island was mostly cut off from the European car parts supply chain with Germany, France, Spain, and Italy. Mini and Rover could endure some of the stress, as BMW still had its HQ in an EU country and was willing to provide some level of logistics.
The biggest problem however is the access to primary resources needed for food, medicine, and construction. The EU had developed standards and secured trade access to primary resources so each member could build a secure economy on top of this secured supply. That was the reason we, including the Brits, built it as a trade union in the first place. Without this security, any company using large quantities of materials (automotive, construction, food) had to be ranked more risky and investors had to withdraw money if they cared about a risk-managed portfolio. Other industries that don't depend on any material, like banking and IT were not affected by this. That's one reason, why London is still doing fine, while the rest of the country was hit much harder.
The Germany-China trade is also linked to the EU. Austria (heat pump, smart grid) and Spain (automotive, turbines) will also benefit greatly from the infrastructure deal. Britain however can not be included easily as it still doesn't have the same free trade rights. Otherwise Rolls-Royce in Britain, and BP instead of Shell-Germany would have been perfect choices to incorporate in those deals.
These are very good insights. Thank you for the comment. Feel free to subscribe for more videos related to these topics.
It wasn't Nissan that closed its UK manufacturing, it was Honda. Nissan and Toyota still manufacture in the UK.
so how are UK wages doing since Brexit.....?
So UK left the EU to save money but spent an order of magnitude to send to Ukraine to help it join the EU, so it can be a drag on EU budget.. right?
The set of graphics showing the inflows/outflows were of course nonsense in that they failed to show the huge cost benefits resulting from being the EU. Why? Because those benefits went to businesses directly and not the govt.
So where have the great persuaders and EU retractors gone ?
The german economy has been in a decline for more than 2 years now and heading for an all-out free fall. Things will change in the near future so it would be wise to wait a bit longer before an assessment is made on whether it was wise for the UK to leave the EU.
CORRECTION!
52% of the UK did NOT vote for leaving the EU. It was 37,4% of the UK. Get your facts straight.
Just a better mic and a more mysterious background music, and you'll get tens if not hundreds of thousands of subscribers
Thanks for your opinion 🙏🏼
Brexit. This miracle just cant stop giving.
Giving what?
@DavidRedfern-p3b miracles
You repeat yourself multiple times and use a lot of unnecessary words. It almost feels like this video is more padding than info.
Another criticism is that you don't talk about any other EU country than Germany and Ireland.
i think a sign of AI written copy is a weird kind of REDUNDANCY. repeating the same point over and over again in slightly different ways in order to extend run time. boo.
Britain took a ginormous hit by leaving Europe but in the end they do have their sovereignty back. I think it sucks short term but I believe they will eventually come out stronger because they can make their own decisions.
As the old motto says, divide and conquer. The UK cannot prosper alone in a globalised world, simply because it doesn't have the critical mass to make it work, land resources, potential for expanding or colonies (this isn't the British Empire anymore). So I'm afraid not, the Brits are royally and utterly screwed, and they brought it uppon themselves. From the EU's perspective, once Orban eventually leaves, there's finally room for deeper European integration, so farewell UK. The EU will do the necessary things to ensure the UK doesn't drag it down to its self inflicted thirdworldification.
Interesting take. Thank you for the comment. Feel free to subscribe for more videos related to these nuances.
Well, because they kept the pound they were able to set their own financial policy, and had the power to veto proposed EU policies. This enabled the UK to negotiate better outcomes. The only thing I can see that irked the Brits was free movement of people throughout the EU. However, immigration remains a problem post Brexit, and the drop in trade has been slow to make up with other markets. It's hard to predict what will happen if a trade war commences next year.
a noble sentiment, but sovereignty doesn't pay the bills. You cant eat sovereignty for dinner. UK living standards are slipping.
@@nameisamine with freedom comes responsibility…
Are you for real, when did you make this docu-drama, must have been years ago. Much of the EU is in recession.
I voted for Brexit and I'm glad I did. We are now a free independent nation. Unfortunately we are run by morons from the Conservative and Labour party but hopefully we get a Reform government soon.
So what can you do now that you couldn't do before Brexit? Can you giver me an example of an EU law that you don't have to follow now. Can you provide an example of your new freedoms.
@@andygass9096 There was never an answer. Just opportunities of deregulation of EU standards from which deviation can open lucrative earnings for a lobbied few.
British gdp didn t go down.
The issue in the UK is wealth repartition.
When a country is lead by the right wing for so long, it s always the 1% taking it all and leaving the rest paupers...
A strangely out of date video; has whoever made this been living under a rock for the last two years?
The UK leaving the EU is in fact already causing a slow-motion car crash for the EU, as there is no longer a large neoliberal champion to counter the French largesse and sclerotic German industrial model. The German economy is currently tanking, is a bureaucratic nightmare and is getting worse, with lower growth than the UK predicted for years to come. France has just been credit downgraded again and is rapidly heading for an IMF bailout. Crucially, in neither country is there any political party even talking about addressing their problems. More regulation and public spending is all you will ever see from the increasingly parochial EU now.
"The German economy is currently tanking"
also Germany: the 3rd largest economy in the world and becoming stronger and stronger.