How Has Brexit Been Going? | Economics Explained 

I want to ask one thing. Why developed European and North American countries have huge foreign debt but still they have credit ratings of AA, or AAA while developing countries with much low foreign debt have bad credit ratings like BB, or C even when it doesn't seems like they can ever pay their debt like US with 30 trillion dollars debt or tiny Ireland with more than 2 trillion dollars debt?

When it comes the UK we've got the right ingredients we only need the right chef, we got the right tools we only need the right craftsman. CANZUK can be a big help and I'm a big supporter.🇬🇧🎯🤯🔏🧠💷😎🍉

In 2019 we were the 5th biggest exporter and importer and economy so I think exporting and manufacturing more is going to have a longer term impact on jobs and income and growth.

The magway system can replace trucks underground cable feed automated package delivery and tax exporting can always fix the tax gap.

There is one pivotal aspect that has not been mentioned in the video. If UK exits EU without having much negative impacts on the economy, will other european countries do the same ?

It's crazy, I was a kid when the vote passed, and now I'm an adult having to deal with the consequences.

UK has soon lost six (6) years decdiing what to do with Brexit. Incredible.

I couldn't vote on it it at the time, but now I'm 22 and dealing with the chaos

Sebastian Armour what consequences are you having to deal with?

@Lewis Massie What chaos are you dealing with?

Hahaha

Nice flash soviet

@@enderw.1724 Absolute world class.

💆💆💆

YOU LET THEM THROUGH!?

It mostly proved to the politicians that we are the dumb reactionary herd of sheep they contemptuously saw us as already. No wonder things have only gotten worse.

Greece economic crisis and the refugee crisis led some failing politicians to find an opportunity and they used ppl's reactivity to get what they want. Thats my theory.

Untrue; comedians and content creators have benefited greatly.

It came out of nowhere, and the name was Dominic Cummings.

It didn't better David Cameron's career. Didn't he offer up brexit as an option and then when we voted to leave he resigned?

It wouldn’t work would it given the government was not in favour of leaving in the first place and therefore would not have tried their best to negotiate for the best deal

This was the Labour Party policy in 2019, negotiate a deal, then a second referendum on the deal. This policy is said to be one of the key reasons they lost so badly.

The PM, Cameron negotiated with the EU before the referendum to address points of concern. It is funny how Cameron's reform deal didn't figure in the public debate. Cameron set up the referendum knowing people didn't know exactly what the deal would be making it more risky to vote Leave. Cameron calculated that setting up the referendum in this way would mean that the Remain would win and take the issue off the table for 30 years.

Cameron also chose the wrong time to negotiate with the EU. the EU was extremely busy in trying to contain a high number of migrants from Syria, which was causing a lot of political instability within the EU countries and EU government, which meant that Cameron came back empty handed from the negotiations. The Syrian migrant crisis in the EU and the result of those negotiations just boosted the vote leave camp. Saying that Cameron misjudged the timing of the referendum is an understatement to say the least, besides allowing a quorum of only 50%+1 for such an important matter. The deal negotiations were also impossible before the vote, because the EU refused to do so until article 50 had been triggered.

No in fact it’s not idiotic at all. Spending billions of pounds, and years on negotiations just to have a referendum and it come back as stay in the EU wouldn’t have been good would it?

*A blessing for UK politicians

@@Notmyname1593 It will be better for the UK population as a whole if companies start hiring UK citizens instead of bringing in cheap labor from Poland, Romania etc pushing down the salaries for everyone within that industry.

@@zjeee And when exactly will that happen? Because last I checked Brits weren't excited to pick crops in the field for hours, so the crops remained unpicked and the people unemployed. You are also forgetting UK citizens, who used to be employed in EU countries, I doubt the change is great for them.

Convenience for the government not the people.

@@SimplySketchyGT Convenient for me because that's one less thing for people to make fun of me for being British for

Ireland GDP per capita is almost twice the UKs. No wonder Ireland is higher

Or how to convince them the media is biased. :p

@@andrewjgrimm Wow, yet another RU-vid channel to add to "the media". You know when there's 10,000 nays and only 10 yays you have to realise that calling the nays wrong just makes people look deranged.

@@krashd I don't know who you mean by the yays and the nays, but my comment was just a joke.

@Leroy Jenkins Alpha what do they need military for?

Of course there is another opinion and that of being against a Federal European superstate.

“Great” is a geographical term like Great Yarmouth, Great Grimsby, Greater London and Greater Manchester.

If only the majority of remoaners actually DIDN'T look at their own personal wealth, based on EU slave labour, and, stopped stopping Brexit (we still haven't dumped the ECHR), then Brexit may be actually measured. As it is - we haven't HAD Brexit, even now. We will though. ;-)

I was a pro brexit supporter for exactly what you're saying. I agree. Immigration is an issue that we should've addressed as a continent. It was a mistake. We've lost the little influence we had left.

What do you expect? You came here as cheap labour, selling out our own countrymen? Did you know lorry drivers in the UK used to earn a wage they could afford a family and mortgage on?

@@stevenwest1494 Not when my dad was a lorry driver in the 1980s they didn't.

@@stevenwest1494 lorry drivers affording mortgage? Really?

@@stevenwest1494 I have been told that I am one of the most expensive employees in our company. I get 3700£ a month. The difference between me and your countrymen is that I speak fluently russia, german and spanish and know something about logistics.

@@stevenwest1494 i guess you are blind to what is happening in the world ...

It's impressive how brazenly they can lie about the state of things...

@@Yeoldyperson it's impressive how thick you are to keep reading the daily express,the mail and so on

@@janofb no it wont, as we screwed our exports to our biggest exporter. we now have hit our economy 178x more than we have benefitted.

@@kanedNunable if you hate the GB that much sell up and move to Europe. We will be so much better without all you naysayers. Let me guess you won't though will you because its all rhetoric...

@@pauln0371 we can't, we voted to end free movement.

The French aren't though

@@Robert-cu9bm because the UK was not keeping its side of the deal. Though the world now knows better than arguing with brexiteers 🤣🤣🤣

@@Robert-cu9bm bla bla bla

@@Robert-cu9bm good

@ger du you want to talk about livestock when Dutch and norweigen slaughterhouses feed dead piglets to their mothers in appalling battery pens? Oh but please, do go on little shltstain. Keep buying those sausages in your own internal markets! 😁

Fine. But people need to be more precise than that. Pierre Trudeau (Justin´s father), in reference to the Quebec referendum, said. "reason before passion."

So has it been successful m8? I voted leave but if I had a choice, to remain 💯 I work a Construction company and it’s costs us so much stress and anxiety it’s unbelievable!!!

@@rrickarr I apologise m8!!!

@@stephenphinn8350 Then why did you take decision to leave at first?

@@koushikdas1992 Because uncle Boris filled my head with shite m8! The big red bus we will save the nhs millions, and the U.K. will better off, well he’s right for the rich! We will be worse off and that was my fault for voting leave… I should of done my own research m8! 🧐

🙌

Thanks

Huh, cool to see you here. LOVE your art.

awesome! thanks 🙏

Thank you so much

Unfortunately Lee that won't compute with a lot of people on here as they think everything's rosy and all sovereign. Lots of companies pulled out because they knew the impending supply chain problems and costs involved. I heard one guy on the radio saying that he's prepared to lose his home if it ment we weren't controlled by Brussels anymore. This is the type of idiot you're dealing with. I hope you got everything back on track. I took early retirement due to health problems so was lucky in one way but don't think I could manage keeping a job in my state now anyway!

Well, is that a surprise for you? Germany is one of the most proudest members of the EU. Ofc the want to support their follow EU-Members.

@@lisanne9640 bad take

@@hu-ry is it? I can confirm as a German. Do you even know how hard uk is bashed here for leaving the holy 4th Reich ähm I mean the eu? The goal is to smear the uk so other countries are discouraged to leave aswell.

Fraternizing with the Germans didn't work out for you? What a shame.

Because demand for what these companies are selling hasn't increased but the supply of what these companies buy has decreased. If there was a labour shortage but more people were buying goods than ever before then a company would be more inclined to increased spending because they could increase prices. However no one will buy their products if they raise the prices. My Brother-in-law said if they made him pay his workers £10 an hour or more he would have to sell his business and cut his loses, because his profit would be gone. Comprared to the rest of the world our unskilled labour is horrendously overpaid. In India I could hire two people for the cost of one person from Britain and I might get twice the effort from each. This is why there is a push for automation in the service industry, labour is too expensive otherwise.

I as a layman would say that it is because the low wages *is* the demand. So there is a demand for a thing that is by this nature is expected to be both subject and excluded from the sum of costs=demand/supply. An economic paradox if you will.

Brexit.. Everything wrong from now on if brexits fault.

Correct. There is no shortage of able bodied people to work. Not at slave wages anyway...

Pandemics always result in labor shortages, which is good for workers who survive the pandemic, as it increases the power of labor.

So sorry for you. About wives, you can try dating British girls, but I don't think British girls are as attractive as Scandinavians by any means...

@@sharknado623 I work in academia, which has a mix of people from all over the world. Lots of lovely international ladies.

@@crowmob-ii2ng I should add that my supervisor was probably trying to make me take it to muck up my career. He was/is capable of being not very nice and the job eventually went to his favourite person in his group. It is possible that his favourite was actually 100% lined up for it and my old boss was just trying to mess me around. I think over time we will rejoin or be so close as to basically be part of the EU.

This is not happening. We do not want uk back in Europe.

@@francescozani9488 Many polls now show clear majority of people in the UK want Rejoin. We should never have left. The referendum was 'advisory' and there was a lot of dodgy promising going on. We are worse off because of it.

so basically exactly what was intended with forming the EU and levying import taxes on non member countries

There is also VAT (it was 8% at the start but increased to 20% due to the banking crisis) and import duty for UK to import from Europe. Which was the intention of Brexit to encourage buying British.

@@QuentinUK Unless you are someone that exports most of their produce to the EU such as the shellfish gang. Think they didn't read the small print when they put their X in the wrong box.

"As someone who knows nothing really about any of this" is the biggest problem caused by the EU.

Go on you, I no longer buy anything from the EU, whose economy will take the greatest hit, great Britain or the communist EU.

And some of the effects of brexit

Where can I find out more about this experiment?

@@gotofalograce9926 he's referring to the special position of NI within the UK. They have the benefit of staying in the single market while being out of the EU. While the UK has logistics supply problems NI is thriving. There will be reports about how NI is doing economically compared to the rest of the UK.

That's why they wanna ruin it lol.

what's NI?

But thats exactly the opposite of what they wanted

Except they are paying more due to supply and demand, and bus drivers are switching to truck driving because the pay is a lot better. Qualifying to drive a truck professionally in the UK is an involved and fairly long process, which means that boosting the number of native drivers with wage increases cannot quickly meet demand, so special visas are needed in the short term at least. Of course, had the conservative UK government predicted the blindingly obvious reduction in the number of lorry drivers due to EU drivers leaving, then they could have boosted training during the transition period to lessen the impact. However, as could be seen from the preparedness of the UK Brexit negotiation team, forward planning is not this government's strong point.

@@davidpowell8249 Sure, and good for the drivers! That's not the message of the video though.

A truck drivers wage has almost doubled since the shortage.

Big businesses of any kind, especially those that are listed in stock markets, measure their success in terms of revenue and profit growth these days. If you made 100 million last year and still make 100 million this year, that would mean 0 growth and would be seen as a bad year. For them, asking them to increase wages probably sounds more disastrous than asking them to sell their mothers.

Proper tag manager I would like. #RU-vidAI

By the time he finishes the leaderboard we are already through the singularity.

Releasing a non-video leaderboard every year with like 30-40 countries for his patrons with just a tidbit about each country and just leaving the country summaries in the channel as they are would probably make much more sense But people then would cry about the lack of a leaderboard

it's just an average of the individual scores together

@@jasonisbored6679 yes, but those individual scores can change dramatically over time. See eg. the stability score which went from 10/10 to 8/10 in just a couple of years.

Explain

It will be the new Singapore, we already see companies moving from Holland to the UK. Short term pains but a competitive force , that’s even acknowledged by the EU negotiators

@@jordie4423 Which companies would that be?

A communist one for a very small population (a village), a Socialist one for a bigger one (a city) and a capitalist one for anything bigger.

Thanks, same to you :)

Thanks man, and greetings to you from this part of the former Danelaw!

Nice comment, we left a political club not Europe. Take care my friend.

Thank you. Greetings to you Danish friends

@@talkingsense3969 completely agree.

It's nice to see other people raising this issue, ir35 as created labor shortages in many industrial sectors including the sector I work in

@@TheSharpy088 Agree IR 35 change has backfired massively, short sighted money grab from the treasury. In my previous role (banking sector) they assumed everyone was inside without actually doing proper determinations (literally mail merged peoples names onto a document saying we are inside, also sent info about determination to HMRC *without my permission* I was livid) and were shocked when we all left on mass. They offered permie contracts but they were no where near don't know a single person that took them up on the offer. Business also needs to wake up and realise contract employees are a super useful way of bringing in expertise in a flexible manner. They need to do proper deterinations, buy IR35 insurance and add it to the cost basis.

Outside of sterile, off-road areas like ports and logistics hubs, fully self-driving vehicles are never going to arrive as quickly as Elongated Muskrat would have you think. Another, perhaps unexpected, factor in the driver shortage is that it's self-compounding to a small degree. The shortage has caused a spike in agency driver rates (up to £40/hour) and most drivers are 40-65 so they're not inclined to work themselves to death like a school leaver so some have been working only 2 or 3 days a week for the same money that they would've got for driving a whole week.

@@mememaster147 you should look up the ir35 reforms and the effects it has on contractual workers... then you will understand why there has been a sudden increase in pay!! Like in many other sectors... its to cover the cost of the tax hike that's been imposed on contractor's

@@2k10clarky short sighted money grab? Its getting people to pay the tax they owe as they're employees... Businesses have been keeping pay low, because people could get away with not paying proper tax, and therefore had higher net pay than they should. And now the revenue has clamped down on the dodge. If you're a legitimate freelancer or contractor, it won't effect you.

The last Scotish independence referendum was really close and one of the major arguments for the remain-voters was that dropping out of the EU could in theory mean having to re-negotiate the deal to get back in. That argument is completely gone now. Wouldn't be surprised if another referendum succeeds.

As an Englishman it is time for Scottish and Irish independence. They are a colossal waste of resources which are increasingly needed in England.

traitors

@@80Day_bender then why does your government and queen want us to stay so badly? Please help us leave, appeal to your local MP. Thanks for your support for independence

If they succeed because of that it will show how dumb they are. Scotland will never join the EU again. Spain won't let that happen. Accepting Scottish independence will trigger all other Spanish secessionist movements. Scotland will only lose from its independence

Yeah, it's stupid to focus on these industries when Agriculture accounts for just 0.6% of GDP and UK fishing industry account for less than £1 billion per year.

@@jmpompey1 Especially if you are an island, you want to have at least a little bit of food production... 65 million people want to have something to eat. And if they dont get it... oh boi.

Fishing is a mess but the solution is EU boats stayig on their side of the line representing territorial waters & British trawlers staying in British waters... Farming was in a mess which was caused by the EU common agricultural policy long before BREXIT. It will take time to unravel this agri-dictatorship & ground which has been used to produce chemical dependent crops will take more than a decade to recover. If Britain adjusts agricultural policy to a primarily a domestic food production model it will be a lot better...but that takes a long time.

@@davidbrewer7937 most of the agricultural rules of the EU are for long term sustainability (bad for short term monetary gain but better in the long run)

No. That’s funny. I’m enjoying this!😄😄😄😄😄

Makes sense. You’re not British.

good riddance :)

@@wallybeep He had a successful business in GB that you benefitted from, but are too stupid to understand that!! Leaving makes GB poorer, because some idiots decided to fill you heads with hate! London WAS a financial capital for a very good reason that now is gone....

@@romkir2802 Not too smart are you

@@nixl3518 What did you expect with a name like Wally?

Is this another creative way of saying the old classic "wow lolol algorithms why are we here?? Who else got this recommended lol like if you're here because of algorithm lolol!!"?

Thieieiess videoeoeoes issnnthhnnn't informative aaatteeee aaaalll!!

@@solmoman no, it's an actual problem. people get recommendations that fit their viewing habits. on youtube, google, facebook and so on. this creates a sort of feedback loop of echo chamber. it's a big societal problem because it helps spreading conspiracy theories and misinformation.

It also has one of the dumbest president ever.....

So what are you saying re GDP growth will be now?

Massive industry, man you are a bit delusional

Massive industry hahaha

@@gustavospagnolcampos1958 Indeed it's been suffering a lot in the last couple years and the current government is not doing enough to maintain the infrastructure, but you obviously can't compare it with the big markets, it's the largest by far in south america, even though it might be an even worse indicator for our neighbors..

Play stupid games win stupid prizes.

@@aminulhussain2277 yep. We have all won the stupidest prize for the stupidest game that the Conservatives ever played.

@@FullMetalAsh Letting people have a say on the relationship with Europe? How dare they.

@@0w784g the average person on BOTH sides of the camp was no where near qualified to determine the impact of Brexit before the referendum. That's why we elect MP's for Christ's sake. It should never have been a people's vote.

@@FullMetalAsh I actually agree even though I'm no EU fan. Binding referenda are literally unconstitutional which is why it was an "advisory referendum" to get around this and the PM had no intention of honouring the result himself which left us in chaos with a parliament hostile to leaving with no clear plan which the tried to get a mandate on a way to leave just to not get that mandate and end up with a minority government that was paralyzed for another two ! There should have been a clear sense of what 'kind' of Brexit at the very least in the Tory manifesto (Norway, Canada style etc.) but instead we got leavers of different stripes all claiming the vote was a mandate for their particular version of Brexit and causing chaos.

This is exactly what happened across the UK and the reason Brexit happened. The local people were being replaced with cheap workers from Poland and immigrants that entered and were legitimized through Germany. Then there is a surprise when there is a big demand that those people aren’t staying around. Companies got used to cheap labor pushing down local wages, having a labor shortage in the market is a good thing, it drives invention and drives up wages. Obviously if the government intervenes in it, then that drives up inflation (too much money chasing around too little product).

Yes, it is more nuanced than the video made out. For a start the government introduced IR35 which meant a lot of drivers decided to do early retirement or change jobs rather than pay all the extra tax, or take a pay cut by joining haulers as a permanent employee. This also affects lots of other private contractors, and therefore the economy. Because of the pandemic the driving licence testing centres were shutdown, so new drivers were not becoming available, this also impacted the NHS who couldn't get ambulance drivers to take the HGV test. I read recently there is still a backlog of 40,000 HGV tests to clear which were cancelled due to the lockdowns.

@@GuruEvi Couldn't agree more. People doing logistics work were suddenly suffering from lazy managers. Easy to use agency staff, minimum wages (I've seen the payslips), minimum training, accepting zero/ 4 hours contracts. Then others wonder why so many voted Brexit!

I have not enough clue how British working law works, but I just provide an example why here in Germany, we have a decent supply of lorry drivers: A. Companies, which train people, get a ton of benefits for each new trainee(they are called "azubi" Here, I hope trainee is adequate) and on top of that, the trainee is much cheaper to maintain during that time and is more likely to stay with the company. All of this leads to companies rather training new people, which will be payed less because even after they finished, they are still getting less payed than a driver with a lot of experience. B. Companies can rely on a broad number of logistics firms from the EU, which makes a lot competition and a good market adaptability C. It is super f hard and risky to employ illegals (foreigners or non foreigners) because a. Companies have to show their finances and b. If a person without adequate documents is controlled on the road, the penalties will be super high, not even talking about the reputation damage. Because of that, large scale employment of foreigners doesn't make that much of a difference because they too join unions and are subject to the regular laws. Because of this system, an influx of migrants isn't an issue for the wage but solves the issue of lacking personal for logistics companies. Of course we have the issue of a stagnating wages, but they are more tied to inflation and the poor tariffs negotiated between unions and employers(and many other factors, to long for this). So yeah, my question: why do you have issues finding new trainees on the island? Don't they have the same benefits like here in Germany? And how are foreign workers treated?

@@bomschhofmann1644 Interesting and I agree with your points. Foreign workers are treated the same way as UK workers, but they are prepared to work under conditions that UK workers thought they had overcome - no contract, short hours, poor working conditions etc. The logistics training schemes used to be very good but they have slowly been dropped, trainees don't often see the long term benefits, just the short term low pay. All of this is from my personal experience of course.

Thats a bit of an exaggeration but in places like london that is quite true

this is largely true of any western english speaking nation

In what world do you buy a house that isn't financed by debt?!

Easy to answer - over population. 10 million new people in 20yrs and little house building during that time (but no doubt the blind will just close their eyes and scream racist

I feel like this applies to many other nations right now, its a sad reality

THISS IS THE 2021 BRITISH ECONOMY AND I AM GOING TO COMPARE IT WITH ALL OF ITS QUIRKS AND FEATURES TO THE PREPANDEMIC ECONOMIES OF IT’s EUROPEAN NEIGHBOURS

And then I'll give it... a DOUG SCORE! 😂

😂😂🤣

Noooooo

And then, I'm gonna take this economy out on the road and see how it drives!

Well, the British people will wake up soon. All EU countries economies has starting to recover. Except Great Britain's. And Ireland has skyrocketed with a 14% record increase thanks to .. brexit....

You should have a chat with the crew of the Kinsella that's been docked in Hull for a year....

@jon b Oh, so now we are blaming the victims? You don't seem to have _ANY IDEA_ about what you are talking about. As only one example, do you know how much it costs to filling all the papers needed to export something since the brexit rules was implied? No you don't. Do you realize that the person who is ordering things from GB pays VAT + custom fees to get their goods? No you do not. That means that the same goods is much cheaper if they buy it from another EU country. Do you want me to tell you more about the _ NEGATIVE_ impacts of Brexit, Einstein?

British companies over the decades have had to close down because they could not compete with the European market fixing.

Your company closed down and fired 50 people but you havent really been paying attention to the British economy? what

I'm in the EU, Britain litteraly helped vaccination here, and in the words of the EU Parliament "this has been the best advert for brexit"

It more than likely is Brexit's fault but given the type of mindset and mentality that you are dealing with here, I doubt very much they'll ever admit to it.

@@neilburns8869 whatever helps you cope. I live in sweden, I just applied for citizenship, no dramas. Nobody has had any trouble in the uk that I know of, definitely not asked to leave. Yet I go on RU-vid and it's a disaster. Lol

So what is the eu excuse for an economy that was hit worse than the u.k ? Worst inflation than in the u.k? And worst vaccination roleout ? I wonder

@@neilburns8869 Judging by your mindset, you will never admit that the apocalypse didn't happen. I bet you love the pandemic to try and persaude people that any issues was due to Brexit.

That, all sides can agree.

I was waiting for season 6 of Brexit.

It's been a lull since Bercow went. You stick around mostly for the Boris memes now.

Too much cringe humour for my taste, couldn't watch past season 1

It is a long episode of Monty Python.

There have been more shortages in NI than the mainland due to the new red tape.

@@SimonEllwood of what? You can just drive a lorry across the open border with ireland? You can't do that in Great Britain, even if you had the drivers to do so.

@@sandycheeks7865 The shortages are of things like British Sausages and other items sourced from the mainland.

@@SimonEllwood : Why would people in Northern Ireland buy British sausages when the ones produced in Northern Ireland and the Republic of Ireland are far better?

@@celticlofts Ireland is British, and for whatever reason people in Northern Ireland have been buying produce from Great Britain which has been in short supply recently. What are the best Great British sausages you have tried?

But that wasn’t the question presented, so that’s a completely useless point to make. It was a question of national and cultural sovereignty and identity, despite the financial fallout

@@anthonyowens6446 you were tricked in believing that. it's really not at all like that. countries within EU are just as sovereign as outside of it, it's just that EU comes with recommendations and policies that basically only influence the economy, and in case of western countries, only for the better. the EU policies can have ups and downs for some of the countries in the East; but generally speaking, through brain drain, financing and regulations, it makes it so that sectors like production, agriculture and industry of the already developed countries, can outcompete these sectors in the less developed ones. to give an example, normally, it would be more efficient to start a factory in eastern EU due to low labour costs, ease of access to resources and possibly relaxed fiscalization. however, due to some of EU's policies, you can just as well build that factory in Germany, import the resources for next to no added cost and bring the same workforce to Germany. Should Germany feel less "sovereign" and should feel like its identity is lost cause some workers came there? It's retaining the capital, making profits, collecting taxes and so on.

@@plokijplokij97 Fined 200 million a year when they get 12+ Billion from EU as net profit (12B over what they spend on EU). You see, Poland was fined because they lost a process back in 2021, cause their Constitutional assembly that basically can overrule any law, is politically controlled, while the entire purpouse of it is to be outside of any influence from political factors. The fact that EU cannot control Polish legislation in any way and can only apply a fine (applied after trial) until they decide to fix this flaw in their democracy, is basically a statement of sovereignty. Poland can also choose not to pay, but of course EU funds will be affected. UK was by far the biggest benefactor of the brain drain of Eastern Europe, and yes, this is a problem for Eastern countries. However, this is not a reason not to be in EU, do note that Romanian and Bulgarian GDPs tripled since they've joined EU, and increased roughly 8 times since EU money started poring in 20 years ago, with the pre-adheration funds kicked in.

@@plokijplokij97 And no, UK did not leave EU due to any immigration laws, that's just a pretext that your elites told you, since they knew English folk are sensitive to that topic. EU immigrants were a huge economical gain to UK (on average, they produce just as much as the natives, but only take 10% in social benefits), The fact that now UK accepts way more immigrants (from outside EU), that are on average way older, way less skilled and usually come with families (bigger burden on the social systems), is just a proof of that. Of course this was all known to the ruling class, but they don't really care about your economy, they only care about getting EU off their asses on the tax evasion and money laundering (as EU was ready to implement new rules and regulations against that). Ask yourself why so much money were spent on Brexit campaigns, why every media outlet was supporting Brexit, why most public figures, especially shady ones, supported it? Where all that money came from? UK is the undisputed world leader in money laundry and tax evasion through the overseas territories, we're talking trillions of dollars/euros/pounds. You don't think that your overlods would lose such a lucrative market for the sake of the common people.

They didn’t use ‘baby’ talk.

A recession and long-term GDP projections aren't comparable.

@UCQhfOZdkk10gy9BdCpf9k_Q I don't think you know what you're talking about.

@@0w784g No they aren't because long)term GDP projection are far far worse! Recessions can be recovered from, the long term negative GDP cannot. It's not hard to see which is worse... Brexit is a continued drag on the economy.

@@tobiasL1991 Not sure why you're telling me this. I was just pointing out the original commenters foolish correlation of revised down long term growth and recessions.

@@0w784g What? No the correlation is correct. As recessions can be described in long term GDP damage. Like covid is -2% long term GDP and Brexit is -4%. The comparison is valid.

the one million aborted babies would have helped Edit: My mistake 6.3 million aborted babies that would have been born between 1969 (abortion legalized in UK) and 2004, all over 18 and of working age.

He has know idea.

Stability is the base of prosperity

@@thyrassword9698 ah yes, *child labor* is the solution to worker shortage.

@@thyrassword9698 you abort fetuses not babies.

Might have been a comedy classic for the rest of the world, but imagine having to live through that haha

How many people actually benefitted from freedom of movement? I worked without problem in Holland and France pre EU.

@@anthonymcguire3618 thousands

@@anthonymcguire3618 A lot. People in UK used to own a lot of real estate in other EU countries and could travel easily, but now they are fucked.

Most people don't value freedom-of-movement much. It's David Goodhart's "Somewheres vs Anywheres" distinction. Leave voters would generally consider the UK their home, and a core part of their culture and identity, and have no intention of ever moving abroad.

And inflation over 5%... "transitory" lol

Ha! Pretty much. I'm not saying the last administration was great, but the current one is probably a worst case scenario for leading a successful recovery.

And Shell are moving their headquarters from EU to UK now, what's ypur point?

@Nehemiah Scudder Mostly from the U?K to the EU.

@Nehemiah Scudder Royal Dutch Shell and Unilever - just 2 examples from just one EU country that are moving from the EU to the UK. The EU has back-peddled on their threats to end The City's dominance of the banking clearing markets as they've realised they don't have the skills to deal with, extending the UK's dominance of that lucrative business. There are multiple examples of changes in both directions but only the end of the distorting pandemic and the passage of another decade will give a true indication of the success or otherwise of Brexit. The only certainty to date is that the doomsayers predictions have spectacularly failed to materialise to date....

@@dw8609 Keep drinking.

@@sueyourself5413 And you lost. You cannot accept it but the reality is "You are a loser!" Fact! Both in the referendum and as a Brit - if you believe your own rhetoric..:-)

Wouldn't be interesting because if you watched more than a couple vids by him you should know how heavily biased he's going to be on such matters. Might as well ask a Jacobin if he thinks the decimalization of the week and time was a good idea.

It was definitely inflationary, 10/- and a pound note was a sort of "money', ie.... I promise to pay the bearer. When pound notes became coins, the coins were easily counterfeited with lead and gold coloured paint spray. These counterfeit £1 coins used to weigh down the pockets of taxi drivers on a Saturday night. All you could do is pass them on till the paint rubbed off the edges.

You don’t honestly believe that our moronic Sun readers could cope with::- 12 pennies make 1 shilling, 20 shillings make 1 pound. do you ?

pretty much same thing about weights and measures ..

It's so simple to see how we were conned into decimalisation.. If you spend 100 pennies of your pound today, you have nothing left.. Pre- decimalisation, when we spent 100 pennies of our pound, we still had 140 pennies left, don't have to be a rocket scientist to work it out..

That would be an excellent video! We want to know what to do with you bags mostly filled with water when we take over. 🤖 P.S. Have you seen our dance video? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fn3KWM1kuAw.html

you will own nothing and be deeply depressed.

If everything is fully automated we'd probably be in "Elysium", Marx's dream Utopia; everyone can do whatever they want without worrying about much, "Star Trek" or "The Matrix".

@@ndricimhalili9793 I use to Dream of such things as a child, now I feel our future is probably more mad max or something like that

@@hamishgaffaney5323 same

Probably because it wasn't very serious, at least not to the majority of Britain

You lost. Please stop whining.

@@E14Art No, we all lost. It's not a football match.

@Spudman I work in the education sector. As a direct result of Brexit I've lost work, contacts, goodwill. If you call yourself British, but will happily watch our services sector, farmers, fishermen, hospitality sector, etc all suffer you are not a patriot to this country

@Spudman better question; what have you personally gained from brexit?

good luck with school :)

Good luck! Cheers from Brazil!

Good luck, brush up on your calculus.

Good luck! They'll definitely put you on the front counter of Macdonalds with that. I got myself a late degree 30 years ago. Since when I've earned more from my driving licence.

Hey, randomly saw your comment and felt compelled to share: I'm 35 and I'm back at school this year, starting an education degree. It's scary and hard in a way, but I feel proud of myself and I'm looking forward to the future. My first semester is already almost over, time flies. Best wishes for your degree!

Yeah, i read about those, apparently those drivers now understand their worth and are demanding higher pays with better benefits. Basic economy for sure but tricky situation for the UK.

in all of the EU there is a huge shortage of drivers, not only the UK + due to the shortage they ask and get more money

He also said the UK has "robust laws" and a "functioning democratic system". Biggest laugh I had this week (given the week is still young but still)

Last time I checked, less than 200 drivers took up the visa scheme. Roaring success

I read they got 27 applicants, so that visa scheme didn't work out well.

Living in London I've seen empty shelves for a few weeks. Fully stocked now though.

Australia have single seat elections that elect the government from among themselves so it's as democratic as his homeland

I prefer (no pun intended) preferential voting, but it’s far from the only country with “first past the post”.

compare to the rest of the world it's great

@@catmonarchist8920 slight but also major difference. Voting method. Our method of preferential voting is far, far better than the First Past the Post voting in the UK and US. In australia that candidate the most people prefer gets in. In the UK there are seats which are won with 30% of the vote due to vote splitting from different parties. With FPTP voting for your favorite choice might mean your least favorite wins the seat. With preferential voting you can list the candidates in whichever order you want and your vote won't help your least favorite candidate get into office.

@@santaclaws1501 I agree in theory that it is slightly better but in practice they result in the same outcome. The UK did models leading up to the 2011 referendum on preferential voting and found that from 1979-2010 only one election outcome (1992) would be different. Same thing for the French two-round system. The major difference would be fewer Nationalists as the unionist vote is split three ways so the SNP win on a majority. Ironically, the Tories who fought against reform would have probably been better off in 2015 with second preferences from some LibDems, most of UKIP and unionists in Scotland and West Wales.

Certainly not talking about the USA!

👏👏👏

i think there are a lot of points not mentioned in this assessment and considering the title of the video "How Has Brexit Been Going?" i would have expected a bit of different content. the titel of this video would be better "brexit is not that bad at all"

OBR assessment, UK economy down 2% do to Covid, and 4% do to Brexshit and no any good news in near future ENJOY your Sovereignty, move on and get over 🤣🤣🤣

Correct. Brexit still isn't done because not all customs and sourcing rules have been fully implemented (particularly by the UK) and financial services will still continue to be moved into the EU due to regulation.

@@AnexoRialto Not sure how financial services move due to 'regulation'. Perhaps there'll be short-term blips (aka France), but as seen almost everywhere throughout the 20th & 21st centuries, most financial services will quickly unshackle themselves by moving away to avoid regulation.

Harry Potter refrence

"There is no war in ba sing se"

Britain says calmly, with trembling upper lip😱

"It's going very well indeed" Britain screamed calmly.

@@dragon1011dk The emperor invites you to Lake Laogai.

Oooooh nasty

So? Why is your country not employing its own people?

If UK transport companies had paid decent wages this problem wouldn't exist.

Yeah, that sounds more like an issue stemming from Covid. If a job requires you to drive around hundreds of people in a confined space there should probably be some kind of hazard pay during a pandemic.

You spelled nightmare with a k! Harry Potter joke?

First you have to separate the Men from the Boys. Let the Serbs have their own independent political entity as they wish, and the rest will fall into its rightful place.

@@donhuang9855 yes lets cut bosnia in half and create 2 serbias, genius.

where common sense ends,Bosnia begins

@@salihz3792 Who said anything about creating two Serbia? The Serbians in Bosnia are perfectly capable of governing themselves as an independent political entity of Serbian speaking nation, akin to what Scotland is to the UK, or alternatively this newly Serbian political entity created out of Bosnia's land could be integrated with Serbia.

@@donhuang9855 ratio

Yeah, I've often thought politics and democracy should be part of the UK's education curriculum, then they have not have been taken into this racket called the EU.

@@jasonkingshott2971 if people were educated then it would be the opposite, uk lost a lot more than it gained by leaving. I saw nothing wrong with the EU membership and deals.

It's absolutely ironic considering the Internet is supposed to be a fantastic resource for nearly limitless knowledge of our world (or so some people claim it is).

@@allytank-itykitty7417 Well, the democratic majority of the UK disagree with you!, ah, democracy such a nasty word in the dictatorship.

Other than a few ques at petrol stations a few weeks back, nope. I even managed to book a hair cut tomorrow morning with no issues and saw my doctor the same day I called. XD Miracles?

I'm in Nottingham and it's only the Co-op that's been struggling and even they are nearly back to normal. All the other supermarkets have been fully stocked for a while now

The fuel shortages were caused by fuel companies reacting to the government threatening to raise fuel duty ie tax. It was not supply unlike natural gas which is caused by green policies favouring natural gas as there has been no new nuclear and no coal.

@@jwadaow no new nuclear? What about Hickley point c?

I'm in the North East of England, and I've seen no major shortages. The fuel 'crisis' lasted about three days cos a load of sheep panicked.

Not harsh enough

@@richardreger6026 What a childish comment. Grow up

@@Bertie22222 what

@@baizuo_6246 What what?

@@Bertie22222 why did his comment make you say ”what a childish comment. Grow up”. Sounds like you got offended

Hello bro, Chilean here, sadly, i think we are going to the same place that the rest of Latin America are heading to, because the people doesn't know anymore what got Chile to one of the highest point in the history of the continent, and are heading exactly to the same steps that put down the other countries.

@@bg8561 Sadly the trap that is populism is taking root in Chile.

@@AirShark95 yep

The Chilean economic miracle is a myth, it's very easy to experience rapid economic growth when a country sells all of its natural resources to foreign investors, ignores all social development and forces its population to become heavily indebted to even live. The true economic reality of Chile is finally becoming apparent in its society though.

I was in Chile a few years ago. Sadly I saw the whole narrative about Chilean success was a lie. I've never seen so many "ambulantes" in the streets not even in poorer Argentina or Peru.

Soon very soon

Any day now

There'll be issues, but nothing long term. I remember rejoiniacs crying about exports and how we're all doomed and look at the ports now, no issues.

@@simonrodgers2375 yeah no issues because nothing is implemented

@@Markus-zb5zd I mean countries who do have import controls dont see issues.... Import controls arent going to change much

@@lilbrit1019 import controls by the brits,... for imports to the UK,... not for exports out of the UK

@@Markus-zb5zd Import control by the Brits would only hurt the Brits. What do they even export?

Don't forget breaking the shackles of the tyrannic metric system!

@@suakeli The tyrannic metric system is the de facto standard everywhere in the world. That even includes the USA when proper stuff is considered.

I hope you don't let this stand alone - it's superficial and not very precise

4% drop in GDP due Brexit. 2% drop due the pandemic. Source...Office for National Statistics/Office for Budget Responsibility.

@@californiadreamin8423 why dream of California. Just sell up and move there if this country is a fucked as you think..

@@pauln0371 Now then Paul, you’re beginning to sound like Billie Pipers Teeth. I have as much right as you to point out facts, and my taste in music has nothing to do with a desire to live in California. You’re right though, this country is really fucked up, and I’m not afraid to admit it.

@@californiadreamin8423 Not the most objective sources you use there..

No it didn't, the same leftist ideologues who opposed Brexit are the ones saying how bad it is now. The people who voted for Brexit haven't changed their minds.

@@jdg9999 keeps telling yourself that. The hard liners haven’t changed their minds. The people who would have voted UKIP and believe all the bollocks and the sun and daily mail. But a lot of the people who went into the vote on the fence and we’re convinced to vote brexit regret it. I know plenty of people like that. There are a lot of people out there who feel lied to by the leave party and by leave supporters who spread complete bullshit on social media.

@@JimLadBossMan I am sorry but I don't believe you know plenty of people who regret voting for Brexit.

@@remainertears if you were sorry then why did you say it 😂 I don’t care if you believe me man but when you think of all the promises the leave campaign made and hasn’t been able to deliver on and all the chaos it’s created don’t you think it’s possible that a lot of people would have changed their minds? Especially now they don’t have Cambridge analytica spoon feeding them custom made propaganda on a daily basis anymore 🤷‍♂️

@@JimLadBossMan Most remainers think they're European elites and elevate themselves, very arrogant and egotistical. I don't know why, most of you are small minded.

@Zockblatt Shickleblender Meanwhile losing many billions times more with needless tariffs, export barriers which have damaged local fisherman, and manufacturing, not to mention the millions of pounds lost paying politicians to execute Brexit itself. It’s nationalists like you who want to keep the planet in the Stone Age. Unless you’re a Bot, which would explain much about your last comment.

I didn't vote for Brexit but there should be some good things - like being more flexible, and being able to take the immigrants you need when you need them. But the government is just doing really badly at taking advantage of those things. Also there is a legit point that EU has become more than just an economic union - which is what people originally voted for all those years ago

@@robertwilson3866 Same here. I didn't vote for it but there are pros and cons and there are also the less tangible aspects of identity and autonomy.

S B Primarily ...To get OUT. And we are OUT! Successes or failure which follow are either a bonus or small price to pay. WHAT economic pain? You're making it up to try to win a point? See what Frau Merkel has said and blush over your lies and Project Fear. Dutch Shell, just voted with its feet.. Merkel :- ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3qSAwWBI5MA.html

@@MauriatOttolink I'm not sure what side you are on in this matter. Personally, it's not my country so I have not vested interest other than I like to see large governments like the EU defeated. The video alludes to economic issues but doesn't talk about any of the societal pro's or con's. Are the people happy or sad with the outcome? I have no idea from this video and I would like to know.

@@robertwilson3866 Thanks for sharing. That's what I'm wanting to know more about. Besides the money involved, what do the people think? Have the "costs" mentioned in the video outweighed the benefits?

I think that's how most of us feel about brexit mate. Don't sweat it 😂

It's half arsed. To say there are petrol shortages now is just wrong. To not acknowledge shortages of drivers in the EU shows a bias narrative. Referencing the Centre for European Reform for an indication of the impact to the UK is laughable.

That's because his video aren't that good. There flashy and well presented, but low on substance.

You shouldnt assume to learn much in a video on this channel anyway.

@@GrimUpNorth_yt biased towards what? The guy is an Aussie, he doesn't really have a horse in the brexit race as far as I can tell.

Yes and having to pay VAT on s/hand formerly owned collectible items for mailing where tax has already been paid.

@John Smiff Have you figured out yet what and who has benefitted from leaving the EU? also the EU officials are actually elected. If thinking about lack of real democracy look at home.

We (company from the US) stopped shipping to the UK since they started enforcing VAT on things that didn't used to be enforced. We were basically told packages not showing a VAT ID would be rejected by customs. However, our sales to the UK didn't justify the added expense of maintaining a VAT calculation and collection system, and the accounting and reporting overhead. Can't tell if this was intentional economic protectionism or accidental shooting themselves in the foot.

@@likklej8 No you joke, most of them are not elected actually, especially the ones with power.

@John Smiff , "Guess it all depends on the products your company is exporting. Probably won't be anything we're desperate for, so I'm sure we'll be ok." You have this smug attitude. Literally UK citizens are wanting to buy, but the rules put in place prevent that. Never did I act hurt by it, just stating facts. Main people hurt are the UK customers wanting to buy. You have this political bias blinding you to some obvious deficiencies in the actions taken. Burning down all bridges to suit your bias isn't a good long term strategy, just saying. Way to represent your country with class ;-) "Probably won't be anything we're desperate for" Also not sure if the best strategy is to only be concerned about what you'd be desperate for, lol. Only core things count towards that category, whereas a lot that can be considered increased standard of living does not. You're literally arguing a decrease in standard of living is fine since your main goal is achieved. Not sure that's a particularly solid argument.

...in the middle of the Atlantic, even

It would appear so.

When compared to its most fertile areas, almost all of the earth's land could be described as relatively barren. For example, I live on a relatively barren rock between the Atlantic and Pacific oceans.

its akin to one though, which is the point....