The Brexit effect: how leaving the EU hit the UK | FT Film

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Published 2022-10-18
The UK's recent disastrous "mini" Budget can trace its origins back to Britain's decision to leave the European Union. The economic costs of Brexit were masked by the Covid-19 pandemic and the crisis in Ukraine. But six years after the UK voted to leave, the effect has become clear. In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.

Produced, directed and edited by Daniel Garrahan

#brexit #ukeconomy #business #EU #europeanunion #Tories #conservatives #Labour #labourparty #ukip #britain #ukpolitics #UKbusiness #liztruss #BorisJohnson #kwasikwarteng #KeirStarmer #jeremyhunt #NigelFarage #UK #unitedkingdom #news #uknews #currentaffairs #bondmarket #gilts #sterling #tradebonds #markets #financialmarkets #finance #investing

00:00 - The Brexit effect
01:41 - The economic impact
04:40 - Brexit and business
09:45 - Britain falls behind
13:45 - The labour market
15:05 - Northern Ireland conundrum
16:50 - The conspiracy of silence
18:57 - Winners and losers
21:17 - The Brexit 'dividend

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All Comments (21)
  • @mrfarax4944
    As a Dutch person I thank the English for this experiment, we had some corners in our country who wanted that as well. But thx to you guys we don't even talk about leaving anymore
  • If you leave a union, you are no longer entitled to the benefits of said union. What a shock.
  • @megaconstans2425
    So I divorced my wife but I still do expect all the marital benefits.
  • @LutzHerting
    Looking at this whole mess from the outside, it is seriously weird to still hear people (including critics) say "We are treated as a third country now." ... You aren't "treated as a third country", you ARE a third country. Becoming one is literally what you voted for in the first place.
  • Hilarious, so worried about the Polish stealing their jobs now they just have the whole company in Poland 😂😂😂😂 😊
  • I have zero sympathy for the business owners who say "I was in favor of Brexit but didn't know that it would be so hard to export and import afterward". That was repeated over and over again during the debates before the vote. It's not that you didn't know. It's that either you chose not to believe what you were told, or you didn't care enough to pay attention. * edited to fix spelling *
  • @jave2274
    As a EU-Citizen, i am so happy we didnt bend over for UK after brexit, just to keep them friendly or something. It was one of the few moments we really acted like a union and showed the rowdy kid the way out.
  • @extramild1
    As an Irishman watching Britain turn into Argentina Upon Thames is just hilarious.
  • They were told, "We send so many million Pounds to the EU everyday. " They never asked, "How many million Euros does the EU send back to us? "
  • @Nelson373737
    I'm a Portuguese Mechanical Engineer that worked 10 years for a lorry diesel injector industry in Suffolk, developing and improving the production system. The improvements that I developed had a return for the company of almost 1million pounds per year... although I paid all my taxes I had 2 English neighbors knocking my door to leave the country because I was taking English people's jobs. Good luck now.
  • @robin-30
    As a British national, Brexit is a deeply painful embarrassment of Trumpian proportions. Please don't forget that there was a lot of English people that fought against this and lost, myself included. This resulted in families splitting and the ongoing anger and sense of betrayal I continue to feel as we watch the completely predictable results play out.
  • I used to buy products from Britain fairly regularly, but I've stopped doing that, because I pay a 25% import tax,which I simply am not willing to pay.
  • @twofarg0ne763
    I'm a retired American who moved to France 6 years ago. Quite frankly, I have zero sympathy for the older generation Brexiteers; you made your bed, now sleep in it. I do, however, have great sympathy for the younger generations of Brits; they realized what the impact was going to have on their lives. Whereas the older generations only care about keeping their short-sighted sovereign greedy mentality in place, the younger generations instinctively knew that you need good business relations with other countries in order to get the things you want and need.
  • @bijhua
    How anyone voting for Brexit believed that you can “divorce” but still remain “friends with benefits” is beyond any form of imagination. Childish actions often have bitter results.
  • „We didn’t start to dig into the questions until Brexit was done.“ Even for a lay person the fundamental economic questions were clear in 2015 and the lack of answers was evident. The young generation of Brits were royally screwed by the pro Brexit politicians and the xenophobic retiree generation that feared the impact of cheap non British laborers.
  • @loneprimate
    I'm utterly stunned that so many people failed to grasp such a basic concept as "dumping the system that enables you to trade freely implies you will no longer be able to trade freely". I admit it's a bit more abstract than "stepping off the building that keeps you from falling to the ground means you'll fall to the ground", but honestly, not much more abstract. I do feel sorry for such people... but not so much for what's happened to them as that they're that lamentably stupid.
  • @kdis1977
    As a Scotsman, I am so sad that Scotland was dragged out into this mess even though as a country we voted to stay in the EU.
  • As a French EU citizen, i feel only sad for the Scottish taken away against their will and also for the young British generation deprived of all the EU benefits.
  • @lanwish
    The funny thing is that, outside the UK we knew that is gonna happen after Brexit. Everyone knew it, except the ones who voted for it. Just fuckin epic
  • @malligrub
    The devastating irony of life eh...The "greatest generation" so willingly gave their lives for their children's and Britain's future and that very generation of children, the wealthiest and most privileged to ever exist are the most instrumental in dashing the hopes, dreams and future of Britain and their own Grandchildren