The Intelligence from The Economist Separate weighs: Brexit, one year on
6 snips
Jan 3, 2022 
In this insightful discussion, Samaya Keynes, Britain’s economics editor, explores the tangible impacts of Brexit, revealing increased trade friction and regulatory challenges that continue to unfold. Kevin Young shares his personal narrative of navigating life amidst COVID-19, reflecting on the ongoing struggles of the clinically vulnerable. The conversation also touches on the cultural significance of Singapore’s last rural village, highlighting the tension between urban development and community heritage. Together, they provide a multifaceted view of resilience in changing times.
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Brexit Promises
- Boris Johnson promised easy trade with the EU after Brexit, claiming there would be no tariffs or non-tariff barriers.
- He emphasized Britain's ability to set its own standards and control its laws.
Brexit Trade Impact
- Brexit has added friction to trade, particularly for goods from Britain to the EU, despite initial promises.
- Think tanks estimate Britain's overall trade is 11-16% lower than it would have been without Brexit.
Impact on Services
- The Brexit deal inadequately addressed services, leading to new visa requirements and unrecognized qualifications.
- Uncertainty around data flow and temporary arrangements further hinder trade in services.