The Rest Is Money 117. How Much Did Brexit Cost The UK?
21 snips
Dec 2, 2024 The financial fallout of Brexit is laid bare, revealing staggering potential costs of up to £300 billion by 2035. Delve into the detrimental effects on businesses and trade with the EU since leaving the single market. The podcast also discusses the contrasting perspectives of global investors on post-Brexit UK and the urgent need for a national skills service to prepare workers for an AI-driven future. The conversation emphasizes the importance of fair media representation in public decision-making processes on critical issues.
AI Snips
Chapters
Transcript
Episode notes
University Collaboration in North East England
- Five North East universities are collaborating with local authorities to address low higher education participation rates.
- This initiative aims to integrate further education, businesses, and universities to boost regional economic growth.
Politics of Taxation
- Increasing National Insurance contributions for businesses taxes those employing more people rather than those making more profit.
- The government avoided raising corporation tax due to political optics, aiming to appear pro-business.
Corporation Tax and Investment
- Higher corporation tax can deter international investment, potentially impacting UK growth.
- The UK needs to balance attracting international businesses with retaining domestic ones.