Merryn Talks Money

Is Brexit Truly to Blame for the UK’s Problems?

Sep 22, 2023

Is Brexit to blame for the UK's problems? Guests Robert Colville and Julian Jessop discuss the short-term damage caused by Brexit, such as friction with trading partners and political uncertainty. However, the long-term harm is uncertain. They explore the impact on the UK economy, debunk myths surrounding Brexit's negative effects, and highlight the need to seize opportunities. The podcast also delves into Brexit's effects on political stability, the future of reconciliation, and the rise of the canist state.

46:40

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Episode guests

Robert Colville

Julian Jessop

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Episode notes

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Quick takeaways

Political uncertainty caused by Brexit has hindered business investment and made decision-making more difficult.

The negative impact of Brexit on the economy has been less severe than feared, with overall net migration remaining high.

To unlock growth potential after Brexit, the UK should consider tax cuts, investing in infrastructure, and improving regulatory framework.

Deep dives

Brexit has contributed to political uncertainty and a lack of stability in the UK

Brexit has resulted in a churn of prime ministers and ongoing political rouse, which has affected stability and made long-term decision-making more difficult. This political uncertainty has hindered business investment and created a risk premium on UK assets.

Introduction

2min

Money Supply, Inflation, and Interest Rates

5min

Is Brexit Truly to Blame?

5min

The Impact of Brexit on the UK Economy: Debunking Myths and Highlighting Opportunities

27min

The Long-Term Impact of Brexit and the Future of Reconciliation

3min

Brexit's Impact on Political Stability

8min

The Role of the Canist State and Being a Small State Advocate

2min

On this week’s Merryn Talks Money, host Merryn Somerset Webb poses the question of whether Brexit has actually harmed the UK economy as much as some may think.

The answer is discussed by her guests: Robert Colville, director of the Centre for Policy Studies, who voted for the UK to remain in the European Union, and economist Julian Jessop, who voted for the UK to leave. They agree that—in the short term—it’s hard to argue there isn’t some damage, given the friction the UK has created between itself and one of its major trading partners. Brexit has also added to political uncertainty in the country over the last few years. But what’s less certain, they say, is how much harm has been done by Brexit.

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Merryn Talks Money

Is Brexit Truly to Blame for the UK’s Problems?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Brexit has contributed to political uncertainty and a lack of stability in the UK

Brexit's impact on the UK economy has been less significant than anticipated

Focus should shift to policies that promote economic growth

Brexit's long-term impact and public perception

The need to move forward and prioritize growth-oriented policies

Remember Everything You Learn from Podcasts