Economist Podcasts Exit-stage plight: Brexit’s costs come due
Feb 12, 2021
John Prideaux, Brexit editor for The Economist, unpacks the significant economic impacts of Brexit, revealing the ongoing trade complications and red tape hampering businesses. He highlights the shift of stock trading to the continent and persistent border issues. Daniel Knowles, the International correspondent, draws a fascinating parallel between societal risk aversion and the daring nature of wingsuit base jumping, exploring the psychology behind thrill-seeking. Meanwhile, Kenya's flower industry emerges resilient in the wake of the pandemic, adapting through innovative online sales.
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Brexit's Real Costs
- Brexit's impacts are becoming clear: stock trading shifts to Amsterdam, businesses face red tape, and border issues persist.
- These are more than "teething problems," signaling a complex adjustment for Britain and Europe.
Financial Shift
- London's automatic trading rights across Europe are gone, causing share trading to shift to Amsterdam.
- This shift will likely continue, impacting jobs and financial activities, with London losing European business.
Trade Troubles
- British exporters face red tape and obstacles, like shellfish exporters being blocked and truck drivers lacking papers.
- A British Chambers of Commerce survey revealed half of exporters struggle with new bureaucracy.