The Intelligence from The Economist Exit-stage plight: Brexit’s costs come due
Feb 12, 2021
John Peete, Brexit editor for The Economist, offers keen insights into the substantial economic and political ramifications of Brexit, highlighting trade turmoil and the migration of stock-trading to the continent. Daniel Knowles, an International correspondent, explores the adrenaline-filled world of wingsuit base jumpers, shedding light on risk-taking psychology. They also discuss the resilience of Kenya's flower industry, which is bouncing back post-pandemic, navigating supply chain disruptions and adapting to new market demands.
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Brexit's Economic Impact
- Brexit's impacts are becoming clear, with Amsterdam overtaking London as Europe's top share-trading hub.
- The UK faces economic struggles, including a record drop in output, despite government assurances.
Shift in Financial Activities
- London's automatic trading rights with Europe are gone, causing share trading and other financial activities to shift.
- This shift, primarily to Amsterdam, will likely lead to job losses and relocation of banking activities.
Trade Troubles
- British exporters face problems with new red tape and customs procedures, impacting trade with the EU.
- A British Chambers of Commerce survey reveals half of UK exporters struggle with these new barriers.