Trade After Hard Brexit: WTO Rules Explained
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- There has been a lot of talk about World Trade Organisation rules coming into force after Brexit. These are the rules and principles which would guide the UK's trade relationships after leaving the EU. So what will trade be like for the UK after Brexit and how will operating under WTO affect the UK?
Brexit Explained Playlist: goo.gl/8VNcEi
EU Single Market Explained: goo.gl/eRLvoY
EU Customs Union Explained: goo.gl/UKjjjd
EU Free Trade Area Explained: goo.gl/ZbukzP
What Will Happen to the UK After a No Deal Brexit?: goo.gl/abfRmS
Hard Brexit Explained: goo.gl/FaLjvD
Let's have a referendum on leaving the WTO. 😂
And about the world bank giving everyone a million pounds each
Little England going at it again.
@@aaaak4 you do know I was joking?
It not little England, It brexit Britain
Lol calm your tits,shitty little england is not that important enough for people to care about
Switching from EU-rules to WTO-rules is very similar to switching back from your Android phone towards your old Nokia:
- Even though you loved your old Nokia back then more than you love your Android now, and Android has all kinds of unwanted features, an Android-phone will objectively perform every task better.
- The rest of the world still progressed into Smartphones with modern apps, and has become less and less compatible with your Nokia
- Theoretically though, it is still possible to have all modern phone features on your old Nokia, but you probably need to replace your phone components and turn it into something that is very similar to an android phone, but will probably suck and cost more.
I think you've stretched this analogy beyond its elastic limit.
@booseyhey I can't wait to see all the great deals you get while other countries are busy enjoying 10-35% tariffs on your export dependent agriculture industry.
Better analogy: you don't like your Android. You start to miss your old Nokia: thankfully, there's a guy Nigel says he'll get you the best one ever made eventually. You chuck the Android and head to the nearest Irish pub to start a fight.
@booseyhey Hey that's a fair answer.
@booseyhey i dont knwo what kind of dvd player you got but i never had a problem in scanning directly to a single point....
Terrible analogy
AS a Canadian some of things Breiters say sound ridiculous. The UK outside of the EU is not a big player, about 60% larger GDP than Canada. We know what it is like to be a middle power where countries like the US can ignore the WTO because no one can force it not to. The UK will get the same bullying from the US that Canada gets except that Canada is much more important to the US than the UK is because it has resources the US does not have. UK exports are not that exceptional and its market not that large. The claimed freedom to make deals will be the freedom of a middle sized economic power with little in the way of products that can't be sourced from competitors. It has few natural resources and little that have world market value.
Its not about power. only bullies use power like the EU trying to break up the UK Northern ireland is part of the Uk and its people want to remain so. . You also talk about the EU tarifs on uk goods but you dont point out that the uk will be doing the same to EU goods.
The whole point is that is not likely that UK is going to be better by its own. The bigger fishes eat the little ones.
ernest rogen the people of Northern Ireland wanted to stay in the EU, only a bully would ignore their wishes!
@@ernestrogen4639 Eh not all here in NI want to remain in the UK never mind leave the EU,and that is increasing each time a Tory or DUP opens their delusional mouths...
@@porcupineinapettingzoo the UK is the bully. Scotland and Ireland want to stay and the English are making them leave!
Thank you for making this series of videos, they're always clear and concise and cover many specific otherwise unthought of topic. I just wish that more people on both sides of the argument would see them, only so that people could be more accurately informed
Based on the criticism we get in the comments, there's definitely a lot of brexiteers watching. The only issue is they don't believe the facts presented even when they do watch...
I suppose that's what happens when emotions run higher than a structured and well presented debate, not to mention one that's consisting of lies and mistruths.
I'd be very happy if a lot of Brexiteers did watch this, but actually listened to the arguements put forward
+The one and only Jay mysterio ya nan
You were never in the EURO, you are leaving the EU.
I am not going to place a bet on whether it will be a hard or a soft Brexit, but when I read the resignation letter sent to the EU on march 29th 2017 the UK proposes a kind of soft Brexit including a free trade agreement with the EU. You may not have voted for that, but it is the official declaration of the UK to the EU.
Ever considered the fact that a shed load of people don't concern themselves with how businesses carry out business? Ever considered the number of people who are prepared for businesses to fill out customs and excise paperwork regarding the bi-directional flow of goods? Ever considered the number of people who actually want their leaders to be replaceable every 5 years if they choose to do so? Ever considered the number of people who don't care how much farmers need to pay their crop-pickers in the picking seasons? Ever considered the number of people who don't want Brit forces to be a part of a european military? Ever considered the number of people who don't want their taxes to be paid directly to Brussels after 2025? Ever considered the number of people who don't want a single "EU president" representing both the commission and parliament thus undermining the separation of powers? I could go on but it's not necessary to point out that the EU is a living, breathing organisation that changes on a minute-by-minute basis so when you voted 'remain' you actually voted to be continuously and unknowingly changed and further changeable...according to somebody else's unknown timetable and extent.
Don't kid yourselves that "being in" is better...you have no fucking idea!
1000 sighs
There will not be a second referendum. The bar for making an 'informed decision' would be evern lower than for the first referendum as the details of the final deal are not known.
221 people think that if you ignore reality for long enough, it will just go away
1) Please watch the video. If you want to trade under WTO rules it is impossible.
2) There would need to be a significant change in the business model to whole lot of industries. It means new factories, new financing, new logistical networks all expensive investments that any
3) No there is no such thing. It is the hope of Liam Fox, but it is looking very unlikely, as the rest of the countries sense that UK will be desperate and would like to use this in their own advantage. (again it was mentioned in the video)
If having basic knowledge on the subject, there is no denying that No-deal Brexit will be hugely damaging for the economy. Hugely damaging. The financial crisis hit the Brits with an average 1,8% for 4 years.
The only thing I complete agree with you is that the 2,6% projection is completely false. No deal will command a way higher price tag.
If something is worth that is a discussion, however the ways things are going England is going to become the European Puerto Rico and de facto rule taker to US (as opposed to shared rule maker in EU). Ireland will finally be united and Scotland independent.
Now its 98.
Carl New. Independence? On what globe do you live? Today, we are all depending upon each other, globally. Brexit shows this very clearly. Haven't you learned anything from the last two years? Brexit will lead to LESS independence not more.
Carl New
To answer more clearly on your point 1) - reimbursing your exporters to invalidate tariffs is a subsidy and only allowed as set by the UKs WTO schedule which in turn is subject to objections. If the UK subsidizes above it's schedule, punitive tariffs are allowed to retaliate.
+ Carl New
As I have pointed out, WTO limits "state aid" as you call it. Subsidies are part of the schedule submitted to the WTO (see video). If a country aids too much, punitive tariffs are within the regulations of the WTO (e.g. anti-dumping-measures)
Thanks for the concise yet depressing explanation. Why we left this to a referendum of non-experts (including myself) boggles the mind. Why dont we have a referendum on what to do with the large hadron collider next? See if the electorate can vote us into a *literal* black hole this time.
True. That's why most democratic governments are opposed to a binding referendum. And well, the collider does cost a load of money, and what do we get in return? I say Nay. There should be an emoticon here...
jim bob
With that approach Jim, I suppose you would be in favour that none of us should be allowed to vote at general election because we don't understand all the details and ramifications of the manifesto. Perhaps we should not be allowed to sit on juries, and the judge sitting alone should decide as he would count as an 'expert'? Slippery slope, by friend.
@ger du 3 referendums? Are you making stuff up again? Project fear? Can you tell me what the 3 referendums were and the results? Thanks.
Experts can only decide on "facts", and there are no facts that say unambiguously whether it is scientifically right or wrong for the UK to be in the EU. Its an opinion thing based on feelings and values rather than facts. Any "experts" in this area would only have bias. If there were a question about whether to fund the large hadron collider or not would you really ask the experts? aka the scientists whose salary depends on the funding? No way, you would ask the taxpayers if they thought it was a better use of their tax money than e.g. health or education. You ask the experts about Brexit and they will say we need another couple of million to think about it and in the end they will give a mix of opinions depending on their political affiliation.
You should not be allowed to vote on the large hydron collider because of the following: 1) by your argument you show you do not have any clue about the scientific concepts of particle accelerators. Black holes? Really... that is just some scaremongering hoax / fake news stuff. 2) you will leave the EU and the LHC is in the EU + Switzerland so definitely not the UK. 3) as a EU citizen i think you have betrayed one of the concepts of the EU (stronger together) so bugger of to your island.
It will be a lesson of humility for Britain like we've never seen before. One cannot change history, one cannot change geography.
Brexit is changing history
Daniel Porter sure is a historical fuck up.
Yeah sure, stop living in lalaland and see the EU for what it really is. A bunch of bureaucrats deciding on peoples rights. Those that call it the EUSSR are not far from the truth.
@@pospouris Only three letters.
Exactly why the EU will fail. Each time Germany rises it falls. Geopolitics ! The UK leaving is not the flashpoint but will set events in motion that contribute to the collapse.
Fortunatelly, every Brexiter considered these facts carefully before voting.
👍😂😂😂😂😂😂😂
@@eezy251able its not corrupt, even Johnson is more corrupt since he wants a "Australia Style Deal" with the EU althaugh the EU has no deal with Australia
MisterLGaming I think that’s the point lol
@@eezy251able You do realise no EU law is brought into force without first being voted on by democratically elected representatives i.e. exactly how the UK Parliament works...
@@TheASMRCyclist That's a brexiteer lie. Won't become true no matter how many times you say it...
It's like we're all in a prison called Earth, and you just left your gang because you felt you were pulling too much of the weight in various courtyard brawls. Only now you're alone, in the showers, and every gang in the yard wants to see you suffer for their own benefit, including your old gang.
Don't drop the soap.
Perfect analogy
Depressingly true analogy
You guy's are something special lol🤣🤣🤣🤣🤣
To continue the analogy, the only person from the old gang who is bigger than us is called Fritz, and we are on quite good terms with him as we like his cars. We are big enough to beat the crap out of all the others, and if one of them drops the soap in the shower, well, you can't be too fussy these days.
chris dee the gang has about 5 members of your size, one a lot bigger. It has dozens of other members. It wants to sell you 15% of their stuff, you want to sell about half of your stuff to them. The gang is the main port of entry of good into the prison. You are screwed😂
So instead of falling off the cliff edge in March 2019, we decided to delay it until there was a pandemic as well XD
But even if there is a deal with the EU, the UK will still have to act under WTO rules with all third countries from the end of March 2019.
Even if there is a transitional period, the UK is no longer part of the EU and therefore no longer part of the trade agreements.
Or am I wrong?
No, you are right.
The UK now even trades with the US based on different trade agreements between the EU and the US. Officially those end as well, but US and UK might continue with a similar or other trade agreement. Often new trade agreements take a lot of time because possible partners might have other trade agreements and those countries might not approve with one of them making a new trade agreement that has impact on the existing trade agreements.
you are wrong. under the transitional agreement the uk is treated as a member state in terms. of eu trade deals. In any event roll over deals have already been agreed unofficially with third party countries whilst new deals are negotiated. As a new member who the uk has 10 years negotiate trade deals with countries who do not roll over existing deals
you are wrong, that is being talked about it has not been agreed on
And other countries already objected, especially based on the division of quotas. If it turns out in a no-deal Brexit I wouldn't be surprised at all the EU will object as well. You still don't get it do you? Given the situation, of course all countries want to talk because they see new possibilities to improve their position in international trade. When it comes to making trade agreements they also have to consider the trade agreements they already have and the approval of their partners in those.
I do not really understand what you mean exactly with your last sentence, but if you mean the UK has made it's own trade deals in the last 10 years then the number one reason for Brexit is not even valid at all (as I think is the case).
Christopher Rutherford
But that's bullshit. Just because the EU and the UK pretend during the transition period that the UK has not left, all the other countries do not have to comply.
In fact, the UK is no longer part of the EU. Period. And thus automatically no longer a contracting party to the trade agreements.
2 points:
1. How long can the UK trade under the WTO rules without it's schedules approved?
2. It is my understanding that far more countries have objected to our quotas. The full list so far is the USA, Canada, Argentina, Brazil, Uruguay, New Zealand and Australia.
From our interpretation of WTO rules, the UK shouldn't officially able to trade without approved schedules. However, the consensus seems to be that the WTO will allow the UK to do so, as the UK has no choice be to begin trading immediately after leaving the EU. Having schedules approved isn't always necessary anyway, countries can amend their schedules without having them reapproved every time, the EU, for example, has gone for years without having their schedule approved.
You're absolutely right on the number of objections we got. We decided not to name every nation for the sake of simplicity. We decided to group those nations together due to the similar reasons they gave for objecting. We thought using them, as an illustration, would help make the point clear without overburdening the viewer with information.
@@TLDRnews Thanks for the prompt reply. My concern is Russia took 18 years to join the WTO because of objections to their schedules, notably by Georgia, albeit for political reasons to do with the annexation of Crimea.
Members have 90 days to officially object, so the list might get longer after countries have discussed it in their parliament.
I think the border between NI and IR will be a bigger problem to address. Because of the vast amount of product groups and categories (and therefore the amount of tariffs) shipments need to be checked, so a hard border is inevitable. Other members of the WTO will object to open borders.
@@czarzenana5125 Agreed. The lack of preperation of the UK Government is astounding.
+Mike Munoz
Not only the preparation. 16 June 2018 royal assent was given to the _'EU withdrawal act 2018'_ of the UK.
In this act under section 10.2.b the UK made it impossible to create a hard border in the NI region if no agreement is made between the UK and the EU. See for yourself: www.legislation.gov.uk/ukpga/2018/16/contents/enacted
My god, an actually non-partisan, factual look at something involving Brexit, mostly free of bias or rethoric? You sir have won yourself a subscriber, and I've shared your video to Facebook for various friends, aquaintances and enemies to take a look at.
Bravo
For is non-EU, non-UK folks, this whole Brexit story is of great entertainment. Good luck to the UK, you are throwing away luxuries that many other countries dream of.
This should have been compulsory watching before the referendum vote
Well Kevin to most its very apparent there was a massive gap in information the people were told pre brexit vote
Yeah, what a shame we had to leave a trade agreement because a political union was forced upon us. I'm sure the mature of us will understand the issue with NI has only the EU to blame. Trade here was fine before the EU came about.
@@carldavies2005 it was fine before because the UK had great trade agreements with the commonwealth, produced by the legacy of the incredible negotiator, the british military. All those agreements have expired and now we would be far worse off without a deal before we were in the EU.
@@AkiseAk Almost a good point. But you're forgetting the trade surpluses the UK have with major contries. Includung Germany. Don't misconstrue a biassed dictatorship with racist preferences as a sanctuary for the 5th biggest economy in the world. As an aside; if the commonwealth were under some kind of duress when democratic agreements were signed, they most definitely aren't under duress in their support now. If your point was that it's better to remain in a trade club with very stagnant growth and Germany-biassed trade agreements (look up the trade surpluses if you don't believe me) which abuses smaller countries to support larger economies rather than leave and return to something nowhere near as bad but not perfect... then I'd suggest you rethink your stance :)
But Project FFEEEEAAAAAAAAARRRRRRR
Why do you and others like you consistently ignore the fact we pay £10 billion a year to have free trade within the eu?
Don't worry UK, we still like you. After Brexit we'll send you boxes of food through the Red Cross. ;)
And will you be sending boxes of food to the other 170 or so countries on the rest of the planet that are also not in the EU?
Of course not. They're not as helpless as the Brits. ;)
@@mururoa7024 Tell you what, why not just send them straight to some of the helpless young unemployed in many of your beloved EU member countries instead? With the absolutely shocking levels of youth unemployment in countries such as Greece, where according to statista. com - "The Statistics Portal", as of March 2018 youth unemployment in Greece stood at over 42%. Spain, 35%. Italy, 32%. Croatia, 23%. Cyprus, 23%. France 22%. Portugal, 22%. Finland, 19%. Slovakia, 18%. Belgium, 18%. Romania, 17%. Sweden, 16%. Latvia, 15%. Lithuania, 14%. Luxembourg, 14%. Poland, 14%. Ireland, 12%, it looks like they will be needing it more than us when your "Treasure Island" cash-cow finally does leave the EU with our money, and those who are left paying in won't accept paying even more whilst those with their hands out won't accept receiving any less.
lol that was genuinely funny. You think you can just make things up.
Belgium is 6.4% this year, France is 8.9%, Spain was 16.1% last February, Luxembourg is only 5% which means full employment... etc for every other country. You basically multiplied everything by 2 or more. rotfl XD
@@mururoa7024 re-read what I actually said you idiot. I clearly stated "Youth unemployment"
Why the UK (the nation with the arguably best position in the entire EU) ever decided that leaving was the best option, I will never understand.
There is a chance that if the UK decided to stay, that it would be allowed in, to its previous position, although much weaker than before.
But it is fascinating to follow!
The uk has alwyas been with one foot in and one out, they didn't adopt the euro and always acted like they were "merciful" to stay in the eu. Britain and russia are the only countries in europe that weren't defeated in ww2, i belive most of their people feel like they don't need anybody to carry on and this will lead to many mistakes of this kind
You walk away from home, you get to deal with a new set of rules when crawling back.
No reason to be vindictive... The UK might make a big mistake, but there are absolutely no reasons to be a dick about it! It would only be like rubbing salt and peber into the wound.
For years the EU has been blamed for every political shortcoming so naturally many Brits see the EU as the bad guys
Don't forget about the millions € used by EU from the pays who contribute, rebrand to pro EU propaganda.
It have the same way URSS had on his time to use and rebrand the money of the people inside, and see what happened.
I have an idea. Let the British people decide whether they want to live under WTO rules. I'm sure they're all well educated on the topic, so what could possibly go wrong?
Nor the survival of the EU.
Debott ...Excellent idea!👍🤣
they have decided
what went wrong with your country,,and all the 75 percent ,,of world that have trade on w,t,o whats wrong with there countries ,,you idiot ..this guy is not god ,,its worst case scenario ...no one will..get it right and were all forgetting one big point CASH IS KING,,and any country will bend over backwards for cash our cash ,,,,,,,,ask the arabs...... you can get away with murder when you got lots of cash,,,we will be fine WE DO ,,W,,T,,O already with 75 percent of the world ..REMEMBER ... so try and think before engaging mouth ok,,,
We already do for most of our trade. Even the internal EU trade conforms to WTO rules, albeit at zero tariffs. it is not a cliff-edge for the UK. For the EU, it may be a problem but only if they are deliberately obstructive. We can trade with the EU on current terms for up to 10 years or until a new relationship is agreed. That is a transitional period on steroids.
If we stay tied to the eu, then we will never leave. WTO is the best option for our freedom and growth.
Leaving the eu is going to cost at least 3% growth and that's the best case scenario. Predicted by top economists
Two things that most Brexiteers aren't aware: WTO rule of the most favoured nation and the length of time required before substantial trade agreements are ratified.
We're aware.
WTO emergency trade rules will screw us all over. We are not full members of the WTO. It will take at least 7 years . We dont have enough boarder staff to control our imports and exports as well. We are at the mercy of countries that could veto our trade deals too. This is the reality .
@@p.g.u.d clearly you're not
@@deanwaller8283
Believe what you want.
I'm not interested in your views.
Therefore I'm muting and blocking you.
@Leroy Jenkins grow up, your insane paranoia is just idiotic
just one note
look on UK market before he join to EEZ and now when is member of EU
that will look UK after Brexit, poor country and nobody will love them
English?
You left out that in exiting trade deals there are paragraphs that pose restitution on freely negotiation a new trade deal with a new party ( in this case the UK ) that could impact the existing deal. This would will impact the position of the UK to even start negotiations.
Why was this not explained before the referendum ? This could save so much headache. Even now it would probably be helpful, it's beyond me why these informations are not televised.
Yeah I definitely think the Leave campaign addressed this issue clearly enough so that people could choose the best outcome in the referendum based on rational facts
DriveR13G27 lol
I sense a hint of comment in your sarcasm
You think. There’s the problem right there. I’m sure you’re a perfectly capable thinker but the information WAS limited, often wrong (£350 mill on a bus, 70 odd million Turks etc) and thinking fails if the inputs are wrong or skewed towards factors with a higher priority than they have in reality. Thing is, I don’t think (!!!) people make political decisions on facts that much. Sure, facts are used but generally to support concepts that are arrived at via emotional means (but muh sovrintee/fish/bendy bananas! etc). I fully admit my vote was as emotional as anyone’s. But I do think my emotions were swayed by a different perspective to those of the BC friends I have. I am from the commonwealth, have lived all through the western world so have a slightly less common view of Britain’s place in the world. I, like most people in the world and commonwealth thought of the U.K. as a smug, decayed and nasty place. When I visited 20 years ago I fell in love with the openness, the humour and the excitement I sensed all around me, much of which was due to the European project. A way for the U.K. to escape the fate most dying empires have - decline and fall. The EU was and is the last best hope for western civilisation in a time of dwindling resources, overpopulation and nasty solutions to these problems. The minor, really really minor issues with the EU are tiny and surmountable compared to any other society I have lived in. One problem is people hate to admit they’ve been duped. I had to do it, and swallowed my pride and became a British, European citizen. I can always crawl back to the nasty right wing, crypto racist place I came from and be done with it (it’s not that bad, and they/we would love to have something like the EU). I will be ok. But it saddens me more than you know that the country I have grown to love is tearing itself apart and heading down a dark road (just wait until the unicorns don’t turn up) that will, at its best, diminish itself and lead to a cold, isolated place over a generation. At worst, end the union in some sort of authoritarian nightmare. Oh well, at least the English (of which I am now one) will no longer be able to joke about Germans. It will be a very British authoritarianism, incompetent management, whining and all. At least the Germans did it right! Those who say they voted in protest because ‘it can’t get any worse’ have now idea how much worse it can get.
Oops. Sarcasm failure perhaps.
Julian Morrisco Nice word salad. Try double spacing next time.
The fact is we’re leaving, the AfD is rising, so are the Swedish Democrats, Italy has given the EU the middle finger. Macron and Merkel are both hated by their own people, the only countries who are pro EU are bribed.
Yeah good system.
@@julianmorrisco Nicely put. Thank you.
It would make absolutely no sense for the UK to just copy the EU schedules. For example, the EU has high tariffs on oranges and tomatoes because it wants to promote Spanish oranges and tomatoes. The UK does not grow oranges (as far as I am aware) so it would not make sense for the UK to have high tariffs on oranges. The UK does grow some tomatoes but not enough for domestic consumption so it needs to apply moderate tariffs on tomatoes. Tariffs need to be tailored to a specific country or trading block otherwise they don't make sense.
( #3blokes )
Missed out a very important piece right at the beginning. While it's true that the UK had/has no control over the flow of goods into the UK, other member states have no control over the flow of UK goods into their nations either
I have researched this at the 11th hour. How depressing. How complicated. Why on earth did MPs leave this to be decided upon by the british people. Knowing that they would not be given the information to make a sensible choice. They sold is as a way to stop migration (from outside the UK!) If people were thick enough to go for that one they were never going to understand the implications of this. God help us.
"They sold is as a way to stop migration "
And when you think that the biggest part of migration into the UK is not from europe but from the comminwealth its even more astonishing that the brits believed that crap....Obviously education is not really good on that island....
And all this is because a bunch of British didn't like Poles as their neighbors.
Ehh I think the immigrants from Africa and middle east were more worrying for the vote leave people
More worrying and at the same time totally irrelevant.
@@andrekoster9708 well in fairness now Brexit literally is the definition of worry ATM
This is a bit more complicated. No one has problem with Poles till Cameron didn't start austerity program. Hit my pocket and someone face will bleed.
Huge income inequality followed by slash in public funds and here we are. Trump in USA, Duterte in Philippines, 5 Stars in Italy, AfD in Germany, here Brexit... In many countries people try do something stupid because rational votes led them to the cliff.
Funny, all my Polish friends in the UK supported 'leave'.
This is why I shake my head at the referendum had it happened on an agreed upon plan with the requirement of an overweening majority from all four nations of the UK then the UK’s hand would be better, not necessarily it becoming a powerhouse but it would avoid the clear recession it is heading for currently
All MP should be tested for comprehension of this subject after passing the test .... put them in jail if they spin or mislead the public
Irrelevant, as the Eurozone will collapse very soon, now that the ECB QE papering over the cracks is being wound down. Greece, Italy, Spain and
Portugal will be forced to leave, as market forces reimpose themselves. The EU will then implode.
The argument that the UK has no control over the influx of goods from other EU countries is a false one. There is no floodgate which opens, pouring EU goods into the country. Goods are only imported if there is a market for them and the problem is that the UK produces very few goods that its own population wants to buy. Most household and electronic goods are imported from abroad; Much of our food comes from abroad. The idea that the UK will be able to flourish on ROW markets is ridiculous as we produce very little that they need and the stuff they do want to buy from us is what we already sell to them. Brexit was never ever about making our own trade deals; it is about allowing the "elite" to carry on using their tax havens.
not at all, the whole point of Brexit was not to have more British produced stuff at all, it's to allow Britain itself to decide who to trade with and on which terms and brexit is also about getting away from the control of the unelected people who run the EU and decide things for other nations regardless of their circumstances or wants (this is also called authoritarianism/fascism)
Aaroneus
"from the control of the unelected people who run the EU"... And give it to the unelected people in the UK. Given that most of the deciding bodies in the EU are elected by the EU citizens (one way or another), your statement is actually not true.
And it is not called fascism... While authoritarianism is certainly the fundamental setup in fascism, it is also the case for many types of socialism (like bolsjevisme and Maoism)... Fascism is a political belief, authoritarianism is a way of governing.
bandholm they may be elected one way or another however smaller countries like Malta have more power as their seats to people ratio is much higher than Britain's and the a majority of the British may vote one way but their way will not pass as other countries may vote for the opposition which will mean the opposition (the people who the British voted against) will rule them. Well, you may say this is a lot like if a county voted for one party but the rest of the UK voted for another however each county is a lot more similar to each country of the EU as they have much more similar culture
The EU parlament, is allocated seat, determined by the size of the population, Britain has more seats than say Denmark.
Funny that it is called "goods and services" then...
WTO rules state a period makes it not necessary to change anything for an extended time (ten years is the precedent set) in which existing rule continue until negotiations are completed.
Britain would cope well with a WTO Brexit . Read and understand Patrick Milford’s good ‘ Should the UK leave the EU ‘ second edition published by the IEA . It would be absurd to retain the same EU tariffs post Brexit and clearly the UK would cut tariffs & quotas to zero on food clothing footwear and those manufactured goods . WTO members cannot object to a zero tariff or zero quota and whilst an objection may be made to a lowering of a tariff does not prevent the WTO member imposing such a tariff pending a ruling . The use of Your terminology ‘ Hard Brexit ‘ and ‘ Cliff edge ‘ betray your pro EU bias : try using non negative terminology such as ‘ unregulated Brexit ‘ or ‘ pure Brexit ‘.
This is the kind of presentation we should have had before we ever had the Brexit vote. Clearly we won't be as free to trade as was made out originally and it will take one or two decades after Brexit before we stabalise our trade relationships with individual countries. It really is difficult to understand the economic benefits to the UK of leaving the EU. However, the main issue when we took the vote wasn't economics but that of stemming the flow of migrants from the EU into the UK. Unfortunately, the UK nationalists failed to understand that the whole point of the EU is not just economic integration but also social integration. Breaking down national barriers is the way to promote peace in Europe.
This really shows how the campaigners of Brexit have no idea about the economy.
This video really shows the true meaning of Schadenfreude.
17.4 million people didn't need to watch this
Tfw didn't know any of this stuff till watched this video. Tfw read at least 25 economics and finance books. Why the hell was this put to a popular vote 😂
As an Irish person I for one am happy the UK is getting shafted, if they had negotiated fairly 100 years ago with our leaders as they are trying now with the EU, there would be no Northern Ireland and no need for a backstop. Looks like the rest of the world will pounce on the corpse of the UK, they deserve it, thanks to our allies in Europe for standing firm for Irelands interest, something that the UK never did when we were part of their "union"
Ireland is also getting fucked by no-deal, dude.
@@Hjernespreng either way is a bad scenario for Ireland, but it shows the world and the EU the real contempt Britain has for Ireland and how they have treated us in the past. They don't care about peace in Ireland and their commitment to it,
I taught the Brittons voted Brexit, not because of the bad European trade deals, but because of immigration.
Parmentier 7 IT was a factor, not the sole reason.
Leroy Jenkins much better now and later?
Did you account the EU economy is the size it is because of the EU as is it's budget.
We can use WTO all the while making independent bilateral deals with other countries
They have already put forward their respective schedules and for the time being there are two nations objecting, the USA and New Zealand.
Thank you for clearly explaning this issue!! Great videos overall, but i especially love this one!
How did anyone think BREXIT was a good idea? Honestly?
Jean Karl Grech lotta people say they did it for nationalistic reasons, or other dumb shit.
Looking at this whole thing economically, nobody who voted knew about it. Voters had to google what the EU was.
As an American, I look forward to taking advantage of the UK once they fall out on a hard brexit. Because once their ties as cut they're basically free real-estate to the first people who give them a favorable looking deal. (Hello NHS contracts~)
I would really like to know what will happen if the EU put compensatory tariffs against the UK of £39bn for missing contributions to the EU that UK had agreed on ("Divorce Bill") if there would be no deal.
Worth mentioning again that WTO means custom checks, even an efficient and swift one will create a line of lorries from Dover to London.
Nope, we have already decided we are not going to enforce new checks our side, and it would be against the interest of EU countries for EU ports to do the same. Remember this is all a 2 way street, if we did, which we now won't due todays inevitble result of removing no deal from the table, then it is in the EUs interest to quickly strike a deal too. No deal was our only bargining chip and we are just about to flush it down the drain!!! Insane.
Leaving the eu will have a negative impact on economic growth. This is certian. Its predicted at least a loss of 3% GDP. This loss of 3% is predicted the best case scenario. Meaning 3% loss in growth is the best we can hope for from leaving the eu
Why do they want to gain more time if they are presently wasting it?
People just love wasting time, and no one loves it more than the British government
@@TLDRnews oh yea kicking the can down the road something the British and Irish have in common until one day they go to kick the can again and kick a brick wall
I guess in the beginning gonna be harder but later ,like 10 years same rich than Norway or Switzerland
the uk is completely lost. They had 2 all years, they should have spent that time to strike trade deals
The UK wasn't allowed
Not sure how we are able to produce our own WTO schedule, whilst still part of the EU, there is a slight contradiction here. We currently have NO freedom to negotiate or ability to produce our own WTO schedule. So how was our schedule rejected?
Good, informative and neutral video. So, a hard Brexit is no way to actually get control over the economy. Let alone better deals. Will this lead to a large trade deficit and inflation?
Most likely, yes. The one thing that hard Brexiteers are not admitting to is that the EU having signed a trade deal with Japan, has even less incentive to do us any favours as completely frictionless trade with Japan will more than compensate them for any trade lost from the UK. Not that that the EU could us any in the first place. Article 50 is a legal process, and there isn't any wriggle room as both sides are bound by the Lisbon Treaty. Getting a deal before we leave would give us breathing space and reduce the potential for further damage to the UK economy.
turquoise owl I know, it’s why I come to these smug remainer sites.
Want to know how to get banned from them?
Mention article 13.
ger du And all German car manufacturers. Yep well buy cheaper more reliable Honda engines from now on thanks.
Ha ha ha ha ha!!!
...and put them in cars that we export to the EU, oh wait...
One good thing to come out all if this could be the rebuilding of Hadrian's wall. That and I'm sure we can pave over England once noone lives there anymore
1:44 actually thats wrong. The negotiations end somewhere between october and november this year. The remaining months afterwards are there for implementing and changing the laws in order for Brexit to happen.
Yes lovely food from USA with no expiry date and oh i just read mrs May secured absolutely amazing deal with Africa
No expiry date? Are you kidding me? Practically everything I buy has an expiry date, and I'm not just talking groceries. Rubbing alcohol even has an expiry date!
Emil Sobolewski When I listened to a report about that African thing i thought: Just when you think it can’t get more bizarre... idk, I’m not British, can anybody tell me, why is the U.K. absolutely determined to destroy itself?
Klaus Gelti, because the press is a joke here. Rupert Murdoch, owner of The Sun laid it on the line: he and his esteemed organ supported Brexit because 'When I got to Downing Street, they do what I tell them. When I go to the EU, they ignore me.'
Klaus Geltl Africa has heavy metals, that’s why the Chinese are there as well.
Swedistan is currently on fire, someone was just stabbed in Amsterdam. The EU is a shithole, I find it quite amusing. Thank god for the English Channel.
OK so what did they agree with Africa
So, I'm not being facetious. Genuinely checking to see if I have this right. If the UK can trade on the schedules it publishes regardless of whether they are 'certified', why would other countries objecting to the schedules matter?
Oh you mean we are going from 27 countries having a say on trade to 164 countries. Such wisdom!
The problem with going onto WTO rules right now is it means a Government that has shown how weak, desperate, divided and chaotic it is negotiating with a neighbour it know well is the same Government that would be leading WTO negotiations. Negotiating from the weak position it will have will mean bad deals (for the UK anyway). I don't imagine the EU would cut the UK much slack in trade re-negotiations _for old times sake._
Well, 2.6% decrease in real wages sounds a lot but will not be felt fast. People will not loose this money but the yearly increase will be less. Less promotions and people who enter a job make less than what other junior people made....
So it will not be the end of the world but it will be bad in the long run.
You have masterfully missed the point: Until the UK's new schedules are approved it doesn't get the benefits of WTO rules on its exports. If the UK gets the benefits without getting approval from all other WTO members why bother with the schedules at all? The fact is crashing out of the EU is crashing out of the WTO as well, there is no falling back on WTO rules because they cease to apply to the UK the moment it's out of the EU and need to be negotiated.
Great explanations! Thanks.
I firmly believe that the votes that swung the referendum were protest votes, against Europe, by people who thought we would never leave. What Britain needed was to stay in with fewer dictatorial edicts from Brussels. What we've landed ourselves with is something very different and we've got to live with it. However, a hard Brexit is in nobodies interest and I hope the Politicians soon stop playing egotistical silly buggers and come to a sensible accommodation that will benefit us all. That is Britain AND Europe.
Love these videos! Unbiased, fact based, and let the viewer make their own opinion. Great work
Actually very little of what was said was factually based.
This is all just more remoaner lies and propoganda.
You're called Chad therefore your opinion is worthless.
@@chadleach6009 then give us your facts Chad. It's easy to criticize without proof. Disprove arguments on this video and you may gain credibility, otherwise it's just you mumbling nonsense.
Which parts of the video have you found to be factually incorrect and why, Chad?
Dude if you honestly think this is biased you are an incredible idiot. He even explained Leave's standpoint. Every single statement was a fact and based on legislation and rules now in place. You're the one who is biased thinking everything that doesn't allign with your view is propaganda. Just get a fucking education please, you're the reason we're in this mess in the first place
I'm only 1:11 in and I've already caught a mistake. You're using the terms "EU" and "UK" as if their mutually exclusive; "The EU decides trade and the UK doesn't". We are the EU, we have a member on the commission and we have the joint third highest number of MEPs in the EU Parliament. Decisions on trade are made through these bodies. It's correct to say the UK doesn't have total control over trade as an EU member, but it's incorrect to say we don't have any.
Wow there's nothing more to say the UK's BREXIT décision last chance was to have a deal with the rest of the world but..... When making a deal only one comes out with a good deal .. BREXIT wasn't a mistake it is a lesson to British people so they won't be that arrogant anymore
*British, it's not just England leaving the EU.
@@STJukes my apologies thanks for correcting my comment...
Arrogant? You could say trying to take over an entire continent with an undemocratic dictatorship is the height of arrogance!
Fuck off. I may be a Remainer, but I won’t stand for your insults, we don’t want rude, arrogant foreigners here telling us we’re arrogant.
ger du Well, I’d rather I not impress a racist who holds a grudge from decades ago, or one who thinks the entire population is arrogant and should basically suffer.
WTO sounds fine, nobody expected leaving the EU to be easy, I’m sure negotiating with the WTO would be far easier than negotiating with the EU. And as for nations objecting, if they know they are likely to get a trade deal then where’s the incentive to object? Kind of disappointed you refer to leaving on WTO as “crashing out” why is it a crash, why not a choice?
Negociating with the WTO easy...
Well. You know that little country? Zimbabwe? They had their economy ruined after a conflict involving UK because they wanted to take back the control on their lands. This resulted in an inflation never seen before in human history.
Guess what, Zimbabwe will be able to Veto any tax schedule the UK will submit. Anytime. Without having to give a reason. And the same goes for every single country within WTO. INCLUDING the 27 EU countries.
How is that "easier"?
Watch some of the documentaries about customs and see the insane amount of resources that go into customs inspections. Half the fresh food will be past their expiry date before it leaves the customs area because the inspectors are busy checking and determining the tariff group of other cargo.
Two points.
Firstly, congratulations for stating that the UK does NOT need to certify it's schedules before trading under WTO (one rather brief sentence at 10:29). Contrary to popular belief We DO NOT need the approval of all 164 members in order to trade. The EU for example, has not certified it's own schedules since 2004 because it has changed them to account for expansion. It has traded with UNCERTIFIED schedules for the last 14 years, with no plans to put them to a vote in the near future. The UK's negotiations with other members over schedules and quotas may well last decades ...it doesnt matter. We still get to trade on whatever schedules we choose to declare in the meantime.
Secondly, you correctly noted that the EU's maximum tariffs it can impose, are the same for every other nation. The EU cannot 'punish' the UK with more severe tariffs than the rest of the world. It will mean an increase of an average of 8% on exports. However, what you have failed to mention is that the pound has lost 20% against the Euro since 23rd June 2016. That means all UK exports to the EU are now 20% cheaper than they were 2 years ago. Has our exports to the EU increased by 20% in the last 2 years? No. So after 8% WTO tariffs, will our exports to the EU go down by 8%? Unlikely, as they will still be 12% cheaper than they were 2 years ago. The 20% devaluation of the pound, means UK products can get 20% more expensive and they still wouldn't cost any more in the EU than they did 2 years ago. Of course the pound could ...probably will go back up at some point, but it buys us time to negotiate our own FTA.
Finally, I appreciate you have tried to hide your bias, but using terms like 'hurtling towards' and 'crashing out' betray the partisan nature of your videos. I cant help but feel if this motivates you to leave vital information out of them ...like the impact of the devaluation of the pound?
Two points:
First, while the pound has indeed gone down, meaning it has become cheaper for the UK to export, it also means that imports (something the UK relies heavily on) has become more expensive. This might not reflect directly in the books, but the result is that UK consumers has been hit, reflecting the average loss of nearly 2% GDP (from what was expected).
Second "The EU cannot 'punish' the UK with more severe tariffs than the rest of the world"... The Eu has not intended to "punish" the UK, where did you get that idea in the first place?
bandholm /// it also means that imports (something the UK relies heavily on) has become more expensive.///
That is absolutely true. But you are assuming we will be buying the same products from the same places at a higher price. We have to now because we are still in the EU economic bloc, but crucially once we are outside of the EU, we are free to shop around. For example once we are out from behind the EU tariff barrier, we can buy our tinned tomatoes from Ghana and Turkey, instead of Italy.
Furthermore, it will be possible to eliminate tariffs altogether on certain items (WTO sets maximum tariffs, but there is no minimum), such as some food imports which would help with the weekly shopping bill. We dont need to put tariffs on bananas and oranges for example. We dont grow our own so those imports have no impact on our domestic farming. There is quite a long list of food items that could be made tariff free without any impact to our economy. Certain clothing items could also be made tariff free, such as shoes and jeans. We wouldn't want to make everything tariff free, because we would give away our leverage for negotiating FTA's, but there is a lot of room for movement here, particularly in areas that could benefit low income households.
///The Eu has not intended to "punish" the UK, where did you get that idea in the first place?///
It's part of project nonsense. I dont know what their intent is, but remainers keep telling me that the EU are going to punish us with tariffs. My point was ....they cant. The raison d'etre of the WTO is to create a level playing field and prevent it's members weaponising trade or using trade to bully nations.
"But you are assuming we will be buying the same products from the same places at a higher price"...
True, based on one of the fundamental rules in trade, "for each mile you half the amount of trade". There are absolutely no reason to assume that the UK will "just" trade with others to the same degree, nor that the standarts the UK demand will (or even can) be meet, in the short to even middle future.
"some food imports which would help with the weekly shopping bill"... Not really, Oranges, and other "exotic" fruits doesn't really fill that much in the UK kitchen anyway (its there, but we would have to see a big change for it to affect cost in any meaningful way), what does count is Meat, dairy products and so on... And these it is unlikely that you would save that much on, simply due to distance, availability and quality, and it just so happens that they are among those partners that the UK already had deals with (due to the EU), but it would be strange that those parties wouldn't want to squish the UK a little, due to the situation...
"My point was ....they cant"... You seem to miss/ignore the small detail that the UK would suffer from worse tariffs than now... They are not punishment, but they are there nonetheless.
+Martyntd5
A 20% fall in sterling's exchange rate does not translate immediately into British goods being 20% cheaper. That lower exchange rate only depresses the value added in Britain: imported components had instead become more expensive in sterling terms. Meanwhile, fresh non-tariff impediments might discourage commerce beyond what you might expect on the basis of price alone.
bandholm ///There are absolutely no reason to assume that the UK will "just" trade with others to the same degree, nor that the standarts the UK demand will (or even can) be meet, in the short to even middle future.///
There is a reason; they will be cheaper.
Of course if consumers are happy to continue paying the premium, tariff loaded prices for Italian tomatoes, that is their choice. But Turkish tomatoes are apparently excellent. The point is that cheaper alternatives are available for most products. Wine from California, South America and Australia for example. They are not cheaper at the moment because we are behind the tariff barriers of the EU bloc. But once we leave, those tariff barriers disappear and those products get significantly cheaper.
///You seem to miss/ignore the small detail that the UK would suffer from worse tariffs than now... ///
I'm not ignoring it. I'm saying that any increase in exports costs into the EU due to WTO, has already been wiped out by the devaluation of the pound and many of the increases in imports costs due to devaluation, can be mitigated. But most importantly, I'm recognising that the value of the pound has already changed nearly three times the average WTO tariff over the last 2 years, which doesn't just effect EU products, but all products from everywhere. Yet far from being an apocalyptic catastrophe, in reality we have barely noticed.
The point: An avarage 8% WTO tariff is not going to wipe out UK to EU trade, because we know as a matter of absolute fact trade was fine 2 years ago, when UK products were 20% more expensive. If the increased costs of WTO tariffs had the effect of reducing our exports to 2016 levels ...then that would be fine ...wouldn't it?
What is clear from videos like this which deliberately tell half a story, is that remainers are not worried about WTO being painful, they _want_ it to be painful. It's all part of project nonsense.
Since no deal was reached by the exit date, why are we still in the EU in July 2019? No sense in having article 50 if we ignore it! So far as I'm concerned, the law has been broken.
*Sigh*😔
Correct me If I'm wrong but why would we want to set high tariffs? I mean one day were being told we are gonna have food shortages, yet the next we are being told we want high tariffs, which the point of is to undercut foreign goods so domestic ones are cheaper. If we have lower tariffs then other countries are gonna want to trade with us and the food is cheaper. Am I missing something here?
As far I know, when experts tried to explain this before the Brexit vote, the Brexiters just shrugged it off by saying "project fear", the same way Trump shrugs off any critique by saying "fake news".
@Leroy Jenkins the video
@Leroy Jenkins that experts tried to explain the points made in the video before the brexit vote... c'mon lad, keep up
@Leroy Jenkins You seem really sure of yourself... Look up Dunning Kruger. Not saying your wrong, just that you have a misplaced level of trust in the information supporting your claims.
One big problem we are not full members of the WTO yet itll take 7 years to become full members. So it will be emergency trade rules . The WTO has a veto system too and how many countries have we invaded are in the WTO. So I can see it taking a lot longer to sort it out .
I must say that I'm coming from a very different viewpoint than I think you are. However, I must say, you really do seem to present a very balanced picture overall of the pros and cons and, although I totally disagree with your conclusions, I really do appreciate you putting out this sort of content which (leaving out the conclusions) I think is a really **really** informative view of the current situation.
Thank you very much, glad you like the content. While we might not agree on the ramifications, we really do try to reach across the political divide and I'm glad to hear you enjoyed the video regardless.
You mean you don't agree with what? With the facts? It's not a matter of "viewpoint".
If you watched this vid carefully + to the end; if you reflected on WTO "Schedules" system, or how all WTO countries are bullied into submission by the US, and if you still think that leaving EU membership is a good idea, seriously, you may need your head, motives or your personal interests examined.
Brace for crash hahaha
@Venky Wank the elites are profiting out of this. That's why they pushed you into this.
I know is bad for the people but majority voted.. Demand anotherer vote. Take some legal actions.
If majority wants to jump off a cliff no one can help them.
@Venky Wank to be fair the schools, hospitals, police, welfare, highways, local councils, farmers are all pretty much bankrupt and have been for a few years! Something needs to change! 29/3/19! Rule Britannia! 🇬🇧🇬🇧🇬🇧 🖕🏻🇪🇺
Of course many countries already opposed the UKs WTO schedule. And 80% of the UK is services, which are not covered by WTO at all.
Enough of this media circus already. Just eject UK out of the EU tomorrow and let them sort out their own problems. Who knows? UK might become the 51st state of the US in a few year's time since the Brits seem to like Trump so much
Didn't Trump get booed 24/7 ever since he got of the plane?
And a vote was talked about in Parliament to ban him wasn't it? Yeah, the UK just loves old Donald - SMH.
Facepalm, Mr. Chinaman.
I think not all the Britains love Trump but the vast majority of Brexiters certainly are in love with him.
And as a EU citizen I'm all for the UK to leave the EU asap.
@Russian Troll so Im told
Trump lost the popular vote and was put into power by the appointed electoral College.
You've lost a good opportunity to be quiet...
Clear and easy to understand main points. Not being in finance or economics, I have tried to pick up on the essence of how trade is currently agreed, with not much luck. And media commentators are usually quite biassed one way or another. So thanks for this one!
Very informative, thank you
Don’t pay the EU the £39 billion. Spend it on the UK!
Hard Brexit is good.
You don't seem to understand how a signed contract works.
Thanks for your nice explanations, now those who voted Yes on Brexit will bare the responsibility for all the negative consequences afterward under WTO commercial regulations, and they should immediately STOP blaming the EU like stupid Nigel Farage is doing.
At about 1:07 you say that the UK has no say in the matter of trade with the rest of the EU. This is a little misleading as the UK is represented by MEPs, our Prime Minister sits on the Council of Ministers, we have ambassadors to the EU, we have opportunities to get Brits appointed to the EU Commission etc. The UK has recourse to the European Courts of Justice upon whose benches, British Judges often sit.
David Cameron cited an example of control in which he said there were attempts by some member states to legislate that financial service business in Euro denominated instruments must be conducted in the Eurozone. The UK successfully objected thus protecting its financial services industries.
This video focuses entirely on UK exports and how everything only hurts us, but totally ignores the fact that the EU has to export to us (far more than we do to them) on WTO rules too, except to say that it'll increase prices due to tariffs on their cars and wine etc., which will hurt them more than us. Thus they would rip our arms off for a free trade deal in a heartbeat. We wouldn't be on WTO for long, but it wouldn't have even been necessary if our leader was a Brexiteer and came out from the start with a strong negotiating stance.
Morpheus Pharmaceuticals : but the pains for the EU are distributed amongst the 27th nations making it less painful.
micael area - no, each country experiences their own pains individually. the statement “we buy more than we sell to the EU” is true of all the biggest economies in the EU, Germany, France, Italy etc., not just the EU collectively. We buy more from Germany than we sell to them, we buy more from France than we sell to them and so on. So you’re suggesting that they’ll socialise those losses with the poorer EU countries, and those poorer countries will be happy about that? Good luck with that.
Only 14% of UK businesses do any trade with the EU anyway, meaning the pain for us is only felt in 14% of our economy. Everything else will go about their business as usual, except now they’ll be free of the EU regulations that hold them back.
Can I just ask, you explain that the EU and UK couldn't apply unique tariffs under WTO rules, the tariffs would have to be applied universally to all countries the UK or EU trades with... however, the US and China have been in a trade war doing exactly that, and similar sanctions are applied to Russia and Iran when countries decided that economic pressure needs to be placed on a country. So surely we could also do this?
The EU wouldnt agree on a soft brexit
yes,becouse uk does not want to pay the debt.
Moscow HQ the eu isnt going to give the UK a soft brexit because they want to give an example to other EU nations,they dont want the UK to be another norway
@@moscowhq9978 what debt?
@ger du the EU is working out well for Sweden, I bet they love all the new friends you sent them! 🖕🏻🇪🇺😂
Rule Britannia! 🇬🇧🇬🇧🇬🇧
@@nedimbajgoric2909 that's not the only reason . y'all foks pay dont debt for all stadiums and other stuff witch was built from Europe's money .
No pay no deal. Easy , simple.
The UK does not lose access to EU trade deals with other countries because the UK was a signatory to all those deals as was the 3rd party. So they have both signed up to a deal and are hence both bound by it. That is how contracts work remember. Furthermore, all those 3rd party nations have agreed to continue from where we are now.
Brexiter are going to let their xenophobia ruin this lovely country.. so head strong, with no idea of how we are going to strive in this globalised world on our own....😡😡😡
So,Charbo.Dbo. I'm a xenophobe because I want my country to leave an organisation that's 93% white?
I have no idea how you survived this long, good luck!
+1000 sighs - It just shows how uneducated most Brexiteers are when so many of them think leaving the EU had anything to do with kicking out Muslims.
Funny how they always ignore the biggest threat to British culture - America. Our food, TV, music and even politics have become increasingly _Americanized_ over the past couple of decades, yet they don't realise.
@@drunkenhobo8020 the EU has a lot to do with importing Muslims! Perhaps it is you that is uneducated!
@1000 sighs
By putting a halt to free movement (Merkel's suicidal, self loathing immigration madness), means all these hundreds of thousands of migrants currently in & trying to get in to Europe won't be coming to the U.K.
Most are from muslim countries & the subjects I listed are part of their Culture & beliefs.
Skilled immigrants to fill the skills shortage are welcome. Unskilled, low IQ, fighting age, muslim, male, economic migrants are not welcome.
Why add to the serious problems we already have in this country caused by the backwards, violent ideology of Islam.
I say to you, get your head out of the sand & your fingers out of your ears & Wake Up!!!
When you think Brexit can't get worse it does. Well done Brexiteers: the UK was a decent country once.
the eu is dying we need uk plc
This channel is really good. Thank you for explaining it really simply
As soon as the financial markets realize that there's going to be no deal,the pound will go into free fall and the mother of all financial crises will ensue..
who knows
THe EU and MAy are using scare tatics to fool parliment
The Vichy is a different situation, they were facing a gun at their heads, for real WW2
May does not want to leave the EU, so the rotten deal
I agree, she acted the article 50 pretending to be for Brexit, but she wanted to remain all the time instead the deal is SO TERRIBLE, hopefully parliment will reject it, if they accept it
THE EU WILL NEVER LET THE UK LEAVE NEVER, they will find other ways to control the UK, a colony, May is dreaming if she thinks the EU will let the UK leave,LOBBY YOUR MP TO STOP THIS DOOMED FAILURE AND DecEIT, its too late once parliment approves it
hopfully for the people of the UK, parliment rejects this, there is a high chance it will, i wonder if the vote will be delayed again, end of JAN, she may do this, shes desperate, WHAT OTHER DEALS HAVE BEEN MADE WE DONOT KNOW ABOUT? she could extend the article 50 with the EUs approval, this must be rejected completely this could go on for years
48% of UK exports but only 12% of our GDP
Starts of with statements that Just aren't true .Free trade with other members. Not true we pay a massive on going membership fee like a franchise business, with no proportional say on what the money is spent on .The EU heavily subsidise certain Industries like farming and to a massive farse Airbus. Without these subsidised goods ( at source ) outside EU countries produce even with EU tariffs would be cheaper .
Ridiculous regulations that are lobbied by large corporations to make it impossible for small / medium businesses to compete on level field . Unelected bureaucrats with ridiculous salaries and pensions. I could go on .This video started off so factually wrong its obviously a biased point of opinion. It's a shame I hoped for once it wasn't.
That would be Airbus that is manufactured with a large percentage of UK parts? No proportional say - what? The UK has votes and vetos, what do you even mean? Farming is an industry that a large country or bloc should protect as you never want to rely on external sources for basic foodstuffs, how you go about that is another argument. I'm sure the UK will be able to survive on its own farm.......oh.
"Unelected bureaucrats" - you mean like every country? Especially the UK? They all answer to elected politicians both at the MEP and PM level you know.
You claim the video is biased when it clearly isn't. Your post on the other hand most certainly *is*.
Thanks a lot for explaining the WTO regulations. No more hope left that UK trade could somehow improve within WTO rules. Does the UK government know what they are talking about?
I can't wait to see the look on the face of those who voted to leave when they fund out that Africa wants freedom of movement in exchange for a trade deal.
Martin Allen you have a choice who you want to trade with, that's a beauty of selfcontrol
25years ago when the people of Norway voted no to join the EU we were bombarded with this kind of information. We were told that we soon would have a lower standard of living then the Greeks and that we were much too small to negotiate our own trade deals and that we would regret our choice. It was all wrong. We are richer then any country in the EU. Trade deals proved surprisingly easy to negotiate because we were small. In 1994 52% of the population voted no. In 2018 75% said they would vote no if there was another vote.
2.6% per year is roughly £250, im sure i can live with that christ
interesting times ahead. Very educating and well explained.
EU will not agree any deal and let Britain have a hard Brexit. That will mean Britain loses more than 18% of their gdp.
EU try to make a deal with UK, but UK and UE doesn't want things who can only help the other. And it's normal.
Don't talk drivel.
I'm curious to know where you got that statistic from? Sound like nonsense, but always happy to be enlightened.
@@olebendz2867 lol
18% of GDP 😂😂😂😂
The worst case scenarios suggest we might lose 1.8% of GROWTH in GDP over 10 years!
It meant we wouldn't GROW as much as predicted.
But hell. Neither will the population here!!! 😂😂😂😂👍👍
@@p.g.u.d and millions of jobs as well Dopey
No wonder there's a lot of opinions but little knowledge around... One of the most precise, factual and neutral videos regarding the subject and only 77k views... just... please... make people watch this!
If one hasn't seen this, they shouldn't have any opinions on the subject... damn!