You said brexit might reignite conflict between Northern Ireland and Ireland,no thats not the fear ,the fear is a conflict between the two different political and religious communities WITHIN NORTHERN IRELAND not between ireland and northern ireland.
@@LemmeaskyousomethingHighPitch He said British Isles, which is of course a mistake. We haven't been part of the British Isles for over a century. However, this has been confirmed and stated in the UN, EU and international agreements by successive Irish governments. The British and Irish Lions used to be called the British Lions. And not very long ago. However, working with the Brits should not be an excuse for confusing us with Brits.
@@LemmeaskyousomethingHighPitch As an American (where ignorance is a stereotype) I am pretty surprised to see this said by Europeans. British Isles is 100% correct. The term 'British Isles' is a geographic term, not a political one which does include the entire geographic island of Ireland (which is politically divided into Ireland and NI). Maybe the reason the Irish are 'passive' about it is because they know this?
@@LemmeaskyousomethingHighPitch What else would you have us do? You will find that many small countries with larger neighbours have much in common. Maybe misinformed people like you may not be able to make distinctions. We do have much in common culturally with our nearest neighbour but we are a different country politically and culturally. Despite our shared troubled history we have moved on from the past and don't feel the need to be screaming from the rafters about our differences. The OP used the term 'British Isles' which is a common mistake amongst those who don't know any better or choose to be antagonistic. You will find that Anglo- Saxons are a distinct minority in Ireland and are usually amongst our more recent visitors.
Irish had their chance but believed their own hype -now Slovakia is where it's at. Nice people ,a manufacturing/services hub. Ireland's economic dependence on GB highlights the Irish 50 year failure to integrate with the rest of the EU, that cannot be blamed on Britain, which never imposed exclusivity arrangements on Irish companies. Imagine how hard working Irish truckers would suffer if they were prevented from using the British mainland as a short cut for goods heading to and from the Continent. Any other nation would impose a heavy road tax or stipulate restricted operational hours for transit on the Irish.
For me, as an Irishman living outside the country, there's an odd dynamic where I would be open to returning home, but simply can't because the cost of living is so high and any income I'd earn would barely cover it. It's strange when the economy booms but the people get poorer....
That's not good. Im English and I love England, the north I prefer and couldn't imagine not being able to return back here if I lived abroad cause of cost. Mind you cost of living is a nightmare ATM. I said to my Irish friend does she get home sick cause she's not been back to Ireland for a long time now, she said Englands home now, I was taken back as most Irish are telling us what S**t we are 😂. She said I should go to Ireland with her and visit at some point but I wouldn't step foot in Ireland, Scotland or Wales. What's the point when they'll be there wanting to attack ya as soon as they hear you speak ha ha 😂. Wish you luck and hope you can make it home at some point 👍
My dad left Ireland in his teens when Ireland was poor and today I am a software engineer working for a Dublin, Ireland based technology company. Things sure have changed.
As an Irish person I am glad that you focused on the two tier Irish economy. One additional feature that everyone laughed at when Rishi Sunak mentioned it, is that Northern Ireland finds itself in a unique position of being able to trade both into Europe and the rest of the UK. For Northern Ireland, if they actually use this opportunity, this could be a big Brexit dividend.
@@casteretpollux Somebody correct me if I'm wrong, but I read that a big reason why either the DUP or some other ultra-unionist NI party supported Brexit was because they wanted to use that to undo the Good Friday accords, even though everybody ELSE in Northern Ireland---including most Protestants---have been in favor of it. Fortunately, the other Tories threw them under the bus.
We are indeed saddled with the myopic, bigoted, regressive, corrupt and incompetent DUP. If not for them, we'd have had it much better, too. Their ongoing veto of the Stormont administration is creating undue suffering, as the cost of greed crisis fails to be mitigated.
As a Brit it's always baffled me that we're more keen on relationships with countries 4,000 miles away than our next door neighbours. Been that way for hundreds of years.
Why does it baffle you? We focused on the rest of the world and became the richest most powerful country, with the largest empire ever seen. While the Europeans just bickered between themselves. 😂 Every time we get involved with Europe it’s usually to fight a war or give them money.
@@billybellend1155 "While the Europeans just bickered between themselves. 😂" So what you two Brits are doing right now. Not the projection. Also hate to break it to you but you arent the only European colonizers. And what happened to the largest and richest empire ever seen? Outdone by their own colony. Well done on being powerful before you were even born, shame its not true anymore
A correction at 7:55 I mixed up my sources and statistics for this graph, which should be 25%. You can the source of that statistic here: www.investmentmonitor.ai/features/ireland-benefited-brexit-dublin-financial-services/ 44% is instead the share of British financial companies which considered relocations: www.ey.com/en_uk/news/2022/03/ey-financial-services-brexit-tracker-movement-within-uk-financial-services-sector-stabilises-five-years-on-from-article-50-trigger Apologies for the mistake, I am working on my note taking process to avoid this errors, but it is still a work in progress. Cheers, Hugo
Ireland is definitely a little USA if most of the wealth is just shuffled between a small number different rich people. The oligarchation of the world is the biggest problem the planet faces.
Agreed it's getting to point that dozens of individuals are worth more than entire sovereign nations and thus possess immense lobbying power which if you examine closely actually flies in the face of so called "human rights". They'll always be super wealthy people in this world (nothing wrong with that) but when you have homeless shelters, food banks and defunct buildings next to skyscrapers well there's only so long until the common folk have had enough.
And why you think “Irish” Joe Biden is here as it’s sure not for the UK or Ireland. The Plastics in the US are the second most powerful lobbyists next the Jewish (Israeli) one. Elections looming he wants the 40 million wannabe Irish vote.
At 6:50, correction, it’s not political violence between Ireland and Northern Ireland that’s a concern, it’s political violence within Northern Ireland between different internal factions
It did have spillovers into Ireland though. There were IRA attacks in Ireland. Albeit small cases. As well as loyalist bombings in Dublin and Monaghan In the 1970s 80s and 90s
Yeah. I can't see such violence ever spilling onto Ireland ever again. If the day does come where Northern Ireland decides to reunify though, I don't think the transition will be entirely peaceful, even if it's a matter that gets voted on.
Being a man from Dublin this was an absolutely brilliant report pal so on point and believe it or not sandwiched between them 2 buildings you wouldn't believe is actually a homeless shelter! I'd know because I stayed there for about 4 months! Madness! Thanks again pal take care and keep providing this brilliant content
Tommy Kelly, you do know that you are about to become Africa within the next 10 to 15 years, 40/45 percent of Ireland will become African descent, just filling you in with the fact that one 07 to 10 years ago of the plan.
@@kellyedey8573 Just so you know 1) you are misinformed 2) we are all descended from Africans 3) you can hop back under the stone from which you crawled out.
One edit is that, Ireland isn’t actually a tax haven any more than the UK is. Through their network of former colonies and the “city of London”. They use shell companies in Malta, UAE, Cayman Islands and others. It’s very well understood in the financial sector. The French also have similar structures using their former colonies.
It really annoys me to see comments from British people saying Ireland is a tax haven. The UK , along with its network of crown protectorates is the "largest tax haven in the World" according to Oxfam.
Yeah it is don't lie 😂. It's the Kingdom of England 🏴. Republic of Scotland 🏴 and Republic of Wales 🏴. Roll on ending common travel area with Ireland too and send them all back there. Xenephobes.
Yeah he called Ireland a tax haven pre 2015 at one point in the video which is incorrect as Ireland's corp tax has always been above 10%. It's clear he doesn't understand what a tax haven is as he fails to even mention a tax haven's main criteria - secrecy - that is implemented in a few British 'off-shore' Crown dependancies (Ireland's is fully transparent). It's no wonder he doesn't source any of his statements.
Yes, its why housing crisis are happening all over europe and the USA, its basically the US model and its contagious in the western world. Sack people, replace with robots, dont build houses as you no longer have workers that need them. Outsource outside country for any jobs that require humans, or bring workers in from outside country who are willing to live 3 to a bedroom for a few years then return home, a situation the locals can not endure. Rinse, Repeat. Govt complains? pay some taxes and they stop complaining. Govt then spends the money in a really poor way overspending on hospitals, cycle paths, green projects etc and the people realize none of it helped their every day life again.
Agree. A good video but it focuses on Ireland in isolation. Ireland's upper tier economy is doing better than most, and it's lower tier economy is comparable to most.
Sure, but how BIG the separation between them is has a lot to say, and Ireland is quite unique in the west, especially in Europe. The closest comparison would be Luxembourg, and a city state closely geographically linked to the economic heart of Europe isn't a very useful comparison since there's no such basic problems as "transporting food is taking longer and the food thus costs more".
@@Hjernespreng yep and if a ship arrives in Ireland, if it's registered in Rotterdam Ireland has to pay them taxes. So Ireland's ability to get prices lower for import is out of their control. Also all through europe Ireland pays taxes to local countries. So if a google service is sold to the dutch, the tax from that service is given to the Dutch. Eventually ireland will tax the profits and then give a share of that tax directly to the EU. But people on the EU still complain that they decided to use a service based in Ireland, they paid the vat tax local, but the irish based company gave a bit of their profit to ireland, who then shared it with the EU. Would they rather the company moved to poland and the EU never seen a cent from them again? Do they want Ireland to share back profits? To just take them off the irish based companies and give them back? Well ok, so then Ireland gets to raid vw, merc, skoda, pugeot profits too? And gets all taxes from imports heading to ireland?
But the situation in Ireland is improving. That's the point, there is a gap between the american multinationals that funnel their money via Ireland and the local industries, but the first pipe is leaking slowlly to the national economy. It's wealth being created that wouldnt be there otherwise to be taxed. Its little tax, but it's best 1% of billions than 99% of nothing. Of course this creates issues in the short term, it has to. But as the irish economy improves, as it's demographic situation improves and as it's quality of live improves, we in southern europe experience the oposite.
@@Duck-wc9de To be fair, there's more to Ireland than low corporation tax. It's not like English-speaking American companies would base in southern Europe if Ireland had higher tax.. Otherwise, they would go ahead and base in Hungary/Bulgaria which already have lower tax. They are also in Ireland due to language, education, workforce, business conditions, common law, political stability, historical ties & many other reasons. Ireland is a natural home for American companies in the EU.
There will always be a gap between GDP and household income. One measures the wealth created in the economy and the other measures the income per household. If households had more income than the wealth created, the country would be in trouble. I'm surprised that the presenter didn't mention modified gross national income, which measures the GDP of Ireland, minus the multinationals. That would give a much more accurate image of how the economy works but wouldn't be as good a story.
Hey as an Irish person I thank you for covering our perspective. While yes we did "Win" Brexit the common view here is "Why did they shoot themselves in the foot" and things would be much better for us all if they stayed.
The Irish economy is boom and bust and it's just in a boom time at present by GDP it is in 25th place the UK is 6th, and both have similar household budgets when you take out the corporate shenanigans! The UK trades with the EU similar to before BREXIT, it has had bigger problems with COVID and the energy crisis (Caused by EU countries being dependent on Russian energy and crashing the whole market), the UK will be majorly renewable energy independent by 2030 and by 2030-2035 is forecast to overtake Germany as the biggest economy in Europe and be in 5th place for GDP in the World. There are some difficult roads ahead for the EU of which they do not foresee but they will have to make changes as they are not for growth and expansion only protectionism, Asia is far outpacing the stagnant EU, this is where all of Europe's efforts should be directed, not trying to punish the UK it doesn't achieve anything and overall Ireland is making itself less competitive in the future with extended and costlier trade routes!?!
@@thomasherrin6798 boom bust, like most western economies have been for a number of decades, the only difference is its wealth was formed in some of those boom cycles whereas Britain like most European empires built its wealth base on the back of empire. Highlighting the gdp rankings is a pointless exercise, we’re talking about countries with a size difference of a factor of 12-not really a great comparison to use. Household income is mentioned in the video and the point you fail to recognise is the trended growth in Ireland has been much greater in the last 30 years than that of the UK given the low start point You proceed to make the exact opposite argument in relation to Asian vs European countries, of course their growth is much more substantial, they’ve been heavily hampered by the European empires and are finally starting to catch up-which Ireland was fortunate to do in the past 30 years. The Covid/brexit argument is interesting, time will tell which was the major cause of damage to the UK. As for energy, unfortunately not every eu country found oil and gas in its sea, unlike Norway, UK and Netherlands, so it’s a pathetic argument to compare EU countries with no energy reserves to countries that were randomly fortunate to have reserves. What were they to power their economies with, good will? Most were and are attempting to transition to lower and zero carbon alternatives that would finally give them some degree of energy independence. As for the Uk over taking Germany by 2030, the only source I can see for that is from the CBER back in 2013 that highlighted Scottish independence and the dissolution of the Uk as its biggest threat alongside an unresolved relationship with the eu and reorienting to high growth markets. None of those I would say have been positively addressed, yet, still have 7 years though. In 2017, PwC released their “World in 2050” which suggests Germany will still be the largest country by gdp in Europe followed by Uk Turkey and France. The OECD’s long term forecast to 2060 done in 2018 suggests Germany will finally be overtaken-by Turkey as Europe’s largest economy. Looking forward to the response
i don't understand how Europeans cant get why? rage. burning hatred for the ruling elites that dictate our lives without ever having to live like us. we almost have rid of the foreign elite, then the axe turns on the domestic enemies... there is an army of British citizens desperate to get their lives under their own control and increasingly uncaring who has to die to achieve it.
They may mean 300 years of owning all of Ireland. Britain or more specifically, England, mainly had footholdings like Pale, Kings County etc until 1536 when the full conquest happened. Then another argument is the brief independence of Ireland in the 1640s during the English civil war. Until Cromwell put an end to it
Well researched. One clarification, the violence in NI wasn't between NI and the Republic. Rather, it was mostly within NI, with spillover into the Republic and Great Britain. While called the Troubles, that's really a euphemism for what was a Civil War within the UK.
I wouldn't call it a civil war, that's a strong word. These were people who spent half of their time hiding and the other half placing bombs. It wasn't a war it's closer to terrorism(I'm not a fan of that word either, but it's more accurate).
Salut, as an Irish EU citizen born in Belfast, who left Ulster in 1972 because of “The Troubles” and went to university in England, and having studied politics and history, please may I qualify your observation. The Troubles were a Unionist v Republican struggle largely initiated by the civil rights inequities towards the Catholic population in Ulster. The bombing did as you say “spill over” into England, however it was never a civil war. By the way I and my English wife of 48 years have been permanently resident en France, notre pays adopte, for several years and would never return to the UK. Cordialement RB.
@@romeobravo2023 Thanks for your thoughts. As a student of politics, why would you not call the Troubles a Civil War? It was an armed, violent conflict between two domestic factions within the UK. Is it not a classic example of what civil war is?
@@bikeman9899Bonjour, pas de problem it was a civil war then. Strangely though it did not feel like it at the time, and to be honest it was not all bad ….. because of it I met my wife! Bon courage.
@@martinrye712 agreed. Greedy corporations are hiding the money to avoid taxes which is why we need a global tax treaty. The money isn’t going to the states though. That’s a big issue here that these companies are hiding the money to avoid taxes. Many of them pay zero taxes even though they make billions in profits.
Certain aspects of Irish Education are excellent, including tech eductaion at the college/university level. Two of the big tech people in San Francisco (the Collins brothers) are grads of the U of Limerick. No surprise to me. On my mother's prosperous farm near Limerick city Some of the recreaions for the children was doing complex math problems in their heads. My morher could do algebra word problems in her head on her deathbed (no drugs, totally sharp, 86). They also read literature to each other. I am old and this was another Ireland before electricity and just after getting it.
I think ireland took brexit more seriously than the UK did , The British government seemed to have a fairytale view of brexit , The irish gov views it as a major risk to our economy ... There is a 2 tier economy, or to be honest there are several different ways of viewing or separating the tiers , A major seperation is also generational , a lot of older home owners benefit from gov spending A paid for home ,and older
@@freddieb3537 Funny that the number of Irish speakers has dropped so much since Independence then. The Government had to keep changing the definition of the Gaeltacht - under the original definition there's none left. It wasn't 'Britain's colonialism' that caused the decrease in the use of Irish, it was the Church.
Interesting for me as an Irish citizen that so many individuals, agencies and organisations spend so much time tearing Irelands success apart, especially brexit gammons Yes Ireland does have some questionable aspects to its success but nobody can deny that Ireland today is a vastly richer place than 30 years ago
The very idea that Brexit can be 'won' or 'lost' is as absurd as Brexit itself. And would be funny if there weren't so many 'losers'. Here in The Netherlands we "won" a lot of Brexit spoils (like the EMA relocating here from London), if €€€ are your only yardstick. But the UK's ill-considered break-away from its EU neighbours is a huge loss all-round, for the EU and for the UK, geo-politically, which cannot be costed easily in € or $. The EU is about more than money only. It's about regional peace and stability, and getting on well with one's neighbours, as Winston Churchill himself initially suggested. The past 80 years have been the longest peaceful period in Europe's modern history. That's priceless, and trade and movement of labour force, customs union etc. is important cement in that only. Getting along with my neighbours is important, and is not measured only by how much money I can make from them, as the UK seems to do.😂
Peace in Europe is not dictated by the existence of the EU, and to believe so is a stupid misnomer. Peace is dictated by NATO, which puts into context the attempts at underming NATO, by the fantasy which is the EU army. Can you just imagine an EU army having replaced NATO before the Ukraine war, with France being the bulk of it, paid for by Germany? Both countries were far more concerned about protecting their economic ties with Russia, than standing up to the Evil child killing Putin. A European army would heve melted into submission before Putin's threats. Only recently, have Germany and France given adequate support, whereas Poland and the UK have led the way for Europeans, as President Zelensky has confirmed publicly. Therefore, the UK doesn't need to be in the EU to protect Europe, as you will know being a Dutchman. In fact the Netherlands has called on the UK to protect it from either France of Germany, numerous times for the last 350 years. Maybe you'd like me to list them? Without the UK, the Netherlands would not exist today. Believing that the British are acting as financial mercenaries is a two faced slur, coming from a country, which the British have sacrificed their lives for, time and time again, for you bloody, ungrateful military scroungers in Holland, who last time I checked, were still only pay 1.2% for defence. Without the UK, those two Dutch armorial lions featured on your avatar would now be Swast*kas. I hate hyopcrites, and you are one............
To have good neighbours is to share but the mainland of Europe took nearly all British industry and set it up in Germany Poland Spain we lost a huge amount of work in the forty years we were in the EU. Sadly we left it to long before leaving the damage was done a long time before we left. In hindsight we should have never joined in the first place.
@@hafmaint7557 You say that to have good neighbours is to share? Nonsense!! I've lived in a number of countries and once even lived in Manchester for 2 years. Where do you live, then? In no place did I live where I was expected to share with my neighbours. I don't understand what you are saying. In any case, can you name one British industry that the EU took from the UK and set up in Germany, please? Both Germany and the UK had fine car industries for nearly 100 years - but now the UK's has been killed off in recent decades, not by the EU but by its own governments' policies in Westminster.
@@hmalik5232 Exactly! British industry that left chose to leave to survive. That Europe "took nearly all" industry and set it up in those 3 countries as claimed by Halfmaint is completely untrue, almost funny', but is typical of the many lies that were told to the British, leaving it where it is today. What amazes me is that so many English were so unaware of the EU and the UK's role in it, that they thought these lies could possibly be true. And, like "Halfmaint", they still do!😱🤣 The UK remains a huge mushroom factory: their Government just feed them lies and keeps them in the dark". Sad 😢.
In the early 90s the median income in Britain was 50% higher than in Ireland, it's now 25% higher in Ireland. The gap between rich in poor in the UK is similar to the US, Ireland is similar to the rest of Europe, which means it's half that of UK and US
The cost of living in Ireland is ridiculous though. Groceries and rent are atrocious, and public transport is definitely worse than it is in Britain, (and I say that as someone whose lived most of her life outside of London.) The UK is not doing well, but talking about median incomes really doesn't mean anything.
@@victoriawalker7792 I'm Irish, living in South England four years now.....I'm going home soon, came for adventure and have had enough. The pay in Ireland for my profession is nearly double what it is here, cost of living is waaay higher here and as for gas and electricity, double in England. It's unreal. Also the quality of food is so much better in Ireland especially when you eat out....its so hard to find decent places to eat out here...its all basically the same, beige and battered or burgers. We don't pay the ridiculous double tax of council tax, nor do we pay for our water twice like uk. I was able to rent an apartment with my fiance at home in Ireland for 1,400 work 35 hours a week, pay bills etc and was able to save ( both of us) 2,100 a month....here in UK I can only save around 300 a month...Yep, going home.
@aoifecorcoran5513 Don't blame you pal, I've got Irish family but from Liverpool, Merseyside. Things aren't great and that's only gonna get worse with poor government, high illegal immigration and many other factors. Much love ❤️🇬🇧🇮🇪
Absolute nonsense (not on your behalf, but this generic idea). Ireland has already attracted these multinational companies (English language and common law) and gotten rid of the UK as a competitor inside the EU (service sector firms have to be established inside the EU for legal reasons). So, with the coming common corporate profit minimun tax rate, Ireland can start comfortably taxing the multinationals without a risk of them leaving. Brexit is the opportunity for the Irish people to share in the profits through taxation.
The Irish government don't think it is rubbish. Hence they had to invent a new metric kn which THEY measure their economy and the EU agree, so base EU contributions on. Not even Gross National Income but a heavily adjusted version. GDP and GNI are materially similar for most developed economies. GNI was more relevant 200 years ago globally.
@@danielwebb8402 Irish government is hugely risk adverse to any change in the current system less they be the ones to scare the multinationals-for good or for ill. The new 15% corporate tax rate was something every Irish government has feared and fought against since the 90’s yet it hasn’t ended the stay of those same multinationals
@@danielwebb8402 Its for show, If a flat EU corporate tax is brought out it only benefits Ireland as they turn to the companies and say "well you have already invested a billion here and this wasnt out choice, so we have to up tax" and they will still be the default choice as they still allow them to use Israel workers in intel, 100+ nationalities in Google/Facebook/Microsoft etc There is no other city in Europe they can go to that they can talk direct in English and have workers there deal with Iran/Syria/Brazil/India/mexico/china with people native from them countries. France told them all them jobs must go to French people with language degrees in them languages. So did germany. They aint moving.
@@geroutathat English is the lingua franca of an ever increasing roll of industries and services. Frankfurt is the natural centre of Europe now, the big merchant banks have already set up shop there, the rest will follow. BTW, their staff transferred from the member states' financial capitals, as their importance declined, not from the City of London. Settlement with the EU has to happen before the UK can regularise its membership of the WTO. The UK hasn't even started the post-Brexit era yet.
On the other hand, it's "Kell-tic tiger," not "Sell-tic tiger." Everyone pronounces Celtic this way, except for fans of the Boston NBA basketball team.
Excellently informed on the important points. A few minor points on a couple of minor details: -The islands of Britain & Ireland: Not British Isles (Ireland isn't British). -Celtic is pronounced: Keltic. -Phrasing at 6:53 makes it sound like there was conflict between Northern Ireland and Ireland. The conflict was for the most part internal between those wishing to join Ireland & those wishing to remain in the UK. Occasionally, violence made it to other parts of the UK & Ireland.
Thank you for this comment. Far too often people confuse the conflict/‘Troubles’ in NI as one between NI and the Republic of Ireland. It is complex and confusing, to be fair.
@Anathra it's not political. British Isles is just the geographic name of the region. Containing the islands of Great Britian, Ireland, Isle or man, inner and outer Hebrides and etc. Would only be wrong if he said Ireland is part of the British Islands, which is the term used for parts under British rule. Tldr: British Isles is geographic terminology. Not political
One of the Brexit dividends for ROI could be that Ireland is finally unified. In Northern Ireland the hardcore unionists are now in the minority and that places the decision about whether Northern Ireland should reunite with the Republic in the hands of a small number of voters who neither consider themselves to be republicans or unionists. If the ROI invests its Brexit dividend on changes to policies like free healthcare that will appeal to these voters then the greater prosperity of the ROI compared to a relatively poor Northern Ireland that is tied to an isolated and weak UK with its deteriorating healthcare system is likely to sway this group in to thinking that life would be better in the ROI.
If Britain is weak what is the rest of Europe then as its still the 2nd largest economy in Europe.yes brexit has caused some problems but over the next decade they will be smoothed out and then in the the years after you will truly be able to see if brexit was a good or bad thing.like any divorce the period after the divorce is always difficult.
@@martinrye712 rest of Europe is still the rest of Europe, a diverse place of various economic systems, some equally reliant on services like the UK, like Ireland Netherlands etc and some with very strong manufacturing bases like Germany Italy and France. London had been the EU’s financial capital and benefited in kind so now it will have to become more reliant on its other function-the laundromat of money. Uk isn’t going to economically collapse overnight directly as a result of brexit but it has certainly heavily hampered its businesses, with whatever fallout that carries in the long run
@Beaglaoich the trouble with your view point is its to narrow in perspective as its a world economy now and Europe is falling behind because its economic stance on just being a protectionist club
@@martinrye712 I guess you just have to ask yourself how much of the UK economy relied on it being the financial entry point to Europe. You don't even need to answer us.
This is a great video, however, I think you have understated the impact that large corporations have had on Ireland for the average person. The opportunities that having these companies in our cities provides is truly unprecedented in Irish history. They should definitely share more of their profits with the people of Ireland but even the small amount that they do share has meant the complete transformation of our economy in just 50 years.
A good synopsis, albeit necessarily a tad over simplified. Agree that, overall, while we in Ireland have seen some benefits from brexit, no European country gains in the long run. And with Britain, being, as far as I know, the only country on earth to ever impose economic sanctions on itself, the biggest loser.
Exactly. In the long run nobody is going to benefit from Brexit. The whole EU project is based on the premise that working together makes things better for everyone involved. A bigger Single Market/Customs Union creates more economic efficiencies, and you can't just cut out a UK sized hole from that market and somehow it gets better.
@@geordiewishart1683 Britain is the part of the uk not under the jurisdiction of the European Court of justice on trade and oh yeah the trade border in the Irish Sea is between britain and NI.
Let me explain something, while things are certainly not ideal in Ireland; with high costs for housing, food, entertainment etc., it’s certainly not bad. We’re a wealthy and growing nation with lots of development and opportunities. We should know by now that governments aren’t going to solve our problems so we should start taking charge of our futures. Have a great Paddy’s day lads 🇮🇪 ☘️ P.S. everyone says they want to move away, and every year since like 2018 or something there are more Irish citizens returning to the country then there are leaving. That says magnitudes for how much we’re growing
How do you see us changing our future without government? Also to you point about the positive net migration I think Covid has in the short term created a positive trend in that but the growing pressures in the Irish market for younger people will push more overseas. I’ve already a number of college classmates that I know have moved overseas 1,2,3 years into their professional careers, would be interested to see a breakdown of the migration figures for immigrants and emigrants I would imagine it’s the older demographic of immigrants with families or older returning after life abroad and younger emigrants heading off into the continent north America or Oceania
How, when the govt can spend 2 billion too much on one hopsital, and talk about a 13 billion train project, and spent 250 million on cycle paths last year alone, how can someone change anything when they didn't even build enough houses or give permission for anything close to enough houses to be built. You cant just build a thousand homes and fix the problem. You need them to say okay, and right now they wont, instead they will just spend money on removing bus stops or building cycle paths etc. What was it 3 million on baths that are not even baths?
@@geroutathat that's in Dublin but the rest of us in other towns and cities it's like we're in a third world county no public transport no public housing, road hospital ect the government spends tomutc on trying to make Dublin like London it's like stealing from the rest of us jobs and or future,if you want to build a capital you first have to build a country
Ironically, young Irish people are again leaving due to the fact that wages are low and rent is high. Canada seems to be the number one destination now. Good video and thanks for highlighting the two tiered economy.
Canada's pretty much in the same situation. I think most of the West is. Real wages for households have stagnated for decades, while the cost of living and wealth inequalities have continuously grown.
The biggest threat to the Irish economy is the lack of affordable accommodation and the not fit for purpose healthcare system. On the radio the other day, it reported that there was 600 patients waiting to be admitted to hospitals, waiting on trolleys.
Join the rest of the neo-liberal, cut-back-welfare, let the market-deal-with-housing world. Sweden, for instance. Except we don't have US multinationals, either.
Ireland needs to invest in a Swiss (or Dutch-)-style electrified railway infrastructure to support its investments in SME's (small and medium enterprises). It sits on the main Atlantic flows, and should invest in tidal power plants, also sell the energy to France, whose rivers can no longer cool the nuclear power stations. It should also play hard ball with Westminster, to whom it owes no favours.
French nuclear stations had their output reduced due to maintenance issues which are steming from decades of neglect. They can cool the reactors no problem, they only had some occasional reductions in summer for environmental reasons (to protect fish from raising the temperature of the river too high). Reactors can be cooled by air in cooling towers, they can operate in desert. Idea, that Ireland will supply France from tidal energy is pathetic. Ireland doesn't have enough energy for itself. Ireland's railways would do with an upgrade but it certainly won't be a Dutch style network due to low population density of Ireland.
Ireland has a surplus of billions of euros.. there is also thousands of miles of disused railway track.. surely the money would be well spent reopening the former railway system with electric trains as this will be the travel of the future
@@jirislavicek9954 fair enough.. but railways were built in continents a hundred years ago.. electric trains are the future of travel..or a large part of it.. surely..are the problems insurmountable..
@@willieodea83 Ireland is committing the English or French mistake of overconcentrating everything on the capital. If Ireland itself (not foreigners) invested in Cork and Limerick as alternative centres, and the west coast as amenity for citydwellers, people would go by train. They do it everywhere else, so why not Ireland.
This video is excellent. You have summarised well the impact and growth of the country with our unique model. One piece of feedback I’d share is that I don’t feel it’s correct to classify Ireland as a “Tax Haven”. The primary criteria for this is secrecy which Ireland does not have as is fully transparent and co-operative with other jurisdictions and moreover has common law. Yes we have low taxes but on the corporate side and surprisingly not the lowest in Europe. It’s a combination of a multiple of f factors that has made us successful and our model is a easily copied.
I don’t know enough about the Irish tax system to judge but if it is like the Dutch tax system witch allowed international companies to have heir headquarters in the Netherlands meaning worldwide profits where theoretically taxed in the Netherlands, theoretically because the system allowed world wide losses ( impossible to check) to be deducted from those profits resulting in very low ( or no profit at all) positive tax revenue, that in no way was off benefit to the ordinary Dutch citizen. By the way the combination of high income tax, vat, various taxes by the city, province and because it’s the Netherlands a tax levied to ensue dykes etc are maintained all based on property means the average Dutch citizen pays well over 50% in direct and indirect taxes. Which made ( makes) the Netherlands a tax haven for international companies. EU rules have partly stopped this tax dodging scheme for international companies, of course leaving as much of it in place as possible. If Ireland is anything like that it is a tax haven.
Thank you for making the distinction between GDP and household income. Sick & tired of people saying Ireland is the x richest country when in reality it’s not reflected in most peoples lives.
As an American, I surely know what you’re saying. Every U.S. Presidential cycle, candidates will inevitably boast how America is the richest, most productive country in the world so as to give would-be voters a sense of pride. But that and a few bucks will buy you a cup of coffee. In reality, for fifty years this country has been trending toward a few people getting filthy rich and millions becoming poorer every year. The saddest part of this story is people here continue to vote against their own best interests because they’re brainwashed and utterly uninformed. As for big American Corporations, they have loyalty to no one, only the bottom line. If some place else gives them a better deal, they’ll leave Ireland in an instant. They’ve done it many times, domestically and internationally.
As an American, I'll second that. Everything is priced for the best earner in the area, despite the fact most people on the ground have taken nothing but real-world pay cuts via wage stagnation. The only way to move up is work tech, often requiring proven skills & relocation away to other States. All of the destinations are burning up thanks to global warming that's only getting worse.
Why do you think it is any different anywhere else? Ireland IS one of the richest countries in the World, not based on GDP, based on household disposable income.
@@hedonaut But gdp per capita still vastly hides the the reality which is that ireland is about as well off as the rest of the peopel in the uk are in reality.
Don't blame me, I voted Remain. I saw this chaos coming a mile away. The British people made their choice, so no complaining from the Brexit camp please. I expect every single one to say how amazing the UK is now we've left. No excuses. You won. If you aren't happy, perhaps it wasn't such an amazing decision afterall. But that's on you mate.
I voted remain too but I don't hear the Brexit camp complaining it's the Remainers that keep it going. 7 years this has gone on. Our country is a mess and people still arguing over brexit 😂. Time everyone said 'Enough is enough' and just got on. It's all very well us here talking about rejoining but I can't see the EU just saying ' Yeah sure no problemo mi amigos, you guys are great we want you in the club' 😂. They're gonna be sceptical and hesitant. Also is the appetite in the UK ready for rejoing? I haven't seen latest polls. It's a mess but it we work on our country for now everything else will come in time.
1:53 Ireland isn't a British island. Great work breaking down the difference between GDP and GNP with GDP for sure being Leprechaun economics and it's the figure our government uses to pretend there polices are working for the people. In reality our GNP has dropped in the past two quarters so technically we're back in a recession. Interesting video.
As an Irishman living in London, an expensive place to live, it is shocking to go home and see the prices people pay. And it is exactly this two-tier system that inflates the GDP that is rarely mentioned that makes things look much rosier than they are in fact. And the Healthcare system is broken. We're the only nation in Western Europe that doesn't offer universal coverage of primary care. The majority have to pay €52 just to visit their GP and from report I saw two thirds of the population are paying up to €144 per month for drugs on top of other primary care services. Contrast that with the UK, where you don't have to pay for visits to the GP and only pay £9.35 per item on prescription. The one hope I'd have in this regard if there is ever a vote to unite the whole Ireland is that a condition would be that the whole island gets something more like the NHS. The people up the north have this definite advantage, as much as the Tories have gutted the service over the years.
@@stiofain88 My mother waited for 9 years for a hip replacement. She waited another 7 to get the second, and by that time her uneven gait had caused the first to begin to fail leading her to fall and break her pelvis. My brother is in a similar situation. Had to have one done and waited 5 years, and was put on a waiting list for the 2nd, told it would be 5 years. Going into his 7th now and still no word. He had to drum up 500 euro about 12 years ago to pay to have his son get an autism evaluation. That along with a hospital sending another brother home with a bleed in his brain, and other failings too many to number. The long waiting lists in the NHS are down to the Tories. But even with that the wait times here are a fraction of that in Ireland.
@@stiofain88 What part about the Tories undermining the services of the NHS did you not get. Let's face it. Your 'tanland' comment outs you for the bigot you are. The kind of gobshite who can't look objectively at facts out of a pathetic national chauvinism.
If you don't have to pay anything whatsoever you just end up with a waiting room clogged up with the hysterical, the bored and the foolish. If its really a problem then you won't mind paying even a small amount. Makes people think twice about acts of stupidity too.
Came here to see all the moaners in the comments. Ireland absolutely has issues, as does any nation, but to listen to some of my fellow countrymen in the comments, you would swear people were having to emigrate so they wouldn’t starve
Really informative analysis, great job. Interesting that you have highlighted not only the beneficiaries of the economic growth in Ireland but also reflected on the economic impact to those in other sectors of the economy. Although Ireland presents a clear example, I would suggest this pattern is being reflected in other western economies. It raises questions about economies that have commonly focused on GDP as the primary metric for modelling a successful modern economy.
Excellent video, very informative and fair. One suggested correction, at 6.02 the graphic of sea routes from Ireland shows sailings that depart Rosslare Euro port departing from Waterford. Waterford port handlers only container traffic and one of its main routes is to Rotterdam. Hope this helps. Again enjoyed the video.
"It threatened to reignite violence, between Northern Ireland & Ireland"... the violence was never between these two regions of Ireland, rather between identity groups within northern ireland.
Great channel, man. I live in Ireland and this is the first video I'm watching from your channel and it's great. Subscribed and please keep up with good content from Ireland!
As a dual Irish and British national born in Belfast, grew up in the Republic but now live in London. Brexit hurts so much as the two countries I love drift apart but also fall together
As an exclusively Irish person I couldn’t be happier that Ireland and Britain are drifting apart. I’d rather be closer to Europe than Britain who don’t even want to be European
@@carwyngriffiths it's Irish fishermen that protected Irish waters from the Russians recently ! We are in the EU now and the French will do the job , you chose to leave bye 👋
Not if the Irish people have anything to do with it. No interest at all if it costs them anything. NornIrn receives net some £3bn from the UK Treasury.
@@nicktecky55 why would it cost Ireland anything ? It will be expensive for Westminster because theyll have to pay to bring NI economy to Irelands level but its their fault that NI and indeed UK economy is a basket case so fair dues . It will only cost about a trillion so hey ho a bit more debt they'll love it !
Before Brexit, some Britons recalled having Irish ancestry. That was reason to get Irish citizenship and thus keep EU citizenship. With the Irish passport they can also easily visit the UK.
Household income is currently lagging behind GDP growth but you don't get household income growth without a rising GDP. I think Ireland is in a really good position, they need to give household income more time to catch up.
Of course you can. Or rather, the trick is to look at cost of living, particularly in relation to renting, and bring THAT down so that household income becomes more valuable. Council houses, basically. They're pretty much the perfect solution.
@@HeadsFullOfEyeballs Just FYI, Ireland does redistribute wealth, quite successfully. It has a very good GINI coefficient, with high taxes for the rich and high welfare for the less-well-off.
I would fully believe they tried to hire Irish people and couldn't. My company advertises in Ireland first, then abroad if no qualified candidates are found. It's tough to hire. So difficult to move to Dublin or Cork that people don't bother.
@@12bigredd Am Irish and wouldn’t believe that for a second. UK has been very good to Irish people when we had no work here, hundreds of thousands made a living in the UK when nothing happening here.
Video is filmed nicely, very good content, thanks a lot for information, would love to see a video about Italian economics nowadays and why it seems prospective. P.S. Frontal parts were filmed a bit shaky
Agreed, the EU are getting insane with their laws to the point it's getting almost tyrannical in a way, not really but it's making a lot of Europeans uncomfortable especially when the EU makes being proud of our home countries and ancestors as a crime...
A couple of points ,Ireland started to modernise in late 1960s. This was in part due to policies of previous 40 years were not working. The government was given a stark choice, Modernise or ask the British to take us back. Ireland invested in education and infrastructure. We do not manufacture low value itims. Computer chips, medical devices, computer software, pharmaceutical products, chemicals are some of the products we manufacture and export. Ireland is the 3rd biggest exporter of pharmaceuticals in the world. It, also greatly expanded its Export destination. In 1973, for example we exported not 1 Kg of butter to Germany, now we export about 150,000 tons of it to Germany. The biggest selling baby replacement breast milk in China is made in Ireland. We import over 800 Million litres of milk from.N Ireland and convert it to baby formula. Botex is made in Ireland, the only country in the world where it is manufactured. Ireland today export about 10% by VALUE of its Exports to the UK. Down from about 80% a century ago. All this was made possible by being proactive members of the European Union. All the U K did when joining the European Union was bitch about what was wrong with it. Everything that was wrong in the UK was the European Unions fault. Well , now they are out of the European Union and can paddle their own canoe. The trouble is they are paddling up that world famous creek called Shit creek. In a few short years they will have to start pulling the canoe as the creek will be full of Shit.
The UK joined the EU for trade, and nothing else. Had the UK government been honest in 1973 and explained the project was a political one, seeking an harmonised Europe with considerable pooling of sovereignty, the UK would never have gone in and the whole debacle could have been avoided. With the UK's "trade only" purpose for the EU now resolved by its leaving, the way is set for the rest of the EU members to crack on with full harmonisation, and to become a genuine world power.
In a way its good that Ireland is learning to lean less on the UK, being able to stand our own is something our continent has become weaker to do over the recent decades.
You obviously haven't learned anything. You're more dependent on others than you have ever been. If you have learned anything you'd be trying to become independent so you don't hsve to lean on anyone. Your country is kicking off because you can't control your immigration. You will become the minority eventually.
@@celtspeaksgoth7251 colonisation: the action or process of settling among and establishing control over the indigenous people of an area. Emigration: is the act of leaving a resident country or place of residence with the intent to settle elsewhere (to permanently leave a country). Conversely, immigration describes the movement of people into one country from another (to permanently move to a country).
Yep and now we need a board down the irish sea with massive barbed wire on so that England and Ireland never have to even see eachother again. Get rid of the common travel area and take back all the Irish citizens we have in England and we will take the English back or they can move abroad out of Ireland and be done with it. For a country that hates it neighbour as much as you lot do with England why bother even communicating. If we're the evil overloads and cause you so much misery then stick with the EU and good luck. Also get them to sort out your defence cause you don't mind relying on us for that. Slate us for daring to be English apart from that though. And unify with the top part of Ireland and you'll be happy and we'll be happy and problems solved 😊.
It’s important to note that while Irelands GDP grew a lot in 2022 as stated in this video, the Modified Domestic Demand (Irelands way of measuring the economy) fell by 2.4 per cent in Q3 and Q4.
Not really a colony since they are part of the EU but definitely an economic bridge and besides Irish Americans are mostly behind and mean well although may still cause problems in Ireland.
the weird thing about ireland is that every tech giant (google, facebook, microsoft, etc.) has a big office in Ireland and they bring in nearly 100% foreign workers because the Irish schools do such a terrible job of developing local tech talent. I worked with the dublin SREs at Google and there were 0 employees born or raised in Ireland. Employees were from germany, canada, poland, italy, turkey, and other EU countries.
Irish 3rd level education is specifically set up to meet FDI staff requirements since the 1980s & one of the main reasons they choose Ireland. (Thanks to the IDA approaching MNs globally & asking them what they needed) The 3rd level education is free to encourage students to study in these areas. Indeed, India is now looking into the Irish model to see if it can emulate its success. Being a recipient of Irish education (BS in economics), the only thing to hold you back is lack of intelligence which no amount of further education can cure. So if you find Irish education lacking, I would look closer to home for the cause, rather than blame the Irish education system
As an Englishman who voted to remain in the EU having based my decision on facts and not the lies and fears peddled by the Brexiter's, none of this comes as a great surprise to me, other than I was unaware of the two-tier economic system in Ireland. The video explains well how this has arisen due factors unique to Ireland. It was encouraging to hear that the Irish Government is targeting EU post Brexit aid at small businesses. There is an increasing amount UK press about how bad Brexit has been for the UK economy and its position in the World, but many UK politicians, including the Labour party opposition, are still in denial despite the growing evidence. From the outside looking in, a benefit of Brexit is a stronger EU, and I think arriving at a united Ireland sooner would also be a good outcome.
So, what you're saying is that is that 10% or less of Irish people are benefitting immensely from Brexit, while the rest of the population is stagnating economically? Yeah, that doesn't really sound like a good thing.
I know and imagine once your a united Ireland they may look to end the common travel area. England will have no need for it, all you do is slag us off. So all your Irish citizens will be coming back to Ireland and there's quite a few living in England to add more pressure to your already stressed housing issues. You can expel English or UK citizens back here or they may want to move to another country, then they can build a massive border down the Irish sea and but barbed wire on it and the two countries can live as though the other doesn't exist. This is what it feels like Ireland wants. For people in England it ain't that deep so shouldn't imagine most would care.
Very interesting analysis of the economic impact of Brexit in Ireland, thank you. I think it would help your analysis of the politics of Brexit in the British Isles if you could reference a wider range of sources and consider the reasons why a good number of sensible British people think that the short term economic costs of Brexit are not a reason to regret leaving the EU. U.K. and EU might work together better if not locked in an unhappy Union, but you might be right that this is not necessarily good for Ireland.
The unhappy Union was fixed when Britain left, the misery that England tried to foister upon the EU is only consolidating it...that's projection there, you wish misery upon the Union.
@@EMMYK1916 Sounds like the French, Dutch, Italians, Poles and Hungarians are also unhappy in that union. I'm not saying they'll leave. British incompetence and Russian aggression have bought the EU time to reform. But it won't. Europeans will become less and less happy as the EU stays true to its nature. Things are tough now but I wonder how many remainers will sing a different tune in 30 years time.
@@EMMYK1916 the UK leaving the EU was a mistake but there is a lack of sense of proportion about many comments. There is no terrible pain relative to what was going on when the UK was a member. For normal people life is almost exactly the same.
@@Purple_flower09 I have to say I have noticed no difference at all between before and after Brexit, even the passport queues at Euro tunnel seem exactly the same - with the small exception that the Douane agent stamps your passport now. What makes all this even more insane is that I just got back from Ireland and did not even have to show any ID for my entire trip!
As a dude who lives in Drogheda(Sadly) it always annoyed me a little when people said that the Irish economy is very powerful for the country when it’s actually really stupid
@@user-yn2on2sn1n The EU's influence is better leadership for Ireland than the Fine Fail coalition we're stuck with. Was better for you lot than the Tories were, have-been, and will be too.
Could you elaborate more on your source of "European Commission" for the share of UK companies to EU? Would love to read more about that, couldnt find after quick search :)
Hi, I just made a comment on this, it is actually a mistake on my part, where I mixed up two statsitics in my notes. Here is the actual source, and the stats should be 25%: www.investmentmonitor.ai/features/ireland-benefited-brexit-dublin-financial-services/ My apologies for the mistake and thanks for pointing it out! :) Cheers, Hugo
@@IntoEurope Hey, np, but not only would the number and the source be wrong... It caught my attention, because I only knew a statistic about FINANCIAL services relocating, and that is indeed what your linked source is about. In the video you say "UK based firms" which would mean all industries... That is a big mistake
Actually during the 80s Ireland ignored the USA and did trade with Libya exporting meat and products there. This is why Libya ended up funding the IRA with weapons during the troubles. It wasn't until the 90s that Ireland seen significant in pouring of American tech companies, and this happend by luck. Ireland had invested in Free education and university and made the people educated. They also set up tax zones around airports that allowed the company to operate "outside Ireland". This was taken up by a few companies but the "business friendly" approach attracted more. As the tech boom hit Ireland had educated people and was business friendly. The low tax rate was not a big draw, what was bigger was Irelands acceptance of non eu workers. Google in Dublin employs 101+ nationalities. This would be impossible in France as they would force them to employ EU people. Facebook 100+ Microsoft 100+. Starbucks admitted they would pay more money in Tax if they were headquarterd in Dublin than London, after they were found to pay 0 in the UK. Microsoft said that the rate is low but you dont get away with anything or have as many write offs, they would pay less tax in Paris. The main reason companies scrambled assets into Dublin in one year was Trump/Biden had hinted they were going to force all profits to be brought back to the USA with a one off low tax payment. USA wants to tax profits made abroad but Microsoft/Google/Facebook never bring the profits back to the USA. Finally, by now Ireland is just the defacto option, and it does not help Irish people as they have a growing housing crisis and cost of living crisis so are struggling like every country.
@@audience2 it was luck in the sense that they timed it and then an American expansion happened. If Ireland had reversed it's Libya position earlier there would have been little benefit, later they would have missed out on the expansion. For example if you are Estonia, and you do exactly what Ireland did, it will not lead to a massive growth in their economy, it might lead to none. America is not expanding at the moment. Ireland started by making tax free areas around airports for American companies, that did okay but not amazing, but then, they were in the right place at the right time, as although they were looking for manufacturing jobs they started to get interest in other areas and at the exact time the people were starting to come out of universities higher educated than ever before. That's why the reintroduction of uni fees will end up haunting Ireland. If your ancestors went through the famine in Ireland you should get free health and uni. Healthy educated people will be ready for the next expansion when it comes.
@@knightsnight5929 It's not a 'British island' much the same as Sri Lanka is not 'British Ceylon' or Brunei 'British Borneo'. Geographically it's the Islands of Ireland and Britain.
@@knightsnight5929No it's not. Your labelling of us as a British Isle is less legitimate then us labelling Britain "C*nt Island" as there has always been more c*nts in Britain than there has been Brits in Ireland.
@@abcdefksohfosuh9024 and that name just happened to align with the imperialist notions with the elite of the bigger island which is why putting 'British' before anything has negative connotations for those who don't align. I mean no one calls Sri Lanka 'British Ceylon' anymore.
@@ErdnußRiegel6969it's the various rightwing govts fault alright but it wasnt laziness. It was corruption and incompetence and dirty deals and rightwing agendas against social housing in ireland
Good, accurate and well-researched report with one unfortunate exception. Ireland is not a "tax haven"... it is a low tax jurisdiction similar to Singapore or Switzerland. The key difference is that tax havens have low or zero personal and corporation tax rates. Ireland, Switzerland, etc have low CT but high personal tax rates. Tax havens are repositories for dodgy money - an attribute that applies more the City of London ("Londongrad") rather than Dublin.
Switzerland has very low Income Tax. However, you are right in that Irish Corporation Tax is exceptionally low for an EU state. It helps that Ireland does not have the fiscal drag of Defence spending at 0.27% of GDP. If that were to increase to 2% the increase in taxes would badly hit GDP.
@@thostaylor Agreed... and while Ireland has benefited from the implicit military protection of the UK, US and EU, that was when the probability of external military threat was negligible. Europe as a whole has been given a wake up call by the Ukraine invasion and Ireland should discuss, consider, review and imho change its stance on neutrality, and contribute to European defence (carefully chosen word) appropriately.
@@willhqAUS Ireland really ought not to worry. The UK upkeeps an open border, we're not gonna turncoat over something so little as your EU status. Your people are in our military already. It's shared on all but paper. These islands are guarded.
NI has a sleepy land border. Very little trade between NI & RoI. The border was never an issue but hyped up by EU as they love to agitate and they had nothing to with the GFA. In fact when the GFA was being drawn up, a Balkans bloodbath was underway, which can be traced back to clumsy German/EU diplomacy.
Ireland is a member of the EU, that has to count for something if it doesn't then the whole EU thing is doomed, Of course the EU is not doomed indeed it will grow very much stronger, as will Ireland do well from this. The UK may very well rejoin the EU at some stage.
EU resentment is growing here on a daily basis. You never know what's around the corner. A lot of ordinary people are sick of the red tape and bureaucratic bullshit. Immigration, cost of living, a supposedly open EU market where car buyers got raped on import taxes. It's only a free open market when it suits. And it usually suits the wealthy. Small note for you, it's pronounced Keltic rather than Seltic and British invasion and occupation went on for far longer than 300 years. Plus the "troubles" were kick started in 1922 after independence from Britain. The term British Isles is an insult to Irish people and is a hangover term from colonisation. Otherwise, great video. Well done. 👍
@@mkmg76 VRT (car import tax) is a purely Irish problem.. The govt at the time managed to skirt around EU law by making it a "registration" tax rather than an import tax. To be honest it's well overdue being brought to court again. It's just important to clarify that this is entirely a problem of Ireland's making and nothing to do with the EU. For all the talk of "red tape" or EU bureaucracy, I have yet to see genuine examples in people's day-to-day lives as opposed to the actual cutting of red-tape that the EU does for members such as free movement, roaming, single market, etc etc.
@@NMY232 did I say it was anyone else's doing? Of course it's the Irish governments fault but the EU and it's supposed laws for a free market should have exposed this for what it is decades ago and forced it to stop. They didn't. Therefore, they are complicit in allowing the citizens of Ireland to be ripped off. Again, open market nonsense when it comes to those it SHOULD help most. Waste of time having anything to do with the EU unless you're a corrupt politician or business person.
@@NMY232 Free movement?? Wow, what an amazing benefit. A major reason we're drowning in unwanted scum. That was designed purely to do what it's doing right now, take the load off western continental countries and spread the disease this way. They could cancel that in the morning and I wouldn't bat an eyelid.
We are an incredibly young State and yet we have survived everything history has had to throw at us, from world wars to banking and property meltdowns and then on top of that a Global pandemic. We learned very quickly that to survive in this Global marketplace we had to duck and dive and use every trick in the book to prosper. We make no apologies to anyone for how we make our living as the larger economies in this world would casually walk over our corpse if we were to drop in front of them.
Leperchaun economics is partly why Britain needed a hard Brexit but it will mean nothing in controlling the spread of leprosy unless the CTA is done away with.
Download PDFelement for free: bit.ly/3IHbAv9
You said brexit might reignite conflict between Northern Ireland and Ireland,no thats not the fear ,the fear is a conflict between the two different political and religious communities WITHIN NORTHERN IRELAND not between ireland and northern ireland.
@@gallowglass2630 If that was the only mistake in the video, it wouldn't be too bad.
Unfortunately the guy seems pretty clueless on Ireland.
@@LemmeaskyousomethingHighPitch He said British Isles, which is of course a mistake. We haven't been part of the British Isles for over a century. However, this has been confirmed and stated in the UN, EU and international agreements by successive Irish governments.
The British and Irish Lions used to be called the British Lions. And not very long ago.
However, working with the Brits should not be an excuse for confusing us with Brits.
@@LemmeaskyousomethingHighPitch As an American (where ignorance is a stereotype) I am pretty surprised to see this said by Europeans. British Isles is 100% correct. The term 'British Isles' is a geographic term, not a political one which does include the entire geographic island of Ireland (which is politically divided into Ireland and NI). Maybe the reason the Irish are 'passive' about it is because they know this?
@@LemmeaskyousomethingHighPitch What else would you have us do? You will find that many small countries with larger neighbours have much in common. Maybe misinformed people like you may not be able to make distinctions. We do have much in common culturally with our nearest neighbour but we are a different country politically and culturally. Despite our shared troubled history we have moved on from the past and don't feel the need to be screaming from the rafters about our differences. The OP used the term 'British Isles' which is a common mistake amongst those who don't know any better or choose to be antagonistic. You will find that Anglo- Saxons are a distinct minority in Ireland and are usually amongst our more recent visitors.
Thank you for actually mentioning how our big GDP and "rich" economy doesnt actually translate into the wealth of the average person
same thing with US, big GDP don't mean much when most of it go to top 1% and half the country live paycheck to paycheck.
Same in almost every western country.
@@LeMerch only One without unions
"Economics explained" BTFO
Just how the fat cats like it. I’m afraid this will become more common.
“the united kingdom messed things up pretty badly for ireland”
-most history books
edit: wow that’s a lot of likes.
ireland belongs to the irish
to put it lightly 😅
The United Kingdom WAS Ireland.
Irish had their chance but believed their own hype -now Slovakia is where it's at. Nice people ,a manufacturing/services hub. Ireland's economic dependence on GB highlights the Irish 50 year failure to integrate with the rest of the EU, that cannot be blamed on Britain, which never imposed exclusivity arrangements on Irish companies. Imagine how hard working Irish truckers would suffer if they were prevented from using the British mainland as a short cut for goods heading to and from the Continent. Any other nation would impose a heavy road tax or stipulate restricted operational hours for transit on the Irish.
The Tories did it.
@@andym9571 What do you mean!
For me, as an Irishman living outside the country, there's an odd dynamic where I would be open to returning home, but simply can't because the cost of living is so high and any income I'd earn would barely cover it. It's strange when the economy booms but the people get poorer....
Depends on where you live. As far as I can see, the biggest problem you have will be buying a house.
That's not good. Im English and I love England, the north I prefer and couldn't imagine not being able to return back here if I lived abroad cause of cost. Mind you cost of living is a nightmare ATM. I said to my Irish friend does she get home sick cause she's not been back to Ireland for a long time now, she said Englands home now, I was taken back as most Irish are telling us what S**t we are 😂. She said I should go to Ireland with her and visit at some point but I wouldn't step foot in Ireland, Scotland or Wales. What's the point when they'll be there wanting to attack ya as soon as they hear you speak ha ha 😂. Wish you luck and hope you can make it home at some point 👍
Pretty much seems like ireland could be getting gentrified on a country wide level. Like a deformed mix between the cayman islands and switzerland.
Welcome to the new normal. If it's not like that yet where you live, it's likely coming there sooner rather than later.
@@hey12542 People are smart enough to separate people from government. You're not a royal you'll be fine
My dad left Ireland in his teens when Ireland was poor and today I am a software engineer working for a Dublin, Ireland based technology company. Things sure have changed.
Things have never been better. Doesn’t mean we can’t improve, but we are in a great period to do it with so much development happening
@@SilentEire Yes main issue I think is housing especially in Dublin.
@言行一致 what are you talking about?
@@CraicDealerEire bot
@@timlinator whole country is having the problem now at this stage, even rural Ireland
As an Irish person I am glad that you focused on the two tier Irish economy. One additional feature that everyone laughed at when Rishi Sunak mentioned it, is that Northern Ireland finds itself in a unique position of being able to trade both into Europe and the rest of the UK. For Northern Ireland, if they actually use this opportunity, this could be a big Brexit dividend.
DUP arnt bright enough to see it pal
@@leescott1775 Yeah those suckers are still stuck in the 17th century, they can’t evolve
@@leescott1775 The DUP see it but fear integration of the North and South economies.
@@casteretpollux Somebody correct me if I'm wrong, but I read that a big reason why either the DUP or some other ultra-unionist NI party supported Brexit was because they wanted to use that to undo the Good Friday accords, even though everybody ELSE in Northern Ireland---including most Protestants---have been in favor of it. Fortunately, the other Tories threw them under the bus.
We are indeed saddled with the myopic, bigoted, regressive, corrupt and incompetent DUP.
If not for them, we'd have had it much better, too. Their ongoing veto of the Stormont administration is creating undue suffering, as the cost of greed crisis fails to be mitigated.
As a Brit it's always baffled me that we're more keen on relationships with countries 4,000 miles away than our next door neighbours. Been that way for hundreds of years.
FOOL me once shame on you. Fool me twice shame on me. Fool me all the time call me English.
Why does it baffle you? We focused on the rest of the world and became the richest most powerful country, with the largest empire ever seen. While the Europeans just bickered between themselves. 😂 Every time we get involved with Europe it’s usually to fight a war or give them money.
@@billybellend1155 "While the Europeans just bickered between themselves. 😂" So what you two Brits are doing right now. Not the projection. Also hate to break it to you but you arent the only European colonizers. And what happened to the largest and richest empire ever seen? Outdone by their own colony. Well done on being powerful before you were even born, shame its not true anymore
Large sections of the Irish population regard it as an ancestral duty to hate our guts. It's time more people recognise that.
@@patrickporter1864 Be churlish and anti-English , call me Irish.
Thanks for bringing this to the attention of a wider audience. I'm not Irish, but i am interested in what is going on after Brexit.
The overlooked sideshows of N.Ireland and Gibraltar are where Brexit has been a real game changer.
A correction at 7:55 I mixed up my sources and statistics for this graph, which should be 25%.
You can the source of that statistic here: www.investmentmonitor.ai/features/ireland-benefited-brexit-dublin-financial-services/
44% is instead the share of British financial companies which considered relocations: www.ey.com/en_uk/news/2022/03/ey-financial-services-brexit-tracker-movement-within-uk-financial-services-sector-stabilises-five-years-on-from-article-50-trigger
Apologies for the mistake, I am working on my note taking process to avoid this errors, but it is still a work in progress.
Cheers,
Hugo
Ireland is definitely a little USA if most of the wealth is just shuffled between a small number different rich people. The oligarchation of the world is the biggest problem the planet faces.
Agreed it's getting to point that dozens of individuals are worth more than entire sovereign nations and thus possess immense lobbying power which if you examine closely actually flies in the face of so called "human rights".
They'll always be super wealthy people in this world (nothing wrong with that) but when you have homeless shelters, food banks and defunct buildings next to skyscrapers well there's only so long until the common folk have had enough.
And why you think “Irish” Joe Biden is here as it’s sure not for the UK or Ireland. The Plastics in the US are the second most powerful lobbyists next the Jewish (Israeli) one. Elections looming he wants the 40 million wannabe Irish vote.
At 6:50, correction, it’s not political violence between Ireland and Northern Ireland that’s a concern, it’s political violence within Northern Ireland between different internal factions
It did have spillovers into Ireland though. There were IRA attacks in Ireland. Albeit small cases. As well as loyalist bombings in Dublin and Monaghan In the 1970s 80s and 90s
Yeah. I can't see such violence ever spilling onto Ireland ever again. If the day does come where Northern Ireland decides to reunify though, I don't think the transition will be entirely peaceful, even if it's a matter that gets voted on.
As usual Ireland don't take accountability
But even more accurately, it's the British state against everyone.
@@captainohcaptain9588 I don't see any "peace walls" in Dublin. And 300, 000 UK citizens live happily in Ireland 😀
Being a man from Dublin this was an absolutely brilliant report pal so on point and believe it or not sandwiched between them 2 buildings you wouldn't believe is actually a homeless shelter! I'd know because I stayed there for about 4 months! Madness! Thanks again pal take care and keep providing this brilliant content
Wow. Talk about special insight!
Tommy Kelly, you do know that you are about to become Africa within the next 10 to 15 years, 40/45 percent of Ireland will become African descent, just filling you in with the fact that one 07 to 10 years ago of the plan.
@@kellyedey8573 Racist weirdo's unite!
What a metaphor!
@@kellyedey8573 Just so you know 1) you are misinformed 2) we are all descended from Africans 3) you can hop back under the stone from which you crawled out.
One edit is that, Ireland isn’t actually a tax haven any more than the UK is. Through their network of former colonies and the “city of London”. They use shell companies in Malta, UAE, Cayman Islands and others. It’s very well understood in the financial sector.
The French also have similar structures using their former colonies.
It really annoys me to see comments from British people saying Ireland is a tax haven. The UK , along with its network of crown protectorates is the "largest tax haven in the World" according to Oxfam.
Yeah it is don't lie 😂. It's the Kingdom of England 🏴. Republic of Scotland 🏴 and Republic of Wales 🏴. Roll on ending common travel area with Ireland too and send them all back there. Xenephobes.
@@hey12542 Compared to what? The UK? France? Educate yourself, it just isn’t true. The BBC just loves to spread this BS and deflect from the truth.
@@hedonaut Compared to the size of each country ireland is astronomically more of a tax haven.
Yeah he called Ireland a tax haven pre 2015 at one point in the video which is incorrect as Ireland's corp tax has always been above 10%. It's clear he doesn't understand what a tax haven is as he fails to even mention a tax haven's main criteria - secrecy - that is implemented in a few British 'off-shore' Crown dependancies (Ireland's is fully transparent). It's no wonder he doesn't source any of his statements.
ALL Developed Western Countries are dealing with the “ two tiers economy”.
Yes, its why housing crisis are happening all over europe and the USA, its basically the US model and its contagious in the western world. Sack people, replace with robots, dont build houses as you no longer have workers that need them. Outsource outside country for any jobs that require humans, or bring workers in from outside country who are willing to live 3 to a bedroom for a few years then return home, a situation the locals can not endure. Rinse, Repeat. Govt complains? pay some taxes and they stop complaining. Govt then spends the money in a really poor way overspending on hospitals, cycle paths, green projects etc and the people realize none of it helped their every day life again.
Agree. A good video but it focuses on Ireland in isolation. Ireland's upper tier economy is doing better than most, and it's lower tier economy is comparable to most.
Sure, but how BIG the separation between them is has a lot to say, and Ireland is quite unique in the west, especially in Europe. The closest comparison would be Luxembourg, and a city state closely geographically linked to the economic heart of Europe isn't a very useful comparison since there's no such basic problems as "transporting food is taking longer and the food thus costs more".
@@Hjernespreng yep and if a ship arrives in Ireland, if it's registered in Rotterdam Ireland has to pay them taxes. So Ireland's ability to get prices lower for import is out of their control. Also all through europe Ireland pays taxes to local countries. So if a google service is sold to the dutch, the tax from that service is given to the Dutch. Eventually ireland will tax the profits and then give a share of that tax directly to the EU. But people on the EU still complain that they decided to use a service based in Ireland, they paid the vat tax local, but the irish based company gave a bit of their profit to ireland, who then shared it with the EU. Would they rather the company moved to poland and the EU never seen a cent from them again? Do they want Ireland to share back profits? To just take them off the irish based companies and give them back? Well ok, so then Ireland gets to raid vw, merc, skoda, pugeot profits too? And gets all taxes from imports heading to ireland?
That's an impressive gap between GDP and household income. Thanks for another great video from one of the corners of Europe!
But the situation in Ireland is improving. That's the point, there is a gap between the american multinationals that funnel their money via Ireland and the local industries, but the first pipe is leaking slowlly to the national economy. It's wealth being created that wouldnt be there otherwise to be taxed. Its little tax, but it's best 1% of billions than 99% of nothing. Of course this creates issues in the short term, it has to. But as the irish economy improves, as it's demographic situation improves and as it's quality of live improves, we in southern europe experience the oposite.
@@Duck-wc9deit's not improving as long as they are being a tax heaven for big tech and other morally bankrupt companies.
@@Duck-wc9de To be fair, there's more to Ireland than low corporation tax. It's not like English-speaking American companies would base in southern Europe if Ireland had higher tax.. Otherwise, they would go ahead and base in Hungary/Bulgaria which already have lower tax.
They are also in Ireland due to language, education, workforce, business conditions, common law, political stability, historical ties & many other reasons. Ireland is a natural home for American companies in the EU.
@@Duck-wc9de lol as you can see from the graph it isn't improving. Trickle down economics is not the boon you think it is 😂
There will always be a gap between GDP and household income. One measures the wealth created in the economy and the other measures the income per household. If households had more income than the wealth created, the country would be in trouble.
I'm surprised that the presenter didn't mention modified gross national income, which measures the GDP of Ireland, minus the multinationals. That would give a much more accurate image of how the economy works but wouldn't be as good a story.
Hey as an Irish person I thank you for covering our perspective. While yes we did "Win" Brexit the common view here is "Why did they shoot themselves in the foot" and things would be much better for us all if they stayed.
The Irish economy is boom and bust and it's just in a boom time at present by GDP it is in 25th place the UK is 6th, and both have similar household budgets when you take out the corporate shenanigans! The UK trades with the EU similar to before BREXIT, it has had bigger problems with COVID and the energy crisis (Caused by EU countries being dependent on Russian energy and crashing the whole market), the UK will be majorly renewable energy independent by 2030 and by 2030-2035 is forecast to overtake Germany as the biggest economy in Europe and be in 5th place for GDP in the World. There are some difficult roads ahead for the EU of which they do not foresee but they will have to make changes as they are not for growth and expansion only protectionism, Asia is far outpacing the stagnant EU, this is where all of Europe's efforts should be directed, not trying to punish the UK it doesn't achieve anything and overall Ireland is making itself less competitive in the future with extended and costlier trade routes!?!
@thomasherrin6798 how's brexit going? Still haven't found a benefit?
@@thomasherrin6798 boom bust, like most western economies have been for a number of decades, the only difference is its wealth was formed in some of those boom cycles whereas Britain like most European empires built its wealth base on the back of empire.
Highlighting the gdp rankings is a pointless exercise, we’re talking about countries with a size difference of a factor of 12-not really a great comparison to use.
Household income is mentioned in the video and the point you fail to recognise is the trended growth in Ireland has been much greater in the last 30 years than that of the UK given the low start point
You proceed to make the exact opposite argument in relation to Asian vs European countries, of course their growth is much more substantial, they’ve been heavily hampered by the European empires and are finally starting to catch up-which Ireland was fortunate to do in the past 30 years.
The Covid/brexit argument is interesting, time will tell which was the major cause of damage to the UK.
As for energy, unfortunately not every eu country found oil and gas in its sea, unlike Norway, UK and Netherlands, so it’s a pathetic argument to compare EU countries with no energy reserves to countries that were randomly fortunate to have reserves. What were they to power their economies with, good will? Most were and are attempting to transition to lower and zero carbon alternatives that would finally give them some degree of energy independence.
As for the Uk over taking Germany by 2030, the only source I can see for that is from the CBER back in 2013 that highlighted Scottish independence and the dissolution of the Uk as its biggest threat alongside an unresolved relationship with the eu and reorienting to high growth markets. None of those I would say have been positively addressed, yet, still have 7 years though.
In 2017, PwC released their “World in 2050” which suggests Germany will still be the largest country by gdp in Europe followed by Uk Turkey and France.
The OECD’s long term forecast to 2060 done in 2018 suggests Germany will finally be overtaken-by Turkey as Europe’s largest economy.
Looking forward to the response
Nah fuck them they don’t even want to be European
i don't understand how Europeans cant get why? rage. burning hatred for the ruling elites that dictate our lives without ever having to live like us. we almost have rid of the foreign elite, then the axe turns on the domestic enemies... there is an army of British citizens desperate to get their lives under their own control and increasingly uncaring who has to die to achieve it.
British colonisation has been nearly 800 years, not 300.
They may mean 300 years of owning all of Ireland. Britain or more specifically, England, mainly had footholdings like Pale, Kings County etc until 1536 when the full conquest happened.
Then another argument is the brief independence of Ireland in the 1640s during the English civil war. Until Cromwell put an end to it
@@squiddy5609 Cromwell really did put an end to it in a gung ho fashion….the vile b*stard
@@squiddy5609 true was England, and from 1801 the United Kingdom
@@squiddy5609 "Cromwell put an end to it" Well that's a mild way of phrasing it....
@@IrishEyes1994 Cromwell was a complete b******d to the english as well.
Congrats on 100k :)
Not there yet man :P
Well researched. One clarification, the violence in NI wasn't between NI and the Republic. Rather, it was mostly within NI, with spillover into the Republic and Great Britain. While called the Troubles, that's really a euphemism for what was a Civil War within the UK.
I wouldn't call it a civil war, that's a strong word. These were people who spent half of their time hiding and the other half placing bombs. It wasn't a war it's closer to terrorism(I'm not a fan of that word either, but it's more accurate).
Salut, as an Irish EU citizen born in Belfast, who left Ulster in 1972 because of “The Troubles” and went to university in England, and having studied politics and history, please may I qualify your observation. The Troubles were a Unionist v Republican struggle largely initiated by the civil rights inequities towards the Catholic population in Ulster. The bombing did as you say “spill over” into England, however it was never a civil war. By the way I and my English wife of 48 years have been permanently resident en France, notre pays adopte, for several years and would never return to the UK. Cordialement RB.
@@romeobravo2023 Thanks for your thoughts. As a student of politics, why would you not call the Troubles a Civil War? It was an armed, violent conflict between two domestic factions within the UK. Is it not a classic example of what civil war is?
@@bikeman9899Bonjour, pas de problem it was a civil war then. Strangely though it did not feel like it at the time, and to be honest it was not all bad ….. because of it I met my wife! Bon courage.
@romeobravo2023 Bon chance to you. Glad something positive came of that horrible time.
Ireland has become EU corporate HQ for US companies.
Yes with most of the wealth created going straight back to the states
@@martinrye712 not likely they would be taxed. Money is staying in a tax haven banks. If not Ireland then the Cayman Islands or maybe Switzerland.
@Bob Tomlin it doesn't matter where it goes my point was the profits aren't staying in Ireland
@@martinrye712 agreed. Greedy corporations are hiding the money to avoid taxes which is why we need a global tax treaty. The money isn’t going to the states though. That’s a big issue here that these companies are hiding the money to avoid taxes. Many of them pay zero taxes even though they make billions in profits.
@@martinrye712 Tax havens, US citizens do not get a lot of wealth either unfortunately.
I live in Seattle in the U.S. and it's crazy how many Irish workers we have here who work for Amazon, Facebook and especially Microsoft.
Good to see the Irish are showing the US how culture works. :)
@@thomasraven2024 Tá ceart agat 😉
Certain aspects of Irish Education are excellent, including tech eductaion at the college/university level. Two of the big tech people in San Francisco (the Collins brothers) are grads of the U of Limerick. No surprise to me. On my mother's prosperous farm near Limerick city Some of the recreaions for the children was doing complex math problems in their heads. My morher could do algebra word problems in her head on her deathbed (no drugs, totally sharp, 86). They also read literature to each other. I am old and this was another Ireland before electricity and just after getting it.
@@thomasraven2024 I worked with a few guys from Ireland at a mine in the US a few years back, amazing dudes. Funny as hell.
Can you take all the ones we have to put up with in England 🏴. We don't want the snakes. Your leader loves them so it shouldn't be a problem.
I think ireland took brexit more seriously than the UK did ,
The British government seemed to have a fairytale view of brexit ,
The irish gov views it as a major risk to our economy ...
There is a 2 tier economy, or to be honest there are several different ways of viewing or separating the tiers ,
A major seperation is also generational , a lot of older home owners benefit from gov spending
A paid for home ,and older
Thanks for taking the boat to ireland and walking around. Made your presentation much more valid and real.
Finaly more None Dutch videos from this channel!
8:06 Funny that the English speaking arrow happens to point precisely to one of the remaining Irish speaking areas (Gaeltacht).
@@benchilton1391 because of Britains colonialism. Do you know anything about history. But judging from your other comments you haven't a clue.
@@benchilton1391 Among many things, look up the history of the tally stick in Ireland, children were literally beaten in schools for speaking Irish.
@@freddieb3537 Funny that the number of Irish speakers has dropped so much since Independence then. The Government had to keep changing the definition of the Gaeltacht - under the original definition there's none left. It wasn't 'Britain's colonialism' that caused the decrease in the use of Irish, it was the Church.
You made a mistake at 1:49 Ireland was not a British island in 1923.
Interesting for me as an Irish citizen that so many individuals, agencies and organisations spend so much time tearing Irelands success apart, especially brexit gammons
Yes Ireland does have some questionable aspects to its success but nobody can deny that Ireland today is a vastly richer place than 30 years ago
Good video. Good production, well-researched and clearly presented.
The very idea that Brexit can be 'won' or 'lost' is as absurd as Brexit itself. And would be funny if there weren't so many 'losers'.
Here in The Netherlands we "won" a lot of Brexit spoils (like the EMA relocating here from London), if €€€ are your only yardstick.
But the UK's ill-considered break-away from its EU neighbours is a huge loss all-round, for the EU and for the UK, geo-politically, which cannot be costed easily in € or $.
The EU is about more than money only. It's about regional peace and stability, and getting on well with one's neighbours, as Winston Churchill himself initially suggested.
The past 80 years have been the longest peaceful period in Europe's modern history. That's priceless, and trade and movement of labour force, customs union etc. is important cement in that only. Getting along with my neighbours is important, and is not measured only by how much money I can make from them, as the UK seems to do.😂
Peace in Europe is not dictated by the existence of the EU, and to believe so is a stupid misnomer. Peace is dictated by NATO, which puts into context the attempts at underming NATO, by the fantasy which is the EU army. Can you just imagine an EU army having replaced NATO before the Ukraine war, with France being the bulk of it, paid for by Germany? Both countries were far more concerned about protecting their economic ties with Russia, than standing up to the Evil child killing Putin. A European army would heve melted into submission before Putin's threats. Only recently, have Germany and France given adequate support, whereas Poland and the UK have led the way for Europeans, as President Zelensky has confirmed publicly.
Therefore, the UK doesn't need to be in the EU to protect Europe, as you will know being a Dutchman. In fact the Netherlands has called on the UK to protect it from either France of Germany, numerous times for the last 350 years. Maybe you'd like me to list them? Without the UK, the Netherlands would not exist today.
Believing that the British are acting as financial mercenaries is a two faced slur, coming from a country, which the British have sacrificed their lives for, time and time again, for you bloody, ungrateful military scroungers in Holland, who last time I checked, were still only pay 1.2% for defence.
Without the UK, those two Dutch armorial lions featured on your avatar would now be Swast*kas.
I hate hyopcrites, and you are one............
To have good neighbours is to share but the mainland of Europe took nearly all British industry and set it up in Germany Poland Spain we lost a huge amount of work in the forty years we were in the EU. Sadly we left it to long before leaving the damage was done a long time before we left. In hindsight we should have never joined in the first place.
@@hafmaint7557 You say that to have good neighbours is to share? Nonsense!! I've lived in a number of countries and once even lived in Manchester for 2 years. Where do you live, then? In no place did I live where I was expected to share with my neighbours. I don't understand what you are saying.
In any case, can you name one British industry that the EU took from the UK and set up in Germany, please?
Both Germany and the UK had fine car industries for nearly 100 years - but now the UK's has been killed off in recent decades, not by the EU but by its own governments' policies in Westminster.
@@hafmaint7557British industry left the UK for the EU after Brexit
@@hmalik5232 Exactly! British industry that left chose to leave to survive.
That Europe "took nearly all" industry and set it up in those 3 countries as claimed by Halfmaint is completely untrue, almost funny', but is typical of the many lies that were told to the British, leaving it where it is today. What amazes me is that so many English were so unaware of the EU and the UK's role in it, that they thought these lies could possibly be true. And, like "Halfmaint", they still do!😱🤣
The UK remains a huge mushroom factory: their Government just feed them lies and keeps them in the dark". Sad 😢.
In the early 90s the median income in Britain was 50% higher than in Ireland, it's now 25% higher in Ireland. The gap between rich in poor in the UK is similar to the US, Ireland is similar to the rest of Europe, which means it's half that of UK and US
The cost of living in Ireland is ridiculous though. Groceries and rent are atrocious, and public transport is definitely worse than it is in Britain, (and I say that as someone whose lived most of her life outside of London.)
The UK is not doing well, but talking about median incomes really doesn't mean anything.
Victoria, lif you find the UK so troublesome, why don’t you move to the Middle East or Africa perhaps I don’t know whatever takes your fancy.darling.
@@victoriawalker7792 You both have good points. But benefits are lower in the UK and people literally starving and hopeless.
@@victoriawalker7792 I'm Irish, living in South England four years now.....I'm going home soon, came for adventure and have had enough. The pay in Ireland for my profession is nearly double what it is here, cost of living is waaay higher here and as for gas and electricity, double in England. It's unreal. Also the quality of food is so much better in Ireland especially when you eat out....its so hard to find decent places to eat out here...its all basically the same, beige and battered or burgers. We don't pay the ridiculous double tax of council tax, nor do we pay for our water twice like uk. I was able to rent an apartment with my fiance at home in Ireland for 1,400 work 35 hours a week, pay bills etc and was able to save ( both of us) 2,100 a month....here in UK I can only save around 300 a month...Yep, going home.
@aoifecorcoran5513 Don't blame you pal, I've got Irish family but from Liverpool, Merseyside. Things aren't great and that's only gonna get worse with poor government, high illegal immigration and many other factors. Much love ❤️🇬🇧🇮🇪
Absolute nonsense (not on your behalf, but this generic idea). Ireland has already attracted these multinational companies (English language and common law) and gotten rid of the UK as a competitor inside the EU (service sector firms have to be established inside the EU for legal reasons). So, with the coming common corporate profit minimun tax rate, Ireland can start comfortably taxing the multinationals without a risk of them leaving.
Brexit is the opportunity for the Irish people to share in the profits through taxation.
The Irish government don't think it is rubbish.
Hence they had to invent a new metric kn which THEY measure their economy and the EU agree, so base EU contributions on.
Not even Gross National Income but a heavily adjusted version. GDP and GNI are materially similar for most developed economies. GNI was more relevant 200 years ago globally.
@@danielwebb8402 Irish government is hugely risk adverse to any change in the current system less they be the ones to scare the multinationals-for good or for ill.
The new 15% corporate tax rate was something every Irish government has feared and fought against since the 90’s yet it hasn’t ended the stay of those same multinationals
@@danielwebb8402 Its for show, If a flat EU corporate tax is brought out it only benefits Ireland as they turn to the companies and say "well you have already invested a billion here and this wasnt out choice, so we have to up tax" and they will still be the default choice as they still allow them to use Israel workers in intel, 100+ nationalities in Google/Facebook/Microsoft etc There is no other city in Europe they can go to that they can talk direct in English and have workers there deal with Iran/Syria/Brazil/India/mexico/china with people native from them countries. France told them all them jobs must go to French people with language degrees in them languages. So did germany. They aint moving.
@geroutathat
You think then Ireland would base its EU contributions of GDP?
It's own lead economic data published would be GDP?
@@geroutathat English is the lingua franca of an ever increasing roll of industries and services. Frankfurt is the natural centre of Europe now, the big merchant banks have already set up shop there, the rest will follow. BTW, their staff transferred from the member states' financial capitals, as their importance declined, not from the City of London.
Settlement with the EU has to happen before the UK can regularise its membership of the WTO. The UK hasn't even started the post-Brexit era yet.
I love the course this channel is taking! The production value is trough the roof
“British companies have mostly moved to Ireland” ? Huh….
*British companies relocating to the EU have mostly moved to Ireland
This is true,
Most business people in the UK would not have voted for brexit,
And they still need to be inside the EU, Ireland was an obvious
Choice.
@@IntoEurope Yeah, wish you had clarified that in the video, because as a Brit, I was wondering what on earth you were talking about 😂
Bit random, but your pronunciation of the word “Ireland” is the best pronunciation I’ve heard from someone who isn’t Irish
On the other hand, it's "Kell-tic tiger," not "Sell-tic tiger." Everyone pronounces Celtic this way, except for fans of the Boston NBA basketball team.
@@jackiegleason9272 Yeah, I did notice that one
Americans have managed to turn it into a three syllable word: eyerland.
@@jackiegleason9272 "Seltick" is the true historical pronunciation. BTW, you forgot about Celtic FC.
And another issue is the over use of the now disputed term of 'British Isles'
Excellently informed on the important points. A few minor points on a couple of minor details:
-The islands of Britain & Ireland: Not British Isles (Ireland isn't British).
-Celtic is pronounced: Keltic.
-Phrasing at 6:53 makes it sound like there was conflict between Northern Ireland and Ireland. The conflict was for the most part internal between those wishing to join Ireland & those wishing to remain in the UK. Occasionally, violence made it to other parts of the UK & Ireland.
Yawn.
Get a life
Thank you for this comment. Far too often people confuse the conflict/‘Troubles’ in NI as one between NI and the Republic of Ireland. It is complex and confusing, to be fair.
it is still commonly referred to as British Isles tbf
@@squiddy5609 That'll only change if people continue calling out the inaccuracy. And it needs to change.
@Anathra it's not political. British Isles is just the geographic name of the region. Containing the islands of Great Britian, Ireland, Isle or man, inner and outer Hebrides and etc. Would only be wrong if he said Ireland is part of the British Islands, which is the term used for parts under British rule.
Tldr: British Isles is geographic terminology. Not political
Great video, and love the dedication to the story! Hope you had a nice time in Dublin 😃
One of the Brexit dividends for ROI could be that Ireland is finally unified. In Northern Ireland the hardcore unionists are now in the minority and that places the decision about whether Northern Ireland should reunite with the Republic in the hands of a small number of voters who neither consider themselves to be republicans or unionists. If the ROI invests its Brexit dividend on changes to policies like free healthcare that will appeal to these voters then the greater prosperity of the ROI compared to a relatively poor Northern Ireland that is tied to an isolated and weak UK with its deteriorating healthcare system is likely to sway this group in to thinking that life would be better in the ROI.
I hope that happens soon, it would be good for them as you say
If Britain is weak what is the rest of Europe then as its still the 2nd largest economy in Europe.yes brexit has caused some problems but over the next decade they will be smoothed out and then in the the years after you will truly be able to see if brexit was a good or bad thing.like any divorce the period after the divorce is always difficult.
@@martinrye712 rest of Europe is still the rest of Europe, a diverse place of various economic systems, some equally reliant on services like the UK, like Ireland Netherlands etc and some with very strong manufacturing bases like Germany Italy and France.
London had been the EU’s financial capital and benefited in kind so now it will have to become more reliant on its other function-the laundromat of money.
Uk isn’t going to economically collapse overnight directly as a result of brexit but it has certainly heavily hampered its businesses, with whatever fallout that carries in the long run
@Beaglaoich the trouble with your view point is its to narrow in perspective as its a world economy now and Europe is falling behind because its economic stance on just being a protectionist club
@@martinrye712 I guess you just have to ask yourself how much of the UK economy relied on it being the financial entry point to Europe. You don't even need to answer us.
This is a great video, however, I think you have understated the impact that large corporations have had on Ireland for the average person. The opportunities that having these companies in our cities provides is truly unprecedented in Irish history. They should definitely share more of their profits with the people of Ireland but even the small amount that they do share has meant the complete transformation of our economy in just 50 years.
@@john_Reilly2027Can you cite a source, please? I would like to learn more about this.
A good synopsis, albeit necessarily a tad over simplified. Agree that, overall, while we in Ireland have seen some benefits from brexit, no European country gains in the long run. And with Britain, being, as far as I know, the only country on earth to ever impose economic sanctions on itself, the biggest loser.
A government at war with its own citizens.
Exactly. In the long run nobody is going to benefit from Brexit. The whole EU project is based on the premise that working together makes things better for everyone involved. A bigger Single Market/Customs Union creates more economic efficiencies, and you can't just cut out a UK sized hole from that market and somehow it gets better.
Britain is not a country.
Do you mean the U.K.?
@@geordiewishart1683 N. Ireland is not subject to the "sanctions", so yes, Britain.
@@geordiewishart1683 Britain is the part of the uk not under the jurisdiction of the European Court of justice on trade and oh yeah the trade border in the Irish Sea is between britain and NI.
Let me explain something, while things are certainly not ideal in Ireland; with high costs for housing, food, entertainment etc., it’s certainly not bad. We’re a wealthy and growing nation with lots of development and opportunities. We should know by now that governments aren’t going to solve our problems so we should start taking charge of our futures.
Have a great Paddy’s day lads 🇮🇪 ☘️
P.S. everyone says they want to move away, and every year since like 2018 or something there are more Irish citizens returning to the country then there are leaving. That says magnitudes for how much we’re growing
How do you see us changing our future without government?
Also to you point about the positive net migration I think Covid has in the short term created a positive trend in that but the growing pressures in the Irish market for younger people will push more overseas. I’ve already a number of college classmates that I know have moved overseas 1,2,3 years into their professional careers, would be interested to see a breakdown of the migration figures for immigrants and emigrants I would imagine it’s the older demographic of immigrants with families or older returning after life abroad and younger emigrants heading off into the continent north America or Oceania
Much of TDs are Landlord
@@tiglishnobody8750 which is part of the problem voting for independents as well as Fianna Fáil and Fine Gael they’re heavily self serving
How, when the govt can spend 2 billion too much on one hopsital, and talk about a 13 billion train project, and spent 250 million on cycle paths last year alone, how can someone change anything when they didn't even build enough houses or give permission for anything close to enough houses to be built. You cant just build a thousand homes and fix the problem. You need them to say okay, and right now they wont, instead they will just spend money on removing bus stops or building cycle paths etc. What was it 3 million on baths that are not even baths?
@@geroutathat that's in Dublin but the rest of us in other towns and cities it's like we're in a third world county no public transport no public housing, road hospital ect the government spends tomutc on trying to make Dublin like London it's like stealing from the rest of us jobs and or future,if you want to build a capital you first have to build a country
Ironically, young Irish people are again leaving due to the fact that wages are low and rent is high. Canada seems to be the number one destination now. Good video and thanks for highlighting the two tiered economy.
people emigration to Canada will regret it. Canada has become a communist dictatorship.I know for a fact that I regret moving to Canada .
Canada's pretty much in the same situation. I think most of the West is. Real wages for households have stagnated for decades, while the cost of living and wealth inequalities have continuously grown.
The grass is not a lot greener in Canada. House prices have gone up hugely, taxation is also high
And the pints are smaller
And Canada is not in the EU either😂😂
The biggest threat to the Irish economy is the lack of affordable accommodation and the not fit for purpose healthcare system.
On the radio the other day, it reported that there was 600 patients waiting to be admitted to hospitals, waiting on trolleys.
Join the rest of the neo-liberal, cut-back-welfare, let the market-deal-with-housing world. Sweden, for instance. Except we don't have US multinationals, either.
This sounds like they really are becoming Americas 51st State
Ireland needs to invest in a Swiss (or Dutch-)-style electrified railway infrastructure to support its investments in SME's (small and medium enterprises). It sits on the main Atlantic flows, and should invest in tidal power plants, also sell the energy to France, whose rivers can no longer cool the nuclear power stations. It should also play hard ball with Westminster, to whom it owes no favours.
French nuclear stations had their output reduced due to maintenance issues which are steming from decades of neglect. They can cool the reactors no problem, they only had some occasional reductions in summer for environmental reasons (to protect fish from raising the temperature of the river too high). Reactors can be cooled by air in cooling towers, they can operate in desert. Idea, that Ireland will supply France from tidal energy is pathetic. Ireland doesn't have enough energy for itself.
Ireland's railways would do with an upgrade but it certainly won't be a Dutch style network due to low population density of Ireland.
Ireland has a surplus of billions of euros.. there is also thousands of miles of disused railway track.. surely the money would be well spent reopening the former railway system with electric trains as this will be the travel of the future
@@willieodea83 Most of the abandoned railways in Ireland are narrow gauge, designed for speed of ~ 30 to 40 kph
@@jirislavicek9954 fair enough.. but railways were built in continents a hundred years ago.. electric trains are the future of travel..or a large part of it.. surely..are the problems insurmountable..
@@willieodea83 Ireland is committing the English or French mistake of overconcentrating everything on the capital. If Ireland itself (not foreigners) invested in Cork and Limerick as alternative centres, and the west coast as amenity for citydwellers, people would go by train. They do it everywhere else, so why not Ireland.
This is great. Way better than I expected. Have a subscribe
This video is excellent. You have summarised well the impact and growth of the country with our unique model. One piece of feedback I’d share is that I don’t feel it’s correct to classify Ireland as a “Tax Haven”. The primary criteria for this is secrecy which Ireland does not have as is fully transparent and co-operative with other jurisdictions and moreover has common law. Yes we have low taxes but on the corporate side and surprisingly not the lowest in Europe. It’s a combination of a multiple of f factors that has made us successful and our model is a easily copied.
*influence, not "impact"
Main criteria for a tax haven isn't secrecy, a quick search will clear this up for you. The main feature is low taxes or non existant taxes.
I don’t know enough about the Irish tax system to judge but if it is like the Dutch tax system witch allowed international companies to have heir headquarters in the Netherlands meaning worldwide profits where theoretically taxed in the Netherlands, theoretically because the system allowed world wide losses ( impossible to check) to be deducted from those profits resulting in very low ( or no profit at all) positive tax revenue, that in no way was off benefit to the ordinary Dutch citizen. By the way the combination of high income tax, vat, various taxes by the city, province and because it’s the Netherlands a tax levied to ensue dykes etc are maintained all based on property means the average Dutch citizen pays well over 50% in direct and indirect taxes. Which made ( makes) the Netherlands a tax haven for international companies. EU rules have partly stopped this tax dodging scheme for international companies, of course leaving as much of it in place as possible. If Ireland is anything like that it is a tax haven.
Yes, sadly the video creator did not bother to Google the definition of 'Tax Heaven'
Thank you for making the distinction between GDP and household income. Sick & tired of people saying Ireland is the x richest country when in reality it’s not reflected in most peoples lives.
As an American, I surely know what you’re saying. Every U.S. Presidential cycle, candidates will inevitably boast how America is the richest, most productive country in the world so as to give would-be voters a sense of pride. But that and a few bucks will buy you a cup of coffee. In reality, for fifty years this country has been trending toward a few people getting filthy rich and millions becoming poorer every year. The saddest part of this story is people here continue to vote against their own best interests because they’re brainwashed and utterly uninformed. As for big American Corporations, they have loyalty to no one, only the bottom line. If some place else gives them a better deal, they’ll leave Ireland in an instant. They’ve done it many times, domestically and internationally.
As an American, I'll second that. Everything is priced for the best earner in the area, despite the fact most people on the ground have taken nothing but real-world pay cuts via wage stagnation. The only way to move up is work tech, often requiring proven skills & relocation away to other States. All of the destinations are burning up thanks to global warming that's only getting worse.
Why do you think it is any different anywhere else? Ireland IS one of the richest countries in the World, not based on GDP, based on household disposable income.
@@hedonaut The point is this, if a thing is wrong it’s wrong. All the more shameful if it’s ubiquitous.
@@hedonaut But gdp per capita still vastly hides the the reality which is that ireland is about as well off as the rest of the peopel in the uk are in reality.
Don't blame me, I voted Remain. I saw this chaos coming a mile away.
The British people made their choice, so no complaining from the Brexit camp please. I expect every single one to say how amazing the UK is now we've left. No excuses. You won. If you aren't happy, perhaps it wasn't such an amazing decision afterall. But that's on you mate.
Bingo
Brexiters are saying it wasn't a real brexit which is why it's rubbish!
I voted remain too but I don't hear the Brexit camp complaining it's the Remainers that keep it going. 7 years this has gone on. Our country is a mess and people still arguing over brexit 😂. Time everyone said 'Enough is enough' and just got on. It's all very well us here talking about rejoining but I can't see the EU just saying ' Yeah sure no problemo mi amigos, you guys are great we want you in the club' 😂. They're gonna be sceptical and hesitant. Also is the appetite in the UK ready for rejoing? I haven't seen latest polls. It's a mess but it we work on our country for now everything else will come in time.
The situation is captured quite well here - well done!
1:53 Ireland isn't a British island. Great work breaking down the difference between GDP and GNP with GDP for sure being Leprechaun economics and it's the figure our government uses to pretend there polices are working for the people. In reality our GNP has dropped in the past two quarters so technically we're back in a recession. Interesting video.
As an Irishman living in London, an expensive place to live, it is shocking to go home and see the prices people pay. And it is exactly this two-tier system that inflates the GDP that is rarely mentioned that makes things look much rosier than they are in fact.
And the Healthcare system is broken. We're the only nation in Western Europe that doesn't offer universal coverage of primary care. The majority have to pay €52 just to visit their GP and from report I saw two thirds of the population are paying up to €144 per month for drugs on top of other primary care services. Contrast that with the UK, where you don't have to pay for visits to the GP and only pay £9.35 per item on prescription.
The one hope I'd have in this regard if there is ever a vote to unite the whole Ireland is that a condition would be that the whole island gets something more like the NHS. The people up the north have this definite advantage, as much as the Tories have gutted the service over the years.
I'd pick the HSE over the NHS any day of the week. Enjoy those waiting times.
@@stiofain88 My mother waited for 9 years for a hip replacement. She waited another 7 to get the second, and by that time her uneven gait had caused the first to begin to fail leading her to fall and break her pelvis.
My brother is in a similar situation. Had to have one done and waited 5 years, and was put on a waiting list for the 2nd, told it would be 5 years. Going into his 7th now and still no word. He had to drum up 500 euro about 12 years ago to pay to have his son get an autism evaluation.
That along with a hospital sending another brother home with a bleed in his brain, and other failings too many to number.
The long waiting lists in the NHS are down to the Tories. But even with that the wait times here are a fraction of that in Ireland.
@@LambentIchor I heard a person died waiting hours for an NHS ambulance after a heart attack. Your family is alive. In tanland they might not be.
@@stiofain88 What part about the Tories undermining the services of the NHS did you not get.
Let's face it. Your 'tanland' comment outs you for the bigot you are. The kind of gobshite who can't look objectively at facts out of a pathetic national chauvinism.
If you don't have to pay anything whatsoever you just end up with a waiting room clogged up with the hysterical, the bored and the foolish. If its really a problem then you won't mind paying even a small amount.
Makes people think twice about acts of stupidity too.
Came here to see all the moaners in the comments. Ireland absolutely has issues, as does any nation, but to listen to some of my fellow countrymen in the comments, you would swear people were having to emigrate so they wouldn’t starve
Really informative analysis, great job. Interesting that you have highlighted not only the beneficiaries of the economic growth in Ireland but also reflected on the economic impact to those in other sectors of the economy. Although Ireland presents a clear example, I would suggest this pattern is being reflected in other western economies. It raises questions about economies that have commonly focused on GDP as the primary metric for modelling a successful modern economy.
Yes. This.
The explanation of GDP vs most individuals' experience of wealth was great. It applies to the UK as well.
Excellent video, very informative and fair.
One suggested correction, at 6.02 the graphic of sea routes from Ireland shows sailings that depart Rosslare Euro port departing from Waterford.
Waterford port handlers only container traffic and one of its main routes is to Rotterdam.
Hope this helps.
Again enjoyed the video.
"It threatened to reignite violence, between Northern Ireland & Ireland"... the violence was never between these two regions of Ireland, rather between identity groups within northern ireland.
Great channel, man. I live in Ireland and this is the first video I'm watching from your channel and it's great. Subscribed and please keep up with good content from Ireland!
As a dual Irish and British national born in Belfast, grew up in the Republic but now live in London. Brexit hurts so much as the two countries I love drift apart but also fall together
As an exclusively Irish person I couldn’t be happier that Ireland and Britain are drifting apart. I’d rather be closer to Europe than Britain who don’t even want to be European
@@quandaledingle7812 Ireland has a lot more cultural ties to the UK than to Europe. It would not be good for these to drift apart.
@@johnmc3862 Ukraine has a lot of cultural ties to Russia, who do you think they should be closer to?
@@quandaledingle7812ah imma assume you’re fine with the Uk no longer protecting n enforcing Irish naval and air borders.
@@carwyngriffiths it's Irish fishermen that protected Irish waters from the Russians recently ! We are in the EU now and the French will do the job , you chose to leave bye 👋
I expect Ireland will find itself reunited. In short order.
You expect wrong
Not if the Irish people have anything to do with it. No interest at all if it costs them anything.
NornIrn receives net some £3bn from the UK Treasury.
@@geordiewishart1683 better off unified better off in EU . Uk is a basket case.
Hope so. The Simsons predicted it for 2024.
@@nicktecky55 why would it cost Ireland anything ? It will be expensive for Westminster because theyll have to pay to bring NI economy to Irelands level but its their fault that NI and indeed UK economy is a basket case so fair dues . It will only cost about a trillion so hey ho a bit more debt they'll love it !
Has anyone felt any warmth from the trickle down yet? 🙄😬
Before Brexit, some Britons recalled having Irish ancestry.
That was reason to get Irish citizenship and thus keep EU citizenship.
With the Irish passport they can also easily visit the UK.
Household income is currently lagging behind GDP growth but you don't get household income growth without a rising GDP. I think Ireland is in a really good position, they need to give household income more time to catch up.
Yeah wait for it to trickle down
You absolutely can get household income growth without a rising GDP, by distributing the wealth that is already being generated in a different way.
Of course you can. Or rather, the trick is to look at cost of living, particularly in relation to renting, and bring THAT down so that household income becomes more valuable.
Council houses, basically. They're pretty much the perfect solution.
This is one of the great benefits of being in the EU, it does help.
@@HeadsFullOfEyeballs Just FYI, Ireland does redistribute wealth, quite successfully. It has a very good GINI coefficient, with high taxes for the rich and high welfare for the less-well-off.
70% of Googles employees in Ireland aren't even Irish
Where do they tend to be from? There are a lot of tech workers from India in Seattle.
I would fully believe they tried to hire Irish people and couldn't. My company advertises in Ireland first, then abroad if no qualified candidates are found. It's tough to hire. So difficult to move to Dublin or Cork that people don't bother.
you can't, unless irish people can speak every language in the world, but they do hire irish people who are bilingual.
@@A.Severan probably India same for San Francisco mostly from India but nice people, I don't have an issue with them.
Congratulations on 100k subs! you definitely deserve them and more!
Thank you so much!! More to come! :)
the UK having been messing around Ireland for centuries they actually think that the Rep should rejoin the UK and surrender all right to them lol
So back to 1922 it is then 👀🤨
no, no they do not think that
@@Soraviel the DUP quoted some 1788 act of union the other day lol
@@danieltutty1015 your either a loyalist or your in denial lol
@@12bigredd Am Irish and wouldn’t believe that for a second. UK has been very good to Irish people when we had no work here, hundreds of thousands made a living in the UK when nothing happening here.
Video is filmed nicely, very good content, thanks a lot for information, would love to see a video about Italian economics nowadays and why it seems prospective.
P.S. Frontal parts were filmed a bit shaky
As a german i get the uks decision. The EU makes a lot of sense but its laws are getting incredibly stupid. Unbelievably stupid actually.
Agreed, the EU are getting insane with their laws to the point it's getting almost tyrannical in a way, not really but it's making a lot of Europeans uncomfortable especially when the EU makes being proud of our home countries and ancestors as a crime...
A couple of points ,Ireland started to modernise in late 1960s. This was in part due to policies of previous 40 years were not working.
The government was given a stark choice, Modernise or ask the British to take us back.
Ireland invested in education and infrastructure.
We do not manufacture low value itims.
Computer chips, medical devices, computer software,
pharmaceutical products, chemicals are some of the products we manufacture and export.
Ireland is the 3rd biggest exporter of pharmaceuticals in the world.
It, also greatly expanded its Export destination.
In 1973, for example we exported not 1 Kg of butter to Germany, now we export about 150,000 tons of it to Germany.
The biggest selling baby replacement breast milk in China is made in Ireland.
We import over 800 Million litres of milk from.N Ireland and convert it to baby formula.
Botex is made in Ireland, the only country in the world where it is manufactured.
Ireland today export about 10% by VALUE of its Exports to the UK. Down from about 80% a century ago.
All this was made possible by being proactive members of the European Union.
All the U K did when joining the European Union was bitch about what was wrong with it. Everything that was wrong in the UK was the European Unions fault.
Well , now they are out of the European Union and can paddle their own canoe. The trouble is they are paddling up that world famous creek called Shit creek. In a few short years they will have to start pulling the canoe as the creek will be full of Shit.
Don't forget we manufacture and export Viagra to the world!🙃
@@cliddily
The Pfizer riser as its called.
And it does do as it days on the packet.
The UK joined the EU for trade, and nothing else.
Had the UK government been honest in 1973 and explained the project was a political one, seeking an harmonised Europe with considerable pooling of sovereignty, the UK would never have gone in and the whole debacle could have been avoided.
With the UK's "trade only" purpose for the EU now resolved by its leaving, the way is set for the rest of the EU members to crack on with full harmonisation, and to become a genuine world power.
Ireland is one of the few countries with a trade surplus with China.
In a way its good that Ireland is learning to lean less on the UK, being able to stand our own is something our continent has become weaker to do over the recent decades.
Once a slave always a slave
@@superguyx5468 No idea how that works into this context but thanks for letting us know.
You obviously haven't learned anything. You're more dependent on others than you have ever been. If you have learned anything you'd be trying to become independent so you don't hsve to lean on anyone. Your country is kicking off because you can't control your immigration. You will become the minority eventually.
British colonisation only ended in part of Ireland in 1922
while Irish colonisation of Britain continues, or as the Irish broadcaster RTE puts it - the E word - emigration.
@@celtspeaksgoth7251
colonisation:
the action or process of settling among and establishing control over the indigenous people of an area.
Emigration: is the act of leaving a resident country or place of residence with the intent to settle elsewhere (to permanently leave a country). Conversely, immigration describes the movement of people into one country from another (to permanently move to a country).
Yep and now we need a board down the irish sea with massive barbed wire on so that England and Ireland never have to even see eachother again. Get rid of the common travel area and take back all the Irish citizens we have in England and we will take the English back or they can move abroad out of Ireland and be done with it. For a country that hates it neighbour as much as you lot do with England why bother even communicating. If we're the evil overloads and cause you so much misery then stick with the EU and good luck. Also get them to sort out your defence cause you don't mind relying on us for that. Slate us for daring to be English apart from that though. And unify with the top part of Ireland and you'll be happy and we'll be happy and problems solved 😊.
@solidus784 does Scotland count?
I feel like you missed a major factor why invest in Ireland, the highly educated citizens that have some of the highest productivity in the world
It’s important to note that while Irelands GDP grew a lot in 2022 as stated in this video, the Modified Domestic Demand (Irelands way of measuring the economy) fell by 2.4 per cent in Q3 and Q4.
THanks for this very useful metric, I'll be looking out for it!
Ireland becoming an American colony is ironic
Colonized by money ain't too bad. 😉
@@NMY232 although the Irish don't get their hands on the money
@@Purple_flower09 Not all of it, but we get enough..
Not really a colony since they are part of the EU but definitely an economic bridge and besides Irish Americans are mostly behind and mean well although may still cause problems in Ireland.
the weird thing about ireland is that every tech giant (google, facebook, microsoft, etc.) has a big office in Ireland and they bring in nearly 100% foreign workers because the Irish schools do such a terrible job of developing local tech talent. I worked with the dublin SREs at Google and there were 0 employees born or raised in Ireland. Employees were from germany, canada, poland, italy, turkey, and other EU countries.
For sure there are a lot of foreign employees but its no where near 100% their agreements with the Irish government wouldn't allow that.
Irish 3rd level education is specifically set up to meet FDI staff requirements since the 1980s & one of the main reasons they choose Ireland. (Thanks to the IDA approaching MNs globally & asking them what they needed) The 3rd level education is free to encourage students to study in these areas. Indeed, India is now looking into the Irish model to see if it can emulate its success.
Being a recipient of Irish education (BS in economics), the only thing to hold you back is lack of intelligence which no amount of further education can cure. So if you find Irish education lacking, I would look closer to home for the cause, rather than blame the Irish education system
As an Englishman who voted to remain in the EU having based my decision on facts and not the lies and fears peddled by the Brexiter's, none of this comes as a great surprise to me, other than I was unaware of the two-tier economic system in Ireland. The video explains well how this has arisen due factors unique to Ireland. It was encouraging to hear that the Irish Government is targeting EU post Brexit aid at small businesses. There is an increasing amount UK press about how bad Brexit has been for the UK economy and its position in the World, but many UK politicians, including the Labour party opposition, are still in denial despite the growing evidence. From the outside looking in, a benefit of Brexit is a stronger EU, and I think arriving at a united Ireland sooner would also be a good outcome.
Very well put together congratulations
Yes that's how people in Ireland walk like the women at 7:38. 😊 It's easier on the knees
Ireland 🇮🇪 has done so much better than when it was forced to be part of the UK.
That ended 100 years ago, move on.
@@knightsnight5929 Ireland has moved on .That was my point.
@@knightsnight5929 Not all of it. When the whole island is free, we can move on.
Arsegaram, NI is 🇬🇧
And now it's controlled by the EU and the USA. When Ireland finally realises that the EU is not what you thought it was...... try leaving it !
So, what you're saying is that is that 10% or less of Irish people are benefitting immensely from Brexit, while the rest of the population is stagnating economically? Yeah, that doesn't really sound like a good thing.
Dublin is arguably the worst housing market in Europe.
I pretty bad here in The Netherlands too so.
Use your vote.
I know and imagine once your a united Ireland they may look to end the common travel area. England will have no need for it, all you do is slag us off. So all your Irish citizens will be coming back to Ireland and there's quite a few living in England to add more pressure to your already stressed housing issues. You can expel English or UK citizens back here or they may want to move to another country, then they can build a massive border down the Irish sea and but barbed wire on it and the two countries can live as though the other doesn't exist. This is what it feels like Ireland wants. For people in England it ain't that deep so shouldn't imagine most would care.
Very interesting analysis of the economic impact of Brexit in Ireland, thank you. I think it would help your analysis of the politics of Brexit in the British Isles if you could reference a wider range of sources and consider the reasons why a good number of sensible British people think that the short term economic costs of Brexit are not a reason to regret leaving the EU. U.K. and EU might work together better if not locked in an unhappy Union, but you might be right that this is not necessarily good for Ireland.
There is no historic precedent for cutting off trade with the largest neighbour leading to growth. Brexit is a square wheel.
The unhappy Union was fixed when Britain left, the misery that England tried to foister upon the EU is only consolidating it...that's projection there, you wish misery upon the Union.
@@EMMYK1916 Sounds like the French, Dutch, Italians, Poles and Hungarians are also unhappy in that union. I'm not saying they'll leave. British incompetence and Russian aggression have bought the EU time to reform. But it won't. Europeans will become less and less happy as the EU stays true to its nature. Things are tough now but I wonder how many remainers will sing a different tune in 30 years time.
@@EMMYK1916 the UK leaving the EU was a mistake but there is a lack of sense of proportion about many comments. There is no terrible pain relative to what was going on when the UK was a member. For normal people life is almost exactly the same.
@@Purple_flower09 I have to say I have noticed no difference at all between before and after Brexit, even the passport queues at Euro tunnel seem exactly the same - with the small exception that the Douane agent stamps your passport now.
What makes all this even more insane is that I just got back from Ireland and did not even have to show any ID for my entire trip!
As a dude who lives in Drogheda(Sadly) it always annoyed me a little when people said that the Irish economy is very powerful for the country when it’s actually really stupid
Yapper alert
@@Squ1rlte blud ain’t no way you say this after I’ve been silent a year😭😭😭😭😭😭
@@noragogo-ws4qy Irish economy is good your just a broky
As an Irishman I doubt we can make any necessary adjustments under our current leadership.
@@user-yn2on2sn1n The EU's influence is better leadership for Ireland than the Fine Fail coalition we're stuck with.
Was better for you lot than the Tories were, have-been, and will be too.
correction* almost 800 years of british colonization not 300
Britain hasn't existed for 800 years
Ireland’s next step of development is to create an ecosystem of R&D around US Multinationals and Indigenous Irish firms.
Which will create and interesting pull between the French etc keen to stiffle the US influence in Europe
That already exists
@@DublinMarc True ... but in its infancy compared to what it will be
Ireland is fantastic at making money but not so good at spending it.
Well put matt!
Could you elaborate more on your source of "European Commission" for the share of UK companies to EU? Would love to read more about that, couldnt find after quick search :)
Hi,
I just made a comment on this, it is actually a mistake on my part, where I mixed up two statsitics in my notes.
Here is the actual source, and the stats should be 25%: www.investmentmonitor.ai/features/ireland-benefited-brexit-dublin-financial-services/
My apologies for the mistake and thanks for pointing it out! :)
Cheers,
Hugo
@@IntoEurope Hey, np, but not only would the number and the source be wrong... It caught my attention, because I only knew a statistic about FINANCIAL services relocating, and that is indeed what your linked source is about. In the video you say "UK based firms" which would mean all industries... That is a big mistake
Agreed :/ There are no excuses. Thanks for keeping me to a higher standard!
Actually during the 80s Ireland ignored the USA and did trade with Libya exporting meat and products there. This is why Libya ended up funding the IRA with weapons during the troubles. It wasn't until the 90s that Ireland seen significant in pouring of American tech companies, and this happend by luck. Ireland had invested in Free education and university and made the people educated. They also set up tax zones around airports that allowed the company to operate "outside Ireland". This was taken up by a few companies but the "business friendly" approach attracted more. As the tech boom hit Ireland had educated people and was business friendly. The low tax rate was not a big draw, what was bigger was Irelands acceptance of non eu workers. Google in Dublin employs 101+ nationalities. This would be impossible in France as they would force them to employ EU people. Facebook 100+ Microsoft 100+. Starbucks admitted they would pay more money in Tax if they were headquarterd in Dublin than London, after they were found to pay 0 in the UK. Microsoft said that the rate is low but you dont get away with anything or have as many write offs, they would pay less tax in Paris. The main reason companies scrambled assets into Dublin in one year was Trump/Biden had hinted they were going to force all profits to be brought back to the USA with a one off low tax payment. USA wants to tax profits made abroad but Microsoft/Google/Facebook never bring the profits back to the USA. Finally, by now Ireland is just the defacto option, and it does not help Irish people as they have a growing housing crisis and cost of living crisis so are struggling like every country.
It wasn't luck. It was a deliberate reversal of the previous policy.
@@audience2 it was luck in the sense that they timed it and then an American expansion happened. If Ireland had reversed it's Libya position earlier there would have been little benefit, later they would have missed out on the expansion. For example if you are Estonia, and you do exactly what Ireland did, it will not lead to a massive growth in their economy, it might lead to none. America is not expanding at the moment. Ireland started by making tax free areas around airports for American companies, that did okay but not amazing, but then, they were in the right place at the right time, as although they were looking for manufacturing jobs they started to get interest in other areas and at the exact time the people were starting to come out of universities higher educated than ever before. That's why the reintroduction of uni fees will end up haunting Ireland. If your ancestors went through the famine in Ireland you should get free health and uni. Healthy educated people will be ready for the next expansion when it comes.
Ireland is not a 'British Island'.
Geographically it is. Its a bit like the British saying that they are not part of Europe.
@@knightsnight5929 It's not a 'British island' much the same as Sri Lanka is not 'British Ceylon' or Brunei 'British Borneo'. Geographically it's the Islands of Ireland and Britain.
@@knightsnight5929No it's not. Your labelling of us as a British Isle is less legitimate then us labelling Britain "C*nt Island" as there has always been more c*nts in Britain than there has been Brits in Ireland.
@@ULYSSES-31 The British isles is the geographical name, most archipelagos are named after the biggest island.
@@abcdefksohfosuh9024 and that name just happened to align with the imperialist notions with the elite of the bigger island which is why putting 'British' before anything has negative connotations for those who don't align. I mean no one calls Sri Lanka 'British Ceylon' anymore.
Yeah in Janurary I moved from Ireland to Poland, its crazy how much cheaper life is here in comparison.
Just the rent price...
It's the government fault they didn't kept up with the growing population they were lazy
Poland used to be a communist country. Former communist countries have cheap houses/rent due to the land reforms.
@@ErdnußRiegel6969it's the various rightwing govts fault alright but it wasnt laziness. It was corruption and incompetence and dirty deals and rightwing agendas against social housing in ireland
Nice video. Thanks for making it!
Even following Brexit far to many EU companies treat us as an annex of the UK!
Good, accurate and well-researched report with one unfortunate exception. Ireland is not a "tax haven"... it is a low tax jurisdiction similar to Singapore or Switzerland. The key difference is that tax havens have low or zero personal and corporation tax rates. Ireland, Switzerland, etc have low CT but high personal tax rates.
Tax havens are repositories for dodgy money - an attribute that applies more the City of London ("Londongrad") rather than Dublin.
Switzerland has very low Income Tax. However, you are right in that Irish Corporation Tax is exceptionally low for an EU state. It helps that Ireland does not have the fiscal drag of Defence spending at 0.27% of GDP. If that were to increase to 2% the increase in taxes would badly hit GDP.
@@thostaylor Agreed... and while Ireland has benefited from the implicit military protection of the UK, US and EU, that was when the probability of external military threat was negligible. Europe as a whole has been given a wake up call by the Ukraine invasion and Ireland should discuss, consider, review and imho change its stance on neutrality, and contribute to European defence (carefully chosen word) appropriately.
@@willhqAUS I wouldn't say the probability of external military threat was negligible during WW2 and the Cold War.
@@willhqAUS Ireland really ought not to worry. The UK upkeeps an open border, we're not gonna turncoat over something so little as your EU status. Your people are in our military already. It's shared on all but paper. These islands are guarded.
@@OnlyGrafting Thanks for the reassurance, tovarisch.
Irish border is the sea. The line on the map is the British border in Ireland.
NI has a sleepy land border. Very little trade between NI & RoI.
The border was never an issue but hyped up by EU as they love to agitate and they had nothing to with the GFA.
In fact when the GFA was being drawn up, a Balkans bloodbath was underway, which can be traced back to clumsy German/EU diplomacy.
Ireland is a member of the EU, that has to count for something if it doesn't then the whole EU thing is doomed,
Of course the EU is not doomed indeed it will grow very much stronger, as will Ireland do well from this. The UK may very well rejoin the EU at some stage.
EU resentment is growing here on a daily basis. You never know what's around the corner. A lot of ordinary people are sick of the red tape and bureaucratic bullshit. Immigration, cost of living, a supposedly open EU market where car buyers got raped on import taxes. It's only a free open market when it suits. And it usually suits the wealthy.
Small note for you, it's pronounced Keltic rather than Seltic and British invasion and occupation went on for far longer than 300 years. Plus the "troubles" were kick started in 1922 after independence from Britain. The term British Isles is an insult to Irish people and is a hangover term from colonisation.
Otherwise, great video. Well done. 👍
Lets not mention UK EU rejoining topics for time being huh?.
@@mkmg76 VRT (car import tax) is a purely Irish problem.. The govt at the time managed to skirt around EU law by making it a "registration" tax rather than an import tax. To be honest it's well overdue being brought to court again.
It's just important to clarify that this is entirely a problem of Ireland's making and nothing to do with the EU. For all the talk of "red tape" or EU bureaucracy, I have yet to see genuine examples in people's day-to-day lives as opposed to the actual cutting of red-tape that the EU does for members such as free movement, roaming, single market, etc etc.
@@NMY232 did I say it was anyone else's doing? Of course it's the Irish governments fault but the EU and it's supposed laws for a free market should have exposed this for what it is decades ago and forced it to stop. They didn't. Therefore, they are complicit in allowing the citizens of Ireland to be ripped off.
Again, open market nonsense when it comes to those it SHOULD help most.
Waste of time having anything to do with the EU unless you're a corrupt politician or business person.
@@NMY232 Free movement?? Wow, what an amazing benefit. A major reason we're drowning in unwanted scum. That was designed purely to do what it's doing right now, take the load off western continental countries and spread the disease this way.
They could cancel that in the morning and I wouldn't bat an eyelid.
Trade intensity between Europe and Ireland has increased at the expense of the U.K.
This is really informative, thank you.
We are an incredibly young State and yet we have survived everything history has had to throw at us, from world wars to banking and property meltdowns and then on top of that a Global pandemic. We learned very quickly that to survive in this Global marketplace we had to duck and dive and use every trick in the book to prosper. We make no apologies to anyone for how we make our living as the larger economies in this world would casually walk over our corpse if we were to drop in front of them.
Well done on your presentation, really enjoyed the information I didn't already know
As someone who lives in Ireland. I can tell you nobody is losing sleep over brexit
As someone who lives in England, I can confirm that too. Keep those pervy priests at bay too!
Nobody in the UK either. 🇬🇧
Leperchaun economics is partly why Britain needed a hard Brexit but it will mean nothing in controlling the spread of leprosy unless the CTA is done away with.