I love my country, we put all our eggs in one basket and then sat on them. 🤦🏼‍♂️

@2nd3rd1st

4 жыл бұрын

Well if you're lucky they might hatch dragons

@peteradaniel

4 жыл бұрын

Death to the EU regime is it really?

@vksepe

4 жыл бұрын

@littlebighorn "We must build a kind of United States of Europe" William Churchill 1946.

@vksepe

4 жыл бұрын

@littlebighorn I'm just pointing out the fact that even after 5 years of war within Europe Churchill saw the potential importance a united Europe was to peace and prosperity. He was right.

@vksepe

4 жыл бұрын

@littlebighorn "If Europe were once united in the sharing of its common inheritance there would be no limit to the happiness, prosperity and glory which its 300 million or 400 million people would enjoy. Yet it is from Europe that has sprung that series of frightful nationalistic quarrels". The true fifth column are the stupid nationalists who wish to wreck the peace our ancestors fought for.

I dont understand how in the earth any entrepreneurs can plan business in UK with never ending Brexit.

@AnoshMalik99

4 жыл бұрын

Its total fuckery from 2016 till now

@thomasj5722

4 жыл бұрын

Well they don’t, they go where there is the best conditions for business...

@jamesrogan5953

4 жыл бұрын

yes we must now leave under WTO terms which are fair to trade with the EU. Remember we do not need a damaging pre trade deal paying billions after billions of money we can use inside the UK to the EU. For a posable trade deal which they refuse to tell the UK people any of the details. The Boris no balls hands the EU an open back door to the UK market as the EU demands he agrees to, mean goods from the EU can enter part of the UK with out customs and as the UK can not legaly put customs on goods from one part of the UK to another those EU goods can then flood the UK market with out customs being paid where they entered the UK in NI. Boris has just agreed to many job losses here in NI and in England.

@BadBoyBobby85

4 жыл бұрын

Oh, it's over if it's not done by Halloween. No one wants to be seen trading with a fake democracy like Russia.

@HShango

4 жыл бұрын

@@BadBoyBobby85 very true, but the way you typed it's funny.

My brother in law is a trader and he and a lot of his colleagues have left the city. He lives in Germany now and Brexit played a big part as to why he and many of his friends and colleagues have left.

@jacknewman2328

2 жыл бұрын

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I'm an UK national and vehemently against Brexit. I left the UK to live in The Netherlands, partly because of Brexit. This month I got a job with a previously London based financial company that moved to the Netherlands because of Brexit. I really fear for the UK in the months after Brexit is implemented. It could take years before everything is stable again.

@Genevasplaytime

2 жыл бұрын

cool story bro.

@cb-7422

7 ай бұрын

Oh no! Anyway,

Who cares about £1.000.000.000.000 when you can have a blue passport?

@arcturus8218

4 жыл бұрын

and that money goes in your pocket does it

@akhimie

4 жыл бұрын

"Who cares" you will soon be begging for employment in the EU

@maxfletcher97

4 жыл бұрын

@@akhimie I'm ready to help my country what ever the cost

@DrWhom

4 жыл бұрын

You could _always_ have a blue passport. You could _always_ have stricter controls on immigration. These were _never_ EU-imposed problems.

@timsyoutube6051

4 жыл бұрын

@@DrWhom free movement of workers

NEXT STEP: Free Scotland!

This is the problem with putting something like this to a referendum. The average person does not know the real depth of the issue and mostly votes on emotions or simplistic beliefs rather than actual facts and numbers.

@mt_xing

4 жыл бұрын

The important thing is that you've found a way to feel superior to everyone else

@JoshRimer

4 жыл бұрын

@David Hargreaves And most issues are not put to referendum. That's the whole point of electing representatives to Parliament who can fight for and make decisions on issues relative to their constituents.

@mehdichaabihi7703

4 жыл бұрын

@David Hargreaves so your reasoning for Brexit is that you never had a say in it there for it's not worth it?

@_Jayonics

4 жыл бұрын

Better to give the power to the many ignorant, let them realize their mistake and not repeat it than to hold the power to the top and separate further away from the people giving you the power in the first place. Let's not forget it is a democracy, not an autocracy, and the only reason Britain has had one of the most longstanding governments without huge reform in the world is because it was one of the first to give the citizens power over it's government (however little control that apparently may seem considering Brexit).

@newton18311

4 жыл бұрын

I am a brexit voter, I knew what i voted for, I voted against People who are unelected cannot be sacked reprimanded , who go in a room in secret and make laws for 500 million people, Britain joined a common trade market , Not a political quango.

There has been a decades-long Tory 'strategy': 1. De-industrialise the UK and move to a financial service-based economy. 2. Leave the EU, thus fatally undermining the financial service sector. 3. Desperately seek someone - anyone - to blame when the predictable disaster starts to unfold. Oh well, it's not like financial services are a major industry like fishing. 😂

I look forward to visiting an independent scotland

@moviesjean23

4 жыл бұрын

Skankhunt42 in your dreams

@TzvetozarCherkezov

4 жыл бұрын

@Death to the EU regime That's not just uneducated, but, frankly, idiotic. You seem to have little to no idea what the EU is and how (and why) it operates.

@Dhaiky

4 жыл бұрын

Brexit at the cost of the union. Worth it for the Brexiters but the one that will really earn on this is Scotland. Free from the reign of another Country who never had Scotland's best interests at mind

@zlenkodmd

4 жыл бұрын

@Roger Dodger they do have Greece and they did not tell them to leave EU even during the time of dire hardships

@LucasLima-sz4kg

4 жыл бұрын

@Death to the EU regime All countries obey international rules. Be it NAFTA, MERCOSUL, WTO, UN rules, etc. They're no less sovereign it's just that human kind has evolved enough to know that it's better to coexist than to kill each other. Gammons like you pose a threat to our very existence.

In a nutshell, the rich will carry on having a wonderful time.

@Bennett2142

4 жыл бұрын

Of course they will, cheap Labour everywhere!

@margaretmccormack4710

4 жыл бұрын

James Smith ,yes u can bet on it,

@Dampealx7

4 жыл бұрын

100%

@whoisme678

4 жыл бұрын

Yes they surely will at the expense of the working class.

@NutflX

4 жыл бұрын

James Smith au contraire, in a nutlflex the poor will have a great time throwing gas cans back at the police during protests.

I'm french and i dont want you to leave, i really love your country. But it will be done, so i'm glad to see the money from the City coming to Paris and Frankfurt. Thank you, we didn't asked that.

@frenchdoctor6432

4 жыл бұрын

@Cornelius Cornia I would answer that it is the brexiters who should be thanked by EU...

@frenchdoctor6432

4 жыл бұрын

@Boomer Galactica Perhaps, but the Frexit party, named UPR, has only 1 or 2 % of the votes. It's not for tomorrow

@buggs9950

4 жыл бұрын

Ketama Orif I love your country too. I love my country as well. Because they're different, because they're unique. They have their own traditions and customs and it's what makes them what they are. One unifying government would eventually wipe all that character out. If you love Europe then reject the EU.

@eedragonr1576

4 жыл бұрын

@@buggs9950 out of the EU you just proved you have nothing in common with France.

@SahmAhmad

4 жыл бұрын

The irony is that now a lot of employees of the companies in UK will HAVE to relocate to Europe with them so I suggest you learn some languages and prepare your visas and prepare yourself to be treated as second grade citizens.

In Paris we have several buildings commissionned by financial companies coming from London.

@remconoordermeer7015

4 жыл бұрын

Actually it’s been a competition of sorts between countries like The Netherlands, Belgium, Luxembourg and France... Who can bring in the most British companies?

@meandmetoo8436

4 жыл бұрын

@@remconoordermeer7015 at the end of the day, I think the "collapse" of London will just help the financial industry to spread out more and increase investment in large european cities. London will stay a major financial hub, but now Frankfurt, Amsterdam, Paris, Dublin, Milan and Zürich won't be far behind. Edit : forgot Luxembourg.

@meandmetoo8436

4 жыл бұрын

@Death to the EU regime moving their HQs from London to Paris, it's mostly insurance companies. (That username though.)

@jeanbethencourt1506

4 жыл бұрын

We need to ban usury in the West.

@jamesrogan5953

4 жыл бұрын

yes you need our money dont you lol those companies know the future EU plans for share dealing did not include London. That is why they are leaving.

Mega corporations have done very well Small people have lost their livelihood. That’s the trend

@Gunni1972

4 жыл бұрын

Mega Corps have just bought more Property to "grow",deducting Running costs from Taxes. Instead of hiring expensive Labour. Also, if you get control over an Area, you can Jack up prices at any convenience. Squeezing the renters.

@tinman7814

3 жыл бұрын

will carry on doing well out of the less privilaged with vax investments by the greedy and morally bankrupt

Its reassuring that Dublin said one of its competitive advantages to London was being close to London.😅 4:45

I am surprised by this video by the Economist, I would have expected far more in depth analysis from the Economist. . The UK has had 'looser' banking regulations. As a typical example: Barclays Bank used to be the custodian of the LIBOR management. This is a crucial responsibility that literally affects the interest rate on everyone's credit card around the world. Well the 'looser' banking regulations resulted in Barclays abusing their privileged position, and committing the crime of manipulating the LIBOR rates for their own gain. They were caught after years of manipulation. They should have been regulated into better management. There are plenty more examples of the UKs banking sector running a muck (such as HSBC's record breaking fine). . This story about the UK having any efficiency or superior position in banking is simply hogwash. The 'looser' banking regulations of the UK allowed for criminal activity to run rampant in the UK banking sector. In essence the UK has become a Laundromat for tax evasion and criminal activities, particularly in Europe.. . The EU has begun clamping down on the UK (and Poland and Hungary and Switzerland). This clamp down (in the UK's case) may actually have been the genesis of the Brexit movement. But Brexit or no Brexit the UK has to re-engineer their economy away from their reliance on criminal finance activities.

I think even if everything Brexit is stopped and/or retracted right now, the economic damage has been done by scaring off companies and banks. The consequences of even just that will take years if not decades to manifest fully.

@ELCNUmorFnaMehT

4 жыл бұрын

The damage is already done, but the damage inflicted will still be far less severe if the UK stays in the EU instead of leaving. The UK has embarrassed itself on the international stage and companies will already be scared by the volatility, but at least the UK could limit further damage by remaining.

@user-ei3dq2dw6i

4 жыл бұрын

The brexiteers are very shortsighted not a clue what they voted for

@loutan7903

4 жыл бұрын

@Death to the EU regime I got to disagree with you. Brexit is definitely not a good thing for UK, either economical, political or trade. Nothing will be more beneficial. The only benefit will be corruption tax policy will be relaxed which is good for the rich in UK (that's why they started the whole Brexit at the first place). What it will lead to is, Scotland will soon be separated from UK ( alot of British also said, we don't need them anyway). Well if you are one of them, good luck with you. You will need to rely heavily on US (who is far away from UK). UK chose to mess up their relationship with neighbouring countries and chose to build their relationship with someone far away, is definitely not considered geopolitical benefit. Good luck.

@loutan7903

4 жыл бұрын

@Death to the EU regime And tell me how does Brexit help with the situation? Most importantly, please answer this, after Brexit, what is the attractiveness of UK for foreign investors wanting to invest in UK?

@billmurray9485

4 жыл бұрын

Louis Tan if you think trade dictates to distance in today's world then it shows how little you truly know. Go tell the people who's coastal towns have been destroyed by EU fishing laws what you just said. You are not an expert so don't make predictions like they are certain.

imagine going from a massive colonial power to just england and wales

@jake4101

4 жыл бұрын

@Mack Sarnie imagine becoming the 51st state of the USA

@user_____M

4 жыл бұрын

@Mack Sarnie well, in my NATO enriched country in Eastern Europe the US embassy visits all the mayors in important cities and imposes the mayor's aids. Actual mayor said this. I imagine the leash is looser in the UK but as long as any country has military units stationed, what do you think it means?

@imedi

4 жыл бұрын

@Mack Sarnie have you got proof of being absorbed into a european superstate same difference ...Because as a small nation now the uk will dance to trumps and chinas tune welcome to the real world you got your wish now sit back and watch....This s*** is now only starting

@imedi

4 жыл бұрын

@Mack Sarnie the driving principle of some in the EU is a closer union indeed even a united states of Europe.. However that is not the belief of the vast majority .. you often heard of the scaremongering of remain that is scaremongering from the leave side

@stephentaylor2119

4 жыл бұрын

@@jake4101 Better than a province of Europe!

Could Brexit end London's financial dominance? Yes.

@michaelmouse4024

4 жыл бұрын

Yes you're totally right. I think I must be literally the only person in the whole world who thinks Brexit is a scam and a mistake cos it's all going so well isn't it? But that must be because of all those nasty MPs and Judges and EU types trying to stop it rather than it being an impractical load of lies told to stupid people by spivs and conmen. Follow the link and ruin your day - www.thetimes.co.uk/article/brexit-voters-are-less-bright-than-remainers-7nk8s3272

@pandorapiam3374

4 жыл бұрын

Boris has said he wants to make the UK like "Singapore on Thames". Sounds a bit like London to me.

@imedi

4 жыл бұрын

@@joebryant8500 That was a gerorge Osbourne who was using the usual instant scare story as he did with the scots independence referendum vote to leave the union.. VOTE LEAVE and the money in your wallet will be worthless monday morning and it worked... However brexit is bad news for the UK unless it plays ball with the EU if it does not then companies will then have serious decisions to make ,, No company over the last 3 years was going to spend millions leaving simply on the notion of what BREXIT might look like so they will wait.. But if its a NO DEAL then i have no doubt jobs will be lost and brexit will be a disaster simple maths for exporters there is a 450 million market place in the EU 70 million here manufacturing companies did not leave japan to sell goods made here to sell them back to japan they set up here to sell to the EU if that is hindered which so far it has not then its trouble those container ships still operate in exactly the same way as they did before the vote if that changes then MR OSBOURNES prediction will come through

@imedi

4 жыл бұрын

@@joebryant8500 Whats the matter ....Have i said something that hurts lol

@imedi

4 жыл бұрын

@@joebryant8500 lol is right wonder who the joke is on though 👍

As a Londoner, this story should cause me concern, but it doesnt. The truth is, the life I've lived has only seen life in London getting more expensive and exclusive largely because it seems that London feels like it has an active plan to put pressure on the regular person to give up and move out and to surrender the city to the kind of demographic that works in and feeds off this market sector. Maybe the economic/market hit the UK is going to get with the fallout from its move to Brexit, will in its own way provide space for those millions of regular people to be able to remain rooted in the places they want to stay and thrive. London might be rich. Bankers might be rich, but most people I know have never had it so hard.

Soon as Scotland leaves England I'm leaving with them

@SuperGreatSphinx

4 жыл бұрын

en.wikipedia.org/wiki/Scotland

@socreative

4 жыл бұрын

@James Sharp and?

@socreative

4 жыл бұрын

@James Sharp it's ok James the Bot. You're trying too hard here. Go tell your line manager in Olgino that you failed

@fredhampton321

4 жыл бұрын

@James Sharp the truth is Buddy that everybody is going to leave England and the economy will crash 😂😂

@tourmaline1810

4 жыл бұрын

@James Sharp and Scotland is under a tenth of England's population. Not bad I'd say.

Hm this is actually a new information. I kind of assumed that Frankfurt would be the next financial center but seems like it will be more widespread.

@mweskamppp

3 жыл бұрын

Yes it is. Dublin, Paris, Swiss, Frankfurt. One bank just moved about 250billions in assets to Frankfurt.

@hansheinrich958

3 жыл бұрын

@@mweskamppp And Amsterdam and Luxembourg

Omg use a headset for Skype interviews. (echo)

Of course. This goes without saying. When u abandon ur historical trajectory for something retrograde everything will suffer, but a course correction should still be possible. Let’s hope.

@WOEEW

4 жыл бұрын

actually no, Deloitte, KPMG E&Y and PwC Could effectively launders money on an exponential rate than before

@Elghast

4 жыл бұрын

Diogenes Of Sinope definitely not in the UK

@WOEEW

4 жыл бұрын

but they do sorry

@davesan1241

4 жыл бұрын

SirVixIsVexed nigga shut the fuck up this is Internet. It’s how people shorthand

@moreplease998

4 жыл бұрын

@@davesan1241 It's how people shorthanded when phones had the keyboard as part of the 12 key dial pad. It was acceptable then. Now, in the era of full keyboards on phones (physical or on screen), swype and predictive text it's just a bit lazy, and this is assuming that the person is on a phone. If the person is typing on a keyboard then it's pretty poor form and fair game for judgment.

"Could Brexit end London's financial dominance?" Thats indeed very possible. The main reason why London became such a financial powerhouse is, that its having direct acress to the Commonwealth-countries AND to the EU-countries.

@Mo-mn7kc

4 жыл бұрын

You mean londinum, city built by Romans among with major cities in uk 😂. The nationalism of Britains smh

@karlfranzemperorofmandefil5547

4 жыл бұрын

@jj d the EU has some of the best trade deals out there , Britain is one tiny country and won't get terms that are even close to what the EU gets currently.

@funkeypigeon

4 жыл бұрын

@@karlfranzemperorofmandefil5547 by one tiny country, you mean the 5th largest economy in the world and the 2nd largest financial centre? Sounds so tiny...

@karlfranzemperorofmandefil5547

4 жыл бұрын

@@funkeypigeon the financial center part won't last it's already dwindling with banks moving the Frankfurt and Paris. And yes that's what I call tiny in comparison to the by far largest economic block in the world.

@ddandymann

4 жыл бұрын

@@Mo-mn7kc Yes, as was Paris, Rome, Istanbul and many other European cities. What's your point, that we should all reform the Roman Empire?

WOW! Final season of Brexit is coming to an end! Don't worry guys, even though BBC is discontinuing Brexit apparently Netflix bought the rights and will do a spin off. Its going to focus on Post-Brexit Britannia. Netflix wants the show to have more action than drama though, kind of Children of Men meets Mad Max. George Miller rumoured to write.Its gonna be great!!!

@stefanb6539

4 жыл бұрын

@Anne Isopod Wow, your impression of a rightwing tool is spot on! For a moment I thought you were serious, but the muslim extremists fighting on british streets really blew it. You got a real future in comedy!

@stefanb6539

4 жыл бұрын

@Anne Isopod Oh, you are hilarious! Now you need to mention George Soros and the Rothschilds, too! And can you include a bit about saurian races and mind control vaccines? I love it, when rightwingers go full wacko!

@stefanb6539

4 жыл бұрын

@Anne Isopod Yay, you even dug out the term "strawman" to project an ounce of intellectual superiority! That is genius! I wouldn't have thought of it, but you are absolutely right! That "Oooh, I am so rational, watch me use logical terms!"-trope is so clichee and sad, a real rightwing drone just had to use it. And you executed it just perfectly, without any relation to anything I said, to show, that you don't even understand what the word really means! I love it!

@stefanb6539

4 жыл бұрын

@Anne Isopod Oh, you caught me! I have two feminist rallies simultaneously at my house right now, I don't know anyone, and they are all called jamal! (At least, that's what they tell me). Only, I don't play path of exile, that game is much too hard for me. The idea to put in a random caps-locked RACISTS into your post was brilliant as always. It makes so little sense, it almost breaks the rules of grammar. Perfectly in character for a rightwng tool! Now, who do you think is really behind the EU's evil plans? Come on, don't let me hang dry on that one. You MUST have a theory on that!

@maritiafeighan7129

4 жыл бұрын

Let's not forget the risk of violence in Northern Ireland and that it will affect those in England, just look at news reports on the financial area of London getting bombed by the provos. Season 2 of The Troubles has been rumored about for a while but the leaked scene of The New IRA shooting at the PSNI and murdering the journalist Lyra McKee has got most believing that season 2 is coming soon, much to the dismay of those where it will take place.

Hopefully we'll be back when the lies of Brexit are laid bare.

@bone4k

4 жыл бұрын

They will find scapegoats to put the blame onto...

@black2.017

4 жыл бұрын

Let's have another vote when most of the elderly die of covid shall we

@MultiXtrailer

4 жыл бұрын

The world's seen things like this a few times,when poverty hits in, it's going to be a verrrrrry fast paced re-election and re-join. Especially after the big dog brexiters get exposed on how big they won from this scam.

/there is one more, important thing - the quality of life in Britain and London, which is absolutely sh*t comparing with EU and will become worse. People in Britain live in terrible, tiny apartments, paying lots of money which is very shocking, hence it is simply not attractive to be there. At the same time, people in London allow to sell beautiful mansions to rich oligarchs from Russia, China and Middle East, which makes some neighbourhoods such as Knightsbridge, Mayfair or Chelsea not affordable. AND With Brexit, living in the UK will be even worse. You can have much better living standards in Germany, France, Austria, Denmark or Netherlands.

@Vincer

4 жыл бұрын

Maybe that may become one of the few (and perhaps only) pros for britain; If it trully dies out as europes financial center and increasingly so in the long term then lots of these properties will vacate, and if brexit really rocks britain into an crysis many won't be bought, and that could lead to some day mansions dying out to make room for the growing city. That coupled with the status loss will mean a decrease in housing and living cost in london at some point- so cheers for cheaper london living? Probably on a much shittier london but hey, at least thats something

At about 6:20 the dude who doesn't plug in headphones during his video chat lol lol lol

Could it? Most certainly will. Amsterdam and Frankfurt say Thankyouverymuch!

@maximilianotorro527

4 жыл бұрын

YAY AMSTERDAM AMSTERDAM!!!!!!

@johnsnow5264

4 жыл бұрын

They say Dankeschon!!!

@BewareOfTheKraut

4 жыл бұрын

Don't forget Paris and Dublin! It's gonna be a tough internal contest which will evolve into a very efficient and gaining EU in terms of world wide finance. It's called evolution (described by a very smart Englishmen) - mutation and selection. Mutation just taking place. Selection will sort out London.

London is overcrowded and property prices off scale, so it's great this financial stuff gets relocated to Europe.

@googlereviewer1944

4 жыл бұрын

@Death to the EU regime No crumbs. All the big companies have already or will be relocating away. Honda, Nissan etc along with all the jobs that they brought.

@googlereviewer1944

4 жыл бұрын

@Paul Nolan Not a stupid comment at all. You must live in sticks.

@googlereviewer1944

4 жыл бұрын

@Death to the EU regime They're gone mate. The only thing they're leaving behind in the UK is increased unemployment. You better get Googling on how to claim benefits when you're out of a job.

I actually fear the reverse. That Britain could become a tax haven right there, at the EU's front door.

@Leelicious1312

4 жыл бұрын

Luxembourg, Switzerland, and Netherlands would still be too convenient to have your company in. But maybe in 50 years, yeah you could be right

@902d

4 жыл бұрын

Why do you mean fear? That sounds awesome!!

@SD-tj5dh

4 жыл бұрын

@@902d because it wouldn't trickle down to the people who need it most. Our government is too archaic and feudal like to properly distribute any capital gains.

@shanehughes3511

4 жыл бұрын

@@Leelicious1312 dont forget Ireland and Hungary. Two EU states with super low tax for companies and in the EU. Britain would never be able to lower its tax as low as Ireland, especially when outside the EU. It would ruin their economy.

@didierlemoine6771

3 жыл бұрын

u mean companies in Britain not paying any taxes ? whose gonna pay taxes in Britain, rich or ...... ?

Great video, thanks!!!!

1:10 Wow The Economist journalists interview The Economist journalist :)

This is disastrous for food delivery workers

@britopia1341

4 жыл бұрын

Tovarisch Urrraaa 😂 What?

@NEWz206

4 жыл бұрын

@@britopia1341 When many companies pull out of the city,Food delivery goes down too

@britopia1341

4 жыл бұрын

Tovarisch Urrraaa Can’t wait. There are too many people in London. It’s an unsustainable amount really.

Excellent! Shared

Many things are uncertain. On many topics it's highly speculative how big the impact will exactly be. Like the amount of additional bureaucracy. But in some areas the effects are already clear. The EMA and the ECHA are gone. And the Euro clearing has to be done inside the EU.

@xm3405

4 жыл бұрын

If the Euro didn't exist almost every financial firm in London would be in Amsterdam right now.

The EU and in particular the European Commission definitely need to be overhauled in terms of efficiency and transparency. However because the political leaders in the UK are predominately people with precisely no character or integrity and thus incapable of being a positive influence in an organization like The European Union. Indeed their petty identity politics antics are leading this country off an economic cliff the consequences of which they cannot possibly predict!

The Irish guy.....’because we’re close to London’.

@2:00 on wards, nail on the head.

The economic problems are darkened to the viewer in the public..Totally unclear..The public perspective was to stop immigrants crossing the English channel into Britain..but the consequences involved was not originally spelled out for the public examination..British Economy will drastically dragged down by these unreasonable Brexit prepositions.. mass exodus of British intellectuals to Amsterdam or Germany even France are notably occurrence..We are no more in the Age of Empires or Colonial era where forces of superiority were inadvertently gallivanting in places they never belong

@hansheinrich958

3 жыл бұрын

I think the UK will realise that soon enough and mabye then will be a chance that the UK rejoins the EU or wants very close relations with the EU like Switzerland or Norway

When the City of London was an EU city the EU had a vested interest in supporting its rise world dominance. The City of London is no longer an EU city and well, you know how these things go.

@Genevasplaytime

2 жыл бұрын

The Eu is dying you fool birth rate supplemented by turks hahaa

It's like when the Patzi banished the Medici from Florence.

@2010sourabh

4 жыл бұрын

So much assassin's Creed 2 no?

@cos3

4 жыл бұрын

@@2010sourabh It literally happened in history. It was a huge deal at the time in the city of Florence

@alfredttarski4521

4 жыл бұрын

Pazzi ...

@2010sourabh

4 жыл бұрын

@@cos3 is assassin's Creed 2 an accurate depiction of history?

@otmanh

4 жыл бұрын

Swedish Bear No, Assassin's creed is a video game

We saw an sharp increase on the British pounds exchange rate when the Britain decide to delay the date of briexit, and what behind it?

@DrWhom

4 жыл бұрын

market optimism about the catastrophe being a little less imminent I think you knew that

Not it won't.. London has the financial infrastructure like no other in Europe

i see a great opportunity for people to sell opioids.

@treeman101

4 жыл бұрын

haha

@drunkensailor112

4 жыл бұрын

Love these KZread comments. Lol

"will we get a deal" - "will it be no-deal?" - "nobody knows the exact cost" - "what does Brexit mean?" "£350million a week for the NHS"! - "the entire population of Romania will move to the UK if we remain"... etc etc etc... all these commentaries just demonstrate that NOBODY knew what they were voting for in 2016. In a real democracy you know what you're voting for BEFORE you vote - not 3 years later. If the ref had been a legal contract it would be deemed VOID because those signing it didn't know the TERMS of the contract. If anyone thinks that's democratic, I have a contract they can sign here & I'll tell them the TERMS in 3 years time. If politicians want to break this political deadlock then give us a 'democratic' vote - which means - negotiate whatever 'deal' the EU is willing to give & then put THAT deal to the voters with 'Remain' as the alternative. It would be the first 'Democratic' vote we've been given on the subject - because in a 'democracy' you know what you're voting for BEFORE you vote - not 3 years later.

Great video

Funny how Economist young staffers immediately start to jot something down when interviewing Economist senior staffers and just smile away listening to other interviewees. Very professional. :) On the other hand, the interviewees are so profound that they probably deserve it, like citing Amsterdam proximity to an airport (Schiphol) as a big advantage vs London - that sits on six airports.

If the City had spread some wealth around the rest of the country it would not have happened.. Self inflicted

Lol yes it is, all british politicians secretly know it.

So many colonies struggled so much in the past to get rid of the British Empire. It so ironic and kind of fun to see Britain struggling to get rid of EU these days.

@EspritsFantomes

4 жыл бұрын

marcelo u. 😂😂😂

@Genevasplaytime

2 жыл бұрын

Its funny to see you speaking English which powers our cultural hegemony and will continue to do so for infinity. you are in essence a walking battery and so will your children be.

the root of this movement was laid by Referendum Party started back by one of bankers (James Goldsmith ) member of Banking family has huge influence and most of them are conservative so I can say it is start of new financial dominance

@michaelmorrison8714

4 жыл бұрын

rothschild

@max477

4 жыл бұрын

@@michaelmorrison8714 ya part of that 1 % club

Just what Russia wants

@charlesuzozie5747

4 жыл бұрын

Wdym?

@AeroJimm93

4 жыл бұрын

Right-o, pal, this attitude will get you far.. Russia, Russia, Russia.. How about we blame the unelected cocksucking bureaucrats, no matter where they are, the City, Brussels, DC, or Kremlin? I'm sure normal people from all over the world want the same thing: a bit of stability, and dignity, and accountabilty. Get on with the times mate, we're going international soon enough

@ogribiker8535

4 жыл бұрын

Sadly yes, a weaker EU infighting in NATO unrest and meddling in elections all over the globe and an idiot in the White House. They are just laughing at western 'democracies'.

@koutatakanashi4435

4 жыл бұрын

Russia wants higher economic growth cuz it increases demand on goods increasing price of oil. You can tell any bullshit you want, but it's hard to want an economic stagnation of your main customer (europe) that always leads to lower oil price when 40% of your budget is direct oil money and ~15% is indirect.

It is not only about bankers guys. It is also about all those companies that come in London form the US that for a sort of embassy for that company to European markets. The reason they are in London is because of English.

@allmendoubt4784

4 жыл бұрын

Add all of Asia to that.

@ON-YT

4 жыл бұрын

@SteinbrecherBack yes that is true but the UK will lose jobs, that is the whole point of discussion. Otherwise it is smooth sailing.

@eedragonr1576

4 жыл бұрын

@Chalet N wonderful then don't ask any longer EU countries to let you invest there.

@lating911

4 жыл бұрын

As an American myself, I speak fluent English, Italian, and Spanish. I also know basic German,Swedish, Portuguese, and French. Not every American has this mind set where we find other cultures obsolete. Personally, I wouldn't invest any of my money in the UK at the moment. Many people that are part of my generation in the U.K. , are still very upset with Brexit. There were a lot of UK citizens living abroad in Europe, that didn't want to leave the EU. Either way taxes will go up and they'll have to pay a huge leaving fee over the next few years. I'm positive no one wants higher taxes. The US is a melting pot though too. Whether this person wants to address it or not. Spanish is becoming the second language to know in the States. The Latin American market is huge, and the music and food is very popular in the states. Whilst English is the official language, it does not hurt to know another language. If anything it opens more doors.

@speedzero7478

4 жыл бұрын

As someone that lived and did business in Japan, I can confirm this--Japanese already feel comfortable with the American market that the similar language aspect is appealing for setting up shop in Great Britain.

The Politicians failure to sort this out will see more and more companies running out of the UK. We need Brexit sorted quick for everybody. We need to move on and sort out the madness before there comes a tipping point where the damage cannot be repaired.

Yes but actually no....

When you can see an Italian talking about something... Just wait for their best card - "switching sides".

@Monkeyshouts

4 жыл бұрын

So true! WWI... the Euro... what else?

@reno.zed1

4 жыл бұрын

Omg an East European being funny about a stereotype of another country, what a surprise. There is anything else that you do over there beyond being racist, eating shit, complain about the rest of the world and trying to move somewhere else?

@rommel17pl

4 жыл бұрын

@@reno.zed1 oh nooo, poor bastard, you've meant history not stereotypes? :( Not even will say anything about racism faced in Italy, lol. But yes, play RACE CARD! :D

@reno.zed1

4 жыл бұрын

@@rommel17pl est less shit mate, that's fucking your brain :-)

MORE CONCENTRATION OF MONEY LAUNDRY !!!!

Good job too! About time the merchant bankers(rhyming slang) have had their day.

Yes, London will be outside of the EU-zone, then who would need that for their European offices ? It will be for virtual offices, but not for legal departments.

Why do I get the feeling the Brexit will improve the UK's economy tremendously.

@danielherold6158

4 жыл бұрын

It's a feeling, it is.

@samahamara8543

3 жыл бұрын

How

UK needs to find a country to lease for 99 years for their financial industry to thrive!!!! South East Asia maybe?!

@BlackTeethMedia

4 жыл бұрын

Or just keep the city state as a overseas territory as the beginning of a new empire

@kubli365

4 жыл бұрын

@@BlackTeethMedia looks like Hong Kong's back on the menu boys

@stephentaylor2119

4 жыл бұрын

Hong Kong, who are waving Union Flags, wishing that lease was another 99 years.

@DoubleUp9999

4 жыл бұрын

@@stephentaylor2119 British Hong Kong! Those were the GREAT old DayZ!!!!

@stephentaylor2119

4 жыл бұрын

@@DoubleUp9999 The people of HK think so.

Just moving wealth extraction from one country to another.

What this tends to not mention is that it’s only the departments that need to relocate to facilitate business with the EU. The rest of each business is staying put.

can you make it less boring?

Iron and clay will never mix.

@adrianhutabarat1736

4 жыл бұрын

El Cid Granada what does that even mean?

@IronMan-wz8dx

4 жыл бұрын

@@adrianhutabarat1736 some religious stuff. Not really important.

@elcidgranada3549

4 жыл бұрын

@@IronMan-wz8dx well since its insignificant people tends to not understand it. But its been proven over and over after rome.

@SD-tj5dh

4 жыл бұрын

The divided world at the foot of the statue. The prophetic dream in the book of Daniel. I'm not a religious man, but it's clear that our world hasn't been this divided and broken since the dark ages.

@JFast-si8xu

4 жыл бұрын

@@SD-tj5dh only in your social account. For a long time peoplefrom other continents where not even considered humans. Barbarians to be crushed. Now people are worried about the fate of other people like hong kong or the kurds. We are more connected then ever in a way. It is not all doom and gloom. Number of wars is down, number of civil wars is down, world hunger is decreasing. Don't think that the brexit divide and the american rep dem divide is al there is.

Why do think the French macron is rubbing his hands with glee?

Spectacular! more eloquently put than Jeremy's take on it

Does it matter if those assets leave since no one who owns any assets pays any tax here anyway? Whats the loss?

@TashaShaMus

4 жыл бұрын

Loss of jobs though.

@charlottemarceau8062

4 жыл бұрын

@@TashaShaMus Whose jobs?

@stackootb9822

4 жыл бұрын

Charlotte Marceau anyone who works in the financial industry or any industry adjacent to it(pretty much all industries at this point)

@charlottemarceau8062

4 жыл бұрын

@@stackootb9822 I thought we bailed the financial system out in 2008 because these people were crap at it.. and greedy and didn't add anything of any real value to the world. Don't tell me people still doing it? Omg...

@stackootb9822

4 жыл бұрын

Charlotte Marceau equity management and assets management are pretty valuable skills in a western economy

My Question ( Dont know if its silly or okay). How will Brexit affect the ongoing Us-China Trade war? what will be the affects on developing nations? Economically and ecologically.

@Udontkno7

4 жыл бұрын

Mayank Singh good question!

@LucasLima-sz4kg

4 жыл бұрын

1) None. 2) None.

@GhostlyJorg

4 жыл бұрын

a no deal brexit could set off a global recession

@danculea7865

4 жыл бұрын

Usually, a reduction in trade between two countries will cause a smaller increases in trade with all the other countries. The need for a certain product doesn't dissapear, not completely at least, if trade barriers occur, it just means that the cost goes up and/or availability goes down. This means that products from 3rd party countries that were initially less competitive than what was traded at a time suddenly become more competitive in turn driving up sales (1). The total increases in 3rd party countries are expected to be lower than the total decrease in both countries in a trade war due to the fact that the competitiveness of products from 3rd party countries remains the same relative to all the other categories of products available (2) and because the investors have to make decisions in a riskier market and are therefore are more reluctant in making investments that can generate growth. 1. You have bread A at 1$ and bread B of equal quality at 1.10$. Normally you'd buy bread A but due to tariffs imposed on bread A, it now costs 1.20$ making bread B your natural choice. And since a lot more people buy bread B, the profits will go towards the country of origin for bread B, a country that is not affected by the trade war at a loss for the economy producing bread A. 2. The price for bread is now 1.10$ (bread B) while potatoes are 1.00$ (price unchanged from previous months). The price for bread relative to that of potatoes (and all other non-tariffed products) has increased and while you may buy more potatoes and less bread your overall spending increased if you buy the same products in the same quantities. Apply this on a global scale and you'll notice that the overall efficiency of the system has decreased (you buy less for more). Q: How will Brexit affect the ongoing Us-China Trade war? A: 1. Brexit will make the UK and the EU poorer (the UK more than the EU) and everyone else richer (including the US and China) 2. The US-China trade war makes the US and China poorer (more China than US) and everyone else richer (including the UK and the EU) 3. Everyone - net increase The UK, the EU, the US and China have to balance their loses and their increases (overall decreases should outweigh overall increases, but there could theoretically be a small increase for one or the other, relative to severity of 1. and 2.) Subtract the loses created by decrease of investment in the markets in the 4 countries in particular with a smaller ripple effect globally (they are the 3 biggest markets in the world, by far)

@jamesrogan5953

4 жыл бұрын

The Us a trade war with china has nothing to do with us apart from china needing to sell supplus goods at lower costs than those fro the EU which will see shop costs here in the UK drop but thats only if the UK get out under WTO terms.

Interesting video, but the editing is all over the place. Less emphasis on the researchers perhaps?

You should make another video now that there is no financial services in the EU-UK trade deal 🙂

No level playing field taxes in the Uk will be cheaper......Frankfurt is smaller than Canary Wharf even...The EU ARE DYING

Can't wait to see the future of the UK after Brexit 😂

@CatholicWeeb

4 жыл бұрын

Think of Venezuela but less dramatic

@Lisa207

4 жыл бұрын

Anne Isopod I won't even waste my time giving you an answer

@BewareOfTheKraut

4 жыл бұрын

I loved to watch the comedy "Little Britain". Never thought it would come true, though.

@Genevasplaytime

2 жыл бұрын

@@BewareOfTheKraut Think of the comedy ww2 where the krauts got absolutely ravaged by russia and now its turkey haha

@BewareOfTheKraut

2 жыл бұрын

@@Genevasplaytime I don't know the comedy you're refering to. Russia now is Turkey? You seem to be a bit confused...

Sad to watch

It won’t be the only reason

Isn’t New York a top financial centre, and they are not in the EU?

@Lolalai

4 жыл бұрын

Yes, but it did not severe ties with a bigger trading bloc than itself. Also think about the US's population; the UK can hardly compare.

@franwex

4 жыл бұрын

So is Hong Kong and Singapore. London will be fine.

@namenotfound8747

4 жыл бұрын

It helps to have the third largest nation by land, a sizable part of it can grow almost anything you want (UK at 78th), 23.6% share of the global economy(UK owns 3.3%), exceeding 21 trillion USD(UK 2.83 trillion). The US essentially has a continent behind it, the UK has the mightiest island the world has ever seen, but it's still an island.

Scotland wants to stay in the EU.

I get it, 1 trillion dollars is leaving the city of London but how much money has been flowing into it and how much is still remaining? That figure might just be a drop in the ocean compared to what’s remaining in the city and better yet still a significant amount for the common man but not these juggernauts...

There's even a Netflix series that predicts it.. Bad Banks.

London has been a financial hub for a long time and that will continue after we leave the EU.

@BewareOfTheKraut

4 жыл бұрын

You just defined a Britopia.

@robbietorkelsonn8509

4 жыл бұрын

yes, all the way from Penzance to Newcastle-Upon-Tyne

The common working man see s none of londons cash

@DrWhom

4 жыл бұрын

...but will feel the pain when the City's financial services industry collapses. Make no mistake, all the EU countries have to do is withdraw their pension funds from England and it is done.

@exiletsj2570

4 жыл бұрын

I think thats rather short-sighted.

@Thrill_Hou

4 жыл бұрын

Yes you do You just don’t realise

@sandysimpson4785

4 жыл бұрын

He should be alright then!🙄🙄🙄🙄🙄

On an unrelated note, anyone noticed the 'noise' at 1:09?...

@stefanb6539

4 жыл бұрын

Nah, seriously that was your dog. It isn't even on the video.

Another factor is that we can't build anymore runways because of our climate agreements with the EU, Amsterdam has 6 runways and Frankfurt has 4 in their main airport but London only has 2? How is that equal competition between EU countries? If people aren't travelling via London then it is less convenient for companies to set up here. Secondly, the people in the house of commons that opposed the democratic vote of the people created uncertainty, no one's going to invest in a country with an uncertain economy. If we'd have just got on with Brexit and made plans to build another airport in the UK or something equivalent which will allow for more air traffic, none of this would be happening.

I think you should've renamed it When Brexit will end London's financial dominance, because it will without a doubt.

The vultures are circling London..

@armitylekhona585

4 жыл бұрын

@Death to the EU regime no

@armitylekhona585

4 жыл бұрын

@Death to the EU regime 😂 okay we shall see

@jamesrogan5953

4 жыл бұрын

You will find the rest of the UK does not care much about London so Brexit here we come,

@anonUK

4 жыл бұрын

That's because they're just leaving.

Of course! We knew that before it even happened.

Perhaps, but after Brexit, London could then sell itself as a haven for those rich people who want to escape EU financial regulation. Just you wait. In a few years, we’ll be hearing about the UK becoming the new Switzerland or Caribbean.

@lordadrius5714

4 жыл бұрын

If you put Switzerland in the same basket as the Carribiean you don't know what you are talking about. Switzerland is so prosperous due to stability. People trust swiss products and rich people chose swiss banks because they trust that it is safe even during a financial crisis. The UK, showed on the other hand that it is absolutely unstable...

@bobd2028

4 жыл бұрын

Just Wait™

@lordadrius5714

4 жыл бұрын

@Death to the EU regime I never disputed the fact that Britian is a very attractive country for the financial industry. I am not sure if you watched the video that you are commenting under, but if you have, you should now know that the main reason for this, is not stability. The video gave a lot of reasons why Britian is attractive and what a wonder stability was not mentioned. And now onto how stable Britian is: 1. Britian had a referendum years ago, still is not sure wether to act on it or not, has a devided parliament, has a devided population, has protest every day. 2. Scotland already held one independence referendum, may hold another one, Scots hate Brexit and love the EU, so stronger support for independence in post-Brexit is very likely. 3. With Northern Ireland Britian has probably one of the most unstable regions in the whole EU. Brexit, depending on how it is carried out, could again destablize the region. 4. Britian is largely dependent on trade with the Eurozone, for basic supply like food and medication, but also for their exports. Thus I do not see how stability would be positive for the UK compared to other more stable EU coutries like Sweden, Finland or even Germany

At least housing in London will be cheaper.

If London loses prominence due to brexit, will property prices go down so that ordinary waged people can afford to live there?

How much of Tax Evasion and Tax avoidance from the Crown Dependencies islands will be declared before Uk leaves EU..????

@solentlifeuk

4 жыл бұрын

The British Govt is not Declarant ... the London Corporation is. And they will never open their books. Over 40% of worlds finances pass through it ...

Of course, financial hubs don't build on vacuum, they build on places that people already have a reason to come, so every financial hub has a foundation that attract people. London's foundation used to be the heart of an Empire, after that, UK market themselves as gateway to the single-market. Brexit threatens that foundation. Change do not come easy or fast, but if you give people a reason not to stay, they will go away.

@mrg-ghx8052

4 жыл бұрын

There's much more to it, there's the amount of quality graduates, there's a convenient time zone and theres the English language. We will keep all these things intact after Brexit!

@jaybodz9124

4 жыл бұрын

Universities will be negatively impacted by Brexit, given that much of their funding comes from the EU. It's why universities are so against Brexit. English is taught as a second language across the world, which has left us behind. Another way in which the government has failed us. The statistics shows that less foreigners are coming here. Why would they, given the racist impressions that are given off by Brexit Britain.

@biocapsule7311

4 жыл бұрын

@@mrg-ghx8052 No, it's usually people that move to places in search of better lives. Not the other way around. People move from small town to big cities etc etc. Since when have you heard of business moving to some place at a lose for the quality of employees. Quality work force will and can be complimentary but it's as far as I know, never the foundational attraction. Granted people, hence business do not like changes, so should Brexit be smoothly managed, the decline will be slower. Due to business not moving if they don't have a reason to. But Brexit just gave them a huge reason, it is inevitable.

@mrg-ghx8052

4 жыл бұрын

Brexit has been on the cards for 2 years yet in summer 2019 London once again became the financial capital of the world beating New York, Tokyo and every EU country there is to that top spot. Think about that, and then think about Brexit, then think why the EU don't want us to leave. We will not only be competing, we will be dominant. The euro zone is skint, London will be the leading force behind the worlds finances, including theirs and outside the EU...

@mrg-ghx8052

4 жыл бұрын

@@jaybodz9124our country has been obliterated by immigration. We used to let in 30,000 per year until the last labour government decided to flood the land with "diversity" and that number has been more like 300,000 per year since and that's just the ones we know about. That's why we have no school places, that's why the NHS is overwhelmed, that's why we have a housing shortage and it was all done in the name of "growth". There's plenty of foreigners here, problem is we've lost control and sight of whos adding value and who is at our cost...

I don't know mate, this little report seems a bit biased to me. Journos gotta eat, I guess...

I think that Boris is finally realising that he backed the wrong horse.

It seems to me that The Economist is trying to bring a little optimism to the fans of Brexit. Something like "Don't worry! We'll get over it and London will still remain the same powerful global financial center as before!" So The Economist is a fan of Brexit. I got it. But I think that they are wrong. Things have changed after Brexit in a way that brexiteers have never thought that might be possible. London has a lot to lose from Brexit. This is only the begining.

I wish UK good luck, saving its banks, without the help of the EU on the next financial crisis coming after brexit in the next years

@richardhills6952

4 жыл бұрын

Thomas Karbe and good luck to the eu with the Mediterranean countries in debts let’s see how longer now the northern eu countries without the uk can keep bailing them out

@thokar81

4 жыл бұрын

@@richardhills6952 haha with the implicit debts from social system UK has more debt then greece

@richardhills6952

4 жыл бұрын

Thomas Karbe the uk doesn’t have that much debt and the debt is higer for Greece as it’s done in comparison to its economy which is smaller unlike the uk which has a bigger economy

@richardhills6952

4 жыл бұрын

MR Spoon u do t have to use the euro to bail out Greece that was done by the ecb whii u ch every b NBC action in the Eu has to point pay money to o and also Germany is expected to go on try o recession soon and with loss of the uk which is a huge market for Germans businesses as well as being in the middle of the us and China trade war Germany will go down

@thokar81

4 жыл бұрын

@@richardhills6952 UK is welcome to fight the trade war against China, EU, India (former colony) and the Rest of the world in the future on its own, I they need to do it, they should have their chance, to prove themself, you can have your tea party and your brexit. Ever heard of these dark ads in Facebook when the vote was? The brexit was caused by manipulation in the cyberspace/facebook. Someone is playing divide and rule (Divide et impera) with the countries in Europe. The Brexit guys are only looking on the numbers of paper money and don't see the whole game here. I think the EU money printers are bigger then the printers from the UK.

OF COURSE IT WILL it's the end of the UK as they know it good luck

@black2.017

4 жыл бұрын

@Sebby 94 the uk is ruined after brexit and covid 19 45% of Britain's GDP will be lost we will be backs to 60s and 70s while the rest of the world will flourish!

@HughMyron372

3 жыл бұрын

BlaCK2.0 Yeah no, you have no idea what you’re taking about

Holy sh*t 1 trillion pounds assets leaving London

So will Europeans apply for Uk visas and vice versa going forward?

And all because the "Spartans and the far right Tories" won't give up their wet dreams of a one world economic system in which Sterling is the central currency like they did in the 1950s.

@Heaz847

4 жыл бұрын

Isn't that what the EU wants to do with the Euro though? At least the UK only wants control of their own market rather than other countries as well

@plerpplerp5599

4 жыл бұрын

@Here and There Yeah, whatever. The term "Spartans and the far right of the party" was coined by Conservative member, Ken Clarke. Hmm🤔

@plerpplerp5599

4 жыл бұрын

@Death to the EU regime The Euro, like former Sterling area and US dollar, is just one of seventeen different currency unions around the world. The idea behind a currency union is that it helps its members strengthen their competitiveness on a global scale and eliminates the exchange rate risk. Also, the more countries there are in a currency union, the more resistant they are towards crisis. Well, that is the theory.

@plerpplerp5599

4 жыл бұрын

@Death to the EU regime Like I said. That's the *theory* . The European Central bank isn't a proper central bank. It's main policy is to fight inflation. The euro crisis was a *banking crisis* caused by the subprime mortgage scam in circa 2006 which USA, UK and Irish banks were all party to.