Economist Podcasts Exit-stage plight: Brexit’s costs come due
Feb 12, 2021
John Prideaux, Brexit editor for The Economist, unpacks the significant economic impacts of Brexit, revealing the ongoing trade complications and red tape hampering businesses. He highlights the shift of stock trading to the continent and persistent border issues. Daniel Knowles, the International correspondent, draws a fascinating parallel between societal risk aversion and the daring nature of wingsuit base jumping, exploring the psychology behind thrill-seeking. Meanwhile, Kenya's flower industry emerges resilient in the wake of the pandemic, adapting through innovative online sales.
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Permanent Barriers
- While some issues are temporary, increased trade barriers and bureaucracy will inevitably reduce trade.
- The government's claim of "teething problems" overlooks the permanent impact of Brexit.
Northern Ireland Struggles
- The Northern Ireland Protocol, avoiding a hard border, created a border in the Irish Sea, causing supply issues.
- Supermarkets face empty shelves due to new checks and controls, upsetting people and prompting calls for revisions.
Border Tensions
- The Democratic Unionist Party wants to scrap Northern Ireland's protocol, risking border checks between North and South.
- Threats against customs agents highlight tensions surrounding the new trade arrangements.