1 Episode results for "n. p. r. brexit"

Brexit: It's Complicated

The Indicator from Planet Money

09:58 min | 1 year ago

Brexit: It's Complicated

"N. p. r. brexit great britain's exit from the european union brits voted to do this back in two thousand sixteen and since then brexit has been nadia lewis our editor is paddy hirsch the indicator is a production of n._p._r. which had been set for halloween prime minister boris johnson was not happy about the delay he's been pledging to get brexit done brexit of course has enormous economic implications the european union essentially functioned as one country with one set of immigration laws trade deals and rules for business brexit changes all that it will probably won't different things that are hard line brexit is who would just be delighted to have the most catastrophic visit zoom online to set up your free account today meet happy with zoom support also comes from american express say yes from zoom zoom is used by millions to connect face to face through a single app for videoconferencing phone calls group chat webinars and conference rooms payment flexibility and card choices including ones with no annual fee don't do business without it rates fees apply learn more at american express dot com calms of brexit the UK parliament has already rejected a number of brexit plans and tomorrow they'll vote on the latest put forward by prime minister boris johnson the vote issue oskoui cautionary tales in economist oh yeah that well it's relevant to our purposes and so indefinitely complicated dan show what's going on what's at stake and what is the economic impact of all the delays tom slash no annual fee my name is tim harford i am a columnist at the financial times and the presenter of a new keeping up to be very tight and brexit could end up back at square one this is the indicator from planet money i'm stacey manic smith brexit start let's start with i mean it seemed like this might be there've been lots and lots and lots of delays and it seemed like this vote i mean boris johnson's hole exit there was a big vote and what happened yeah well yeah we still asking ourselves that question i mean where do you want and disruptive exit possible although they don't seem to think it would be catastrophic and disruptive but it it clearly obviously would there were people who the UK has to negotiate hundreds of trade deals and international business deals and immigration rules probably because the UK and the you still have to agree to the he said i was dead body he said he would rather die in a ditch than send a letter to the european commission asking for a delay he has sent a letter to the european commission asking for thing the prime minister boris johnson's whole saying was no more delays we're going to do this thing rip the band aid off brexit's going to happen i think he's over his dead body would there be another delay yes and no border checks for goods and the single market is more about and common standards for services like banking media insurance and support for this podcast and the following message tips in place with with countries and allow maybe some of the businesses that are kind of operating across countries to continue absolutely i mean yeah northern ireland is part of the united kingdom but there are communities in northern ireland who would rather it was part of the irish republic and up until recently i mean people were people killed quite a long and not just the border but and and and free movement of people and so there were proposals to stay in the european customs union their proposals to stay in the european single market ice oh i mean that's the first time the prime minister said something that turned out not to be true i mean just a lot of different people their proposals to stay in both proposals to leave both just to complicate all of this it also interact with the situation in in northern ireland would like have very very soft brexit because that would respect the will of the people would not be economically damaging there are people who are some of the trade relations who moving parts to that there's a customs union as the single market they sound like the same thing but the customs union is is more about fiction list trade in goods in union and the republic of island is in the european union a now that that nice convenient situation that's going away and so these negotiations between the UK and the european union have been heavily influenced by the question of what's going to happen on the border between ordinary citizens and businesses you do at some stage wants to know what is likely to happen so delaying is that if you don't like what's been agreed you might be able to get something that you prefer so a lot of this strategic but purely from the point of view of well well very much depends on your point of view i think clearly the the advantage but recently there's been a a piece in the piece has been based on the fact that well look the UK's in the cons of the extensions like what are the pros of continuing to kind of extend that to continue to delay bombs in though bonds in london that would i there was a bomb threat mild oxford college when i was there bombs in manchester bombs in birmingham people got killed okay you're thinking oh i want to make some decision i want to make some investments maybe build a factory and as i contemplate my decision if an island in the republic of ireland that that's where we are why do you think the delays keep happening it's been like three years it's been a long time move to the next stage of the negotiations we agree the legal basis for leaving the u. but then we have to negotiate the future trade relationship so there's all this it's pounded the timetable was never terribly realistic i mean even even if we agree deal now it's not that anything's going to be done we all kinds of decisions that people make from booking holidays to studying for degree to building factory and the trouble with the the brexit v note we originally voted in june twenty sixteen and of course there was uncertainty about what the vote would be then once we had the vote there was uncertainty about can emotional thing for you well i'm trying not to be emotional because people are very very emotional about this it's very polarized basically evolved into the longest slowest most confusing break-up in history over the weekend parliament voted to request to delay the brexit deadline again it certainly does slow down economic activity it does depress investment and if you look for example at investment in the british economy relative to investment the the bitterness and the distrust the whole argument has brought yeah well tim thank you so much for would happen next there was uncertainty about who was going to be the next prime minister and it just goes on and on and on meanwhile lots of people who could spend in the american economy in the german economy and it's it's not a pretty picture no one's investing everyone is just waiting waiting waiting this i mean my wife is a portrait photographer and she has a new project of trying to get people who disagree with each other to hog on camera i think to myself you know it would be better to wait why would i commit not decision when i'm going to no more in due course and that's true for all decisions while they wait to find out more do spending decisions while they wait to find out more so so that's the theory of it but there's lots of good empirical evidence as well so far she has not managed to get any levers and remains to hug each other at all it's got really personal and that's and that is it's very worrying because in the end i think this deal is is great for the country but what is more damaging than any particular deal is he's never gonna stop so so yeah that's been slightly frustrating attempts yeah what are the economic like i would love to look at the pros and brexit i appreciate it it's it's delight and you know i'll i'll be back tomorrow is she liked to explain what's happened next because it's it's a fast moving story you any good in the opposing

britain editor paddy hirsch boris johnson n. p. r. brexit european union nadia lewis prime minister three years