The economics of Brexit: what have we learned? Keynote by Adam Posen.

Key Note by Adam Posen with Lizzy Burden from Bloomberg interviewing

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[paulcopsey]

Still waiting for Patrick Minford's presentation on how well the UK economy & business is doing post waiting ... still waiting 🤔

[misterguts]

24:30 Posen says he worried needlessly that Britain would "race to the bottom" in financial services and standards in order to attract investment. Now that he's seen Truss and Kwarteng in action, is he worried again?

[londonsparrow]

"if you run a trade war with yourself, bad things happen"
A great synopsis.
Good to hear such a balanced sober analysis.

[hurri]

I think this sentence by Nick Clegg from many years ago describing (some) of his countrymen includes everything regarding the reason for brexit - " ..a misplaced sense of superiority, sustained by delusions of grandeur and a tenacious obsession with the last war..".

[smartleisurechannel]

The conclusion ?? Brexit for UK was a huge idiocy !|!

[sigma-zero]

I qualified in Trade Economics and GATT (before WTO) in 1982. I will tell you that Adam Posen is the best economist I have seen speak on Brexit. The future is bleak we will have inflation and a shrinking economy for many years to come. We are also experiencing a skills and brain drain to europe america canada australia etc etc as they snap up our best people.

[gustavderkits]

I’ve been waiting for this talk. Adam Posen is a great economist of international trade. He always starts with trying to find good sources of data and should be listened to.

[MrSensible]

We managed to snatch defeat from the jaws of victory.
This is a triumph. I'm making a note here, huge success!

[tomleahy]

Straight talk backed up by numbers. Thank you.

[Iguazu]

The shrinking of the triangle of trade is hugely informative.

It captures succinctly all the primary and secondary direct effects of the post Brexit reality.

Facts and analysis define that economic “gravity” exists and ranks over mass emotions and ideology. As the saying goes “hope is not a plan”. Brexit was pure hope and never had a plan. Not even a hopeful one.

[arekkrolak]

great speaker, always a pleasure to learn from him!

[kunalkunde]

On the topic of Brexit, Adam Posen (AP) presents by far the most clear and impartial digest.

As AP says, Britons need to realise that their country is no longer the heart of an empire. Notwithstanding their delusions of grandeur, the EU will not allow Britain to lead everyone else. And Britain will risk becoming even more inconsequential if they insist on trying to defy gravity in the new fragmented world.

[MyMakeDo]

Excellent synopsis. I’ve been waiting to hear such a comprehensive & balanced talk. Thanks

[qwer]

Brexit = the single biggest act of self harm ever !

[daithideburca]

Meanwhile northern ireland who has access to eu market due to the protocol the dup approved but now want scrapped is doing fine economically.

[cjphillips]

As an Irish-American what he says is true, most Americans sympathize with Ireland

[FlatToRentUK]

This is a very good speech. Funnily enough the main thing I'd take issue with is Posen's use of the word "positives" regarding Brexit. Yes, it is a positive thing that we've not deregulated the City of London but that's not a positive of Brexit, it's just a potential Brexit issue that didn't come to pass. The City wasn't going to be deregulated had we stayed in the EU. And the same applies for non-EU migration. I had no concerns this would fall, despite Brexit we're clearly still an attractive place to come to for much of the world. We had full control of it before and still do.

[Warentester]

The part on the absence of a nationalist anti-immigration policy has not aged well thanks to Priti Patel's Rwanda policy. And even if it had aged well, that is not a positive, but just the absence of something negative.

[ilokivi]

Before the Withdrawal Agreement was finalised between the UK and EU, the member states of EFTA agreed not to consider an application from the UK as it would be disproportionately large and disruptive to good trading relationships. Consequently, the future relationship of the UK with the EU would appear to be either convergence towards the latter, or a withering of the UK economy on the vine.

[samcarter]

I needed this talk so thank you 🙏 Adam Posen