We need to talk about Brexit | FT Film

Financial Times25 minutes read

Brexit has significant impacts on various sectors and trading relationships, prompting the need for alignment with trading partners to reduce trade barriers. Public dissatisfaction with unmet promises post-Brexit, especially regarding migration and public service funding, has shifted political priorities towards economic growth and practical solutions.

Insights

  • The impact of Brexit on various sectors like agriculture, manufacturing, and creative industries is significant, leading to increased complexities in trade and supply chains.
  • Public sentiment and political priorities post-Brexit, including concerns over immigration and governance, remain crucial, with a shift towards economic growth advocated over political discussions on Brexit.

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Recent questions

  • How has Brexit impacted trade relationships and farm businesses?

    Brexit has had a significant impact on trade relationships and farm businesses. The uncertainty surrounding Brexit has created challenges for businesses in aligning with trading partners, leading to disruptions in supply chains and increased complexities in trade. The focus has shifted towards economic growth rather than political discussions on Brexit, as businesses navigate the changes brought about by the new trade landscape. It is crucial for the UK to align with trading partners to reduce trade barriers and friction, ensuring the smooth flow of goods and services. The impact of Brexit on various sectors like agriculture has been substantial, requiring businesses to adapt to new regulations and trade policies to remain competitive in the global market.

  • What are some proposed agreements to ease trade with the EU post-Brexit?

    Suggestions for agreements like the New Zealand or Swiss model have been proposed to ease trade with the EU post-Brexit. These models aim to reduce trade barriers and facilitate smoother trade relationships between the UK and the EU. By adopting similar agreements, the UK can maintain high standards in regulations and trade, ensuring that businesses can compete effectively in the global market. The UK's approach to regulatory alignment and trade policies post-Brexit is under scrutiny, with the need to establish agreements that benefit both parties while addressing the complexities of the new trade landscape.

  • What are the key concerns regarding Brexit's impact on various sectors?

    Brexit has had a significant impact on various sectors like agriculture, manufacturing, and creative industries. The changes post-Brexit have led to increased complexities in trade, affecting businesses and supply chains. The uncertainty surrounding Brexit has created challenges for businesses to align with trading partners and navigate the new trade landscape. The importance of maintaining high standards in regulations and trade to compete effectively in the global market is crucial for businesses in these sectors. Public sentiment and political priorities post-Brexit, including concerns over immigration and governance, remain key issues that impact these sectors and the overall economy.

  • How has Brexit affected the UK's tech and life science sectors?

    Post-Brexit, the UK's tech and life science sectors have been highlighted for their potential benefits from setting independent rules. The UK now has the opportunity to establish its own regulations and policies in these sectors, potentially leading to innovation and growth. However, uncertainty post-Brexit has affected business growth in these sectors, as businesses navigate the changes and challenges brought about by the new trade landscape. It is essential for the UK to focus on growth strategies and practical solutions to support these sectors and ensure their competitiveness in the global market.

  • What are the political implications of Brexit on public priorities and sentiment?

    Brexit has had political implications on public priorities and sentiment in the UK. While Brexit has dropped off the political agenda, the economy and health service have taken precedence in public priorities. Labour is currently ahead in polls, with a focus on making Brexit work without reopening divisive discussions. The public desires a focus on growth strategies and practical solutions from political parties, rather than avoiding critical issues like Brexit. The review process in the trade agreement signed by Boris Johnson in 2025 may potentially lead to a renegotiation, reflecting the ongoing impact of Brexit on political discourse and public dissatisfaction with unmet promises.

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Summary

00:00

Brexit Impact: Trade, Regulations, and Challenges

  • Brexit remains a divisive issue, impacting farm businesses and trade relationships.
  • The uncertainty surrounding Brexit has led to challenges in aligning with trading partners.
  • The focus should shift towards economic growth rather than political discussions on Brexit.
  • The impact of Brexit on various sectors like agriculture, manufacturing, and creative industries is significant.
  • Changes post-Brexit have led to increased complexities in trade, affecting businesses and supply chains.
  • The need for alignment with trading partners to reduce trade barriers and friction is crucial.
  • The UK's approach to regulatory alignment and trade policies post-Brexit is under scrutiny.
  • Suggestions for agreements like the New Zealand or Swiss model to ease trade with the EU are proposed.
  • The importance of maintaining high standards in regulations and trade to compete effectively.
  • Public sentiment and political priorities post-Brexit, including concerns over immigration and governance, remain key issues.

15:25

Post-Brexit Britain: Governance, Economy, and Priorities

  • Britain is still attached to the idea of governing its own affairs, particularly regarding migration control post-Brexit.
  • A review process in the trade agreement signed by Boris Johnson will commence in 2025, potentially leading to a renegotiation.
  • Brexit has dropped off the political agenda, with the economy and health service taking precedence in public priorities.
  • Labour is currently ahead in polls, with Keir Starmer aiming to make Brexit work without reopening divisive discussions.
  • Brexit has not met promises of reduced migration and increased public service funding, causing public dissatisfaction.
  • The UK's tech and life science sectors are highlighted post-Brexit, with potential benefits from setting independent rules.
  • Uncertainty post-Brexit affects business growth, particularly in farming, where support and planning are challenging.
  • The public desires a focus on growth strategies and practical solutions from political parties, rather than avoiding critical issues like Brexit.
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