Patrick Minford CBE, Cardiff Business School, considers the costs of UK’s EU membership.
Пікірлер: 481
@josearoso91974 жыл бұрын
A lot of people inside the EU are fed up with the polititians in the UK. KICK THEM OUT! NOW. No deal!
@joc33424 жыл бұрын
Yes, please do. We cant WAIT to get out. Its the politicians keeping us in. The people want OUT.
@simonclare1004 жыл бұрын
If you believe in the EU you need to read more, get informed Jose
@trevorford94324 жыл бұрын
If life was that simple, 17.4 million people would thank them for doing that. Unfortunately it's the colour of our money they like ☺ not us.
@bensteel39444 жыл бұрын
The reason we are leaving Jose is that we are informed and I suggest you do the same because it's not going to be good for you once we leave. You will be sucked into a federalist state with nowhere to turn. The sooner these bastards are brought down the better for Europe.
@caseybaker23634 жыл бұрын
Jose I bet you're from some sunny shite tip EU country where everyone is either a waiter on unemployed! 2 world wars, 1 world cup. Bollox to the EU!
@trevormj3 жыл бұрын
What we are finding out is the true cost of trading with the EU as a 3rd country - makes the net contribution look trivial.
@roygregory83344 жыл бұрын
Funny I've never seen this gentleman on BBC question time.
@pandora84783 жыл бұрын
That’s bc they had Farage on all the time
@roygregory83343 жыл бұрын
@@pandora8478 Ha haha. You're funny.
@TimTim-jf3pk4 жыл бұрын
We need out asap
@iainlewis90314 жыл бұрын
Why?
@iainlewis90314 жыл бұрын
Well go then!!
@ryanlewis58452 жыл бұрын
He actually suggested with a straight face that the economy of Singapore lacks intervention
@jacobisrael44134 жыл бұрын
ARE WE PEOPLE BLOODY FOOLS THIS MAN TELLING US THE TRUTH
@bryangeake58264 жыл бұрын
If you want a totally de-regulated free for all with almost no worker, consumer or environmental rights and safeguards, it will be a world Dickens wrote about and Marx warned about! Local services will have to be cut back to tokenism, or simply go, the NHS will be privatised, we will essentially have a defence capability that will be sub-standard and Putin's nuclear bombers can probe our airspace almost at will and when the poor get poorer and the rich consolidate their privilege and power base (aka de-regulatory Rees Mogg), that is the down side of this 'free trade' and 'free booted nation' this economist is talking about. His vision will not necessarily translate into a 'wealthier county! He neglects to mention that it is a known economic fact that for every £ we put into the EU our GDP benefits by £6 as a consequence of the multiplier effect of having free trade (non tariff) access to the second largest economic block on the planet!!
@johnhooper70404 жыл бұрын
No he giving a very biased free market economics view of the future, so loved of the alt right in the US. It will only benefit the rich, like the Tory Brexiters, and will decimate the welfare state and NHS and leave ordinary people far worse off. His views are dangerous and should be resisted at all costs.
@bryangeake58264 жыл бұрын
@@johnhooper7040 He is, the European question is not really economic. In that the EU will , in all probability continue to succeed in the future and though it has problems of a currency that is too strong for some and advances export lead economies like Germany the essential fact is does the UK want to be part of a successful European project, and loose some sovereignty, or does it want to retreat and become more disconnected from Europe. Its an emotional matter, Leavers want to do that, its a suspicious islandism that boarders racism and certainly has xenophobia at its core. My view is that this rise in nationalistic islandism is retrograde, it leads to isolationism, that will never make us better off, it will damage the UK's standing in the world and the lot of the people in all probability. As I see it is an opportunity for the De-regulationalists like Rees Mogg and Minford to essentially re-boot this county into a free wheeling economy that will greatly advantage the rich and and those at the bottom of the pile life will be brutish and short! It will be not dissimilar to the world that Dickens wrote about and Marx warned about.
@Zoroaster19964 жыл бұрын
@@bryangeake5826 It is not a 'known economic fact' that we make a huge profit out of being a member of the EU, as we have nothing to compare it to. There's no logic in suggesting that without the EU to mediate, international traders and European governents would pointlessly inflate prices. The EU don't do anything that couldn't be done without them.
@bryangeake58264 жыл бұрын
@@Zoroaster1996 It is, we can trade without tariffs or customs checks in the EU, capitol and people (labour) can move unhindered, so yes for every £1 we pay to the EU, irrespective of what grants are given to the UK for community and infrastructure projects (Wales is a net beneficiary) we have a multiplier effect of about 6! Thats fact. The issue is that there is an EXTERNAL EU tariff, if your outside the EU operating on WTO rules (which we will if we Hard No Deal Brexit) and we will be subject to it! the WTO is a crude leveling system to stop tariffing becoming too exaggerated. We greatly benefit in operating in the second largest economic block in the world tariff free!!! Simply your wrong!
@louisbanaszak31254 жыл бұрын
let face it we are paying more and more and no say
@iainlewis90314 жыл бұрын
You haven't got a say! About this NATION! & what is does or doesn't do!!
@iainlewis90314 жыл бұрын
You Don't have any say what or how the government spend the money they borrowed from INM FUND BANK!!! SO that's your money! Really?
@iainlewis90314 жыл бұрын
How it spend money !! You have no say. So it's Not YOUR MONEY. & HOW can you say it My money! Then spend it on something , like CHRISTMAS, for the needy, & poor. Because all greedy people, only care for themselves, & fuck off everybody, didn't the milk snather teach the British how to be selfish!
@iainlewis90314 жыл бұрын
Well that's what happened to every tax payers
@iainlewis90314 жыл бұрын
What to the Tory scum!!
@johnstroud34486 жыл бұрын
This man like Jacob Ress Mogg is giving you the actual truth. Where you have Somebody like May Blair or Kinnock going for remain, it`s always`s advantageous to themselves, not always something immediately visible, never the less, it`s there and it`s financial, it`s always about money
@mclanaford29574 жыл бұрын
john stroud Hear Hear
@johnhooper70404 жыл бұрын
So you don't think the wealthy Tory and other Brexit supporters like Rees-Mogg, Farage, Johnson et al won't be making a great deal of money by the UK leaving the EU and they will have the added bonus of escaping from future EU crackdowns on tax cheats and they now have the opportunity to complete the Thatcherite economic program with low taxes for the rich, ie themselves, their friends and party donors while maintaining austerity for ordinary people with the welfare state and NHS under threat.
@1SpudderR4 жыл бұрын
John Hooper Hmm. Hmm..? What is wrong with making money....Hey...The EU takes more than enough from the UK.....Talking about Neil Kinnock...he left the UK MP System and got a much higher paid EU MEP package, and then I believe his wife also has a highly paid job somewhere there. So I have knocked down your first wicket, not intending to be aggressive just Common sense use of information by converting it into practical use and gaining important comparisons about money and how it is acquired. Oh and by the way...if the UK were to remain trapped in the EU....Their annual fees will keep going up out of proportion to the benefits that the UK receives. And we have still been paying into the EU Coffers for the last three years at about £1,000,000,000 that is about One thousand million Sterling per “month” Net! So rethink your strategy on money and where it goes ...Where Into The EU no one knows? But into the Great British Union it is traceable and therefore Usable intelligently. One Billion Pounds Sterling every month from The UK disappears into the EU coffers and no one knows where it goes...Every month, after month, for the last three years, what about the next three years? How much will the UK be expected to pay into the EU! Nothing I hope, above fair trading amounts! Now that seems to me like a good solid decision for All The UK Taxpayers how could You not Agree about that....£166 every month paid out by the UK 60,000,000 citizens government, into the EU with no return or accountability! Hmm now that got me thinking...how about you? RDR
4 жыл бұрын
@@1SpudderR Shut the fuck up you stupid ignorant lying prick.
@johnhooper70404 жыл бұрын
@@1SpudderR There is nothing wrong with making money as long as it's not at the expense of others less fortunate. The free market/free trade future advocated was all very well when the UK was a global empire which with the strength of the Royal Navy and the wealth of the City of London could trade on advantageous terms across the globe. Don't forget the cost of that free trade. The agricultural depression that almost destroyed British farming and left us very vulnerable and we nearly starved in the two world wars. We also incurred huge debts to the USA which wrecked our economy. The EU is keen on food security and so should the UK. If that means subsidies to farmer and tariffs on food imports that is a price worth paying.The world is a very volatile place today. Add in climate change and the hatred still felt against Britain by our former colonies. Post Brexit Britain will not be an pleasant place to live. Fine if you are Rees-Mogg, Farage, Johnson et al with the money to buy the decent home grown and very expensive unsubsidised food but the rest of us will be eating a starvation diet of crap imports from the US and others, just like it used to be in the 'good old days' of the late 19th and early 20th century This bunch of reactionary idiots want to take us back to. Britain today is becoming more and more like Orwell's 1984!
@bearkins74 жыл бұрын
Each year we get a simple leaflet from our local council telling us exactly what our council tax was spent on , why don't we get somthing like that from the EU ? I suppose its too easy & they really dont want us to know!
@simonevs0204 жыл бұрын
You do. It comes with the details of your end of year P60. Mine says £47 for last year.
@bearkins74 жыл бұрын
@@simonevs020Thank you, but I dont think that it tells you exactly what it was spent on.
@michaelgardner56965 жыл бұрын
Somethings are worth more than any money, I would rather be free than any amount of money.
@lunafringe104 жыл бұрын
says someone who has no affinity to money,
@bryangeake58264 жыл бұрын
When local services are cut back to tokenism, or simply go, when the NHS is privatised, when we essentially do not have a defence capability and Putin's nuclear bombers can probe our airspace almost at will and when the poor get poorer and the rich consolidate their privilege and power base (aka de-regulatory Rees Mogg) will you still think you are free!?
@DeezilOyl4 жыл бұрын
@@bryangeake5826 Don't forget that the world will end if the UK leave although methinks a hell of a lot of countries are not in the EU. I wonder how they are surviving? You shouldn't believe all the sh1t the elitists are telling you
@johnhooper70404 жыл бұрын
Where is this loss of freedom you people bang on about. I'm only an ordinary person but the EU never impinged on my freedom. But it did give me pride in being a European, part of the greatest civilisation in the World. We may speak the same language, and we have been bombarded with American culture for years but I have felt far more of a foreigner in the USA, especially in rural areas, than when visiting Germany or the Netherlands.
@johnhooper70404 жыл бұрын
Free from what? Oh I forgot, free to suffer under the cruel policies of an ultra right wing Tory government
@richardrussell56954 жыл бұрын
You'd never see this man interviewed on the UK's Liberal left wing TV.
@dannychurch72234 жыл бұрын
Richie Russell not bbc material.
7 жыл бұрын
Having read up about this, Minford seems to have this right. The problem is that what he's saying is not intuitive. For example, intuitively we would say that protectionism is a good thing. But look what happened to the British car industry. Post war there were some 50 makes of car. We would expect that market to be rationalized but it turned out far worse than that because of protectionism. All the major makes ceased to be competitive in a global market and today there are none.
@Whizzy-jx3qe7 жыл бұрын
Earl Minime Are you referring to the disaster that was British Leyland.
7 жыл бұрын
Not just BL although that's probably the worst of the bunch. A lot of the car makers were killed because of the unions, in the interests of keeping their jobs (which I understand), protected themselves from the competition until it was too late.
4 жыл бұрын
@ Yeah that's a load of bullshit.
@rontauranac3 жыл бұрын
The british makes died because of the stupidity and greed of the people who were in charge of them. Triumph made cars of the 1950's for a quarter of a century. The MGB and the Mini were interresting cars in 1962, no more in 1980. The Healey was outdated in 1967. Same with Alvis and Bristol. The whole BL story is a train wreck.
3 жыл бұрын
@@rontauranac No. You are wrong. The people that were running them were the unions but they were indeed stupid and greedy.
@neilmiddleton11704 жыл бұрын
The big lie of the left... this guy is great ,freedom,freedom.
@bryangeake58264 жыл бұрын
If you want a totally de-regulated free for all with almost no worker, consumer or environmental rights and safeguards, it will be a world Dickens wrote about and Marx warned about! Local services will have to be cut back to tokenism, or simply go, the NHS will be privatised, we will essentially have a defence capability that will be sub-standard and Putin's nuclear bombers can probe our airspace almost at will and when the poor get poorer and the rich consolidate their privilege and power base (aka de-regulatory Rees Mogg), that is the down side of this 'free trade' and 'free booted nation' this economist is talking about. His vision will not necessarily translate into a 'wealthier county! He neglects to mention that it is a known economic fact that for every £ we put into the EU our GDP benefits by £6 as a consequence of the multiplier effect of having free trade (non tariff) access to the second largest economic block on the planet!!
@iainlewis90314 жыл бұрын
What freedom? It's Monday to morrow, get to work & don't be late!!!
@GonzoTehGreat4 жыл бұрын
This guy is an idiot who values profit above everything else. Unfettered Capitalism inevitably becomes crony Capitalism.
@ruthbashford31764 жыл бұрын
@@bryangeake5826 Your bizarre statement that Britain's GDP benefits by £6 for every £ put in is only true if you conflate membership of the EU with every bit of business done with companies in EU countries: it has nothing to do with the EU itself. Remember Britain is leaving the EU and not Europe. You must know as well as anyone that Britain is a net contributor to the EU by about ten billion quid a year. As for leaving the EU will mean "a totally de-regulated free for all with almost no worker, consumer or environmental rights and safeguards, it will be a world Dickens wrote about and Marx warned about!" I think you are a victim of 'project fear' as I seem to remember that before this country ever joined the Common Market now known as the EU workers had rights and even holiday pay. In fact, I'd argue workers have fewer rights since Britain joined the EU. As for the NHS being privatised why do you think the EU were, at one time, having secret talks with TTIP if not to privatise the NHS? You seem to think the EU is some sort of benevolent organisation that care about the ordinary person but nothing could be further from the truth.
@bryangeake58264 жыл бұрын
@@ruthbashford3176 Once outside the single market with customs union we will cease to have the macro economic advantages that has resulted in this multiplier effect, its not bizarre, unless one is talking about the absolute determination of leavers TO REFUTE BASIC ECONOMIC REALITIES!! that IS BIZARRE! a case of remodeling reality to fit a non-objective based emotional position that has to maintain that the EU is a malign force that disadvantages the UK. It is a symptom of island-ism that is based on xenophobia and ignorance!
@mclanaford29574 жыл бұрын
Thank you Prof .Minford
@jerryorange6983 Жыл бұрын
what for? - Poll tax? or Mr Mogg's inspiration to make our live worse.
@cosmicdebris2223 Жыл бұрын
@@jerryorange6983 damn I was just about to use exactly the same two words!!! For what! You beat me to it. I totally agree.
@louisbanaszak31254 жыл бұрын
it a doomed ideology
@katharinedavis49475 жыл бұрын
Well said Sir. K
@trevorford94324 жыл бұрын
People should look up on youtube "Janice Atkinson the real cost of the EU" it's a real eye opener, remainers would dismiss this but Janice is an MEP and knows her stuff.
@iainlewis90314 жыл бұрын
Scaremonger
@trevorford94324 жыл бұрын
@@iainlewis9031 have you looked this video up ??this is cold hard facts
@iainlewis90314 жыл бұрын
@@trevorford9432 the FACT is I've lost my freedom to live & work on the continent.
@trevorford94324 жыл бұрын
@@iainlewis9031 WHY ?? They are not going to put big walls up or move any further away from us, my four brother inlaws all worked away in Germany in the 60's & 70's long before we joined the eec/EU with no problems.
@iainlewis90314 жыл бұрын
@@trevorford9432 it all depends on how we treat the EU workers, & if they earn over £ 30,000,a year, it's always the uneducated , state schooling that suffer, United you stand divided you fall.
@porcupineinapettingzoo3 жыл бұрын
Wait what, did he just call the UK small, wasn't the Irish PM attacked for doing the same.
@vincentmckenna2814 жыл бұрын
At last some one backing up the doom and gloom of staying in the eu
@borisjohnson86334 жыл бұрын
A “clean break” is my desired brexit, the rest of parliament not so much.
@frederickcstacey.75204 жыл бұрын
But what does a clean break entail?
@frederickcstacey.75204 жыл бұрын
Also Boris what was your thing about kippers in the conservative leadership election, the Ice pillow the quoted was watsteful, which it could be considered as such, is mandated as a part of UK regulations, not EU ones. Also the law that I believe you cited in your resignation letter about protections given to female cyclists was a EU law that passed with some resistance from the UK government. Anyway have a nice day.
@polenit63906 жыл бұрын
Just great professor Patrick Minford we can invest in the UK yes EU holding us back just look at EU investment in Wales they spent money on crap when it needs jobs or technology or technical colleges
@janjasiewicz98515 жыл бұрын
Pole Nit ..local government competes for EU funds for local projects .. so if you feel money is wasted complain to the local government not the EU.. and funding for technical college etc is the responsibility of the U.K. government ... not the EU. So if you have complaints complain to the UK government who have reduced funding as part of their austerity program... I can tell you that the EU has provided funding for internet infrastructure to rural communities ....
4 жыл бұрын
Minford and yourself are brain damaged living jokes.
@margaretedwards24394 жыл бұрын
Yes, the Welsh Assembly run by the labour party is a traitor to we Welsh people who voted to leave the EU!! Now that well known traitor Mark drakeford is openenly saying he will promise to remain in the EU against the wishes and votes of we the people?? How dare this man take our money as a public servant while plotting to destroy our legal votes?? This man is a treacherous bastard who's betraying the real British people in Wales today!!
@10wanderer4 жыл бұрын
@ said the Irish intellectual ????????
4 жыл бұрын
@@10wanderer Yes that's right you craven serf idiot.
@tedjess74844 жыл бұрын
The Others want to listen to Morris is right we won doubt you’ll want to head testing they levels down and Lloyd Lloyd
@maureen3485 жыл бұрын
FREEDOM IS THE KEY WORD.FREE TRADE ,FREE SPEECH FREE THOUGHT, FREE BELIEFS.
@porcupineinapettingzoo3 жыл бұрын
Now you are free to accept EU rules if you want to trade with the EU, Australian rules to trade with Australia, Japanese rules, US rules etc etc etc, Britain has to accept EU rules to trade with Northern Ireland, what a joke your version of freedom is!
@ludovic24314 жыл бұрын
Really, comparing yourself to city states with highly educated citizens?? Something is going wrong here.
@johnhooper70404 жыл бұрын
There is no comparison between the UK and Singapore. And don't forget Singapore is a surveillance police state so where's the 'freedom' the 'leavers' bang on about if we become more like Singapore
@peteralexander50005 жыл бұрын
Why can't our government get this I ask? It all makes perfect sense. It's a no brainer surely!
@gavinthompson6874 жыл бұрын
Funny - it's a 'cost' business seems to have been quite happy to pay for the last 40 plus years. Maybe Minfotd could tell us which sectors in Business or even which individual Businesses that have been campaigning to come out of the EU before the referendum or since? Funny that none of the equivalent academics in Oxbridge universities appear to agree with Minford. It's a funny kind of problem that none of the Businesses apparently affected seem to see it as a problem! So everyone else is wrong and Business has opted to pay these EU 'costs' without complaint because they are all 'ĺazy' and 'stupid', despite having managers and directors that are of above average intelligence and 1st class degrees from good universities. Funny that!? But hey maybe we have all been fooled for generations and it is Cardiff University that was the leading seat of economics knowledge rather than Oxford, Cambridge or the LSE?
@tonyroy81234 жыл бұрын
So much wrong information here. Our EU membership is only 1% of GDP and not 10%. I don't know where he got his figures from. ONS Government site provides all the latest information about GDP.
@andreasgrund83373 жыл бұрын
Minford ist wrong about everything everytime
@paulleader70004 жыл бұрын
we need to get OUT ASAP
@iainlewis90314 жыл бұрын
Why?
@garyholt44454 жыл бұрын
The EU has always been protectionist and anti competitive..What is it that remainers cant understand, you introduce competition and it brings the prrice of goods down..Common economic sense.
@worldxmaps3 жыл бұрын
1) Milford is literally the only economist that supports Brexit. 2) The UK has already lost more money from Brexit in only a few years than the the total sum of all the money ever paid to the EU. 3) Minford may be correct in his theory that there could be gains from a regime of unilateral literal free trade, however there is absolutely zero political support for it. Thus Brexit will result in less trade and a poorer UK.
@gailgoodwin89426 жыл бұрын
👏👏👏👏👏👏👏👏YES🇬🇧
@rogercligg29134 жыл бұрын
I also say Should be broadcast on mainstream tv Eastenders or corrie times
@frederickcstacey.75204 жыл бұрын
If this man's claims were true then unemployment would be ever increasingly and immensely high but unemployment remains relatively low and stable until the coronavirus crisis in which unemployment in quite a few countries barely increased and people so far haven't been made homeless.
@frederickcstacey.75204 жыл бұрын
Also in many respects we are a free trading nation as in the EU we have access to not only europe but also many countries from around the world, provided that they meet EU standards, mainly in the areas of safety. This means that not only are UK consumers getting most of the benefits of free trade but are also kept safe by the necessary safety standards. Also to put one irrefutably dubious claim to rest the claim that chlorinated chicken doesn't kill many people is a downright lie as not only does the US have a rate of food poisoning in the region of 10 percent, ours for reference is around 1 percent, the amount of deaths from food poisoning is also higher on a per capita basis by a factor of over 10 percent factoring in their abissmal healthcare system.
@baronvonlimbourgh17162 жыл бұрын
He has been talking nonsense since the 80s.
@siteman50554 жыл бұрын
Why isn't this man in the mainstream media??????????
@barry51114 жыл бұрын
We joined the Common Market in 1973 which makes the youngest voters in the referendum to remember life outside the EU about sixty one years of age. So that's an awful lot of people voting who only know of like in the Common Market/ European Union. Project fear really does work on people that were asked in the main to take a leap in the dark. I'm old enough to remember full employment and the ability to change your job in your lunch hour I actually did it. I remember going in the old London docks and the old Covent Garden market. Produce was coming in from all over the world with beef from the Argentine, lamb from New Zealand, sugar from the Caribbean and our factories were selling our cars, motorbikes, ships, locomotives, aircraft across the world. Then the combination of stupid unions, inept management and competition from the far east turned a lot of our industries into lame ducks. Couple that with allowing foreign countries to buy our best industries leads us with not much left that we actually own ourselves. I voted brexit I hope we can get out from Europe and be successful, but we don't own much anymore with people like the Japanese threatening to shut down Nissan up north and Honda already closing Swindon plant. Our only hope is to become the Hong Kong of Europe and become the low tax deregulated powerhouse attracting more investment from outside. Corbyn's mob and the lib dems though love the regulation of the EU it keeps them feeling safe having all these new rules placed on our commerce. They've actually got the Vichy France mentality things are alright why should we take a chance on changing things.
@geraldaird1548 Жыл бұрын
Since when was deregulation a good idea, one instance where it did not go wrong?
@williamkennedy5492 Жыл бұрын
Ted Heath has so much to answer for !
@kennyfenny47544 жыл бұрын
Wanting to remain in the EU is more about tribalism than what's best for the UK.
@iainlewis90314 жыл бұрын
When the rich! Get out, they don't give a dam about the UK, it's all about paying TAXES!
@kennyfenny47544 жыл бұрын
@@iainlewis9031 What do you mean ? Tax avoidance happens everywhere ....But If businesses can pay less tax in a post Brexit UK this will encourage big rich tax paying businesses to come to the UK in the future.
@iainlewis90314 жыл бұрын
@@kennyfenny4754 as long as the poorest pay their taxes, & receive low wage & pay high rent,& can't afford to heat their unsettled home! Your must live on the other side.
@iainlewis90314 жыл бұрын
@@kennyfenny4754 this is the worse country I'VE work in. more than just a few country this country treets the workers , like the imperialist did ! Now they've! The tory party have now got a free passage to get away with EU LAWS!!!! REALLY they will take the piss.
@kennyfenny47544 жыл бұрын
@@iainlewis9031 your argument just relies on assuming UK laws will automatically get worse when out of EU control because your bias ? Why would they even need to change or if they do who says they will not improve. Also how can it be the worse country to work in when all EU countries follow the same workers rights laws. Maybe people should take responsibility for themselves to have a good job or business rather than blame the government for their own failings in life. It would be the socialist who would ruin this country by punishing business owners and any one that has worked hard and got themselves out of poverty. If there was no businesses there would be no jobs for workers in the first place. You also seem to think the EU can not do any wrong. If really took the time to study it you would see that its meddling is just about justifying its existence. A country dose not need to governments.The EU is all about empire building and not about you? My grandparents were poor but worked very hard their whole lifes ruining a farm and starting up a couple of small business which they ran for years. They never became rich but yet are still being given a £75,000 capital gains tax bill or face prison while now in their 90's. The tory's want to get rid of this type of socialist state theft along with the 40% inheritance tax which effects lots of middle class home owners in London. But labour want to increase this so effectively they can give it to people that are dependent on state handouts or just dont want to work to close the gap in the classes. How can that be fair. what kind of message dose that give to people.(There is no points trying in life because the government just take it all away from you in the end one way or another). Richard branson was a poor kid once and now he is one of the riches guys in the world by taken advantage of all opportunity's there is to had in this country. The social help to be had in this country is a great thing when people need it but to punish capitalist thinking people for becoming successful is border line criminal. In my opinion every one should pay the same amount of tax and it should not be done on how hard you work or how successful a individual has become job wise.
@mickTaylor08604 жыл бұрын
No acident singapore and hongkong do well, ist a british system, uk would have countyrs queing up the next day after a clean brake
@mickTaylor08605 ай бұрын
Funny the world seemed normal back then. Now it's far from normal. Well planned though
@xothehost1233 күн бұрын
lol.
@johnsmythe79405 жыл бұрын
What this Economist is saying really is a wake-up call on Men, don't have children just for Sex, have a Child because you and your wife want a child. Also before you have a child ensure you can afford the cost of your child, clothing, education, it all costs if you don't have enough money to care for your child it will probably in the long term destroy your marriage.
@SuperCDS14 жыл бұрын
Tell that to all the immigrants on benefits !
@PaulDavis-ep6tn4 жыл бұрын
EU cost to UK 2018 £20 bn Theoretical Liability. less £4.5 bn Abatement less £4.5 bn Public Sector Credits leaves £11 bn net contributions The EU tells us where the public sector credits go to. 18 countries benefit from the EU including Poland and Greece. Poland has received the £100 bn in funding more than any other country since they joined the block in 2004 . Greece has received 3 bailouts totaling £227 bn since joining in 1981.
@thomaswhyulying65244 жыл бұрын
Let everyone pays for their own countries costs not to share others burden.
@iainlewis90314 жыл бұрын
Yes!! Fuck the lot ! I'am alright Jack keep your hands of my SACK,imperial & nationalist,get out more!
@Lisnageeragh4 жыл бұрын
Britain was doing so well before 1973 and it's exports have flourished since then so that now europe sells more to us than we do to them....just think of all the fish we could have...non tariff levying ...a nice open market...we have done so well in shipbuilding , motor manufacture , aircraft sales...and agriculture ...a light to the nations.
@iainlewis90314 жыл бұрын
The fishing industry, sold their quoter, to our partners !!!
@iainlewis90314 жыл бұрын
Ho yeah, the poor man of Europe!!
@folksinger21004 жыл бұрын
And this is the chap who told the UK Government that Brexit would see the end of UK manufacturing and UK farming
@iainlewis90314 жыл бұрын
We have not left yet!
@folksinger21004 жыл бұрын
Fingers crossed we dont
@philipsmith78424 жыл бұрын
This nice and honest gentleman needs to be wake up. He dreams in 19th century world order and recall economical rules from first half of 20th century, while we live in world when your car made in UK or Germany or Hungary needs parts made in Poland, Austria, etc. - your Hoover made in China needs to be replaced by different hoover made in China after 2-3 years to keep running the sales teams here and the production over there. It is chain train set exactly because national individual trading did not work well enough because we all wanted more for less. Single market and custom union with other European countries is a good idea. European megastate is not. But if we walk away it may grow next to us without us and our childern having any say... wake up fellows !
@allisonbeaumont67634 жыл бұрын
we traded for around 2000 years before the EU came along and bearing in mind 60% of our trade is already outside the EU under WTO, it is certain we will cope. The supply chains of the 1970s have moved on, technology has moved on. Being outside the EU for the other 40% is extremly do-able
@ervie604 жыл бұрын
@@allisonbeaumont6763 Wrong dear, most of that non EU trade is done under trade agreements made by the EU. A no deal brexit means ? all of those agreements will have to be redone by the UK.. so good luck but be patient!
@ervie604 жыл бұрын
@Teresa Watts Not ripping off; it is nothing personal just business :)
@allisonbeaumont67634 жыл бұрын
@@ervie60 12% is hardly 'most'
@ervie604 жыл бұрын
@@allisonbeaumont6763 12%? explain how you come up with that percentage. Trade with the USA, Canada, South Korea, ASEAN block just a few names thatalready have a trade agreement with the EU. Those trades are a lot more then a mere 12% you mentioned.
@jackkruese99294 жыл бұрын
Any argument can be convincing if you chose to totally ignore any counter argument or points. Because if the UK leaves the world biggest trading block and there s a 10% tariff on all cross border movement of goods for the foreseeable future, the UK will pay a terrible price.
@triciacol4 жыл бұрын
The only snag in Pr. Minford's HongKong / Singapore argument is when China has no use for Hong Kong for example, because of it's preference for Shanghai; Hong Kong is allowed to wither. When we exit the EU we had better start showing some of that entrepreneurial skill we pride ourselves on.
@andybray97913 жыл бұрын
The iea had no stance up to the referendum
@petermontgomery87074 жыл бұрын
Quite frankly I’m not that bothered about this. As far as I’m concerned arguing the economic benefits is a diversionary scare tactic by the remain establishment along with the shaming and emotional blackmail tactics I voted in the knowledge that I might take an economic hit but some things are more important. It’s about the rights of the demos vs the accountability of those that hold power. The question is ultimately a constitutional one rather than an economic one.
@outsidethematrix10644 жыл бұрын
Why can't this person spend some airtime on our beloved Brussels broadcasting company and try and i say try to get through to the left... 😂😂sorry I just woke up! That was a crazy thought 🇬🇧🇬🇧
@TheJackb454 жыл бұрын
So who benefits exactly? If workers have lower standards surely most of the population of the uk are working or dependent on workers
@ekorusoy4 жыл бұрын
Problem with Singapore and Hong Kong is that they also have zero social welfare. It’s the Milton Friedman school of thought.
@neilmiddleton11704 жыл бұрын
Yes,ok all of that is true,but I have voted labour all my life,because my mum and dad did,also,I supported Arthur Scargill and the miners,we should have kept all of those pits open,we need more pollution now,You Brexit people are crazy! I want to be ruled by the Eurocrats.although I didn’t elect them,Shame on you for supporting Bojo,for standing up for GB.He is out of order! As Churchill would have said..”we shall surrender on the beaches” we shall fight them with words like,surrender,traitor.terrible words like that.. we shall never give in.....yours faithfully Jeremiad
@bryangeake58264 жыл бұрын
Churchill also said “If Europe once united in sharing of its common inheritance there would be no end to its happiness, prosperity and glory” maybe utopic in its optimism, but he saw at first hand the opposite! And that is the reason why the European Project must continue and every retrograde step (as in a Hard Brexit) undermines this objective at our common peril!!
@ruthbashford31764 жыл бұрын
@@bryangeake5826 The European project's aim is to form an Empire with Britain as a subservient minion. This was recently confirmed by Verhofstadt at the Liberal Democrats conference.
@baronvonlimbourgh17162 жыл бұрын
Superficial narrow minded nonsense.
@martinmcdonald4207 Жыл бұрын
This hasn't aged well! What a load of total nonsense this 'professor' speaks.
@doveronefoxtrot44174 жыл бұрын
Let's hurry up and deliver this, and end this tyranny of control by a bunch of overpaid self obsessed leaders, who are taking us for the ride of our lives.
@zigor44 жыл бұрын
Singapore's success like Switzerland's has been crafted over many decades, it can't just be duplicated immediately how stupid a comparative theory is that? The fact that leavers think this is ridiculous the comparison is irrelevant.Singapore has a free trade deal with the EU that will never happen for the UK now.Unless ofcourse the EU want to commit economic and organisational suicide.
@rogercligg29134 жыл бұрын
Very fair analysis Well done
@egnazia6 жыл бұрын
OBE...Order of the Brexit Empire 🙄🙄🙄
@mclanaford29574 жыл бұрын
egnazia Highly intelligent thank you Prof Minford
@iainlewis90314 жыл бұрын
@@mclanaford2957 I know what you want!! A British empire,
@shamus21984 жыл бұрын
City of London propaganda.
@neilmiddleton11704 жыл бұрын
Very good joke,political freedom.....ha ha
@NicholasWarnertheFirst4 жыл бұрын
Bankrupt and out of date yes....Patrick Minford is.
@keithwilkins14374 жыл бұрын
What is the gross cost of the EU? Include the nepotism the ,fraud, the wastage ,the inflated expense accounts , half baked schemes ., One final thought==we drive on the left in UK .
@bertnijhof54136 жыл бұрын
Simple remark, the free trade as promoted by the prof does not exist. All countries and trade blocks use the WTO rules for trade with external blocks or countries. Within the EU we lower the costs by optimising and improving the WTO rules. Between Canada and the EU we also use optimised rules. The situation the prof describes, only occurs, if the WTO only allows completely free trade, but that is not the reality. With respect to the prof I can only say; poor students.
@saabsa4 жыл бұрын
He's right but the 27 are becoming a super state brexit United the Eu like never the UK will be just fine but economy have to shrink a bit and pound gonna have to loose value for export or it will be too expensive and the eu market is ideal for the British pound scary but it is what it is
@iainlewis90314 жыл бұрын
We want a independent day, from the UK.
@sylviadavis21694 жыл бұрын
I really agree with this gentleman. Why do we need the EU to tell us what to do? We have very intelligent people here in the U.K. We should never have joined.
@ProjectOverseer4 жыл бұрын
He forgot to mention the UK 🇬🇧 was near bankrupt when we joined and being members made us very wealthy.
@poppet2294 жыл бұрын
Yes true but if you were up on you knowledge of what the UK have done for you it’s an awful lot so read it before you blog
@ProjectOverseer4 жыл бұрын
@@poppet229 I know the history very well. Apart from living it (yes I'm old) I witnessed the positive changes, albeit, slow. The collapse of British industry (I was a victim) had nothing to do with the EU but an awful lot to do with a Thatcher run Tory Government. I remember Heath taking us into the beginnings of the EU (known as the Common Market) illegally. No one knew anything at the time, but we know now now why, and why Wilson concocted a referendum (which was also Illigal) which won an overwhelming majority to remain. Lots of dodgy stuff got us to where we are now, unfortunately.
@drew6993 жыл бұрын
UK was worlds 5th largest economy in 1973 when the UK joined the EEC. In 2021 the UK is the worlds 5th largest economy. How does the above fact, sit with your ignorance of reality?
@commonsense317 жыл бұрын
Well brits you just have to work for the same pay, as they do in China, but things you buy would be slightly lower.
@mclanaford29574 жыл бұрын
Common Sense What Crap. Open your eyes listen to the intelligent people that love the U K and that are not on bed with BRUSSELS
@madedigital4 жыл бұрын
Everyone watch Cromwell on KZfaq
@mantraman15334 жыл бұрын
The Worst gibberish ever heard, no figures at all either, lock him up.
@chrismorris47084 жыл бұрын
What a ridiculous comment
@pieterschadron36444 жыл бұрын
Before you start calculating about the 'cost'of membership please anwer the question: Why should a develloped country like the UK have a rebate at all? Why should the UK have a special position in the EU, is the UK a disabled country, an underdevellopped country (I guess yes, a complete lack of infastructure apart from the London area, however large this area is , it is only a small portion of the whole country). Another silly matter in this interview is that the EU funds available for devellopment in the UK are not spend well! That is up to your own politicians, you are stating that your politicians are not capable of directing the money towards suitable projects. My guess is that within a few years the UK will crawl humbly towards a new membership, then the other EU countries can help to recreate your by then completely ruined economy.
@janjasiewicz98515 жыл бұрын
Voodoo economics...if the worst kind...
@howardjones97484 жыл бұрын
Britain pays in to EU more than it receives..Britain buys more from the EU than it sells... Britain fifth biggest economy in world?? Unable to properly repair it's own roads. Unable to build schools hospitals power stations doctors surgeries sewage facilities without resorting to outside investment via PFI contracts... Britain now 'renting' long term more and more of it's vital infrastructure. EU countries using British contributions probably build schools hospitals power stations doctors surgeries sewage facilities ????? ..What a hideous financial burden for the children of Britain who already have their futures weighed down by the cost of the worldwide banking crisis.....
@iainlewis90314 жыл бұрын
And who is leading the UK? Ho of course it's the government! We want our country back! From the British ARSEHOLE's
@stuarthighfield39674 жыл бұрын
B
@georgbergsten60504 жыл бұрын
lol this is such garbage
@rdh-daliasjb37965 жыл бұрын
Funny, because the EU has finalised a deal with Singapore which they hope will pave the way for a wider agreement between the 10-member Asean and the 28-member EU. Another deal we'll have to renegotiate. The number of Departments, negotiators and civil servants we are going to need will make the EU look cheap.
@robertday86195 жыл бұрын
RDH-D Alias JB or what ever your STUPID name is !!! You are TALKING UTTER RUBBISH you haven't a clue
@rdh-daliasjb37965 жыл бұрын
Robert Day Delightful!
@lewisner5 жыл бұрын
But we won't be giving billions to the EU to support Eastern European economies and those departments and civil servants will be jobs for people in the UK.
@rdh-daliasjb37965 жыл бұрын
If you want to look through the keyhole and see the small picture: True.
@lewisner5 жыл бұрын
A lot of small pictures can be combined to make a big picture. Our net contribution to the EU is £8.6 billion PA and I am happy if that is used to employ civil servants.
@zbigniewbecker50804 жыл бұрын
So, here we are with wooly and poetic statements from an economist unable (how could he) to be specific with numbers, and the only tangible proposal he has is: 'let the UK be Hong Kong/Singapore', which would be an OK proposal for a young amateur politician, but not for a respected professor of economy! Give me a break! The EU as the ultimate evil? Excuse me, but has everything in the UK prior to joining the EU been splendid and perfect? If you want to convince the Brits that getting out would be better than have a plan and strategy, and stop making the British politics becoming a laughing stock for the world. Has the EU been blocking all these wonderful ideas presented in Manchester by BJ, so only after Brexit they could have been implemented? Get real!
@2opler4 жыл бұрын
I`ve never met anyone who voted leave to get wealthier, although i met one or two or were pragmatic about a war of independence actually costing something....It was far more culture than economics.
@megazero9522 жыл бұрын
I got wealthier, was finally able to get a job, until the lockdowns started and gas prices went up, thank biden and CCP
@royalordinance3 жыл бұрын
Blair, Soubry, Oluwole, Juncker, Merkel, Sorros, Take Heed. We will be free.
@janvanderploeg7644 жыл бұрын
This babble box didn't use any figure. It costs a lot, really? Oh, how bad! It regulates stuff, like labour and environment, all bad for the race-to-the-bottom extreme trading gurus. The only figure mentioned is 10% of GDP... 10% of UK's GDP over the last 45 years? 10% per year? The EU is not the solution to all problems, nor is without it flaws, but it is the common ground on which European countries have decided to deal with each other. Please leave and see how good your regulation-free free trade paradise will be, by stepping out the free trade Single Market. The first market you cannot trade with is the EU, because of regulations regarding food safety, labour regulations and environmental standards. For the workforce, become financially indebted, nationalism-fed, working slaves needing 2 jobs to survive while increasing the profit of capitalistic buccaneers who happily pay old men like our friend in this video to turn out some other factless crap to incite you.
@AlexeiRamotar5 жыл бұрын
According to this guy people should work for food and shelter and leave it at that. So very pro-Rich. I am assuming he likes laissez-faire capitalism and believes the state is there to protect the wealthy class' property rights.
@smellypunks5 жыл бұрын
Alexei Ramotar the idea is humans are most productive when we are free.
5 жыл бұрын
@@smellypunks You'll never be free from your own dumb as fuck stupidity you moron.
@mclanaford29574 жыл бұрын
Seán O'Nilbud We will see the UK prosper Open your eyes. They are ripping all those countries off not just the U K. But. .... RULE BRITANIA. THE U K IS SHOWING THE FORTITUDE. !!!! Many will follow.
@lesappleton28795 жыл бұрын
R
@hauskalainen5 жыл бұрын
Ask the British steelworker if he wants foreign steel to carry tariffs or be subject to caps to protect his job and you will get a very firm answer. And it ain't what Patrick Minford wants.
@usandthem734 жыл бұрын
What does this guy know.
@ruthbashford31764 жыл бұрын
Quite a lot actually. Yer pays yer money and pick the expert yer want to believe!
@GlobalDrifter10005 жыл бұрын
No facts. Only b.s.
@mclanaford29574 жыл бұрын
BamBamBatMan Your comment is exactly what we hear from unintelligent remoaners. Of course you will move to BRUSELLS or BERLIN after Brexit, I I understand that fully. Best get going ,you only have a few weeks . !!!!!
@GlobalDrifter10004 жыл бұрын
mclanaford I have no dog in the fight. One doesn’t have yo be able to lay an egg to be able to identify a rotten one.