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The spiked podcast

98: The economics of No Deal

The spiked podcast

spiked

News, Government, Politics, Society & Culture

4.51.1K Ratings

🗓️ 8 February 2019

⏱️ 43 minutes

🧾️ Download transcript

Summary

The Guardian’s Larry Elliott and spiked’s Phil Mullan take apart Project Fear II. Support the show: https://www.spiked-online.com/donate-to-spiked/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to a special edition of the spiked podcast.

0:03.2

As the Brexit deadline draws ever closer, the cries of panic over the effects of a no-deal Brexit get ever louder.

0:10.8

Every day, were subjected to new and ever more lurid scare stories,

0:15.0

warning of an instant and painful recession, food and medicine shortages,

0:19.0

and even civil unrest, if we leave the EU without making a deal. But how seriously can we take these

0:25.2

predictions? Is leaving the EU on WTO terms really so bad for the economy?

0:30.3

And what are the opportunities that a clean Brexit might offer.

0:34.0

I'm Fraser Myers and on this week's spike podcast I spoke to two Brexit backing

0:39.1

economists, The Guardians Larry Elliot and spiked Phil Mullen to find out more.

0:44.0

The economy crashes by 8% in a single year as house prices tumble by a third and inflation sores to 6.5%.

0:56.0

The Port of Dover would shut down on day one of Brexit.

0:59.0

Three and a half thousand troops are on standby.

1:02.0

Some members of the public are taking matters into the record. 1,000 troops are on standby.

1:02.6

Some members of the public are taking matters into their own hands,

1:06.0

stocking up on essential goods in case supplies in the shops from Lowe.

1:11.6

Hello and welcome to a special edition of the spike

1:14.0

podcasts we'll be discussing the economics of Brexit the myths around no deal the

1:18.8

opportunities for post Brexit Britain and more I'm Fraser Meyers and today I'm joined by the

1:23.4

Guardians Economics editor Larry Elliot. Hello? And Phil Mullen, author of

1:28.0

Creative Destruction How to Start an Economic Renaissance. Hello. So no deal is generally portrayed as a disaster.

1:35.4

You often hear it described as crashing out or a cliff edge Brexit.

1:40.8

Is that a fair way to describe leaving the EU on WTO terms?

...

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