Brexit day, Brexit visions
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 31 January 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
As the UK officially leaves the EU, what kind of economic future should it aim for? Should it be left entirely open to free market forces, or should the state play a bigger role?
Manuela Saragosa hosts a debate between two people with opposing views. Tim Worstall of the pro-free-market think tank The Adam Smith Institute, and Miatta Fahnbulleh, chief executive of the left-of-centre think tank, the New Economics Foundation.
Plus the BBC's Victoria Craig speaks to the owner of a Swedish café in London who has started helping EU citizens living in the city to complete the necessary paperwork for them to be allowed to stay on post-Brexit.
(Picture: The EU and UK flags sit atop a sand castle on a beach; Credit: Christopher Furlong/Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC. I'm Manuela Saragossa. |
| 0:06.0 | Coming up, Brexit visions. What sort of economy should the UK become after it's left the EU? |
| 0:12.0 | It's not something we can say, you know, we want car building or we want shipbuilding. We can't plan that. |
| 0:17.8 | What we can do and should do is to set up the system so that if that is what |
| 0:22.2 | is the next big thing, then it will indeed arise in the UK. So should it be left to the forces |
| 0:27.5 | of free trade and free markets? Not everyone's sure. It feels to me strange to say that we would |
| 0:34.0 | undergo such a process and have no sense of where we're trying to get to. |
| 0:38.1 | To just say we do this and we don't have a view of where we get to, |
| 0:41.3 | we don't intervene to make sure that it makes people's lives better, |
| 0:44.2 | it's absolute madness. |
| 0:46.1 | That and more coming up here in Business Daily from the BBC. |
| 0:53.1 | If Brexit had a soundtrack, it certainly wouldn't be this. |
| 1:01.5 | That's the EU anthem, Beethoven's Ode to Joy. It's been occupying the top spot on the UK's iTunes music charts this week. No, |
| 1:13.1 | the Brexit soundtrack is far more likely to sound like this. |
| 1:21.0 | That's the British told them to f***le-million f***s. They wield in the experts to tell us what's |
| 1:25.7 | right. They gave us the unofficial Brexit anthem, currently at number five in the UK iTunes music chart. |
| 1:33.5 | And there'll be plenty of people of people playing that later today, because from 11pm London time, the UK will no longer be a member of the European Union. |
| 1:42.0 | Brexit, as the British Prime Minister Boris Johnson is fond of |
| 1:45.1 | saying, will be done. Well, sort of. Mostly, we won't actually notice much difference. And that's |
| 1:50.8 | because there'll be a transition period with the UK effectively hanging around the EU departure lounge |
| 1:56.6 | until the end of the year. Most things will stay as they are during this period, |
| 2:01.4 | trading rules, travel arrangements, |
... |
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