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Economist Podcasts

EU’ve heard this one before: Brexit trade talks

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 2 March 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

Once again, Britain’s negotiators are talking tough, threatening a no-deal scenario as a long series of trade talks begins in Brussels. They’ve got a hard job ahead. Many aircraft engines have computer-based “digital twins” to keep them healthy and efficient—now that idea is being used to monitor human hearts. And a descendant of Vienna’s Rothschild family fights to regain a family foundation. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.7

Every weekday we provide a fresh perspective on the events shaping your world.

0:15.0

Engineers depend on what are called digital twins, computer-based copies of, say, an aircraft

0:24.0

engine or a factory line. They're good for spotting problems or testing possible solutions,

0:30.3

and now those same ideas are being applied to the human heart. And much of Vienna's Jewish

0:36.8

population was forced out during the Second World War, including the city's unofficial

0:41.7

royal family, the Rothschilds. Now a descendant from New York is staking a claim to a

0:47.4

Vienna's foundation started by his ancestors but then seized by the Nazis.

0:54.4

First up though.

1:02.4

Despite the rhetoric, Britain's departure from the European Union on January 31st

1:07.4

was the beginning, not the end of a process. Today both sides get together to begin

1:13.4

discussions about a post-Brexit trade deal. It won't be easy. The British team numbers

1:18.4

100. A conference center in Brussels is being used because the European Commission's headquarters

1:23.4

are too small for all the meetings that need to be held. And the differences between

1:28.4

what each side wants are huge. The EU's main concern is that Britain will undercut it

1:34.4

in areas such as labour, environment or state subsidies.

1:38.4

We cannot expect high quality access to the single market if it did not prepare to accept

1:44.4

guarantees that competitions remains open and fair. Free and fair open and fair.

1:52.4

Prime Minister Boris Johnson, who's set a deadline for the deal by the end of the year,

1:56.4

is pushing back.

1:57.4

There is no need for a free trade agreement to involve accepting EU rules on competition

2:04.4

policies, subsidies, social protection, the environment or anything similar.

...

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