What impact has Brexit had on the UK’s economy?
The Inquiry
BBC
4.6 • 1.7K Ratings
🗓️ 21 July 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
In 2016 Britain voted to leave the European Union. There were warnings that pulling away from the largest trade bloc in the world would be damaging to the UK’s finances. Those that campaigned for Brexit argued it would offer the UK self-determination and the freedom to forge its own trade relationships.
Who was right?
This week on The Inquiry we attempt to disentangle the numbers from the complications of the global pandemic and the war in Ukraine and ask, what impact has Brexit had on the UK’s economy.
Presenter: Tanya Beckett Producer: Louise Clarke-Rowbotham Researcher: Christopher Blake Technical Producer: Craig Boardman Edited by: Tara McDermott
(image: Trade between UK and EU. Getty images)
Transcript
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| 0:00.0 | A bomb whose creation would tip the scales of global power. |
| 0:05.0 | A nuclear physicist who sought to redress the balance. |
| 0:10.0 | The bomb, a podcast from the BBC World Service. |
| 0:14.0 | These are two available now. |
| 0:18.0 | Welcome to the inquiry on the BBC World Service with me, Tonya Beckett. |
| 0:24.0 | One question for expert witnesses and an answer. |
| 0:31.0 | The British people have spoken and the answer is we're out. |
| 0:38.0 | In 2016, Britain voted to leave the European Union. |
| 0:43.0 | Those that campaigned for Brexit argued it would offer the UK's self-determination |
| 0:48.0 | and the chance to forge its own trade relationships. |
| 0:52.0 | But there were also warnings that pulling away from the largest trade block in the world |
| 0:57.0 | would prove damaging to the UK economy. |
| 1:01.0 | It took four years for the UK to depart and in that time of course |
| 1:05.0 | there has been havoc wreaked by the pandemic and war in Ukraine |
| 1:10.0 | on nation's finances around the world. |
| 1:13.0 | So this week on the inquiry we attempt to disentangle the numbers |
| 1:19.0 | and ask what impact has Brexit had on the UK's economy. |
| 1:26.0 | Part 1. The Treaty of Rome |
| 1:33.0 | In 1957 representatives from six European countries gathered in Rome |
| 1:39.0 | to sign an important treaty. |
| 1:42.0 | It was an agreement that created a common market for trade |
| 1:46.0 | within which goods, people, services and capital could flow freely. |
... |
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