Why Has Brexit Failed? (Podcast)

by: SA For FAs
Summary

Major European companies with London headquarters continue their steady march out of the UK.

The Centre for European Reform estimates that the British economy has shrunk by over 2% over the past two years, costing the Exchequer $30 billion.

Brexit reflects the modern tendency to lurch toward populist goals without any realistic plan as to how to make them work.

Major European companies with London headquarters continue their steady march out of the UK. The Centre for European Reform estimates that the British economy has shrunk by over 2% over the past two years, costing the Exchequer $30 billion – an amount that exceeds the expected dividend that departure from the EU was supposed to yield. This brief podcast (3:04) argues that Brexit reflects the modern tendency to lurch toward populist goals without any realistic plan as to how to make them work. A big part of the reason for this – and this applies to developed nations across the world – is the lack of a broad social consensus on goals, and the lack of a leadership capable of building a governing consensus.