{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/9a03fe9e-1ff0-4dcc-b3f6-50bd1f016ea4/eb3b578b-9cd5-4856-83ca-41afd70b09ab?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The Long-term Legacy of Brexit","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6195701f2eacc3a36070252a/619570bccb3c660012e3ce60.jpg?height=200","description":"<p>David and Helen are joined by Diane Coyle and Anand Menon to have another go at pinning down the long term consequences of Brexit.&nbsp;Now we have a deal, what are the prospects for rebalancing the UK economy?&nbsp;Do EU politicians want a post-Brexit UK to succeed or to fail?&nbsp;Can Labour really avoid re-opening the Brexit wars for the next four years?&nbsp;Plus, an update on the next series of History of Ideas.</p><p><br></p><p>Talking Points:&nbsp;</p><p><br></p><p>Because of Brexit there is more friction in trade with the EU.&nbsp;</p><ul><li>People will feel the friction more and more as we get back to normal volumes of trade.</li><li>Right now the volume is relatively low both because of Covid and because of seasonal fluctuations (things slow down after the holidays).</li><li>It will be hard to disentangle Brexit effects from Covid effects.&nbsp;</li></ul><p><br></p><p>We will be talking about Brexit for a long time.</p><ul><li>Future governments will be able to score easy economic wins by aligning more closely with the EU, although this may involve political trade offs.&nbsp;</li><li>This may not be true when it comes to financial services.&nbsp;</li><li>This trade agreement means that choices have to be made over and over again.</li></ul><p><br></p><p>The British economy is taking two shocks: separating from the EU but also separating from what Osborne and Cameron called a golden era of UK-China economic relations.</p><ul><li>EU policy and British policy on China are diverging.</li><li>The Uk government may focus more on India and other non-Chinese Pacific economies.</li></ul><p><br></p><p>Brexit does create some opportunities.</p><ul><li>The UK is a world leader in AI, and there is a commitment to investing in energy technology, especially green energy.</li><li>The UK is also a world leader in higher education and the creative sector; the problem is that the government has declared a sort of culture war.</li></ul><p><br></p><p>A German-led EU tends to treat geopolitical questions as primarily economic questions rather than long-term security questions.&nbsp;</p><ul><li>China is going to put that commitment, formalized in the China Investment pact, to the test.</li><li>Britain is now the liberal European state when it comes to foreign policy.</li><li>The institutions that have been so successful at managing intra-European imbalances now prevent the EU from being an effective actor in international relations.</li></ul><p><br></p><p>Mentioned in this Episode:</p><ul><li><a href=\"https://www.ft.com/content/6c112691-fa2f-491a-85b2-b03fc2e38a30\" rel=\"noopener noreferrer\" target=\"_blank\">Johnson’s piece for <em>The Financial Times</em> on green energy</a></li><li><a href=\"https://podcasts.apple.com/gb/podcast/american-carnage-with-rosie-duffield-mp-and-anand-menon/id1054000524?i=1000504630427\" rel=\"noopener noreferrer\" target=\"_blank\">Anand on the HuffPo podcast with Rosie Duffield</a></li><li><a href=\"https://ukandeu.ac.uk/\" rel=\"noopener noreferrer\" target=\"_blank\">The UK in a Changing Europe</a></li><li><a href=\"https://www.prospectmagazine.co.uk/magazine/who-killed-soft-brexit-eu-european-union-no-deal\" rel=\"noopener noreferrer\" target=\"_blank\">‘Who Killed Soft Brexit?’ Jill Rutter and Anand for <em>Prospect</em></a></li></ul><p><br></p><p>Further Learning:&nbsp;</p><ul><li><a href=\"https://www.ft.com/content/6a429460-4bfb-42d4-9191-73ba97dde130\" rel=\"noopener noreferrer\" target=\"_blank\">EU and China agree new investment treaty (from the <em>FT</em>)</a></li><li><a href=\"https://www.politico.eu/article/germanys-drive-for-eu-china-deal-draws-criticism-from-other-eu-countries/\" rel=\"noopener noreferrer\" target=\"_blank\">More on Germany and EU politics on China</a></li></ul><p><br></p><p><strong>And as ever, recommended reading curated by our friends at the LRB can be found here: </strong><a href=\"http://lrb.co.uk/talking\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>lrb.co.uk/talking</strong></a></p>","author_name":"David Runciman and Catherine Carr"}