🎧 The Long-term Legacy of Brexit

Episode summary: David and Helen are joined by Diane Coyle and Anand Menon to have another go at pinning down the long term consequences of Brexit. Now we have a deal, what are the prospects for rebalancing the UK economy? Do EU politicians want a post-Brexit UK to succeed or to fail? Can Labour really avoid re-opening the Brexit wars for the next four years? Plus, an update on the next series of History of Ideas. Talking Points: Because of Brexit there is more friction in trade with the EU. - People will feel the friction more and more as we get back to normal volumes of trade. - Right now the volume is relatively low both because of Covid and because of seasonal fluctuations (things slow down after the holidays). - It will be hard to disentangle Brexit effects from Covid effects. We will be talking about Brexit for a long time. - Future governments will be able to score easy economic wins by aligning more closely with the EU, although this may involve political trade offs. - This may not be true when it comes to financial…