Comments by "Mitch Young" (@mitchyoung93) on "Brexit is a "slow puncture" on the UK economy | Economics | The New Statesman" video.

@gedog77 Because immigrants live under toadstools, right?
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As this interview makes clear, the UKs problems began long long before efven the Brexit vote, let alone actual implementation.
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@fitzstv8506 That's a generalization but even so if landlords couldn't make big money cramming immigrants into substandard flats they would have to repair and modernize properties to attract the natives.
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@fitzstv8506 Well yes, very few people do most things from the goodness of their hearts. But if the choice is between having your property empty (and thus you paying taxes...I'm American but I assume you have property taxes in England and Wales) and thus taking a loss, or investings a few thousand pounds for a current return on rents and a future return, they would. Listen, this is just Econ 101 as we say here (Econ A level?) ...supply and demand. Poorer migrants have to live somewhere, they increases the demand (whether government is footing the bill or not).
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@patrickmccutcheon9361 Certainly the Brussels area doesn't have affordable housing or food. So much so that the EU and NATO have to pay extra stipends for workers who must be posted there. And that just drives prices up further.
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The Brexit vote happened in 2016, it wasn't even close to established until 2020. This interviewee traces the problem back a decade and a half, to the financial crisis. Seems hard to blame the UKs woes on Brexit. I'd say the main problem is that up to and even past the financial crisis, which manifested first with Northern Rock, is that the UK based pretty much its entire economy on the services sector, mainly finance, some entertainment etc. Well, the financial crisis crushed that. And it isn't the UK that's thrown up trade barriers, it's the EU, which is all about trade barriers (one reason the EU couldn't come to an agreement with Russia over Ukraine...the EU always wants to be an economic hegemon).
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@chuck1804 The energy bills and gas prices have nothing to do with Brexit and everything to do with idiotic policy towards Russia.
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@SirAntoniousBlock No, they mean free trade and doing away with barriers disguised as 'safety' or other measures. I mean, it's not like the Brits export food anyway.
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Well, Canada stayed in the EU so of course it is prosperous.
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@johnvaleanbaily246 It was a joke. Of course Canada isn't in the EU. If the UK was smart it would be looking to increase trade with Canada.
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@dominicestebanrice7460 Not a very good analogy. A golf club maintains a course and facilities for the common membership. A shop however, doesn't expect you to pay to clean up his place (at least not directly) or attend his weekly staff meetings, or subscribe to his 'values'. He justs takes your money and gives you a product. Or gives you money (if you are supplier) and takes your product. It's very simple and doesn't require all the pfaff.
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@u.s.navy_pete4111 And? There are several countries in the G-7 that aren't in the EU. Not being in the EU is irrelevant. Basing almost all your economy on financial serves, and then being among the most gung ho for sanctions on Russia (think Lloyds not being able to insure Russian shipping) is quite relevant.
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@skippertheeyechild6621 Well then Brexit is the effect and not the cause.
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@evolassunglasses4673 The Uniparty.
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You think that maybe mass migration has something to do with demand for housing, and thus its price? Just spitballing here.
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@SirAntoniousBlock The EU project is to recrate German hegemony over Europe.
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@bmmaaate I hope he got more than a kiss.
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@roasthunter I kinda think that a government priority should be to spread development, recovery and prosperity across the whole of a country...that would help with rents in the few 'primate' cities.
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@roasthunter Well, for the US, start spending more federal money outside of Washington DC...as in HQing agencies outside of the beltway. Construct the financial system so that a few big New York banks aren't the only ones able to literally create money. There's supposed to be a lot of smart people in government ....they can figure something out.
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