Professor Patrick Minford Full Interview

Patrick Minford CBE, Professor of Applied Economics at Cardiff University explores why the UK will be considerably better off outside the EU.

[@michaelkaercher]

Interesting that he spoke about liberalization of busses and not trains. LOL.

[@charles-mr4oz]

An academic telling ordinary working people that being forced to work longer hours is a positive thing and he can't possibly see how this is a health and safety issue. I feel that it might be more informative if we could see a number of academics with opposing views with maybe a few of the people on the ground that are having to deal with the issues that have been created by Minfords approach rather than a soft interview with an interviewer that nods his head and agrees with everything

[@thysbasson1786]

The UK House of Commons should attend lectures by this professor. I agree with him 100% A no-deal Brexit is essential for the UK as well as the future of Europe. Maybe even the whole world. All countries struggle to get rid of Remoaners and EUSSR's socialist and centralist "disease," Let Competition between countries thrive and make people realise the truth.

[@johncarden8985]

He did explain what he is saying here to a Brexit committee in parliament. The report would be available to MP's and party whips, but presumably they chose to ignore it.

[@R00365]

So leave the EU and all its free trade deals so as to incur tariffs and get "free trade"?

[@johncarden8985]

@@R00365 Tariffs are applied to goods coming into the EU where goods from outside the EU compete with those produced in the EU. There are 13,000 Common Customs Tariffs which can be changed at any time, effectively forcing up prices for UK consumers. For example, tariffs on Oranges have just quadrupled because very good oranges are available from outside of the EU cheaper than Spain's produce. When you buy free trade coffee it acquires a tariff as it is produced locally to where it is grown. If beans are imported and processed in the EU, there is no tariff. Clothing and shoes have high tariffs as they are produced much more cheaply outside of the EU. After Brexit the UK will return to the position of being able to buy goods and apply tariffs according to its own requirements. It will not apply import or export tariffs to good coming in and out of the EU, so that the status quo is maintained.

[@jakestewart5812]

No agriculture no manufacturers no country , plonker all hedge fund manager

[@gavinthompson687]

Driven by a grasp of economic reality at odds with majority academic opinion - or driven by elderly bigotry strangely aligned with Extreme right opinion, Tommy Robinson and racists ? you decide !

[@R00365]

Came here hoping to hear how brexit would be good. But I'm not impressed. Vague, full of many dubious claims. A random story about bus services. Ffs is this the best brexit has to offer? It makes sense if you think "regulation bad". If you think regulation is complex and often reasonable then there's nothing to get hyped about.

[@PhilipHunt]

If you listen carefully, you can hear prof. Minford contradict himself about trade tariffs & how they will/won't benefit the UK post brexit.

[@PhilipHunt]

@@robinhorsley123 the assumption seams to be that the EU protects it's internal markets from the outside world, hitting imports into the EU with tariffs at the cost to uk consumers. So we come out of the EU to take off these tariffs. Yet he goes on to say (at about the 36min mark) that tariffs do work for large markets where they dominate the consumption of a given good. I think the issue is confused by the lack of discussion about collective bargaining power of countries that are in a club above and beyond the WTO. Even if the internal cost is that countries (internal to the club) have to harmonise.

[@PhilipHunt]

@@robinhorsley123 bit difficult to fully explain on a limited text platform. It will be interesting to see if the uk can get across the transition time where "protected" industries are allowed to fail or subsidised directly and into the period where the uk public can see the benefit. Looking a bit polarised, socially, after 8 years of austerity. Not sure a year of economic "rearranging" will be tolerated. It does make one think what's down the road? Every action has it's equal and opposite reaction.

[@PhilipHunt]

@@robinhorsley123 yep, sure he does. Trouble with economics is you're right depending where you stand. From someone else's position, it looks totally different. For egsample the average 1980's stockbroker would have said "he knows his stuff". Not sure a steelworker or coal worker from the north would have agreed.

[@PhilipHunt]

@@robinhorsley123 I don't mean to be combative, just interested. Economy is like time. It works differently in different places.

[@R00365]

@@PhilipHunt OMG a reasonable person on KZbin. Bravo sir. 🙏🙂