Roger Bootle: Europe is a complete disaster - Britain must leave

Economist & author Roger Bootle talks to Merryn Somerset Webb about Europe’s economic disaster, & should Britain pull out.
Recorded May 2015
Roger Bootle is the founder of Capital Economics and the author of many excellent books including The Trouble with Europe.
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[@SAHBfan]

This is a great interview, not only because of its content but also because of the civil and none-confrontational way it which it was conducted. Very refreshing.

[@braddavis3865]

@SAHBfan...I agree. I live in Canada so I am not overly informed about the content of the discussion. However, I appreciated listening to an exchange where the interviewer/journalist was actually trying to pull out information from her questioning, not simply trying to drive home a politically biased narrative. We need more of this!

[@LettyK]

SAUBfan…. I agree and on the way the interview was conducted. I can't stand for example the way Andrew Marr on the BBC conducts an interview: he's like a bull at a gate.

[@wernerpfeiffer1313]

It was non-confrontational because interviewer and interviewee agree :-) and the people who also agree with them like the interview. Nice, yes. But also a waste of time in a way.

[@mikaham681]

3 years after this interview, Roger Bootle saw everything very well. Its happened almost exactly as he forsaw it.

[@marvinstorm9153]

Here we are 5 years on. Whaddya say? UK is fucked. EU is doing fine

[@nrgrg]

@@marvinstorm9153 How about now? Making this day, UK prime minister resigned.

[@joesmith3590]

@@marvinstorm9153 how about now??

[@zzebowa]

Yep It is toast the EU, too centralised, too regulated, typically continental. LEave them to it. We dont need it, we dont want it and we dont have to have it.

[@sixmagpies]

"...too continental"? Get real. European nations and European people in general are Britain's friends, both in culture and trade. The problem, sir, is the sovereign entity of the EU itself, being a self-empowered, self-centred, increasingly collectivist, wholly unaccountable and irremovable, plutocratic orgy of bureaucracy that despises ordinary working people. It has nothing to do with "Europeans", and has done nothing for Europeans except to screw up their economies with its ridiculous overregulation and single currency experiment debacle.

[@sixmagpies]

@@newchan329 He was right, but then he had the benefit of maturity, intellect and being well read.

[@sixmagpies]

@Peter Marsman Why would that happen? Or should the UK prefer the increasingly EU "takes all" deal? Please offer even ONE benefit to the UK of continuing to pass all legislative and judicial ( goodbye Common Law and Habeas Corpus!) power to the EU?

[@newchan329]

@@sixmagpies what happened to that idiot son of Benn's though?

[@newchan329]

@Peter Marsman I see, so you feel so insecure that you don't feel your country is able to stand on its own two feet? Says it all ...gutless, you need to grow some balls. I'd stay away from that crystal ball if I were you ... if it worked you'd have won the last euro millions lottery. Then again, maybe it does work, ... try it out on the next lottery if you haven't bought a ticket yet.

[@tonyhind6992]

We NEED to get out the EU yesterday.

[@dimsung8724]

@i. rob Yes still at least we know what we are dealing with now and that we have to start giving new parties a chance. We will never get democracry out of these tossers.

[@dimsung8724]

Before then even but I get your point.

[@dimsung8724]

@Boris Farage The majority was 52% for leaving and they had been silent in recent polling due to Remainers bullying them and calling them racist but the ballot box is private and you can choose who you want there. Going back 17 years about 52% have been for leaving. We don't need to be in the EU and for most of our history we did much better without it. Why let other people decide and vote on your laws or pay for two parliaments - neither of whom can be held responsible. The EU can't because we can't sack the people in it who propose legislation and MEPs are told how to vote on it. Our parliament can't be held responsible while it can blame the EU. We need to be able to say it's your fault and you are sacked or they will never do what we want. As for the EU they are big boys and will have to lie in the bed they made with the crooked failing Deutsche Bank and their horrible control freak social laws. I am not obliged or interested in helping the EU. They help themselves all the time and don't help us. They can piss off. Europeans are great. The EU is utterly shit at economic and social policy and is full of banker freaks.

[@dimsung8724]

@Boris Farage BY the way the latest polls now have everyone so sick of this denial of democracy and the fighting that 60% want Brexit and most of them want a No Deal version. Usually things revert to the norm though which has been 52% for 17 years.

[@DeeJay003]

@Boris Farage Wrong.

[@malcolmc2395]

The mainstream media should give more airtime to economists like Bootle and Connelly, both who have served on the BoE monetary committee. They're very clear, unhysterical thinkers and communicators, unlike some members of Parliament I can think of!!

[@martingrundy5475]

Come on man. They are exactly just what the MSMedia do NOT a want. They wan't people who look the part, can almost sound the part enough to be mostly convincing, and who will say the right things in order to push the narrative or agenda. I really do not wish to sound like some kind of flakey tin foil hatter type; perish the idea, but the MSMedia nd TV in particular have been awful for some years now. The trend only seems to keep downwards. Especially what they claim to be news, or factual. They would have few people on their staff capable of even interviewing someone honest, frank, candid and intelligent. They would be sat like chumps with little idea what was going on and incapable of asking a reasonable question. Frightened to death they would make themselves out as obvious tools and frauds.

[@andrewcavenagh9016]

An interview that all those who slavishly swallow the line that the UK has no future outside the EU would do well to listen to....

[@dimsung8724]

Economists Steve Keen, Martin Armstrong, Mark Blyth anyone on the Moneyweek channel. Let's see if this comment gets removed like the last time I replied. Check this economic summary as Mark Blyth explains why Brexit is good for working people:- kzbin.info/www/bejne/aanUXpqNq55kja8 He is most famous for his comment where he explains to his Hedgefund manager pals that "The Hamptons is not a defensible position...one day they will come for you".

[@dimsung8724]

@Vlodec Very defeatist. So there were no countries before the EU? They will manage. There's a huge crash overdue due largely to EU banking practice. The EU is run by these people. They design crashes and time them to suit them usually. Greece would have done so much better to have never joined the EU. It was liquidised and the funds went to proppong up the Deutsche Bank which has banking warnings on it as do many Italian banks. They are all broke in the west but some far worse than others. The West is broke and fiat money no longer backed by gold, is being printed to hide it, also negative interest rates are being brought into Europe to force people to pay a banking tax they can't avoid as cash is being replaced by electronic money in a desperate attempt to paper over the cracks but it can't work unless India, Russia and China go along with it and they don't have to anymore since they have loads of gold and silver. The banks have held gold prices low and the fines still cost less than the profits, while they accumulate it for when they bet against Europe and or the dollar to make a killing and let us crash. Then you get wars and they run off scot-free. The bankers wanted Greece in the EU to gain the assets all along. Greeks owned their houses. Now they have to list all their belongings, now why would the EU need that if it didn't intend to take them etc.. It is coming for your stuff. Greece only kept DEitsche Bank going a while and other countries will need to be liquidated to keep the charade going. The same elite families created the last two World Wars. The Bushes funded HItler. This is all a charade designed to suck the middle class dry and to return us all to a state of peasantry - historically there are only two classes normally and they liked it better that way. Historian, economist, financial advisor and AI designer Martin Armstrong says we are at the end of an era in the corrupt phase where they aways tax you until you leave your property behind like the Romans did. We will see more and more laws imposing more and more fines and get more Draconian laws generally eg. Hate speech laws to stop rebellion as the sytem stops working etc. where they can squeeze more out of us so they can keep the dirty broken system going. In the end you get wars internal and external and Armstrong says they will be all over the World soon. The EU brought this on as did the rest of the Western governments really. They wgae expensive wars to keep us in line and sell weapons and debase currencies to do it which is stealing from savers. War on any scale is a function of corruption. People may have border skirmishes but wars are something quite different. If the EU were better for people they wouldn't want to leave it. Should we be forced to stay anyway? Perhaps you think we shouldn't be allowed to vote anymore? The EU needs us because it is a failure. IT is going into recession all on it's own without Brexit because it is run for and by bnkers you can't sack or elect who ant to bleed everyone else dry then move on. Armstrong points out it did not amalgamate the debt when it created the Euro so it cannot be sustained. It creates poverty in economies unlike Germanies and even Germany is now in recession. Their banks are failing and they print money - the precursor to WW2 was the same. People were paid hourly and had to rush with wheelbarrows of cash to the shops before inflation got higher. In the end their savings were worth nothing and they burned cash to stay warm. People were starving etc.. This happens all the time in different countries even now and it will happen in the EU and likely pretty soon. War doesn't just happen on it's own or because you aren't in the EU. Staying in will take us down with it and we will be having it hard enough when the everything bubble breaks. Check out The Hidden SEcrets of Money series here if you are interested:- kzbin.info The Four Horsemen documentary is a quick way to get a summary of how cycles happen and what is behind them. If you don't allow for market corrections and the law of supply and demand you are doomed. The longer you prop up bubbles the more likely violence will be the outcome so it is better the EU folds now and that will be bad enough.

[@wekapeka3493]

Dim Sung You are right. Criticism will come though from those more closely connected to the true puppet master behind this insidious scheme. The fact that it’s origins are veiled in deceit, lies and Fabian stealth point out its evil intent. The EU would not have been allowed to mutate from the “common market” except by deceiving the populace it sought to control. The EU’s use of quislings, deception and lies parallel the historical hallmarks of evil.

[@duncans4186]

@Vlodec don't be silly

[@marvinstorm9153]

Oh really? How are things now in June 2021? This guy got it totally wrong and you believed him. Ill informed gammons

[@dread4836]

Leaving is so much more than just about about money, the importation of millions of incompatible third worlders from middle east and Africa, is the underlying issue which is not even discussed now.

[@redpeony]

Here's the problem you are talking about. But leaving won't help one wit because the Britsh deep state depends on the arms trade to the Gulf states. Aspasia, A. 2017 On Migration: An Open Letter To George Soros, New English Review, 1 Oct. www.newenglishreview.org/A_Aspasia/On_Migration:_An_Open_Letter_to_George_Soros/ Aspasia, A. 2017 The Rape Of Europa, New English Review, 1 Sept. [Online] www.Newenglishreview.Org/A_Aspasia/The_Rape_Of_Europa/

[@redpeony]

@Jeannie Seibert I have put the link up again. It works now.

[@redpeony]

@Jeannie Seibert My pleasure. I hope you enjoy it.

[@vbsbkjer2]

Racist or what

[@redpeony]

@@vbsbkjer2 Islam is a religion not a race. A person of any race can be Muslim.

[@NGE0001]

Great interview, insightful guy

[@andrewdalziel4006]

No surprise that we never hear interviews like this on the BBC.

[@marielebars7233]

Same in France: only europeist economists on french TV!

[@spivvo]

Aaah, there are some sensible people left. Great interview.

[@marvinstorm9153]

June 2021. WRONG.

[@olivergorman3419]

Three years later, I fully expect that both these smart people were chuffed to see the unsightly back of Treason May and are looking forward to a clean Brexit on or before Halloween.

[@marvinstorm9153]

Happy now your country is fucked?!

[@charlesreesink7850]

excellent: public service, scepticism, EU - a cocktail only a few can calibrate so articulately...well done

[@royshaft]

Halfway through and me , being slow , realise this is 4 years old . Quite precient outlook from him . Funny and smart guy .

[@marvinstorm9153]

4 years on. Are you stupid? Now it's june 2021 and UK is in the shitter

[@nancyhobson9710]

What if Europe was invaded by one entity as it was in WW2? Would they have to surrender as part of Europe?

[@adoreslaurel]

Nancy, You have imagination, A very good point.

[@johnborne1175]

2019 what an interesting interview, and thought provoking analysis, above all that, what an intriguing interviewer.

[@MrDaiseymay]

Yes, I had forgot about her, she used to be on TV as a regular. What also stands out, is her undoctrinated 'NORM'. of not being rude, disrupting, and BIASED. What a good expeience for the viewer, and what a bunch of switch--off idiots we have instead, to-day.

[@aphroditeblighty1450]

I will buy the book.

[@Pleiadiaes]

This should be mandatory viewing for all Parliamentarians

[@Chris-ji4iu]

Awesome to see an honest interview! Thank you, Ms. Somerset Webb - thoroughly enjoyed this interview!

[@GETJUSTICE4U]

Mervyn King, ex governor of the Bank of England and esteemed economics professor. Said in a similar interview much the same almost paraphrasing what Bootle says.

[@henrybartlett1986]

Real earnings have been falling for over thirty years.

[@tobyw9573]

EU problems Overregulation Tariff bias uncontrolled immigration Increasing socialism Open Society ideology Central govr too strong and increasing Increasing bureaucracy Euro Army when major non-Brit countries spend half of the required 2 pct by NATO on welfare state

[@frankyfourfingers8913]

Mass immigration is the reason Britain is leaving . You would think the EU would stop mass immigration .

[@fuckfannyfiddlefart]

What delusional nonsense.

[@fortuner123]

When I bought my first house in 1977 the interest rate was 14%. A mate of mine had a fixed interest rate for the duration of the mortgage of 11% and I thought he was lucky. Still though, no problem getting a mortgage.

[@andretetaert3948]

roger bootle a critic with writing experience selling his book good luck with the book and even predicting the future super...

[@MartinJames389]

The EU isn't Europe. It's only 28 countries. There are 48 countries in Europe.

[@MyPicturesRestoredBedford]

Interesting interview, well conducted. Glad the audio quality improved.

[@ramjet8778]

Why can't the BBC show interviews like this ?? Perhaps it's just too high brow and too educated for the populist and shallow BBC. Great programme...very well informed and presented. These are the sort of people we desperately need in politics now.

[@golbey4780]

Ram Jet ... the EU help to fund the BBC.

[@andrewsmith-cm9qw]

clear unbiased interview from a very smart guy and a interviewer who is letting the interview and its content flow without a political agenda show this to STURGEON PLEASE

[@helpingsociety4447]

NO DEal = £0 = £ZERO exit RANSOM Fee = => nearer removal of VAT TO 0% OR lowered VAT ! We PAY SO MUCH TAX because EU charges Uk £10 - £12 BILLION PER YEAR !" No wonder , our pensions have effectively gone for the younger generation..

[@RMcGivern]

The real reason for wages not increasing for so long which he failed to mention is the huge influx of cheap Eastern European labour in the last 14 years

[@stewartw.9151]

15:00 - the principle driving everything is "ever closer union". Correct - and that union was Hitler's dream, in 1941 when it was thought Germany would win WW2. The union would be all of Europe and Britain once Germany had conquered and was fully in control. Walter Funk, Hitler's closest financial adviser thought up the plan and published it in 1940-41. Hitler agreed. Later still Nazis who saw that German was to lose the war, adopted Funk's plan as a means to ensure the position of Germany within Europe, not this time by force of arms but by political maneouvring. Looks like it has worked so far - except that Bexit threatens to bring the entire house of cards tumbling down!

[@SkillBuilder]

I think he is right on so many points but I would argue about his observations on Greece. The Greeks know only too well that the Euro is bad for them but they fear the alternative. It is nothing to do with the Stockholm syndrome. The Greeks hate the Germans. The Germans starved thousands of Greeks to death and stole their wealth and have never paid a cent in compensation. They have not forgotten that.

[@Nobby7507]

Brexit = Freedom

[@ThePixey1000]

Thank you GOD for giving us Roger Bootle that says what a lot of people have thought for decades.

[@stucrossland3719]

The UK Column news said we would not be allowed to leave the day after the referendum..

[@davidtuer5825]

What a sensible and interesting discussion!!

[@gordonsmith8899]

Once again, why hasn't this debate been broadcast by the BBC?

[@pierluigidipietro8097]

As an Italian, I would suggest that there is indeed a party that wants to break the bond with the EU (Lega, and its leader Salvini). But there is not a critical mass in Italy that wants really to do this step, as there is in GB. IMHO, as the situation is currently evolving, the most probable case is the other way around: EU will leave Italy. EU is going to break up and then dissolve. Just expect the next elections, both in GB and France (BoJo will be elected in GB, Le Pen in France). These two nations' politics will be crucial for the impending EU break up. It will start form Germany, this country will be the detonator.

[@christiand.j.1054]

Le Pen will never be allowed to become president, Rotschild wont allow it.

[@pierluigidipietro8097]

@@christiand.j.1054 just wait and see ;D

[@dimtiartachev1573]

6 year later this interview has become even beter so sad that guy mixed england with EU :D

[@alanaadams7440]

I guess the real question is how did the U.K. do before the EU? If it was doing well then it should do well without the EU. Europe will continue to trade with the UK

[@newchan329]

Alana Adams - Before we joined the EU we had been the 2nd largest economy. There is a site called classora dot (.) com (cannot post the link but Google, classora dot com reports UK economic history use a '.' for dot) and it shows the UK as the 2nd strongest economy in the world between 1960 and 62, 3rd between 1963 and 66, 4th between 1967 and 70, 5th between 1971 and 82, 4th in 1983, 5th in 1984 & 85, 6th between 1986 and 1994, 5th in 1995, 6th in 1996, 5th in 1997 and 98, 4th between 1999 and 2004, 5th between 2005 and 2007, 6th between 2008 and 2010, 7th in 2011, 6th in 2012 &2013, 5th in 2014. This site then stops ... it starts data at 1960 and ends data in 2014. There is link from classora dot com which prevents my post from going live and which shows our GDP in 1973 and beyond as very healthy indeed ut even healthier in the early 60's ... it shows the UK as consistently 3rd in the table of the 19 countries published. It seems we've done well in all years, best between 60 an 62 ... but perhaps would have done even better on our own?

[@Rose06091]

I'll buy Corbyn this book

[@sirrathersplendid4825]

Rose White - He wouldn’t understand it: contains far too much common sense.

[@jenniebugs1]

Wow! A very informative interview, clearly giving a true picture to stabilise the histrionics of the media and those who are led astray by sensationalism. A calm voice in a stormy sea. Thank you sir.

[@schopen-hauer]

housing can only go on as credit is loose, let interest rates go up 1% and youll see all trades unwind, bonds, stock market and eventually housing in uk usa etc

[@ArnoldvanKampen]

@6:17 The Germans and the Dutch are not spending enough. This is the trade balance problem. It is not balanced anymore. Wages are run into the ground. Germany has too many '1 euro jobs'. Wages should be raised there and the money should be spent where we sell our stuff abroad.

[@MrDaiseymay]

He has just spoken of my favourite quotation, those who were born during the E>U era, and know no other expeiences. and fear leaving the E.U, are suffering from ''STOCKHOLM SYNDROME'' i.e the captives are afraid, of leaving their prison, 'cause they have a warm regard, if not love, for their captors.

[@travelbugse2829]

I would like an update on this interview. I have an inkling that very little of what RB said should be revised.

[@mikedar8484]

'Unification' always destroys "innovation" as "innovation" is not needed where those in dominion inside 'Unification' just see innovation as a unnecessary expense.

[@zyltch1]

Cannot understand how a £90 billion pa trade deficit with the EU benefits the UK. Great for Germany (mainly) bad for UK.

[@pumkineater7219]

As a buy to let investor, Bootle is completely right. In the past year recent investments have fallen 15% in value and I don't see it improving in the short or medium term. The dithering by MP's in the past 3 years regarding Brexit has of course had a huge impact in the housing market place. Frankly if BJ can get us out of the EU by 31 October, the fall will not be bad as it currently is. My advice to youngsters is, by all means buy, but don't think of it as an investment but rather a roof over your head!

[@pastorellipaul5086]

In the meantime the Pound has shrunk from 1.7 to practically parity 1:1 with the Euro.

[@louisbanaszak3125]

read this book

[@robertblay8901]

I respectfully tell my friends and family that if they wish to remain in the EU and therefore have their lives governed by a foreign power that they should go and live on the European continent. A very simple solution whose time has come. The UK should have free trade with the EU not a common government.

[@helpingsociety4447]

UK citizens TAXED so heavilily -n UK is the 2nd BIGGEST PAYER of "£10 - #£"12 BILLION PER YEAR . Isn;t our £350 BILLION ca from 1974 - 2019 PAID TO THE EU not already enough A BURDEN OF tax removing our PENSIONS NOT ENOUGH for EU - but EU WANTS ANOTHER £50 to £63 BILLION exit RANSOM Fee !

[@fwcolb]

I have worked as an economist in 18 countries since 1970 and have asked myself the same questions about the UK in or out of the EU. And I have come to the same conclusions as Roger Bootle. Not much difference in the medium term but a growing net benefit in the long term if the UK leaves the EU. Frankly, the UK is anchored to an economic dead-weight driven by continental economic philosophies.

[@shuaguin5446]

Right US economic philophies and interest are probably better for UK. Go for it, be the little fish in the middle of the lievathans.

[@TranquiloTrev]

I will tell you when Europe was a complete disaster, in 1945. That is what the EU was created to prevent. It has done a magnificent job. Not only has it prevented the human tragedy of war, it has prevented the economic tragedy of war.

[@frankcrosby6222]

The US has prevented European War and devastation. Look up bretton-woods, the cold war, maybe just pick up a book in general...

[@TranquiloTrev]

@@frankcrosby6222 Another thing, if the USA is so good at keeping countrys out of wars, how come it cannot keep itself out of wars. Are these Walt Disney books you are talking about ?

[@frankcrosby6222]

@@TranquiloTrev I'm not defending our actions in a post 9/11 world. Stuff is fucked up. I'd like to pull us out of all nations who don't want our help and security. Let the chips fall where they may. It is foolish though to say we aren't the main deterrent for ALL other powers to go to war and we allow safe trade on the open sea for everyone who plays by the the rules. That is literally all first world nations, including others like china and India. All UN trading nations.

[@dimsung8724]

EU = overextension Roman style.

[@kiljoy5223]

Hmm.. I would hate to think Germany and the Netherlands were being punished for frugality, saving.

[@markhughes7927]

7:30 i believe Britain joined mainly under the compulsion of US policy. The early economy was doing better than Britain but actually not so well as Commonwealth countries which were expanding at a greater rate. Pity we didn’t stay with friends. The main thing wrong with the EU is that it is a centrally directed economy - in the 85% of the world which is not the EU occurs 95% of world economic growth. The EU has the fewest Unicorn companies in the world and is experiencing a brain drain of its brightest youngsters. Its form of political representation is brutish. Its justice is accusatorial. Its political outlook is imperial. The greater number of the countries it controls want out. It is also not taken seriously by China, the US and Russia. It’s a daft place to be!

[@johnwellings3225]

Always liked Roger Bootle and his books

[@charles-mr4oz]

I think that this interview highlights a big problem that we face in the Uk. Some of what Bootle says I find myself in broad agreement with particularly the the single currency issues. Some of it I disagree with entirely and that's just mostly just a matter of perspective. I am not a wealthy financier so it's not surprising that when someone that is dismisses things like workers rights (they always frame it as regulation but it's what they mean really) then I'm not likely to agree. My beef though is that since the referendum to leave the EU it is easy to find people with strong views either way but what is hard to find is anyone that is proposing any kind of path towards a greater wellbeing for more people. In this interview Bootle talks about house prices and inflation in purely economic terms but a day after Honda announce that they are to leave Swindon we need to make a connection between those numbers (GDP, inflation, house price growth) not in terms of investments but in terms of what they mean to livelihoods, communities, towns and well being of people. People need to be talking about this because if they don't then towns like Swindon might end up looking like Ammanford after the demise of the coal industry. At least Patrick Minford spelt out what it would mean when he said that the UK car industry would be devastated but who is creating any kind of map towards future well being of the residents of Swindon? In the end, for people like me, after ten years of austerity, it means hours waiting in a+e for an xray for my dad (that never came) or the prospect of being unable to shift a few grand into my daughters pockets when they get married or my local high street falling slowly into dis-repair. People on both sides of the Brexit argument need to stop yelling at each other and start an in depth look at how we get through this as a nation whilst supporting the communities and culture that stand to suffer the most. Bootle isn't talking about it. Our government and opposition are not talking about it. Fringe political parties are not talking about. If it's not some kind of fantastical dream I would say that communities need to start talking about. Where will the fish be sold, what will we do when the factory closes. here will investment come from to re-invigorate the economy of our towns and how will we care for each other in the advent of a further collapse of our public services.

[@MrMagnusFogg]

I was enjoying the interview pretty much and even left a 'like' in the middle of it...up to the moment when Mr Bootle spoke about his portfolio - "BG, the BIG PHARMAceutical stocks, etc."...I paused the conversation, but it was already too late, only 1 minute left before the end...I had no choice left but to delete the 'like'...people hardy notice what stockholders do to the economy and the cost of living...sad ending...

[@paulstevenson200]

Check at 13 mins and 21 mins. A very intelligent and informative programme.

[@sumac3539]

People may not have a clue who this chap is. Some background information about him would have given clarity as to how he is qualified to write the book. Very informative interview.

[@jagman84]

Unless the EU disbands the Euro, I can see their empire ultimately shrinking back to the existing members, before the UK, Ireland & Denmark joined. Ireland's application to join was motivated by the UK joining. It would be in their interest to leave with the UK too. Denmark could probably stay as members but with certain economic caveats.

[@chavdarnaidenov2661]

One example of these regulations please. just one

[@thehowlingmisogynist9871]

Jesus!!!!!! For a second, I thought that was Jess Phillips !!

[@mikehutchison4892]

4/1/21 Post Brexit U.K.: thankfully,now that we have deregulated and handed total power to the Govt.we can:- carry on subsidising the rich landowners with £3 billion a year,carry on subsidising the building of anaerobic digesters on farms(producing more methane,more CO2....to hell with climate change ),carry on selling these small units to the big utility companies,who are owned by even bigger,foreign companies.......who take the profits ! And you thought the rain was free.

[@dumdumbrown4225]

…am very surprised there is a worthy mention of house price bubbles cancelling the actual wages growth - great interview

[@marquerinkaccessories8111]

He is talking total nonsense about the Euro. The Euro is the beating heart of the EU. Even inside Germany there are less prosperous regions than others. If his argument had any ground, the USD should have long been abolished and the US and would have 10 or 50 currencies. Same for other countries like the UK. If his argument had any ground, why not give every citizen his own currency and let them run their own bank and central bank? Then we are all always equal! These people talk so much rubbish.

[@joog730060]

The voice of common sense.

[@Skjerstad1812]

What he means is..the eu is a complete mess. Europe is fine.

[@AlistairWilson1]

He says that “the eurozone is a complete disaster” not ‘Europe’ - poor form on the title writing of this video. Other then that it’s a helpful critique given by someone with valuable insight and well facilitated.

[@kayedal-haddad]

Would EFTA/EEA solve some of our current post-Brexit problems?

[@GG-ly1um]

Wow. Ty for so many facts.

[@SecondComingTwice]

I'd like to hear Mr. Boottle's honest opinion on the fact that the "Windsors" believe they have "the divine right to rule" due to their superior bloodline.

[@tomd5678]

All in or all out. Anything in between is pointless. Short term "all out" will be extremely painful. Truth is that trade is global. Being alone is really not an option. We have to align with a trading block. Our geographical position means that Europe is the only choice. Greece leaving the Euro would mean that their debts would be denominated in a strong currency and earning denominated in a weak local currency.

[@geoff3656]

You say regulations ..... That's a blanket word meaning nothing but scaremongering ..! You say The possibility that regulations may be lifted then reapplied ... Well sir the new regs would be tailored for British needs and positive to the people of uk ... Wouldn't they ...? So that's a Good Thing ..!! Thankyou. BIB supporter (Believe in Brexit)

[@johnburman966]

Europe was working well - the EU was political. "People must be ruled and Germany couldn't resist the invitation to take charge." That is the summary.

[@totokfr]

I waded through several minutes of this video waiting to hear one hard fact and not just unsupported opinions when my ears pricked up to hear that the Eurozone is " doing badly " . Just for the record I went and got the figures from countryeconomy.com . Interesting reading ...... GDP evolution since introduction of Euro in 2000 Eurozone 2000 6 484 574 M$ 2018 13 669 951 M$ PLUS 111% UK 2000 1,651,390 M.$ 2018 2,828,640 M.$ PLUS 71% Another fun fact . Had the UK joined the Euro in 2000 the pound would be worth about 1€-50 . It is currently about 1€ 10 . You would be about 30% richer just for that if the UK had joined . Rees Mogg among others is fond of saying the UK " dodged a bullet " by not joining the Euro . Doesn't seem to be true . But then Rees Mogg isn't always the most truthful .

[@5p1tf1r33]

I don’t watch videos that block public comments. Those leaning towards pro-Brexit and anti- Europhile comments are excluded from allowing public comment.

[@LawrenceBishton]

Eu dvla wales do i need a new licence for gb or uk as the dvla wales is in the eu so??

[@rochrich1223]

If exchange rates can't move, people will have to.

[@doodleknowledge]

Smart way to invest it to pick dividend stock

[@madeinengland1212]

Martin Armstrong agrees and he really knows.

[@AB-cn6iu]

He has the one of the most polarising opinions on this matter so you would think msm would want to grill him on this?

[@Kitiwake]

Lol. Or is it Britain if a complete disaster?

[@MisterstereoOso]

Interesting that Yanis Varoufakis is an anti Brexiteer so would presumably want Greece to remain also.

[@ponytails53]

just to let you know ! we , the punters , are mainly interested in the two parts that you the media are not too happy about discussing : immigration ie closed borders ? soveriegnty , taking rulings from unelected beaurocrats , aargh ?! the peope are now on the move , they've learnt a hard bitter lesson ! how many of these so called honourable members/traitors will survive ?? amazing isn't it , a bunch of crooks calling themselves honourable ( KEITH VASE Aaaargh ) never underestimate the power of desire !! Its to serious not to take it seriously . YOU the peeps are responsible . no hiding place !!

[@ponytails53]

oops the power of denial not desire tho come to think of it ???

[@paullocubin4865]

This is why this man is anty Europe read below. 2014, Bootle sold a stake in Capital Economics to part of Lloyds Banking Group; the transaction valued his company at £70 million.[8] Two years later, he changed to being part-time chairman.[8] Phoenix Equity Partners purchased a majority stake in the consultancy from Bootle in 2018; this valued the business at £95 million.[6]Bootle retained his role and a reduced financial interest in Capital Economics

[@BrianFrenchinternet-marketing]

Geez, her lav mic is not working... just the terrible mic on camera

[@allanb52]

I think that you are talking to a theorist here and you should speaking to real businessmen, with regards to UK prosperity, we will do a lot better with our own regulations. But Roger is right about the EU being responsible for the demise of countries like Greece.

[@samhartford8677]

The UK economy has grown 19% in GDP per capita terms between 2016-2023, the Eurozone by 27%. 😂 (Source World Bank)

[@MrPrivatewiggles]

leaving the gold standard was a mistake

[@TheVaughan5]

Over regulation and the Eurozone are the real problems with the E.U. and will in all probability be its ultimate downfall. I voted remain in the vain hope that the E.U. could reform itself into a more democratic institution but I now think that was wishful thinking at best.

[@kevinbyrne4538]

The EU is unworkable in its present incarnation -- both politically and economically. The euro makes Germany rich and keeps southern Europe in a permanent state of recession. At present (autumn 2019), even Germany has slid into recession. (The situation is so bad in Germany that Germany has resorted to the extremity of negative interest rates, which has generated resentment among the Germans.) I don't know how the machinery of subsidies (which buys everyone's submission to the EU) will be able to work when the source of the money for subsidies is in recession. Meanwhile, the EU generates torrents of protectionist regulations, which protect low-productivity businesses that can't compete in the world market. Politically, the EU has undermined national sovereignty, which Britons particularly resent. The EU's bright idea of open border immigration has been a catastrophe. It has spawned dissenting parties in Germany, Austria, Sweden, the UK, France, Italy, ... Despite this fiasco, the bunglers in Brussels want member states to surrender even more sovereignty to the anonymous, corrupt bureaucrats in Brussels. Their brazenness is dazzling. They speak of a pan-European military that could challenge Russia, China, or the US, and yet they can't even pay their dues to NATO. They speak of a great European empire. These people are dangerously deluded.

[@cammophatz1357]

A discarding of national values for people to rally round makes citizens self serving, listless and directionless. And thereby angry.

[@artureff3046]

the most important issue: look long term.....there is no choice or the UK will turn German like marxist state….wish u luck

[@waltermcphee3787]

De regulate workers pay and conditions, health and safety, environmetal laws, financial restrictions and etc. And we will rise like an economic phoenix, at least the rich top 10% will anyway.

[@pauldusa]

Now is 11 1 2019. Wow you were totally wrong. Worldwide is going down the tube's.

[@HRPFayetteville]

Facts dont care about ur feelings and numbers dont lie

[@martinjones1930]

I think the reson it's dragged on so long because it was to close 52-48 it's way to close if it had been 60-40 leave leave would have had a lot more clout