Brexit and regulatory alignment

In this audio podcast Professor Simon Deakin of the Centre for Business Research at the University of Cambridge explains that Britain’s low-wage, low productivity economy is the result of 40 years of neoliberal economic policies. While some on the Left think that Brexit will allow a reset of British economic policy, Deakin explains why this view is implausible. Even a benign or ‘soft’ Brexit will cause a shock to Britain’s trading relations that will have long-lasting consequences. If there is a hard, no-deal Brexit, the effect will be akin to ‘shock therapy’ of the kind inflicted by neoliberal policy makers on the former Soviet Union in the early 1990s.