EPISODE · Nov 12, 2018 · 32 MIN
Brexit and regulatory alignment
from CambridgeJBS · host CambridgeJBS
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.
What this episode covers
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.
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Brexit and regulatory alignment
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