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cuuupid | 3 months ago
The main negative impact seems to be trade but the UK already has free trade agreements post-Brexit with the EU. Most of the remaining differences in hurdles are paperwork, which seems like an opportunity for automation that should be almost trivial with AI. The US has successfully automated most compliance based hurdles in the last couple years from finance to law to contracting.
Looking at the positive impacts and lack of growth from those… also skill issue?
Not having to follow regulations from the EU is also a huge boon yet the UK seems to have taken no advantage of this. Which to me is especially concerning because for years we have been hearing that Europe is lagging behind in development because of over-regulation in fields like AI, yet when freed of those shackles the UK seems to be lagging just the same.
The other positive impact heavily touted was reduced net immigration. This >could< have had a short term positive impact (heavily debatable long term cutting off access to talent pools) yet they have almost 3x’ed the reduction in immigration from the EU with an increase in immigration from other sources. The effects of this are pretty palpable as the UK now has its own flavor of nationalist movement, has not seen wage increases in advanced sectors due to supply forces in their labor market, and universities are relying on overseas students to increase tuition revenue - training a labor force that will largely churn.
The last one I’ll hit is not having to follow EU laws. After Brexit, instead of taking advantage of legislative sovereignty, the UK temporarily codified all EU law to avoid disruption. Parliament has had ~5 years to review the laws but from what I can tell has made almost no progress (~10%) and extended the expiration because… they haven’t had time to read the other laws.
So overall while I’m no type of economic analyst it would seem the problems of Brexit are not actually Brexit, but almost all competency issues. If there’s British tech talent in this thread there’s probably a billion pound opportunity in just easily automating trade paperwork or helping UKG review the remaining EU laws.
pjc50|3 months ago
The idea of growth through liberalization should have been subject to the question "which rules, exactly" before getting to the point of the referendum.
cuuupid|3 months ago
Sure it would have been better to do it before the referendum but it seems everyone on that side of the pond has been wallowing in grief for the better part of a decade which should have been more than enough time to remedy the issues. Moving _slower_ than regulation is… certainly a choice.
IAmBroom|3 months ago