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Abu Dhabi, UAEMonday 18 June 2018

Business Extra podcast: The pros and cons of Brexit

In just over a year the UK will leave the European Union but what might that mean for British commerce, industry and the economy?

Anti-Brexit demonstrators wave EU and Union flags outside the Houses of Parliament in London, Britain, January 30, 2018. REUTERS/Toby Melville
Anti-Brexit demonstrators wave EU and Union flags outside the Houses of Parliament in London, Britain, January 30, 2018. REUTERS/Toby Melville

Britain’s withdrawal from the European Union is set for March 2019 and businesses in Britain and Europe are bracing themselves. After a year and a half of shadow boxing, it is crunch time for the UK government to decide what kind of future it wants outside the EU, its home for the past 45 years.

Liam Fox, a leading Brexiteer who serves as International Trade Secretary, has injected a dose of reality into the debate, telling MPs they will have to “live with disappointment”. The disappointment he was referring to is the proposed “transition period” up to the end of 2020 during which Britain will continue to follow all EU rules, but have no vote on them.

In this edition of The National Business Extra podcast host Chris Nelson is joined by The National’s London Bureau chief Damien McElroy, a pro-Brexiteer, and Noor Nanji, Business reporter at The National’s London office, who takes a different view, to weigh up the pros and cons of the biggest divorce in modern history

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Read more:

Theresa May spoils for fight with EU over citizens’ rights

Britain's messy divorce from Europe inches closer to reality

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