Introduction to the New Economic Landscape Post-Brexit

When the United Kingdom (UK) left the European Union (EU) on January 1, 2021, it brought about significant changes in the job market, immigration policies, and the economy. This article explores who stands to gain tangible monetary benefits from these changes, with a focus on the economic implications for Commonwealth countries and the financial sector.

Economic Shifts for Commonwealth Countries

Following the Brexit, it has become easier for nationals from third-world Commonwealth countries to migrate to and settle in the UK. Migrants from India, Pakistan, and Nigeria have been particularly prominent in filling job vacancies. These individuals are more likely to bring their families and settle permanently, thereby contributing to increased net migration. According to the Home Office, the UK experienced a net migration figure of 750,000 in 2022. This trend has resulted in a forecasted population growth for the UK, which is predicted to overtake Germany in 2060. This growth is primarily due to the declining number of EU immigrants, as the UK no longer follows the same migration policies that were previously in place.

The Impact on UK's Trade Relations

The UK has lost access to a vast network of trade agreements that were previously enjoyed as an EU member state. Exporters now have to pay for customs and excise duties when trading with the EU. This shift has led to an increase in costs for UK businesses and a decrease in competitive advantages. However, the UK has negotiated new trade deals with several non-EU countries, which could potentially offset some of the losses.

Political and Financial Influences Post-Brexit

The political and financial landscape in the UK has seen significant changes, with key figures on both sides of the Brexit debate experiencing varying degrees of success. Rees-Mogg and his tax-avoiding ERG (European Research Group) allies have emerged as winners following the Brexit. These figures, who have been critical of EU membership, have capitalized on the new economic opportunities. However, this is in stark contrast to the broader population, who have faced increased challenges in various aspects of their lives.

Those in the financial sector have also been impacted. The largest financial institutions and wealthy corporations have fought to get Brexit cancelled, as they are desperate to maintain UK's EU control. These entities are willing to spend substantial amounts of money to prevent the UK from leaving the EU. The concept of "Follow the Money" is pivotal in understanding why this is the case. Financial institutions are gambling on an outcome that they hope will benefit their bottom line. Despite this, the majority of financial power and control still lies with entities committed to derailing Brexit.

Critique of Economic Policies and the Role of Political Lobbyists

Our analysis suggests that the EU operates to benefit the rich, the wealthy, and greedy corporations. This is evident in policies such as free trade, a single currency, and the free movement of labor, all of which promote the interests of these groups. Prominent ex-politicians often hold high-paying director positions in these corporations, and there is speculation that these positions could be bribes for services rendered. For instance, Tony Blair believed he would be appointed EU President in exchange for his support, but instead held a series of unremovable, high-paying directorships.

The structure of the EU, with its near-anonymity, makes it difficult to hold politicians accountable. This enables outside rich influence to easily control the political landscape. Socialist thinkers may not desire immediate economic gains for individuals, but they recognize the need to ensure that workers are better paid and that small businesses can thrive. The rich and greedy often benefit by taking money from the labor of others. A corporation earning ￡1 billion deprives 1,000 small business owners of their potential earnings.

Conclusion

While the UK's departure from the EU has created a more crowded and dynamic labor market, the true winners are often the wealthy and powerful. Understanding who gains economically from the new economic landscape is crucial for policymakers and the general public alike. As the UK continues to navigate its place in the world, it is important to remain vigilant and ensure that policies benefit all citizens, not just the few.

Keywords: Brexit, economic benefit, migration policy