Politics UK
£222 Billion: The Cost of Brexit So Far? – Brexit Explained
In the last few weeks, there have been a number of articles and posts claiming that Brexit has cost the UK more since the referendum than all of the membership fees it’s ever paid the EU. As much as that might be an appealing argument to some, it’s not actually all that accurate. So in this video, we look at the analysis which led to the articles and decide if the reports are true?
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@davidmcintyre8145
January 2, 2024 at 11:35 pm
It may be that Brexiters will take notice once the fact that brexit has cost the UK more in the last 6 years than the Napoleonic wars,WWI and WWII combined becomes better known
@johnrandall466
January 2, 2024 at 11:35 pm
I can see no interest in this comparison. Any analysis should be based on the comparison between what happened after Brexit and the projected effect of staying in the EU. The cost of payments to the EU prior to Brexit should be compared to the advantages that accrued to the UK from membership.
@hugos6444
January 2, 2024 at 11:35 pm
I do not see how relatively seamless economic and social integration is a bad thing. Today from the video "UK shows US how to dump a lying…..", makes me wonder how much influence the lies of Boris Johnson had on Great Britain's masses.
@robbyduffy1
January 2, 2024 at 11:35 pm
There’s cost. And then there’s ‘cost’. UK will hurt for decades before turning a ‘profit’ from this ‘investment’… if ever.
@earthman6700
January 2, 2024 at 11:35 pm
Just the start. The Tory boi's pulled the plug. They'll see less Revenue from EU workers Income Tax, Less from VAT, less from Businesses. All in the brexit plan that was scribbled on the back of an out of date Lottery ticket.
@misswarda78
January 2, 2024 at 11:35 pm
Whatever the financial cost,,, that shall remain to be seen,,, the political and social cost has been tragic. Wasting time talking about NI, (resolved almost 30years ago) trying to re-establish trading systems that have long been irrelevant as members of the customs union/single market. Re-awakening nationalism and divisions.
All time wasting when we should be focusing on the environment, health social development. Bloody tragic.
@rockerjim8045
January 2, 2024 at 11:35 pm
If we have spent 200Bish in the last 4.5 years setting up Brexit. That would be 15ish years membership. That's a hell of a large deposit for a project with an unknown future.
@williampatrickfagan7590
January 2, 2024 at 11:35 pm
What is not alluded to is the intangible benefits of cooperation that takes place within the Union.
For example, the E U CE certification saves the U K a fortune from the necessity of setting up and maintaining a standards agency to certify eberying from new British made washing machines, toys, electrical items . The list is endless. The U K left the E U and left behind them thousands of arrangments for cost saving, for example, the right to fly from Leeds to Lisbon, and then to Paris. Next year it must return to Leeds from Lisbon.
The Europol database will be locked to British police forces,accessed over 100 million times a year.
The U K seem to know the price of everything and the value of nothing.
@playthegame7445
January 2, 2024 at 11:35 pm
Why do people always say that will be only a short therm economic hit when nobody has come up with a plan for after brexit, MPs cant even make a plan for the borders for customs.
I can say aswel that by next week I'll be a billionaire with no plan on how to do it, but that doesn't mean that I'll actually become a billionaire
@GahMehGrrrr
January 2, 2024 at 11:35 pm
Bargain. 222 billion for unicorns. You can't put a price on miracles. The unicorns are in the post. 😉
@barrywebber100
January 2, 2024 at 11:35 pm
The economic and social downside of Brexit is a complete deal breaker.
The result will harm the UK for years to come.
@MK-xc9to
January 2, 2024 at 11:35 pm
The EU Trade has grown since the 2016 Referendum , the UK Trade has gone down , even if the cost of Brexit dont reach 222 Billion its worth of 40 years of membership instead of 47 .
But thats not the full truth , the real Brexit Bill arrive at the end of 2021 , after one year ( no Deal ? ) Brexit … , the UK stll has not prepared for a NO Deal = they must build addtional checkpoints , must hire people for the Customs , must train them … , and dont forget the Services .. , without a Deal = No access to the EU … . Everyone who said , Brexit will be cheaper than Membership is a Big Fat Liar …
@keithgnield
January 2, 2024 at 11:35 pm
Cost of Brexit, £222 billion. Cost of WWI (expressed in 2020 terms), £187 billion. I find that utterly staggering. WWI was cheaper than Brexit. So the four years of war was cheaper than Brexit. Are we stark raving bonkers?
@carlosenriquez2092
January 2, 2024 at 11:35 pm
Good presentation but the figure that covers the UKs membership cost is pretty much useless, unless you can get a good estimation of what the UKs economy would be had it never elected to join the EU to begin with. It is also important to emphasize the lackluster condition of the UKs economy prior to entry theres a reason the UK pleaded with De Gaulle repeatedly for entry.
@mike-ology2222
January 2, 2024 at 11:35 pm
Here I have a list of videos which I have compiled over the last 16 years that confirm the truth in my investigation into the system. These explain everything in its entirety and will teach you all you need to know. The system is rigged and this explains how.
Save to watch later.
Four horsemen by renegade Inc
Mike Maloney hidden secrets of money
RSA animate changing education paradigm
Light bulb conspiracy/planned obsolescence
Britain's real monarch
Britain on the brink
John Harris it's an illusion 2
The corporation
Inside job
The gap between rich and poor, the divide
Face to Face with Dean Clifford
Thrive
Loose change 9/11
Zeitgeist Addendum
Zeitgeist Moving forward
7/7 ripple effect
@greyvoice7949
January 2, 2024 at 11:35 pm
Snowflake economics… To put a price on freedom? Got to laugh… I have never had an answer from these people on the question of 'what price would they put on freedom?' Seems UK is for sale by them to the highest bidder!
@ruggedstudios5895
January 2, 2024 at 11:35 pm
Get over it
@coldassassin6615
January 2, 2024 at 11:35 pm
I don't think there's anything to be said right now. Time will tell if it was a good or bad decision
@stewardcrow7747
January 2, 2024 at 11:35 pm
Shameful, millions in the UK now relying on food banks, homeless people dying on the streets, NHS in Crisis & benefits for the Unemployed & disabled being slashed.
But yet we voted Brexit, It's like the people of England could not give a shit about there things.
@davidyoung2183
January 2, 2024 at 11:35 pm
Independence is worth every penny.
@martinhambleton5076
January 2, 2024 at 11:35 pm
Take losses from gains. Hay presto, you have an answer.
Truth is, No one really knows. Graphs, trends etc means someone else's guesswork. If anyone did know the factual bottom line, I very much doubt it would make good business sense or reading. But I doubt if we will ever know the exact truth.
@justinthyme184
January 2, 2024 at 11:35 pm
UK's EU referendum was a TORY move to cling on to power. Nothing else really (taking into concideration all the wealthy interests represented in that party). They all knew BREXIT will make the UK vulnerable as hell and that the people who will end up paying for it the most are the very same people who voted for Brexit to happen for whatever reason. I think that Brexit is 1 step forwards and 50 steps backward. If nothing else grand comes out of this mess, then lets hope for Ireland and Scotland to at last gain their complete territorial souvereignity from the well overdue English rule.
@Anonymous-411
January 2, 2024 at 11:35 pm
Money wasted because of Remoaners delaying and throwing obstacles in front inspite of the Democratic Vote. You're the one to blame.
@aawebtn
January 2, 2024 at 11:35 pm
You must cut what the UK have received from the UE in terms of subsidies, aides and programs in different areas and the use by the UK of the UE organisms, services and other commodities as a member state.
@michaelrowsell1160
January 2, 2024 at 11:35 pm
How about the extra 20,000 civil servants, The money spent on Brexit preparations. So what happened to the Sunny Uplands .
@BB-hx4mj
January 2, 2024 at 11:35 pm
While it is true that Brexit isn’t the only reason it’s most likely main reason why it has happened and you also failed to mention about the money that UK was receiving back from European Union. Also The real costs will be seen in the next few years after Brexit is finalized when border checks and the tariffs will kick in making any kind of business in and with UK more expensive and less profitable. And also UK was a sovereign nation and the whole argument is giant bullshit
@danielpalacios9626
January 2, 2024 at 11:35 pm
No shit, a few billion here, a few billion there, not much difference.
UK economy is going to the ground and all thanks to Brexit
PS. I'm not an economist, but neither blind to see the trends since 2016.
@LyricalLacerations
January 2, 2024 at 11:35 pm
The problem with any analysis of brexit and trade deals. Is that neither has happened yet.
@CatManUtdFC
January 2, 2024 at 11:35 pm
If you're using real costs (which I believe factors in inflation) and the people posting comparisons aren't factoring in inflation then that could easily explain the differing answers.
@rgsnr8702
January 2, 2024 at 11:35 pm
222 billion is all remoaner spin ,the price of freedom is priceless, the 13 billion we pay in each year will be saved by us
@HMCarReviews
January 2, 2024 at 11:35 pm
How has the other countries in the EU grown compared to the forecasts pre June 2016?
Surely that would be a better indicator of how the UK is doing compared with projected.
@ZikovanDijk
January 2, 2024 at 11:35 pm
Thanks for the nice video. Indeed, if one would try to really evaluate financial pros and cons, related to membership and Brexit, it would be a difficult game.
@Jamie_Johnson
January 2, 2024 at 11:35 pm
How much have the people who refused to accept the result of a democratic vote and caused huge delays cost us?