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RICHARD CORBETT CBE | Brexit Reset | Former Leader of the European Parliamentary Labour Party
Manage episode 483950852 series 3621611
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Join host Justin Hayden-Miller, a global trade lawyer, as he interviews Richard Corbett, former Leader of the European Parliamentary Labour Party and CBE recipient, on Brexit and the recent UK-EU Reset Summit. Recorded post-summit on 21 May 2025, Corbett shares his insights on the Brexit , its economic fallout, its trade and business impacts as well as the summit's outcomes. Key discussions include:
- Brexit’s Economic & Trade Impacts: Corbett reflects on the 2016 referendum, the flawed Remain campaign, and Brexit’s economic toll, with a 4-5% GDP loss and £40 billion in annual lost tax revenue, as per the OBR.
- UK-EU Reset Summit: The summit addressed trade barriers, security cooperation, and agriculture, but Corbett notes it’s a modest step, not fully resolving customs union and single market challenges.
- Trade Challenges: From red tape to rules of origin, businesses face ongoing hurdles, with limited summit relief for most sectors.
- Security & Geopolitics: Post-Brexit, the Russian invasion of Ukraine and US policy shifts under Trump highlight the need for UK-EU collaboration.
- Future Relations: Corbett sees the summit as a mindset shift, paving the way for deeper UK-EU ties, potentially rejoining the EU by 2033.
Corbett also discusses Margaret Thatcher’s European stance, the summit’s “reset” terminology, and possible future Labour representation in the European Parliament. A must-listen for insights into UK-EU relations and global trade dynamics.
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Luvut
1. Introduction to Richard Corbett (00:00:00)
2. Brexit Referendum Reflections (00:02:13)
3. UK-EU Reset Summit Explained (00:04:30)
4. Trading Barriers / Red Tape / Summit implications (00:06:00)
5. Thatcher's European Vision (00:19:34)
6. UK-EU Relations and Future Outlook (00:22:16)
7. Closing Thoughts (00:27:45)
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