this is artsy american national coming. hosted by mary kay i. thought. i would one year. by. good evening friends i met charles reporting tonight from london welcome to r.t. america special worldwide coverage of the first anniversary of brac said it was one of the most controversial moves any country has made in modern time the u.k. voted one year ago today to leave the european union after thirty years of

conservative efforts to break away the people of the u.k. made the decision in the wake of that decision political turmoil has become the norm here in london was this the right move are social and political winds changing in the u.k. tonight we take a closer look at this historic direction and go beyond what the mainstream media worldwide has ignored the real economic impact the new security challenges the trade and labor issues and the every day needs and desires of the people wrecks it brings new financial and social challenges to not only the u.k. but the entire world and that is our story tonight tonight we examine all of that joining me the same thing lindsey france host of boom bust here on our t.v. and also legendary broadcaster larry king great to have both of you with us tonight larry this has been one of the most unusual years in all of politics for the u.k.

how would you how would you summarize an award i think it's and lindsey nice to be with you i think it's symbolic of what's going on around the world the election in america election in france the recent go. shabana london the world is in an up people and it's an angry of people and people are mad and sometimes i don't know what they're mad at the poles have to berks it and from a lot of people who voted to break away from the union regretted breaking away from it there's mixed opinions now. where is going if you could predict anything in this day and age. you're a better man debate lindsey's this is symbolic of the world it is it a marker of cause i'm of what's happening worldwide well i think so in the time i spent talking to business leaders and since i've been in london i've spent a lot of time on the ground talking to friends here but also a lot of people on the streets to go along with what larry is saying it's a microcosm of what people are feeling they're angry and one thing that's very

interesting to me is you get a lot of numbers thrown around statistics from both sides it confuses people and it causes people to sometimes vote without clarity on both sides of the issue it's been very interesting to talk to people here about that and the u.k. is not alone so i would ask like what was the number one reason people voted to leave well it was a thirty year effort by the conservatives to break away from the european union from the day this happened because well independents sovereignty but i believe that what is unfolded in the middle east the refugee issue the immigration issue that has put pressure on all of the european countries i believe that. the brits had had enough the brits thought that you know maybe it's time for us to economically step away do our own trade deals protect our workers protect our markets and become a stronger more sovereign country and i think that was really really the the crux

of it the world issues at hand supported what the conservatives had been saying for so many years in a row as to this be isolationist of this world today i think and you go it alone but i think that that saying you know we want to work for ourselves is is is is too glib to say that isolationist necessarily they're not wanting to say that they don't want to enter into into a they want to say they don't want to be controlled as part of a super state i think that's how people feel that the u.s. those who voted for profit leader of the other countries stay with. i can't speak for them but i think that the people in the u.k. have made certain that a solid agreement that they don't consider it isolationist they consider it more independent it is brought political uncertainty to this country no doubt and the latest polling numbers show a shift in the political winds here in the u.k. . for prime minister theresa may now trails jeremy corben for the first time in the polls thirty percent of the people are not sure who they want the next prime

minister to be or should be and of course the people are also split on the decision to even leave the european union forty five percent now believe that there was it was not the right decision eleven percent of the people are undecided meanwhile the negotiations are getting started and today i spoke with richard tice co-founder of leave means leave he claims the brics a future is bright and the political discontent will subside richard did you anticipate the political turmoil and uneasiness a year ago today that what we have in the u.k. today where you are today was was very exhausting it was the is our independence day it was fantastic to celebrate it i was very confident we would win i was who would win by a few more points. but no election politics is always on. and you know some good things have been done some mistakes have been made the prime minister was actually right to cool the general election but because she was being messed around frankly

by parliamentarians that didn't want briggs's but she had the power she didn't have to do it but they were messy around him who were going to mess around as they went through the legislative buildings over the next twelve to eighteen months the mistake was she just ran a really bad campaign because she could so easily have ended up with a really good working majority but we all where we are so how are the conservatives and the latest polling shows that most of the folks in the u.k. believe the conservatives can handle the brakes of negotiations. better than anyone else but doesn't it weaken the hand in negotiations if we don't have a strong prime minister and what's the future look like. business people when you really go you must be prepared to walk away no deal is always better than a bad deal what's not acceptable is when the chancellor of the exchequer in the u.k. a conservative last sunday philip hammond he said but no deal would be the worst

possible outcome david cameron tried that eighteen months ago when he tried to negotiate with the european union and they knew he wasn't prepared to walk away so surprise surprise he ended up with a really bad deal it's crucial you either you set a short time frame and you say if we can't agree within the short timeframe we'll walk away as friends and we'll go to rules like you have in the us like you have in australia or in canada or in china that's absolutely fine as a base case talking about the deal. you see david davis ok a lot of people talk about he could be the next prime minister he says that the u.k. has the upper hand in the go she ation in dealing with germany when it comes to cars or their access to the financial markets of london you agree with that look it's obvious the the e.u. twenty seven countries one hundred billion more to us every year than we sell to them so if we reverted to tariffs we're going to a lot more terrorists and they're going to sell less so he's not in their interest and actually the eurozone has got huge financial problems as well and the e.u.

is short of money remember we're one of only two big contributors to be on a net basis so they're going to be massively short of money they need our money there's a deal to be done but you've either got to do it quickly or greece passed for well what do you what do you make of the conversation at brussels one of a suggested. three million e.u. folks can stay in the u.k. you know a million brits can stay over in the over the european union. i

don't think very short i mean everybody knows where we are we knows it's close we know that he is a great campaigner but you know the people have to work wake up and realize they want to communist running the united kingdom and the fifth largest economy in the world you know one of the greatest most open trading nations one of the biggest recipients of foreign direct investment from countries like the u.s. so they really want a communist a guy who just last week said that he wants to repossess properties from wealthy people you know is that really what people want i doubt that are you concerned about the legal aspect of the most recent information is that. that attorneys are saying there could be lawsuits up to billions of dollars if multinationals can't make the kind of profit they've been able to make in the u.k.

in the past what about that no not at all i think that frankly motor nationals need to seriously consider actually their position if they start suing governments over potential lost profits that's not going to in the many favors in a country like ours now where actually people are really concerned about big business concerns but thanks to calls to be easing the rich have got richer and the poor stay poor if they try that than they you know they will lose even more more standing than the current loss to characterization in the media here in the u.k. is that theresa may as she's a walking dead prime minister think she just has no future she's not the future in fact i had one political activist person saying she's not the future you agree with that. everybody has a time line she's you know she will be held to account for what was a very bad campaign who knows what time are so nice to you whether that's whether that's months or whether that's years yet you know the reality is what is much more

important is that david davis has the government and westminster behind him to negotiate either a good do all nodes but to do it quickly because that's you know speed is so critical in this part. and finally the last poll shows that the public is pretty much split on whether this was a good idea or not. that's not the polls that i'm saying you know that the polls that i've seen show that actually many people who voted remain accept the most and say right can we now please get on with it let's remember over eighty percent of the u.k. lecture in this general election voted for the two main policies both of whom said we're going to break says we're going to stop free movement of people and we want to negotiate or and trade deals with great countries like the united states so let's get on with it people actually can we put get it move on to important domestic issues like health and education richard thank you. richard tice of leave means leave

a very confident conservative voice here in the u.k. but the question surrounds the political. power of theresa may right now she is quote political damaged goods after the snap election and i keep hearing the name david davis he's a chief negotiator for breakfast many people think he's going to be the next prime minister how can you negotiate a good trade deal or do good agreements with other countries if you don't have a strong prime minister who is politically shaky larry your thoughts before he coke or put on a communist he did. thanks that's the easy stuff larry let me they'd say there has been so much barbed throw and go and go on here in the u.k. i mean insults the word juvenile is now being printed in some of the newspapers here i mean this is this is really a nasty fight in many regards in the political winds are shifting and that a good portion of the folks here think that you know maybe this wasn't the right

thing to do and this prime minister what's your feeling my feeling is that to be honest cerise the may play the iron lady car and she overplayed her hand and people i'm talking to are saying what in the world was she thinking what in the world where she was she thinking to go ahead and do it who told her to do the snap elections because it failed so miserably that's that's what i'm hearing well it and she still comes away with the you know the most support in the parliament but it is it is damaged party well that was one of the things but this was a big step forward for labor and this was a resurgence of almost a political rebirth for germany corben in these political winds i keep talking about the question is where is this going to be a year from now right and. just a year on from this i was very interesting to spend some time. with the people on the streets here in the middle of the hottest day in london in forty one years

people were out in force they were talking about what matters to the people in the u.k. the numbers that are thrown around by europhiles euro skep. six statistics on jobs investment trade safety things people really care about when they're at their kitchen table can they trust all these numbers are the number is real i spend some time with these people to get the lowdown of how they really feel about these matters a matter of the political persuasion they have as we enter into these divorce talks take a look. contradictions contradictions numbers don't lie unless they're incorrect or just veg and when statistics and polls contradict one another in emotionally heated arenas like the breakfast debate in the u.k. it can wreak havoc on the people and their ability to make a clear decision let's talk about jobs one common statistic typically cited by many you're a file politicians is that some three million u.k. jobs could be at stake if it goes through now this is usually directly countered by

big business. so what do the people actually believe actually i think i believe that and i can see myself from a not to take here in an american. studio so what what why would they stay here if you're going to pay for us in there not to know what a tightly roll my eyes i think i think numbers can be used to support any which all given you all and i think what we're in real need of actually is a real independent facts checking body that people can rely on to determine whether or not politicians are telling the truth something that we really help funded by. an independent organization definitely one of the political policies one side assert that the average middle income household in the u.k. will be out thousands of pounds upon the u.k. leaving the european union but what many people aren't aware of is the time span involved is it one year five years ten years many voters just aren't told

case in point the center for economic performance says bracks it will cost the u.k. equal and between forty two hundred pounds and sixty four hundred pounds per household only to them making them up say they. would be more it might take i think it feeds into the fair it definitely feeds into the media to create that people need to know where these homes come from the attacks here on westminster bridge just weeks ago distill perfectly what many breck's that voters saw as ed item at the top of their agenda for bracks it it's porous borders immigration safety who controls it is it the u.k. is it the european union and you can bet when attacks like this happen politicians on both sides use numbers and emotions to drive home the point but whose numbers are actually correct and who is convincing the voters in states way of living

social media and everything else you know people following figures that. they just pick up and i haven't looked into biking over it they're looking at he saying it robin what i see being sad as in any recovery the first step is acknowledging you have a problem figuring out a plan to fix it is another story entirely but there could be a clue in these big numbers we've seen follow the money. in london de france. interesting point that you're making there about follow the money because theresa may cut. multiple numbers of law enforcement people then they have these wave of terrorist attacks that are going on there's new security concerns here in london i mean this isn't the london you used to visit but it's something down for me how will people lose money on the books of the this twelve hundred pounds to four thousand four hundred i can tell you that's the thing there's a million ways they may and there's

a million ways they may not it's the ames terrible measurements that are thrown out there when they're preaching from the pulpit when they're in parliament but are there at these talks like a home to scheme they talk to the people and they say i have these numbers these numbers these numbers each side doesn't a people go well ok and i want my ballot where are they getting the not how can you measure something this big with a couple of statistics and and they just have that work how does anyone really know but people want to feel secure leagues is that what has affected this political you know momentum that seems to be shifting here theresa may came out and said enough is enough that was her answer was enough for people and they've done some security did things on the bridge but there really there is a ridge there's some little you know there is a leave wave of security that's here in london and the question is you know if you want sovereignty and security is that going to affect the negotiations when it comes to brics that she goes and visits with the twenty seven leaders of nato at

brussels picks that for him to say oh by the way we're going to do a trade off of who. stay here and who can't and then she gets criticized for using the wrong forum to bring that up so my late friend the great lawyer edward bennett williams one of the giants of the legal profession was a dear friend and i asked him once are you a pessimist or an optimist and after listening to this so far twenty minutes from now he said i'm a pessimist of course i'm a pessimist i'm smart it seems to me that the out well is bleak all right lindsay france larry king i'm ed schultz coming up on our r.t. of america special brix its first anniversary special the cost of brecht's it and its impact not only in the u.k. but around the globe that story right after this quick break stay with us.

all the feeling to. every the world experience. and you'll get it on the old the old. the old according to just. let the world come on. in case you're new to the game this is how an. economy is built around corporate. from washington to washington the media the media. and voters elected to run this country business people. who must it's not business as usual it's business like it's never been done before.

i i. i i i i. after the u.k. voted to leave the e.u. one of the first questions asked was how much will this cost well. that activists say that it will make the u.k. economy more competitive and richer without the financial restraints from the e.u. bureaucrats a lot of people say yes a lot of people say no but bracks it opponents argue that leaving the bloc will kill job creation and trade ultimately squeezing the average u.k. consumer. so there is no official figure out there but the past year has given us plenty of insight into how much the u.k. might have to pay for she has more on that for us from washington when trying to

find out how much the bracks it will cost it depends on who you ask and won't know until after it's over but there's one economic factor that's a fundamental part in understanding what has happened and what could happen but one difference pretty key to me between the u.k. leaving for example spain or italy or others leaving the e.u. bloc is that you know the u.k. always kept their own currency they always said sterling always are the pound because the u.k. never fully adopted the euro they have some flexibility when navigating an exit plan it's even created buying opportunities for both individual investors and companies and particularly foreign buyers but that doesn't mean the u.k. is currency is thriving by any means in fact they are surrounding brics implications for the british pound to hit a thirty one year low those fears resulted from the so-called divorce bill that the e.u. is requesting the u.k. pays before leaving officials won't put

a number on it but estimates are in the one hundred billion euro range the response about from the u.k. has been mixed but not a single member of parliament has implied they'll be paying anywhere near that amount and for good reason the u.k. economy can afford to suffer a loss of that size the markets have survived but tepid growth is expected due to the jump in inflation and falling consumer spending in a speech this week bank of england governor mark carney didn't mince words on the impact that a hard it would have but this is doing ability remains an open question when he was and crucially on the outcome of those books if you go she issues. most fundamentally the u.k. relies on the kindness of strangers that it would risk to trade investment financial fragmentation of all increased the most important aspect for. the u.k. while planning an exit will be trade based on the way talks are going it's unclear if the u.k. will retain access to the e.u. single market and that could spell

a lot of trouble for the british economy moving forward reporting in washington bianca seanie r.t. . spineless the word us like economist steve keen to describe the u.k.'s approach to the bracks of talks he sat down with me to explain check it out. the british have given a why on day one they've agreed to stop by talking about the cost of the divorce settlement and then talking about the arrangements after that they should have said we do it in power little i mean only work out what the costs looked at what the actual impacts are so they've been very spineless negotiators and i'm think as soon as they agreed to that the your opinion vote with got them ok so you say spineless spineless spineless leave us a light at the end of the tunnel here what do you what do you think a positive could come out of i think the positive is going to be the only one that's going to be successful if you use your i mean call up and gets involved in the negotiations as well to your spotty he has a personal record it's got more capacity to decide you know and opposing a negotiation than to raise them i the show in itself is being able to do and his

lady was still going to be here in two thousand and twenty two they need to make a cross party get together get rid of some of the political squabbles and maybe they might the other guy she had something sensible out of that isn't going to happen. in the way heckle him and in the car in across the road in westminster profitably not but if they don't the conservatives might destroy themselves. let's bring in financial economists francis coppola france is worse than a go sharing power in this in this debate right now who has the upper hand firmly with the always has been. the u.k. basically has is negotiating with a gun to its head it leaves the e.u. on march twenty ninth twenty nine hundred whether it's got a deal or not. it's up against time pressure it is the weaker parts and negotiations which remember it's u.k. this initiated this you know the u.k.

early you know has to done to do is sit tight and wait for the u.k. to shoot itself in the foot or our economy was good predictors i did a conference in norway this week and we had two mobile economists and both said that they're very good at analyzing why something is the way it is but they're not good at telling you about what's going to happen tomorrow not suddenly true and i'm not attempting to predict what the economic outcome will be when you were talking earlier about. the possible cost of this sort of i'm not attempting to predict that i think it's extremely dangerous to try and project that far into the into the future say oh my goodness it's going to be terrible or oh my goodness it's going to be marvelous the reality is probably muddle but you know it's hard to predict but i think in terms of looking at where the power balance law is i'm not looking ahead i'm looking at where we are now and saying as far as i can see if you see to hold the upper hand well one thing you you and i talk about is game theory you use that

so supply and simply what's really going on here behind the doors explain that for us it's basically about saying that you can think of this this being like if you like a game of poker or something like that and you can look at the relative strength of the players positions who is it who really holds the power who is it if you like who can afford to walk away i know there's been much said about hugh kaye being in . to walk away from these negotiations but in reality you see you can afford to walk away not the u.k. what do you want real quick what do you think about chancellor philip hammond really addressing the time line here but he's been talking about twenty calls a slope a gentle slope into it which is quite nice and slow about the idea that we're going to try and avoid a disorderly exit a cliff edge a sudden change which i think creates a much more certain and a much gentler move into guess what is on top and hard to tell it you have. done it

could be the problem is it is probably going to take a long time and so he's talking about an extended timeline right that the european union will give them three years yes under their jurisdiction do you think is really addressing that kind of a timeline and what it means if they don't reach that well i think he is listening to that and saying you are holding us a half open door here which allows us to extend the time line though we have to do it according to the use rules which means an a period of time when when you case effectively still in the single market and still subject to the jurisdiction of european court of justice and required to operate according to free movement rules and all those things that parent you want to stop and i think the problem he's got is not be you i think it's the problem is with these own party were you were in favor of the u.k. leaving no i wasn't and still what if the vote came up again you were the same way or is is that fear isolation. and maybe fear is that the right word but i

talked to a lot of people that believe that if this goes south. the economic isolation could lead not to recession but depression to i mean what does the u.k. make where's the steel industry where's the iron ore everybody's got oil there's a lot of it on the world right now all the prices are very good. so if if in you after you have to think about the tough times of the downside here on the i mean if the european union economically turns against the u.k. you're not going to get a very good deal especially if you don't have a very strong prime minister and you don't have the political power so this could go self and then this could be economic isolation if it's not done properly i think big race care is actually not to manufacturing i think the big risk services.