Brexit

Yeah.

You go full Brexit football on this one.

Like, you just-

Full Brexit

... you, you just pack your defense and you play direct.

You turn them as quick as you can.

Like, maybe they'll give us something better.

But this is what I've been trying to say for ages, and Mark Carney should know this better than anyone, 'cause he was Bank of Canada governor during the, the Brexit malarkey.

The European Union is not particularly generous with countries outside of the European Union.

You know? They are ultimately a, a trading block.

But the French have said that before because they've always been obstreperous when it came to NATO, not quite liking it.

The British said when they did Brexit, "Well, I'm not really there." And the Poles are looking at the Germans, and they're looking at the Russians on both sides and saying, "My goodness, is this happening again?" As well as the Russians saying, "Ukraine was part of Holy Mother Russia.

We want it back, not just the communist part, but, you know, th- this whole thing." In, in a certain way is a move backward to the past, with the past being actually more real in Europe than the past 80 years was.

This was kind of sleepwalking, so now we see Europe coming back.

It's interesting because we've heard for years how undervalued UK equities supposedly are.

And that was always sort of linked to Brexit, I guess, initially.

Now we're saying it's a tax problem.

It's hard to imagine the government will willingly give up a tax, especially one that some people in the government might see is paid by city fat cats

They own the place.

We could go all the way back to something like the Windrush or we could go back to something like Brexit, which was, of course, a protest vote against immigration, because one of the reasons that the UK is accepting so many migrants, the same reason France and Germany are accepting so many migrants, is because the EU requires them.

to accept so many migrants.

They are legally bound to participate in the EU Human Rights Convention that says that they have to accept people who are claiming asylum.

It would be almost too much to have to go through piece by piece and explain the absurd lies that have gotten Europe to this point.

But the fact is, every time, more or less every time it's been put to a vote, the people of Europe vote for less immigration.

And that, of course, is true in the UK, with Brexit being this protest vote that nobody thought would happen, but that succeeded against all odds.

Since then, absolutely nothing has changed.

How do you believe? Did people vote for the digital ID? Did people vote for the online safety bill? No, you don't believe in democracy.

You don't believe in Brexit.

I would say the guy who believes in free speech is probably far more, far more, far more believes in democracy than people like him who don't believe in free speech.

He wants to lock people away for saying the wrong thing, for being politically incorrect.

Then you get the explosion of populist politics in Europe, starting with Victor Orban running right through the 2010s.

You get Brexit and Trump along the way.

Not too long after all that, so you get ISIS emerge.

Not too long after all that, you get the global pandemic with everything that came with that.

Whereas if you have a five or a 10 year or a longer vision, it becomes easier to build long-term steps.

And then when shocks like Brexit or war, cost inflation happen, you can adapt with a long-term view, not a reactionary one.

So for me, some excellent messages from Inga in terms of the thinking back then, stay as they were, remain that Nordic fortress or change and future-proof the business.

And I think many of the messages and much of the thinking can be brought right into action in today's world.