Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.
Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.
So I suppose what you are saying is, now that the cost of food production has increased that’s made investments in these things more viable? Kind of sounds like some significant downsides for the other part of that equation. Not quite a Brexit benefit for the rest of us, just those in a specific VC funded R+D company.
I also think… those investments could have still happened in the EU tbh, could and maybe should have been government funded research anyway, considering there is at least one large vertical farm company in Germany.
Not really buying that as a benefit myself, but at least it is arguable!
No, the disruption to supply chains from covid and brexit have driven investment decisions to grow more in the UK and to use tech to replace low skill labour that wasn’t possible with FOM providing serfs to grub about in the dirt. Cheap labour is a barrier to tech. Modern slavery is a big issue in farming
The CAP was designed to deliver cheap food during conflict, it’s failed at the first real test.
The CAP takes the largest slice of the EU budget and the ‘modern’ farming it encourages have destroyed biodiversity and soil
Policy to fix this has failed miserably to the tune of our entire net contribution to the budget of 66b
https://www.arc2020.eu/cap-billions-spent-on-biodiversity-with-little-impact-auditors/
I agree, modern slavery is an issue as is paying these workers too little these are really domestic problems though which we still have thanks to the government farm worker visa scheme importing them from the RoW anyway. Germany and Finland both have FoM and they have 2 of the top vertical farm companies (one of them even has a project in Bedford apparently. So I don’t really see how they can do it in the EU, and somehow we couldn’t?
It was designed to ensure food security and nobody has gone hungry so that’s not really true is it.
Natural resources including CAP, CFP and any other rural and environmental measures so that’s not really true either is it? Also, even if you do include all that, it comes second to Growth projects (38% vs 47.01%)
Hasn;t Brexit already cost more than our total contributions over 47 years? We were close to that according to Forbes 3 years ago.
https://www.forbes.com/sites/niallmccarthy/2020/01/21/brexit-costs-close-to-matching-britains-total-eu-contributions-infographic/
So we’ve spent multiple times more than EU contributions would have been for the last few years to fix nothing, and stimulate an industry that is apparently already thriving within the EU.
Doesn’t sound like a Brexit benefit to me, it’s just loss after loss.
Infarm’s farm went bust.
No
Even by the measure that the OBR states, GDP per capita, UK was 2nd in Europe in 2016 and is still 2nd in 2022. The economic impact has been massively overstated.
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=GB-XC&start=2016
Investment may have been delayed, but that’s just delayed. There’s plenty of money looking at undervalued UK companies in deeptech and fintech
What on earth do you mean ‘No’.
What’s that got to do with what I asked you?
I’m talking about a figure that’s been spent/lost or not earned due to Brexit, and the OBR puts it at well over 200 billion now. Which is more than we ever spent on the EU in total over 47 years. Just a fact mate.
Or maybe, investment would have been even higher in the EU and we might have some of the top vert farm companies, like Germany and Finland does eh?
I really don’t think you’ve demonstrated at all that Brexit has benefitted the vertical farm industry like you said it has.
Simply, no Brexit benefits here, as per usual when you scratch the claim even slightly.
I suggest you read this if you want scratch below the surface
https://academic.oup.com/oxrep/article/38/1/112/6514751
It’s paywalled, perhaps you can quote me something relevant?
https://academic.oup.com/oxrep/article/38/1/112/6514751?guestAccessKey=238c3951-7d28-40d7-9285-1eb7d44e76a9&login=false
Thank you very much, I’ve read it, but it doesn’t support what you claim and it’s actually quite a lightweight document.
Your claim was that Brexit was a gift in the agri tech on account of the disruption and increased costs of farming associated with Brexit.
This is the only part which strikes me as relevant to this claim
Lot of ‘may’, ‘could’ heavy lifting going on there. Certainly doesn’t refute my point that all of this is/was entirely possible in the EU, and in fact the biggest vert farm companies are in the EU, not in the UK.
Sorry mate, I gave this argument every chance to prove a Brexit benefit, this one is still very much ‘not proven’ for me, unless you have something better?