BREXIT: What are the consequences for the UK? Lord Burns Discusses with Sixth Formers

9 December 2016

Lord Terence Burns, whose distinguished career included former Chair of Santander,  Chief Economic Advisor to the Treasury and Chairman of the National Lottery Commission (to name a few!), delivered a talk to students at Hereford Sixth Form College on the most important decision the UK has made in recent history. The entire top floor was packed with nearly 300 students in anticipation of  ‘BREXIT: What are the consequences for the UK?’

This talk was a continuation of our Post EU Referendum talk series which saw leading figures discussing the possible effects of the referendum on young people. 

Video highlights of our live panel debate, hosted by our founder Robert Peston, can be found here.

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Describing himself as a “risk averse economist”, Lord Burns outlined the history of how and why it was decided to hold a referendum and provided an overview of the arguments on either sides of this controversial debate. Students were particularly captivated by the anecdotal descriptions of economic decision making with previous Lord Chancellor (now Lord) Lawson and Margaret Thatcher.

The talk was followed by a lengthy question and answer session where an impressive range of questions was posed to the guest on economics and political sovereignty. These included the effectiveness of quantitative easing as fiscal policy; the likelihood of retaining existing Japanese business investment in the UK; whether banking would relocate to other EU nations and the opening up of new markets.

We are privileged that such a distinguished guest would devote time to our students. To receive an insight from the highest levels of government and economic management is truly special. Students were fascinated and we have already requested that he return next year. Our strategy is to bring important figures and expertise in the wider community to our students providing understanding and also inspiration for what they can achieve.” Enrichment Co-ordinator, Marco Martinelli

 

More information about the campaign and related talks can be found here.

Our thanks to Lord Burns and Hereford Sixth Form College