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What does Brexit mean for the UK, London, and NYC? Will McConnell allow a US stimulus payment vote?

Brexit will be here on January 1st. What big changes are coming?

There are a lot of big changes coming. Most important for the average Brit is the fact that you no longer can work or have education access in the European Union. You have to apply with normal immigration patterns, as you would outside the EU. That's going to change the way people think about their future. But otherwise, a lot greater regulatory impact, declarations of customs for goods being transmitted, so the cost of trade is going to go up with the world's largest common market. You know, the idea of I mean, for financial markets is very important because you have financial groups that are losing automatic access to the single market in the EU as well. They're supposed to be new deals cut around that, but we aren't there yet. It's not a disaster, but the fact that all these changes are happening immediately, and they are a significant cost primarily on the smaller economy of the United Kingdom and that they're going to have to be borne at a time when the economy's not doing well, when coronavirus hasn't been handled very well, when global demand is already depressed, this is a big hit, and it's a big hit also on the back of almost five years of uncertainty around the UK.

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Watch our livestream with Ian Bremmer on new Top Risks 2021 report

Following one of the most tumultuous years in recent history, what should we be prepared for in 2021? Watch GZERO Live's livestream, Top Risks 2021: Eurasia Group's Biggest Global Threats. Ian Bremmer and Cliff Kupchan of Eurasia Group discussed the firm's predictions in a conversation moderated by Meredith Sumpter, CEO of the Council for Inclusive Capitalism with the Vatican.

Click through to gzeromedia.com/gzerolive to watch today's livestream.

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