Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study
The latest such assessment comes in the form of a paper from the US-based National Bureau of Economic Research (NBER). This concludes that Brexit has reduced UK GDP by 6pc to 8pc, far more than most previous estimates.
Investment is worse off by between 12pc and 18pc, employment by between 3pc and 4pc, and productivity also by between 3pc and 4pc. There have been few more devastating assessments than this.
Brexit is an example of what happens when Conservatives are allowed out of the basement and allowed to dictate national policy.
haven’t “conservatives” (i use “” because they never conserve anything) ruled britisn for like…the last 50 or so years?
Well, there was a period in the 90s through to the early 2000s where we had a centre-left party (New Labour) running the show and mostly improving things, but then 9/11 and the Iraq war happened and the country went scurrying back to the Conservatives again.
The conspiracy nut that lives in my brain is convinced Putin’s taking control of Russia in 2000 has everything to do with every single bit of the above after “but then”.
We currently have New Labour (now just “Labour”) in charge again, but politically they smell an awful lot like the pre-Thatcherite Conservatives.
iirc putin was helped into power by the US, for promising to hunt down any remaining communists (similar story to literally every regime change the US has backed the last…50-70+ years?).
And isn’t that why the UK is the shittiest Western European country compared to its neighbors?
Interesting to read this in the telegraph. If I recall correctly they were pro leave during the campaign leading up to the referendum.
Because they report the news and inform the public … their content just tends to have a four or five year lag compared to reality.
Yeah, that’s the significant thing for me here. Not what’s being said, but which paper is saying it.
Same as the US voting in Trump, the warnings were there before the vote.
IMHO part of the problem was that economics was more a branch of philosophy than a science until the 1970s, but the public never got the memo when this changed.
So we get doofuses who act like their economics claims are purely a matter of opinion, not falsifiable hypotheses. Try arguing for a UBI and watch how many chalkboard economists tell you what they imagine would happen, completely ignoring all experimental results.
And the same reason: Putin
I could have told the UK that before they left the EU. But they listened to billionaires Rees-Mogg, Truss and the like and voted for something that enriched the aristocrats and oligarchs and shafted the average person. The UK fell for the oldest trick in the book “brown people are taking your jobs” when it was really a get rich quick scheme for oligarchs, aristocrats and the 1%. You made your bed UK - now lie in it 🤷🤷♀️🤷♂️
is “pc” “%”? Seems like a less clear and understandable way of saying it, why do this?
leopardsatemyface
Brexit AND the two elections of the orange felon/pedophile have been unmitigated successes for Putin.
It’s only now time?
Still time
I mean, it’s been pretty clear for a while now. Side question, why use “pc” instead of “%”? A bit confusing.
Who could have seen this coming? It was totally unpredictable?
surprised Pikachu face
Everybody saw this coming
That was one of the reasons why Putin got behind it, and made it a “success”.
Pah! I think you’ll find we’re tired of listening to experts.
/s
https://archive.ph/L2Gqp without paywall
