The Economic Impact of Brexit | By 2025, Brexit had reduced UK GDP by 6% to 8%
https://www.nber.org/papers/w34459
Posted by bugtheft
The Economic Impact of Brexit | By 2025, Brexit had reduced UK GDP by 6% to 8%
https://www.nber.org/papers/w34459
Posted by bugtheft
17 Comments
But it’s ok as the architect of Brexit will still get his pension from the EU.
Oh look, exactly what the actual economists said would happen, happened! Don’t worry guys, I’m sure good ol’ Nigel isn’t lying to us this time…
Well that’s less than I thought it would be. But it’s the kind of news you can be sure Fuckwad and co will either twist, deny, or completely fail to mention.
and people still want to vote for Farage – absolutely staggering stupidity
1. Brexit
2. Lockdown
3. 20-years of awful leadership (squeezing the working class for more taxes, unwilling to effectively tax those who are wealth-retaining)
4. National projects steeped in corruption
5. Mismanaged finances
How on Earth did we get the most incompetent fools ruling the UK for almost 20 years, straight?
I don’t think people realise that Labour, Tories, Reform, etc,. are all different shit coming out from the same asshole. There’s a fundamental problem with the political system in the UK; it is not democratic.
If they mean relative percents, this is a lot by policy standards but not a ton.
So roughly what most people guessed.
Well I’m sure we can make those who did this pay, I’m talking about disabled people and their posh cars of course.
Well that wouldn’t have sounded as enticing on the side of a bus.
I don’t dispute that this may well be genuine but if it is, what the hell happened to France? As the gap between the Uk and France has grown yet France has not experienced the additional effect of Brexit
Comparing to where they think it could have been. They can’t even get yearly figures right.
I thought it was all project fear and lies peddled to us by the London elites.
Quick Britain, better elect one of the people responsible for Brexit!
How much more damage does Brexit have to do before we are ready to talk about rejoining the Single Market? Because that is exactly how much damage it will do.
Another win for brexit…. Thank you Farage and Johnson for all lies that made everyone poorer, stressed and divided.
Oh look it’s another “let’s assume we would have had the same economic trajectory as Germany and assign any ‘gap’ to Brexit” study. And that’s before you get into how they pick the countries.
Economists might think that this sort of thing is meaningful, but I really don’t think it is.
Even on the merits of their own datasets, this is unconvincing. Look at the GDP, productivity and business investment graphs (figures 1, 2, 4). In GDP our growth was already slower than the comparators between ’14 and ’16, the trend afterwards continues that, and the big hit is in 2020 (COVID). Productivity growth was lower than other countries since the start of the graph (2012) and this is a well known problem with the UK economy. And business investment seems to have been at an unusual high in 2016 and the ‘gap’ is more a regression to the mean.
It’s impossible to assess, especially with COVID-19 and Ukraine thrown into the mix. So it’s just one made up view, which is all economics really is – made up guesswork.
If you’re in the half of the country that was guaranteed no change (pensioners, farmers, rural England etc) you’ve lost nothing.
If you’re in the other half (working people, urban and suburban areas) the. You’re down 12 to 16%.
That’s how it works when the people who vote for stupid things are bailed out at the expense of those who don’t…