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.
I think the worst part of Brexit is not that it reduced UK GDP by a fixed amount, but that the damage is getting worse with time. Brits could probably have lived with a temporary setback followed by faster growth, but it’s becoming pretty evident that the UK has been permanently damaged and growth will lag peer economies’ for the foreseeable future.
And yet, Reform UK is looking pretty good in the polls. Make that make sense, they were the most ardent proponents of Brexit.
Lot of stuoid, ugly at heart people out there. I still remember seeing one young guy being interviewed aeound the time of Brexit saying the only reason for Brekoxt is racism.
The rise of reform should remind people of that,.in a world that needs to be closer, this is the exact.opposite of that
This makes sense in the same way Trump.and MAGA makes.sense, same sort of people.
As an Australian, I wish we were asked to join the EU but i fear we’d posion the great EU experiment with our toxcisity.