So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6
And yet the person that sold such an act of national economic harm will be the same person that a significant proportion of Brits will vote for at the next GE.
1) He's a talented scammer.
2) The big money and the insidious network of technocrats, and thus the media, are now all behind ReformUK Ltd and their next big scam.
3) Around a third (the magic number, it appears) of the votership is ignorant and gullible enough to fall for his narrative. -
@ChrisMayLA6
And yet the person that sold such an act of national economic harm will be the same person that a significant proportion of Brits will vote for at the next GE.
1) He's a talented scammer.
2) The big money and the insidious network of technocrats, and thus the media, are now all behind ReformUK Ltd and their next big scam.
3) Around a third (the magic number, it appears) of the votership is ignorant and gullible enough to fall for his narrative.on the button!
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R relay@relay.infosec.exchange shared this topic
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 4-6% of GDP gets you a lot of milkshakes
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 He should be held liable, not just accountable. The #BBC blames the current economic woes on everything except #Brexit, which is the root cause of the mess.
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 It's odd that the "Similar countries" include the US, Japan and Canada, in addition to the EU-27.
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@ChrisMayLA6
And yet the person that sold such an act of national economic harm will be the same person that a significant proportion of Brits will vote for at the next GE.
1) He's a talented scammer.
2) The big money and the insidious network of technocrats, and thus the media, are now all behind ReformUK Ltd and their next big scam.
3) Around a third (the magic number, it appears) of the votership is ignorant and gullible enough to fall for his narrative.@MostlyTato @ChrisMayLA6
Seems 'one third' is the magic number of stupidity in my country, Canada, and most developed nations. -
R relay@relay.mycrowd.ca shared this topic
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 we always measure everything in money because this country serves shareholders and not its people
its quality of life that has suffered most
largely thanks to redistribution of existing wealth/assets from the bottom to the top
(which began long before 2016 and Covid of course)
and rather than rallying against those responsible, the Brexiteers have turned neighbour against neighbour
should Farage win in 2029 it will be 2016 all over again and 0-1% growth will seem like halcyon years
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@MostlyTato @ChrisMayLA6
Seems 'one third' is the magic number of stupidity in my country, Canada, and most developed nations.@john @MostlyTato @ChrisMayLA6 also in Brazil, with Bolsonaro
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on the button!
@ChrisMayLA6 @MostlyTato as creating collapses like this are part of an Epstein plan, maybe it is time to call Reform the Epstein party and those who might vote for them Epstein supporters?
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R relay@relay.publicsquare.global shared this topic
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam ToozeThe seen all the news reports of the terrible flooding going on and that can’t be helping either
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@john @MostlyTato @ChrisMayLA6 also in Brazil, with Bolsonaro
@chicao @john @ChrisMayLA6
And most likely the US. It does seem like a third is the critical mass of gullible, uninformed idiots required to install a democidal regime. -
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6
Meanwhile, we in the US had to tell the world, "hold my beer" a second time when we brought the orange, lump in the underwear of life back to power. -
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 Adding that the *global financial crisis* cost us around 3.5%. Farage is worse than a worldwide recession.
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 I didn't know it was that massive loss.
#BorisJohnson must be proud of himself, a loser all the way. -
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 That's nothing next to - say - the inability to buy EU heat pumps/A/C's with the heat waves in the summer of the last few years. I had to order a German-made window heat pump for a friend with my $USD credit card to ship it to a UK address in order for them to get a friggin' heat pump! The company wouldn't take UK credit cards.
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@chicao @john @ChrisMayLA6
And most likely the US. It does seem like a third is the critical mass of gullible, uninformed idiots required to install a democidal regime.@MostlyTato
#PostOfTheWeek (season 3):
Brexit, the United Kingdom’s decision to withdraw from the European Union, is a rare contemporary example of a major developed economy raising trade barriers and more generally pulling back from international economic integration.
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@MostlyTato
#PostOfTheWeek (season 3):
Brexit, the United Kingdom’s decision to withdraw from the European Union, is a rare contemporary example of a major developed economy raising trade barriers and more generally pulling back from international economic integration.@MostlyTato
When the Brexit referendum took place in 2016, academic and professional economists generally forecast that the policy about-face would result in a negative hit to the United Kingdom’s economy of about 4% of GDP over the long-term. Rather than a sudden, visible economic shock following the vote, the costs of Brexit have been gradual and cumulative. -
@MostlyTato
When the Brexit referendum took place in 2016, academic and professional economists generally forecast that the policy about-face would result in a negative hit to the United Kingdom’s economy of about 4% of GDP over the long-term. Rather than a sudden, visible economic shock following the vote, the costs of Brexit have been gradual and cumulative.@MostlyTato
Now, almost a decade later, new research aims to assess Brexit’s actual impact on the United Kingdom’s economy, which involves the challenging task of comparing the country’s economic indicators to what they would have been if the United Kingdom had remained in the European Union. -
@MostlyTato
Now, almost a decade later, new research aims to assess Brexit’s actual impact on the United Kingdom’s economy, which involves the challenging task of comparing the country’s economic indicators to what they would have been if the United Kingdom had remained in the European Union.@MostlyTato
This research finds that, ten years on, the economic cost of Brexit has been larger than analysts predicted and that prolonged policy uncertainty contributed importantly to the magnitude of the impact. Understanding the ways in which Brexit resulted in a drag on economic growth for the United Kingdom provides potential lessons about the costs of abruptly pulling back from the global economy for other countries.
