4 ms·
So how is UK which is far less exposed to the war, and Russian gas and oil, doing so much worse than its continental neighbors which are way more exposed to all
by rhaway84773 4y ago
So how is UK which is far less exposed to the war, and Russian gas and oil, doing so much worse than its continental neighbors which are way more exposed to all
Of those?
The answer is Brexit. Brexit wasn’t mildly negative. Brexit has been catastrophic.
https://www.bankofengland.co.uk/working-paper/2019/the-impact-of-brexit-on-uk-firms https://www.bankofengland.co.uk/working-paper/2019/the-impac...
The Bank of England estimates that Brexit has knocked off 2-5% of UK’s productivity across the board and that’s only one of the 3 impacts they’ve discovered (including an 11% drop in investment).