3 ms·
Serious economic impact. > a 4% shrinkage in long-run productivity relative to remaining in the EU, expects the Office for Budget Responsibility, inflation is
by bjelkeman-again 4y ago
Serious economic impact.
> a 4% shrinkage in long-run productivity relative to remaining in the EU, expects the Office for Budget Responsibility, inflation is higher than in the EU, trade has fallen by almost a fifth, while the government itself says the much-trumpeted Australian deal will raise GDP by less than 0.1% a year by 2035. Brexit has raised food prices by 6% says the LSE, while draining the workforce. Eurostar also deliberately leaves a third of seats empty due to crippling EU/UK border delays.
https://www.theguardian.com/commentisfree/2023/jan/31/three-years-on-brexit-uk-voters-rejoining-eu-labour-europe https://www.theguardian.com/commentisfree/2023/jan/31/three-...
> According to figures from the Netherlands Bureau for Economic Policy Analysis – which tracks trends in global trade – UK goods export volumes remained 3.3% below their 2018 average in October, in contrast to an average 4.4% increase seen across all advanced economies.
https://www.theguardian.com/politics/2023/jan/31/why-the-uk-economy-is-shrinking-fast https://www.theguardian.com/politics/2023/jan/31/why-the-uk-...
- Alupis 4y agoHow much of this can be attributed to the pandemic and shutdowns, and not directly to simply not being an EU country anymore? After all, there are plenty of non-EU countries in the general region - is the UK doing worse, average, or better than those nations?
- ClumsyPilot 4y agoThe comparison is against peer countries in the EU, like France. The government failed at every level of due dilligence, like it exited EURATOM without agreeing any replacement. It has nothing to do with EU /single market, but they quit it anyway. 99.99% of brexiters didn't know Euratom even exists. UK exited customs union (despite this not being asked at referendun) but to this date has no customs checks because it has not hired officers or built facilities to carry out checks. It has failed to provide France with custom checking facilities at dover, and there were queues for hundreds of miles this summer with truck drivers defecating out in the open. Like some of this is so mad its hard to believe. My cost of sending parcels to EU has tripled overnight.