4 ms·
> "Khan, a member of the opposition Labour Party, which voted against Brexit in a 2016 referendum, based his statement on a report he commissioned from economic
by nvm0n2 3y ago
> "Khan, a member of the opposition Labour Party, which voted against Brexit in a 2016 referendum, based his statement on a report he commissioned from economic consultants Cambridge Econometrics, who estimated how fast the economy would have grown if Britain had voted to stay in the EU."
So a made up prediction that he paid for. That's not very convincing given that self-proclaimed economic experts also confidently predicted:
- 500k-800k job losses in an immediate recession following the vote if Leave won
- A loss of trade with the EU upon leaving the single market
... neither of which actually happened. The economy grew after the vote, and today the ratio of EU to non-EU trade the UK engages in hasn't changed from before Brexit, which strongly implies the single market was actually useless for Britain in the end.