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All the catastrophic things that were predicted form Brexit didn’t really happen though
by grandempire 2y ago
All the catastrophic things that were predicted form Brexit didn’t really happen though
- enraged_camel 2y agoYes they did? Is this a joke? Or have you not been following the UK’s descent into poverty and irrelevance?
- grandempire 2y agoHere a few that were seriously threatened - all the major corporations would leave and there would be no jobs - collapse of the pound - start of wars within the UK and potentially with EU
- rayiner 2y agoThe UK’s GDP per capita trajectory diverged around the end of the Great Recession. That was before the Brexit vote (2016) and long before the actual Brexit (2020). France and Italy have been stuck in more or less the same doldrums since the same time: https://datacommons.org/place/country/FRA?utm_medium=explore&mprop=amount&popt=EconomicActivity&cpv=activitySource,GrossDomesticProduction&hl=en https://datacommons.org/place/country/FRA?utm_medium=explore...
- Ylpertnodi 2y agoAs a fairly regular visitor (for work), what particular doldrums are you referencing? Admittedly, the loss of the US market will be a big blow for exports, but the anti-US (Trump) feelings strongly would put up with a financial hit rather than dealing with Mr. Loopy. And Tesla's are becoming very unpopular...and unsellable.
- rayiner 2y agoThe per capita GDP of France, Italy, and the UK have been flat since 2009.
- hn_throwaway_99 2y agoI'm not disagreeing with your main point (by a host of metrics, the UK and EU have stagnated economically compared to the US since the end of the great recession), but I also don't think GDP per capita is the best metric to use here given widening levels of inequality. Median income levels taking into account government transfers are much more informative in my opinion.
- deleted 2y ago[deleted]
- Aloisius 2y agoEm. Those aren't inflation adjusted. - UK - https://fred.stlouisfed.org/series/NYGDPPCAPKDGBR https://fred.stlouisfed.org/series/NYGDPPCAPKDGBR - FR - https://fred.stlouisfed.org/series/NYGDPPCAPKDFRA https://fred.stlouisfed.org/series/NYGDPPCAPKDFRA - IT - https://fred.stlouisfed.org/series/NYGDPPCAPKDITA https://fred.stlouisfed.org/series/NYGDPPCAPKDITA It would be somewhat unusual if they didn't all look similarish given the level of trade between them. The UK government predicted a 2% reduction in growth over 15 years with a soft brexit compared to what it would have been otherwise, but seeing it on a graph may be difficult given those countries were also hurt by Brexit.
- dukeyukey 2y agoI'm as anti-Brexit as they come, but it didn't change the UK's direction much. It's still the 2nd richest European state (with the 1st declining fast), the 3rd largest tech ecosystem worldwide, one of the premier military powers. Brexit wasn't great, or even good, but it's not disastrous.
- casey2 2y agoif THIS comment isn't satirical then truly and honestly you should lay off the propaganda pipe.
- hermitcrab 2y agoIt is significantly worse the most pundits predicted.
- coldtea 2y agoNot tied to failing and increasingly irrelevant EU? What is significantly worse, is the governing clases continuing the same pre-Brexit policies and deals post-Brexit, to nullify it.
- redserk 2y agoThe UK is becoming a destination country for hiring low-cost services labor. Not exactly an endorsement of future success.
- grandempire 2y agoLow cost compared to what? California and New York? That’s also true of many states where finance and tech companies have smaller offices.
- hn_throwaway_99 2y agoI live in Texas and contract for a company based in Europe. Comparable UK software engineering salaries are about 1/3-1/2 of what my salary expectations are.
- grandempire 2y agoI would do a quick google search of Brexit news articles with the year 2016.
- hermitcrab 2y agoI was living in the UK at a time. Nobody worth listening to was predicting war or famine.