4 ms·
It's not great, sure, but it's only something like a long-run 2% drag. 2% is a lot, don't get me wrong! But the loss from planning is pretty high double digits,
by JackYoustra 2y ago
It's not great, sure, but it's only something like a long-run 2% drag. 2% is a lot, don't get me wrong! But the loss from planning is pretty high double digits, well over 10% in the US, to say nothing about the gains from liberalizing migration
- rich_sasha 2y agoA recent estimation puts the cost of Brexit as 6% of GDP, since 2020 - because that's when the UK actually left. So over 5 full years. That's a lot. And it's not a one-off either.
- JackYoustra 2y agoOh yeah. Higher than I thought! I still doubt it's as high as housing or migration, but yeah probably the first thing after that.