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Huge deficits exited prior labor party takeover due to economy getting smacked by brexit. Labor party has decreased the deficit. https://www.economicshelp.o

• qcnguy 1y ago
  Where do you people get this stuff? The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. The huge deficits are structural and driven by unrestrained immigration and welfare spending combined with the ruinous costs of lockdown, which put the debt load onto an unsustainable trajectory. Instead of being stable after lockdowns ended interests costs started continuously rising as a percentage of the budget. Labour certainly has not decreased the deficit unless you're counting a "reduction" from lockdown costs.
  • toomuchtodo 1y ago
    > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Five key impacts of Brexit five years on - https://www.bbc.com/news/articles/cdrynjz1glpo https://www.bbc.com/news/articles/cdrynjz1glpo - January 30th, 2025 Brexit deal impact in UK is worsening, warn economists - https://www.bbc.com/news/articles/cd988p00z1no https://www.bbc.com/news/articles/cd988p00z1no - September 17th, 2024 Brexit’s Lasting Damage Is Looking Inescapable - https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable https://www.bloomberg.com/opinion/articles/2024-03-19/brexit... | https://archive.today/1UJgM https://archive.today/1UJgM - March 19th, 2024 New report reveals UK economy is almost £140billion smaller because of Brexit - https://www.london.gov.uk/new-report-reveals-uk-economy-almost-ps140billion-smaller-because-brexit https://www.london.gov.uk/new-report-reveals-uk-economy-almo... - January 11th, 2024
  • exasperaited 1y ago
    > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Crikey. This is really unmoored from facts and data.
  • adrr 1y ago
    I literally posted a deficit to GDP ratio showing the deficit drop when Labour came to power. Here's a peer reviewed studies in major economic journals saying Brexit had negative affect on UK. https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 - devalued pound https://www.sciencedirect.com/science/article/pii/S0022199624001399 https://www.sciencedirect.com/science/article/pii/S002219962... - increased prices Do you have any peer reviewed studies showing that it had no effect? THere's more studies showing decreased trade, huge decrease in foreign investments.