Stanford Institute report on the economic impact of Brexit:'nhttps://siepr.stanford.edu/publications/working-paper/economic-impact-brexit'nIt reduced UK GDP by 8%, investment by 18%, employment by 4%, and productivity by 4%.
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Stanford Institute report on the economic impact of Brexit:
https://siepr.stanford.edu/publications/working-paper/economic-impact-brexit
It reduced UK GDP by 8%, investment by 18%, employment by 4%, and productivity by 4%. Also reduced Treasury tax revenue by £40-80Bn/year.
(Note that this is NOT a UK think tank but a US one so more likely to be ideologically in favour of Brexit as a starting point.)
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Stanford Institute report on the economic impact of Brexit:
https://siepr.stanford.edu/publications/working-paper/economic-impact-brexit
It reduced UK GDP by 8%, investment by 18%, employment by 4%, and productivity by 4%. Also reduced Treasury tax revenue by £40-80Bn/year.
(Note that this is NOT a UK think tank but a US one so more likely to be ideologically in favour of Brexit as a starting point.)
@cstross
That is a serious set of numbers there: Brexit “reduced UK GDP by 8%, investment by 18%, employment by 4%, and productivity by 4%. Also reduced Treasury tax revenue by £40-80Bn/year.” And caused a return to stunting in children.
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@cstross
That is a serious set of numbers there: Brexit “reduced UK GDP by 8%, investment by 18%, employment by 4%, and productivity by 4%. Also reduced Treasury tax revenue by £40-80Bn/year.” And caused a return to stunting in children. -
But does the EU really _want_ the UK back any time soon?
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But does the EU really _want_ the UK back any time soon?
@juergen_hubert
Probably not, given that UK is such a basket case & would have to be propped up for decades.
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@juergen_hubert
Probably not, given that UK is such a basket case & would have to be propped up for decades.The EU has accepted a fair number of basket cases into their fold - that's not the problem.
But they do want actual _commitment_ to EU membership, and the UK has demonstrated that they lack this. Even if they were to apply, they would be regarded like a cat that can't decide whether to go outside or not - only _far_ less charming.
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The EU has accepted a fair number of basket cases into their fold - that's not the problem.
But they do want actual _commitment_ to EU membership, and the UK has demonstrated that they lack this. Even if they were to apply, they would be regarded like a cat that can't decide whether to go outside or not - only _far_ less charming.
@juergen_hubert @Su_G I suspect an independent Scotland, Wales, and Northern Ireland would get nodded through fairly rapidly. It's England that's the problem child.
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@juergen_hubert @Su_G I suspect an independent Scotland, Wales, and Northern Ireland would get nodded through fairly rapidly. It's England that's the problem child.
That is true. However, how to get independent is a problem for Scotland, Wales, and Northern Ireland to solve - while there would be a lot of Schadenfreude in European capitals at such a tien of events, due to internal politics the EU cannot be seen as too supportive of independence movements.
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That is true. However, how to get independent is a problem for Scotland, Wales, and Northern Ireland to solve - while there would be a lot of Schadenfreude in European capitals at such a tien of events, due to internal politics the EU cannot be seen as too supportive of independence movements.
@juergen_hubert @Su_G Yes, that's glaringly clear. I suspect any rupture will occur if and when the UK elects a Reform UK government (who are obnoxious English nationalist far-rightists who advocate abolishing the devolved parliaments).
