The Leave campaign infamously claimed Brexit would result in a £350m a week dividend for the UK. That claim was a lie.

Yesterday we were told – by the BBC’s Daily Politics – that the UK’s net contribution to the EU was most recently £181 million per week. So the cost of the decision to leave the EU – not the actual departure itself – is nearly twice as much.

And those of us who still – still – support the lying Leave campaign want the rest of us to shut up and accept their ever-more-ridiculous claim that Brexit is a good idea?

This looks like a reality check, to me. If Brexit is already costing us nearly twice as much as EU membership – and let’s not forget the 50-60 million Euros in the divorce bill has yet to even begin being paid – then there’s a lot more harm to come.

Let’s kick it into touch while we still can.

The Brexit vote has already inflicted a hit of almost £20bn on the UK economy – or around £300m for each week since the June 2016 referendum, according to a new analysis.

A team of four economists affiliated to the respected Centre for Economic Policy Research estimated what the likely path of the UK economy would have been if the referendum result had gone the other way.

The difference between this UK “doppelganger” counterfactual, and the actual path of UK GDP by the third quarter of 2017, is 1.3 per cent of GDP, or around £20bn.

Dividing this £20bn figure by the 66 weeks since the Brexit vote gives the figure of around £300m.

Source: Brexit has lost UK economy £300m per week since EU referendum result, analysis finds | The Independent


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