UK economy 2.5 per cent SMALLER than if Remain had won EU referendum – experts
I don’t expect this to persuade anybody who voted ‘Leave’.
We all remember leave-voting Michael Gove’s comments about experts, after all.
But this is not speculation or prediction – it is an evidence-based finding.
The UK economy has suffered as a result of the Brexit vote and is 2.5 per cent smaller than if a majority had voted to remain in the EU.
In case @BorisJohnson is passing a bus anytime soon:
The UK economy is now 2.5% smaller than had Britain voted Remain.
That’s a staggering… £360 million a week 😔 https://t.co/4LSswrIsiV
— Dr Rachel Clarke (@doctor_oxford) March 31, 2019
A loss of £360 million per week!
That’s only £6 per person – but it’s £312 per year, and in a country where most people can’t even boast £100 worth of savings, it might be more relevant than it seems.
I await the excuses of the Brexiteers.
On a similar note, the figures seem to show an improvement in the economy of more than 15 per cent since the Conservatives took office in 2010, yet real-terms average pay has fallen by thousands of pounds per year.
The money has to go somewhere so we must conclude that those who control the money flow – business leaders and bankers – are keeping it for themselves.
Where’s the outrage at that?
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It looks like we are already £10,000,000 in the red on the £350,000.000 pw on the side of the bus and we haven’t spent anything yet. They didn’t tell us that we would be worse off.
You must factor in the abysmal handling of leaving by the Tories. If they had handled it better then the findings might have been different.
There is also speculation on what the econo. Y might have been with a remain win.
Can’t argue with that! The ‘Remain’ projection is a guesstimate – it can’t be anything else. As for the Tory ‘handling’ of the situation….
Is this the same bunch of experts who said we would lose 500,000 jobs the day after voting leave if we had done that and that the economy would nose dive ?
I don’t know. Which bunch of experts is that?
Eu supporting ones but as the ex governor of the Bank of England mervyn king has pointed out our economy is stronger now than in 2016
Is it any wonder the economy has shrunk with the uncertainty caused by the establishments continued opposition to us leaving the EU? If people had put as much effort into promoting the UK as they do denigrating it, we would be in a better position. In any case, is it all about money? I’d be happy with a smaller economy if we stopped bombing (or helping bomb) countries such as Yemen. We are a wealthy country and would prosper in or out of the EU, if we used money wisely. But we don’t.