Four years of Brexit is costing more than 47 of EU membership. It is economic insanity
When life imitates satire: This mock “Brexit 50p” is now eerily indicative of what the UK has done to itself.
How is this good for the UK?
By the time the transition period ends in December this year, Brexit will have cost the UK more than £200 billion in lost economic growth.
That’s almost as much as the £215 billion the UK will have contributed to the EU in the 47 years of its membership (inflation-adjusted).
The UK economy is three per cent smaller than it would have been if a majority of voters had not decided to leave the EU in the referendum.
That’s equivalent to a three-year-long recession.
But racists, jingoists and fantasists love it.
And they will ignore the inconvenient facts until the day they die.
Brexit will have cost the UK more than £200 billion in lost economic growth by the end of this year – a figure which almost eclipses the total amount the UK will have paid towards the EU budget over the past 47 years.
The cost of the UK’s vote to leave has already reached £130 billion, with a further £70 billion likely to be added by the end of 2020.
Business uncertainty has caused the UK’s economic growth to lag behind that of other G7 countries since the 2016 vote.
That means the British economy is now 3% smaller than it would have been if the UK had not voted to leave the EU.
Figures from the House of Commons library put the UK’s total projected contribution towards the EU budget between 1973 and 2020 at £215 billion after adjusting for inflation.
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Very strange that our roly-poly friend at no 10 has virtually stopped talking about economics. Everything’s been politics for the last year. Well, we’ve got news for the glutton’s supporters — you can’t eat politics!
If only all the lackeys of the EU Empire and the bootlicking remainiacs had let us leave after we had voted?
Their tireless campaign to subvert, deter and disrupt for their own personal interests and their masters in Brussels did so much damage they should hang their heads in shame.
Step back, everyone!
I think he means it.
The thing that I find irritating with replies such as ‘ Ben ‘ has made is that writers such as this one seem to believe that the point that are wanting to get across is aided by a surfeit of unnecessary reinforcers when addressing the topic under discussion.
Whatever do you mean by that? Make sense, please.
Many months ago I posted a comment on your esteemed blog ( or whatever ) that elicited the same response of apparent non-comprehension from yourself. My reply, on that occasion, was that I was being sarcastic. Nothing has changed.
No, I really couldn’t make head or tail of it. What were you trying to say?