Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study

Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study

The latest such assessment comes in the form of a paper from the US-based National Bureau of Economic Research (NBER). This concludes that Brexit has reduced UK GDP by 6pc to 8pc, far more than most previous estimates.

Investment is worse off by between 12pc and 18pc, employment by between 3pc and 4pc, and productivity also by between 3pc and 4pc. There have been few more devastating assessments than this.

  • Devolution@lemmy.worldEnglish
    762·
    2 months ago

    Brexit is an example of what happens when Conservatives are allowed out of the basement and allowed to dictate national policy.

    • IronBird@lemmy.worldEnglish
      11·
      2 months ago

      haven’t “conservatives” (i use “” because they never conserve anything) ruled britisn for like…the last 50 or so years?

      • Devolution@lemmy.worldEnglish
        2·
        2 months ago

        And isn’t that why the UK is the shittiest Western European country compared to its neighbors?