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.

  • ChickenLadyLovesLifeEnglish
    1·
    5 hours ago

    I had a friend in college whose parents were big into world government and had founded an organization to promote that. Talking to them was a weird experience because 1) they felt every problem facing the world could be solved by a one-world government, and 2) they actually felt achieving that world government was a realistic possibility. And it wasn’t like they thought the solution was just the USA taking over everything; they were very critical of everything about this country.

    I don’t know if this is irony or not, but that friend is now worth $34 million after her parents’ company went public. She doesn’t say anything about world government any more.