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.world
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    1 day ago

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

    • IronBird@lemmy.world
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      23 hours ago

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

      • palordrolap@fedia.io
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        23 hours ago

        Well, there was a period in the 90s through to the early 2000s where we had a centre-left party (New Labour) running the show and mostly improving things, but then 9/11 and the Iraq war happened and the country went scurrying back to the Conservatives again.

        The conspiracy nut that lives in my brain is convinced Putin’s taking control of Russia in 2000 has everything to do with every single bit of the above after “but then”.

        We currently have New Labour (now just “Labour”) in charge again, but politically they smell an awful lot like the pre-Thatcherite Conservatives.

        • IronBird@lemmy.world
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          23 hours ago

          iirc putin was helped into power by the US, for promising to hunt down any remaining communists (similar story to literally every regime change the US has backed the last…50-70+ years?).

      • Devolution@lemmy.world
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        21 hours ago

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

    • lazynooblet@lazysoci.al
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      23 hours ago

      UK conservatives at the time were split regarding Brexit. They put the vote out to the public and the conservative party campaigned to stay possibly naively expecting the vote to be in their favour.

      • Devolution@lemmy.world
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        21 hours ago

        They were fucking knobs who were upset England had too many brown people and slavs. Don’t justify the pasty lazy fucks.