Topic: Brexit will have soon cost UK more than all its payments to the EU over past 47 years put together
Anonymous A started this discussion 6 years ago #95,761
Brexit is likely to have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure that almost eclipses the total amount the UK has paid toward the European Union budget over the past 47 years.
According to research by Bloomberg Economics, 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.
The analysis, by the economist Dan Hanson, found that business uncertainty had caused the UK's economic growth to lag behind that of other G7 countries since the 2016 vote.
That means the British economy is 3% smaller than it might 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 to the EU budget from 1973 to 2020 at £215 billion after adjusting for inflation.
That means the combined cost of Brexit since 2016 is likely to soon eclipse the total cost of the EU's budget payments, which were a central part of the Leave campaign's case for Brexit in the first place.
https://www.businessinsider.com/brexit-will-cost-uk-more-than-total-payments-to-eu-2020-1According to research by Bloomberg Economics, 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.
The analysis, by the economist Dan Hanson, found that business uncertainty had caused the UK's economic growth to lag behind that of other G7 countries since the 2016 vote.
That means the British economy is 3% smaller than it might 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 to the EU budget from 1973 to 2020 at £215 billion after adjusting for inflation.
That means the combined cost of Brexit since 2016 is likely to soon eclipse the total cost of the EU's budget payments, which were a central part of the Leave campaign's case for Brexit in the first place.
Anonymous B joined in and replied with this 6 years ago, 48 minutes later[^] [v] #1,080,687
You cant make an omelet without breaking a few eggs.
Fake anon !ZkUt8arUCU joined in and replied with this 6 years ago, 5 minutes later, 53 minutes after the original post[^] [v] #1,080,688
@previous (B)
It's more like needing to shit and then deciding it would be more desirable to shit into your pants rather than use the toilet like everyone else because you might have to share the facilities with a foreigner.
It's more like needing to shit and then deciding it would be more desirable to shit into your pants rather than use the toilet like everyone else because you might have to share the facilities with a foreigner.
(Edited 48 seconds later.)
Meta !Sober//iZs joined in and replied with this 6 years ago, 10 minutes later, 1 hour after the original post[^] [v] #1,080,690
I'm always wary about these because economics isn't falsifiable. We can't go back in time to 2016 and then re-run history with the UK staying in the EU to calculate the true cost of Brexit. There's no way to tell what the economic growth would have been in a Remain-majority Britain. So these people are basically just guessing and making shit up.
Dreamworks joined in and replied with this 6 years ago, 36 minutes later, 1 hour after the original post[^] [v] #1,080,694
@previous (Meta !Sober//iZs)
Well no but you will be able to compare the growth rate of another country that is staying to the uk after it leaves.
like if the uk has a gdp growth of 3% over the next 10 years when germany or france have a 10% growth surely thats pretty indicative of the uks growth if it had remained
Well no but you will be able to compare the growth rate of another country that is staying to the uk after it leaves.
like if the uk has a gdp growth of 3% over the next 10 years when germany or france have a 10% growth surely thats pretty indicative of the uks growth if it had remained
Dreamworks double-posted this 6 years ago, 1 minute later, 1 hour after the original post[^] [v] #1,080,695
like what they did in the article innit
Meta !Sober//iZs replied with this 6 years ago, 1 minute later, 1 hour after the original post[^] [v] #1,080,698
@1,080,694 (Dreamworks)
The UK's growth has never exactly matched Germany or France.
Also Merkel is Hitler 2.0
The UK's growth has never exactly matched Germany or France.
Also Merkel is Hitler 2.0
Dreamworks replied with this 6 years ago, 2 minutes later, 1 hour after the original post[^] [v] #1,080,699
@previous (Meta !Sober//iZs)
no but if you adjust for that and if there is a large enough difference i think you can draw some fairly definite conclusions
no but if you adjust for that and if there is a large enough difference i think you can draw some fairly definite conclusions
Meta !Sober//iZs replied with this 6 years ago, 3 minutes later, 1 hour after the original post[^] [v] #1,080,700
Anonymous F joined in and replied with this 6 years ago, 32 minutes later, 2 hours after the original post[^] [v] #1,080,712
UK votes Leave
Remainers sabotage deals
Uncertainty sabotages economy
Remainers blame Leavers
Remainers sabotage deals
Uncertainty sabotages economy
Remainers blame Leavers
Dreamworks replied with this 6 years ago, 10 minutes later, 2 hours after the original post[^] [v] #1,080,716
Anonymous A (OP) replied with this 6 years ago, 13 minutes later, 2 hours after the original post[^] [v] #1,080,722
@1,080,712 (F)
> Remainers sabotage deals
Boris is a Remainer now? He did his best to derail May's deal, only to introduce one essentially identical.
> Remainers sabotage deals
Boris is a Remainer now? He did his best to derail May's deal, only to introduce one essentially identical.
Anonymous F replied with this 6 years ago, 2 minutes later, 2 hours after the original post[^] [v] #1,080,723
Green !StaYqkzUPc joined in and replied with this 6 years ago, 18 minutes later, 3 hours after the original post[^] [v] #1,080,731
@1,080,688 (Fake anon !ZkUt8arUCU)
I don't understand why you have such a vested interest in British politics and Brexit. You speak as if you live in the country, know all about it and will be affected by it.
I don't understand why you have such a vested interest in British politics and Brexit. You speak as if you live in the country, know all about it and will be affected by it.
Anonymous A (OP) replied with this 6 years ago, 7 minutes later, 3 hours after the original post[^] [v] #1,080,732
Fake anon !ZkUt8arUCU replied with this 6 years ago, 23 seconds later, 3 hours after the original post[^] [v] #1,080,733
@1,080,731 (Green !StaYqkzUPc)
I just know when I see a country doing a tremendously stupid thing. You don't need to live there to see it, and you don't need to be a genius to figure it out. And I'm not super invested in it, I just comment on it if it pops up.
I just know when I see a country doing a tremendously stupid thing. You don't need to live there to see it, and you don't need to be a genius to figure it out. And I'm not super invested in it, I just comment on it if it pops up.
Green !StaYqkzUPc replied with this 6 years ago, 22 minutes later, 3 hours after the original post[^] [v] #1,080,735
Fake anon !ZkUt8arUCU replied with this 6 years ago, 6 minutes later, 3 hours after the original post[^] [v] #1,080,738
Dreamworks replied with this 6 years ago, 3 hours later, 7 hours after the original post[^] [v] #1,080,818
Meta !Sober//iZs replied with this 6 years ago, 7 minutes later, 7 hours after the original post[^] [v] #1,080,825
Killer Lettuce? !HonkUK.BIE joined in and replied with this 6 years ago, 3 hours later, 10 hours after the original post[^] [v] #1,080,869
@1,080,731 (Green !StaYqkzUPc)
It's really not that strange. It's a major political event, happening in a country he speaks the same language as. It's no more strange than you or me having an opinion on Trump.
It's really not that strange. It's a major political event, happening in a country he speaks the same language as. It's no more strange than you or me having an opinion on Trump.
Erik !jzYkdX7lIw joined in and replied with this 6 years ago, 8 minutes later, 10 hours after the original post[^] [v] #1,080,871
@1,080,712 (F)
> UK votes Leave
> Remainers sabotage deals
> Uncertainty sabotages economy
> Remainers blame Leavers
Yeah, pretty much this.
> UK votes Leave
> Remainers sabotage deals
> Uncertainty sabotages economy
> Remainers blame Leavers
Yeah, pretty much this.
Anonymous J joined in and replied with this 6 years ago, 24 minutes later, 10 hours after the original post[^] [v] #1,080,874
Anonymous F replied with this 6 years ago, 10 hours later, 20 hours after the original post[^] [v] #1,080,939
Killer Lettuce? !HonkUK.BIE replied with this 6 years ago, 26 minutes later, 21 hours after the original post[^] [v] #1,080,945
Anonymous F replied with this 6 years ago, 3 minutes later, 21 hours after the original post[^] [v] #1,080,946
Killer Lettuce? !HonkUK.BIE replied with this 6 years ago, 6 minutes later, 21 hours after the original post[^] [v] #1,080,948
@previous (F)
No, the polls don't support that. Support for no-deal stood around the mid 30s.
https://www.statista.com/statistics/883660/support-for-brexit-scenarios/
https://yougov.co.uk/topics/politics/articles-reports/2019/04/04/what-do-public-think-about-no-deal-brexit
No, the polls don't support that. Support for no-deal stood around the mid 30s.
https://www.statista.com/statistics/883660/support-for-brexit-scenarios/
https://yougov.co.uk/topics/politics/articles-reports/2019/04/04/what-do-public-think-about-no-deal-brexit
Anonymous F replied with this 6 years ago, 25 minutes later, 21 hours after the original post[^] [v] #1,080,950
@previous (Killer Lettuce? !HonkUK.BIE)
After 3 years of remainder scaremongering propaganda, who is surprised?
After 3 years of remainder scaremongering propaganda, who is surprised?
Killer Lettuce? !HonkUK.BIE replied with this 6 years ago, 23 minutes later, 22 hours after the original post[^] [v] #1,080,954
@previous (F)
Good job steering that away from hard data. Nothing I cite will convince you that people who didn't want no deal weren't brainwashed sheeple.
Good job steering that away from hard data. Nothing I cite will convince you that people who didn't want no deal weren't brainwashed sheeple.
