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muelltonne ( muelltonne@feddit.org )  to Europe@feddit.orgEnglish · 7 months ago

The economic cost of Brexit has just been laid bare – and it’s devastating

www.thelondoneconomic.com

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The economic cost of Brexit has just been laid bare – and it’s devastating

www.thelondoneconomic.com

muelltonne ( muelltonne@feddit.org )  to Europe@feddit.orgEnglish · 7 months ago
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  • unitedkingdom@feddit.uk
A decade on, the economic cost of Brexit has just been laid bare – and it’s devastating. Here's what the figures say.
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  • copacetic ( copacetic@discuss.tchncs.de ) 
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    7 months ago

    This leaves Britain as a rare modern case study: a rich country that deliberately raised barriers to trade and cooperation and paid the price.

    I’m not convinced yet. Please, would another country with an even bigger GDP deliberately raise barriers to trade and cooperation?

  • jjjalljs ( jjjalljs@ttrpg.network ) 
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    7 months ago

    Why aren’t the pro-brexit people being shamed? Stripped of their wealth and made to spend the rest of their miserable lives doing community service?

    • SaveTheTuaHawk ( SaveTheTuaHawk@lemmy.ca ) 
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      7 months ago

      uh, because it was a referendum of the people and 17 million xenophobic idiots voted for it.

      • akfdmfckwrl ( akfdmfckwrl@feddit.dk ) 
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        7 months ago

        If enough people do something wrong, it becomes right.

        • Scrollone ( Scrollone@feddit.it ) 
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          7 months ago

          That sounds like some justification right out of the Nuremberg trial.

          • akfdmfckwrl ( akfdmfckwrl@feddit.dk ) 
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            7 months ago

            I’m not defending that way of thinking, it just seems to be what often happens.

            As an example, it took a lot of work to limit secondhand smoking in my country. I remember in the 90’s when cars and houses were sometimes thick with smoke, even with kids present, and even though people already knew the risks of secondhand smoking. People thought it was bullshit that they weren’t allowed to smoke inside bars and restaurants, on the train or while waiting for public transport. Everyone knew that it was wrong to subject other people to secondhand smoke but to a lot of people it was just the way of life, and therefore right.

            I can’t even remember the last time I saw someone smoke in public, and I think most people would consider it unacceptable to smoke around children, but it has taken decades to get to this point.

      • turboSnail ( turboSnail@piefed.europe.pub ) 
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        7 months ago

        I’m beginning to think there is a problem with democracy.

      • WolfmanEightySix ( WolfmanEightySix@piefed.social ) 
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        7 months ago

        17 million voters of 60 something million voted for it. The other quarter or so of the population that voted, voted Remain. And on the basis of that quarter of the population that voted, we left. It’s ridiculous, embarrassing, stupid as shooting yourself in the foot.

    • gajustempus ( gajustempus@feddit.org ) 
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      7 months ago

      I guess because most of them have taken their cash and moved away (like this Dyson guy for example)

      • MrSulu ( MrSulu@lemmy.ml ) 
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        7 months ago

        You accidentally spelled “this twat guy…” wrong ;-)

    • jenesaisquoi ( jenesaisquoi@feddit.org ) 
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      7 months ago

      The people too lazy to vote for remain also deserve some of the blame

  • ObscureOtter ( ObscureOtter@piefed.ca ) 
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    7 months ago

    For a decade, Brexit’s defenders have insisted the warnings were exaggerated and the pain temporary. The latest evidence shows the opposite. Brexit hasn’t been a one-off hit followed by recovery – it has quietly, relentlessly drained the UK economy year after year.

    The headline numbers are brutal. UK GDP is now 6–8 per cent smaller than it would have been by 2025 – worse than forecast, not better. That is a permanent loss of national income, not a blip.

    Investment has collapsed. UK business investment is 18 per cent lower than in comparable economies, as firms put money on hold or moved it elsewhere. Employment and productivity are both around 4 per cent lower, locking in weaker wage growth and lower living standards.

  • IratePirate ( IratePirate@feddit.org ) 
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    7 months ago

    Right.

    So HOW IN FUCK’S NAME is it that Nigel Farage and his party are leading the polls? You know, the very same Nigel Farage who was pushing the lie and admitted on television the very morning after the referendum that it was a lie?! Help me make sense of this, dear UK!

    • Teppichbrand ( Teppichbrand@feddit.org ) 
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      7 months ago

      Truth is we’re all screeching baboons. We just covered our asses with garment. We’re generous and caring in small groups but incredible stupid and distrustful in large numbers.

    • Goldholz  ( Goldholz@lemmy.blahaj.zone ) 
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      7 months ago

      “Democracy is by the people, for the people.but the people are retarded”

    • Blackmist ( Blackmist@feddit.uk ) 
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      7 months ago

      Because don’t you know that boat people are the cause of all our problems, and we’ll be able to save the NHS only if we lower taxes, and if only we got right of the Human Rights Act, we’d be able to save the sainted homeless veterans.

  • atro_city ( atro_city@fedia.io ) 
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    7 months ago

    But the rich are getting richer, and that was the plan all along!

  • Tollana1234567 ( Tollana1234567@lemmy.today ) 
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    7 months ago

    maybe next time dont listen to russian propaganda.

    • Matty Roses ( mattyroses@lemmy.today ) 
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      7 months ago

      Removed by mod

      • Goldholz  ( Goldholz@lemmy.blahaj.zone ) 
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        7 months ago

        Maybe russia should stop being the bad guy. Easy as that

      • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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        deleted by creator

        • Matty Roses ( mattyroses@lemmy.today ) 
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          7 months ago

          Lol what? You think that because Russia spread some money around Brexit only exists because of Russia?

          It’s like the idiots in the US that ignore 70 million people voted for Trump, and want to pretend the only reason for that is that Russia spent $100,000 on Facebook ads. Because they don’t want to address the actual problems that’s destroying their societies. Much easier to just claim it’s all Putler or something.

          • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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            deleted by creator

          • yetAnotherUser ( yetAnotherUser@discuss.tchncs.de ) 
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            7 months ago

            Why did Russia bother doing anything if it would’ve happened regardless apparently?

            • Matty Roses ( mattyroses@lemmy.today ) 
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              7 months ago

              To aid it and make it worse?

              The West pretty much showed to Russia in the 1990s and 2000s that it was going to consider international relations a zero sum game. So Russia is of course going to work to make the problems the US and UK have worse, as the US has done with Russia.

              • yetAnotherUser ( yetAnotherUser@discuss.tchncs.de ) 
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                7 months ago

                But once you worsen a problem enough, you are the primary cause.

                Conspiracy nuts are harmless until their opinions become more widespread. The root cause is social media illiteracy but if you have nation states acting as fire accelerants every single sparking wire can result in an inferno.

                Oh, and this didn’t even start in the 90s. The Soviets didn’t spread HIV conspiracy theories for fun and games.

  • MrSulu ( MrSulu@lemmy.ml ) 
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    7 months ago

    Farage and similar colleagues will no doubt maintain that this is all down to a few impoverished people on boats. Indeed, he’s looking to weaken equality right. So clearly, it was the UK women too.

    • IchNichtenLichten ( IchNichtenLichten@lemmy.wtf ) 
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      The problem with the pro-Brexit crowd is that they’ll never admit fault. The reason Brexit isn’t a huge success is down to their own personal vision of Brexit not being implemented, not because the idea was fucking delusional to begin with.

  • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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    deleted by creator

    • imrighthere ( imrighthere@lemmy.ca ) 
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      7 months ago

      Who are you going to tell it to, the people who were already stupid enough to yeet themselves out of the EU ?

      • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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        deleted by creator

    • Kissaki ( Kissaki@feddit.org ) 
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      7 months ago

      Is the propaganda about this still there? Or just not a topic anymore in general?

      • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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        deleted by creator

    • WolfmanEightySix ( WolfmanEightySix@piefed.social ) 
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      7 months ago

      The people you want to tell say “Brexit wasn’t done properly”.

      The same people, probably, that say Corbyn would have ruined the economy, and when pushed say “well it’s obvious isn’t it”.

    • atropa ( atropa@piefed.social ) 
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      deleted by creator

      • _Nico198X_ ( _Nico198X_@piefed.europe.pub ) 
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        deleted by creator

  • Goldholz  ( Goldholz@lemmy.blahaj.zone ) 
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    7 months ago

    Yeah no shit sherlock

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