Skip to comments.Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together
Posted on 01/15/2020 4:20:15 AM PST by Cronos
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
(Excerpt) Read more at businessinsider.com ...
Freedom ain’t cheap.
Consider it an investment.
Research by Bloomberg....
Say no more.
worth every penny of it to buy their soul back.
I like the statue the Finns built when they had finally paid off the onerous payments the Soviets inflicted on them:
“We are naked, but we are free.”
Brexit is likely to have cost the UK more than £200 billion in lost economic growth by the end of this year...
That’s kinda like saying I lost 20,000 this past year in salary by switching to a career that offered much better long term growth and opportunity.
i NEVER had the 20,000 extra.
I didn’t lose it.
Now I just hope that I dont get fired from this made up situation job!! :)
but....... the UK will no longer be afflicted with the EU plague
Chemo is expensive but it rids one of cancer
England has been paying the EUSSR for 47 years????
Business STUFF is at it again.
Do they ever offer business advice?
So says one world Bloomberg. Pass.
Thats because its not a clean brexit. The current deal has them following all the eco and labor regs.
Freedom aint cheap.
Business Insider is a leftist publication.
Bloomberg this Leftist Globalist rag with Pure propaganda spin.
More Pure Modeling lies from Globalist Mini Me trying to scare the serf . It is time to shut down this LIE machine . Suckers believe it or EU trolls use it to spread there lies .
They will spend 2020 continuing to operate under all the EU restrictions, and uncertainty over the final deal will continue to induce businesses to defer investment plans.
Come 2021, though, the uncertainty will be over, and they will be free of EU regs.
One fake news rag using another fake news rag’s “research”.
In other news, Amerexit (aka the American Revolutionary War) from the British Empire will have cost the American colonies more than 150 years of tax payments to the Crown in a single year, as economic growth is throttled by punitive British restrictions on trade with the rebellious and newly independent colonies.
Right! Pay now or pay WAY MORE later.
'Course, last year we had our 40th high school reunion. Something doesn't sound right about that, either.
What price Sovereignty.
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