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Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together
Business Insider ^ | 14 Jan 2020 | Thomas Colson

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 ...


TOPICS: Foreign Affairs; United Kingdom
KEYWORDS: break; brexit; britain; eu; eubrexit; eubybye
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Good business opportunities once the UK leaves on Jan 31.
1 posted on 01/15/2020 4:20:15 AM PST by Cronos
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To: Cronos

Freedom ain’t cheap.


2 posted on 01/15/2020 4:21:12 AM PST by HighSierra5
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To: Cronos

Consider it an investment.


3 posted on 01/15/2020 4:23:04 AM PST by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
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To: Cronos

Research by Bloomberg....

Say no more.


4 posted on 01/15/2020 4:23:33 AM PST by mewzilla (Break out the mustard seeds.)
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To: Cronos

worth every penny of it to buy their soul back.


5 posted on 01/15/2020 4:24:01 AM PST by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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To: HighSierra5

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.”


6 posted on 01/15/2020 4:24:07 AM PST by CondorFlight
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To: CondorFlight

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!! :)


7 posted on 01/15/2020 4:27:26 AM PST by dp0622 (Radicals, racists Don't point fingers at me I'm a small town white boy Just tryin' to make ends meet)
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To: Cronos

but....... the UK will no longer be afflicted with the EU plague

Chemo is expensive but it rids one of cancer


8 posted on 01/15/2020 4:27:32 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: Cronos

England has been paying the EUSSR for 47 years????

Business STUFF is at it again.

Do they ever offer business advice?


9 posted on 01/15/2020 4:30:52 AM PST by a fool in paradise (Decade of decision for America)
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To: Cronos

So says one world Bloomberg. Pass.


10 posted on 01/15/2020 4:33:36 AM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Cronos

That’s because it’s not a clean brexit. The current deal has them following all the eco and labor regs.


11 posted on 01/15/2020 4:35:55 AM PST by fruser1
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To: HighSierra5

Freedom ain’t cheap.


Beat me to it. Even if this is true, that’s the bottom line here.


12 posted on 01/15/2020 4:40:15 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Cronos

Business Insider is a leftist publication.


13 posted on 01/15/2020 4:47:57 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: mewzilla
exactly .

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 .

14 posted on 01/15/2020 4:50:00 AM PST by ncalburt (Gop DC Globalists)
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To: fruser1
That’s because it’s not a clean brexit. The current deal has them following all the eco and labor regs.

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.

15 posted on 01/15/2020 4:50:04 AM PST by PapaBear3625 ("Those who can make you believe absurdities, can make you commit atrocities." -- Voltaire)
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To: Cronos

One fake news rag using another fake news rag’s “research”.


16 posted on 01/15/2020 4:50:54 AM PST by angmo
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To: Cronos

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.


17 posted on 01/15/2020 4:52:47 AM PST by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: HighSierra5

Right! Pay now or pay WAY MORE later.


18 posted on 01/15/2020 4:55:11 AM PST by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: Cronos
The Eeyew has been around for 47 years??? Something doesn't sound right about that.

'Course, last year we had our 40th high school reunion. Something doesn't sound right about that, either.

19 posted on 01/15/2020 4:55:46 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Cronos

What price Sovereignty.

(see Wall)


20 posted on 01/15/2020 4:56:17 AM PST by epluribus_2 (He, had the best mom - ever. my)
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