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 ...
Exactly, and how is this “loss of growth” quantifiable if there is no past experience with an exit from the EU?
The so called experts have been wrong (on just about everything) more than the 50% one would believe based on pure chance.
I believe I will wait and see what actually happens the first year or 2 after the entire Brexit is completed.
Hmmm, 2020 - 1993 = 27 years. LOL.
No, what’s costing a lot of money is the EU quislings fight to prevent Brexit.
Why is divorce so expensive? Because it’s worth it.
BI - another leftist tool read no further .
For someone who claims to have had brain issues, you are really quite sharp and adept.
Praise God!
Well said!
Going forward, the British Pound will be known as the 12 ounces.
The article really really wants to convince us that leaving a corrupt collection of bureaucrats who have never created anything and never will is a bad thing.
The UK will do fine.
That is, IF they kick out a certain collection of folks.
The EU makes it very difficult to leave. Other things that punish you for leaving: the soviet union, east germany, cuba, north korea, islam.
Just like the Mafia. Once you’re in, good luck getting out.
I suspect the dropoff in investment in Brittany has more to do with the open defiance of the Government to brexit showing the prevalence of the swamp and the conversion to Londonstan of their capital.
Not a good investment environment.
it’s more due to the changes they need to incorporate.
Pointless crap article written by people who are projecting out numbers that can’t possibly be known.
Remoaner sabotage has indeed cost the U.K. quite a bit. The version of Brexit the Parliament passed is only a half way house really but at least it’s a significant step toward regaining their full sovereignty. The U.K. will largely escape the coming catastrophe when the EU inevitably collapses.
If Britain expels all those filthy ragheads, they will get the aforementioned monies back tenfold.
If you love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, suck up to your Euroweenie overlords. We ask not your counsels or arms. Or your commerce. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our former countrymen.
Apologies to Sam Adams.
Just submit to the Force.
Do not pay the EU a dime.
Demand the EU pay $50 billion reparation.
You do not deal with criminal, unelected groups.
Globalists are pirates like the EU.
According to Bloomberg,
FAKE NEWS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.