Independent: UK economy loses £33bn due to Brexit

The UK's exit from the European Union had a significant impact on its economy - the losses were much greater than previously thought.

According to The Independent, a study by the Center for European Reform found that as of June 2022, British GDP was 5,5% less than it would be if the country had not left the EU. Economic losses amounted to 33 billion pounds. Losses were caused by lost markets and EU investments.

According to analysts, if Brexit had not taken place, by mid-2022, UK GDP could be 5.5% more than it is at present. This would be driven by higher levels of foreign trade and investment in the British economy.

Since the 2016 Brexit plebiscite, investment in the UK has declined significantly, slowing growth and reducing productivity in the UK economy.

The Office of Fiscal Responsibility estimates that over 15 years, Brexit will cut GDP by 4%, shrinking the economy by around £100bn.

At the same time, the UK authorities reject the disappointing forecasts of the future impact of Brexit on economic development obtained during the study.

Comments

[Invoce]

I support the British government! I suggest that they still withdraw from the WTO and from wherever else! Maybe from NATO?
What to take from a state that lived for centuries by plundering colonies and in whose power, with enviable regularity, people find themselves ... From DOWNning Street

[for]

Quote: Invoce

I suggest that they still withdraw from the WTO and from somewhere else

You better offer it to ours.

[Trapp1st]

You better offer it to ours.

Ours, without any offers, reached 300 lards of eternal green.

[Bolt cutter]

In the case of non-Brexit, all of Kyiv and half of Lviv would now move here And in essence, Brexit saved the welfare and healthcare systems from collapse. And the money saved would go to benefits for the Romanians.
It is worth noting that Britain was the second donor of the EU budget after Germany - 50 billion a year.

[Thrifty]

Bolt cutters, do you have few migrants there, especially from the Middle East? Do you still need herds of kostrule-bearers, and all sorts of Nazi-nationalists?

[Bolt cutter]

Do you have few migrants there, especially from the Middle East?

By the way, many of them arrived under the EU having received documents in Greece or Italy. And then, as Greeks and Italians, they came here to strengthen the diaspora. Well, suck benefits. And for Ukrainians, now there are signs at the Eurostar terminals in Paris and Amsterdam (in Russian ) informing Svidomo Europeans that a visa is required to enter England. Something like this.

[Doccor18]

UK economy lost £33bn due to Brexit

Not so much. Thought it would be worse.

Quote: Bolt Cutter

in essence, Brexit saved the welfare and health care systems from collapse. And the money saved would go to benefits for the Romanians.

Exactly...

[Bolt cutter]

Not so much.

Taking into account the savings on contributions and benefits, they also turned out to be a plus.

[Thrifty]

We don’t care about their loss? The worse things are for a potential enemy, the more likely they are to rock their economy over time and ruin Britain from the inside!

[far diu]

Britain did the right thing. Firstly, now they do not need to listen to Brussels, and secondly, the future of the EU is doubtful.

[Old Horseradish]

Will the 300 lards that were given to the West console the poor English?

[for]

UK lost £33bn

I think that ours partially compensated for this loss.

[Ghost1]

But there is money for weapons for Ukraine, no economic problems interfere with them.

[YOUR]

We need to be concerned about this. I'm more worried about the 300 billion that they stole from us. They covered their losses tenfold.

[Ulan.1812]

Few, hopefully more.

[Junkman George]

Too funny, between covid, and NWO upperclass twits for politicians, they are now trying to sell Brexit, to the peons, as the cause of their every stupid move since 2019.