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Brexit cost will be four times greater for UK than EU

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    Brexit cost will be four times greater for UK than EU

    "Departure to cost EU 0.5% of GDP but UK 2.25% by end 2022, according to first official estimate since deal was agreed

    The economic blow dealt by Brexit will be four times greater in the UK than the EU, according to the latest forecasts by Brussels.

    A month into the new relationship, the European commission said the UK’s exit on the terms agreed by Boris Johnson’s government would generate a loss in gross domestic product (GDP) by the end of 2022 of about 2.25% in the UK compared with continued membership. In contrast, the hit for the EU is estimated to be about 0.5% over the same period.

    Equivalent to lost economic output worth more than £40bn over two years, the commission said that although worse damage had been avoided thanks to the 11th-hour trade deal signed in December, substantial barriers to trade still remained and would come with a heavier cost for Britain."

    Brexit cost will be four times greater for UK than EU, Brussels forecasts | Brexit | The Guardian

    WGAS - British fish are happier fish now!

    #2
    Yes but blue passports are making british people 2.25% happier so that evens it out

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      #3
      We will never know for certain. Impossible to isolate from covid.

      Comment


        #4
        Originally posted by jayn200 View Post
        We will never know for certain. Impossible to isolate from covid.
        This is the excuse the brexiteers will keep using, even though the economy shrunk more than most of Europe and bounced back less than the rest of Europe

        Comment


          #5
          Originally posted by jayn200 View Post
          We will never know for certain. Impossible to isolate from covid.
          wasn't there covid in the EU?

          Comment


            #6
            Originally posted by Eirikur View Post
            This is the excuse the brexiteers will keep using, even though the economy shrunk more than most of Europe and bounced back less than the rest of Europe
            Brexidiots will always have an excuse because they are too scared/dumb to face up to the reality of their failed project.
            I am what I drink, and I'm a bitter man

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              #7
              Originally posted by Whorty View Post
              Brexidiots will always have an excuse because they are too scared/dumb to face up to the reality of their failed project.
              Or simply deluded.
              Down with racism. Long live miscegenation!

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                #8
                Originally posted by jayn200 View Post
                We will never know for certain. Impossible to isolate from covid.
                Brexit, just like Covid is with us forever...

                Comment


                  #9
                  Originally posted by AtW View Post
                  Brexit, just like Covid is with us forever...
                  and an equal amount of benefit.....
                  See You Next Tuesday

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                    #10
                    Originally posted by PCTNN View Post
                    wasn't there covid in the EU?
                    Yes absolutely but still impossible to isolate, you will see country to country variation in GDP drop and subsequent recovery will be quite wide. So you won't be able to isolate it.

                    I am as anti brexit as someone can get btw. I think it's horrible and the single worst policy or whatever a country has ever implemented that has impacted me personally.

                    Just saying the actual impact will be argued for years and you will see a very wide range of estimates.

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