1. Visiting from the US? Why not try DIYnot.US instead? Click here to continue to DIYnot.US.
    Dismiss Notice

Cost of Brexit to GDP will be more than our payments by the end of the year

Discussion in 'General Discussion' started by SirGalahad, 15 Jan 2020.

  1. SirGalahad

    SirGalahad

    Joined:
    1 Apr 2016
    Messages:
    11,416
    Thanks Received:
    376
    Country:
    United Kingdom
    https://www.bloomberg.com/news/arti...n-and-counting-the-cost-of-brexit-for-the-u-k

    Research by Bloomberg Economics estimates that the economic cost of Brexit has already hit 130 billion pounds ($170 billion), with a further 70 billion pounds set to be added by the end of this year. That’s based on the damage caused by the U.K. untethering from its Group of Seven peers over the past three years.

    While growth globally has also cooled in recent years, the analysis by Bloomberg Economics shows the U.K. has still lagged. There is a strong historic correlation between the U.K. and G-7 countries. But they have been diverging since the vote to leave the EU, with the British economy now 3% smaller than it could have been had the relationship been maintained.

    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.

    https://brexit.hypotheses.org/files/2017/01/Budget-et-contrib.pdf

    :ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO:

    Brexit Sunlit Uplands.
     
  2. Sponsored Links
  3. ellal

    ellal

    Joined:
    23 May 2004
    Messages:
    12,308
    Thanks Received:
    249
    Country:
    United Kingdom
    Or to put it more succinctly...

    UK GDP Growth

    2014 Fastest GDP growth in G7
    2015 2nd fastest GDP growth in G7
    2016 Fastest GDP growth in G7
    (Whilst in the EU)

    Then there was a referendum that went the way of leave.

    Oops...

    2017 Second slowest GDP growth in G7. 27th out of 28 in the EU
    2018 Slowest GDP growth for 6 years. 24th out of 28 in the EU
    2019 Slowest GDP growth for 9 years
     
  4. transam

    transam

    Joined:
    20 Nov 2009
    Messages:
    31,176
    Thanks Received:
    3,704
    Location:
    Surrey
    Country:
    United Kingdom
    :rolleyes:

    well thats cleared that up then

    who are Bloomberg economics :confused:
     
  5. fillyboy

    fillyboy

    Joined:
    2 Jul 2019
    Messages:
    7,213
    Thanks Received:
    627
    Location:
    cornwall
    Country:
    United Kingdom
  6. Notch7

    Notch7

    Joined:
    15 Sep 2017
    Messages:
    25,251
    Thanks Received:
    1,789
    Location:
    S. Uplands
    Country:
    United Kingdom
  7. fillyboy

    fillyboy

    Joined:
    2 Jul 2019
    Messages:
    7,213
    Thanks Received:
    627
    Location:
    cornwall
    Country:
    United Kingdom
    You will have noted that we're not in 28th position though, and that 'forecasts' tend to be just that.
     
  8. IT Minion

    IT Minion

    Joined:
    28 Jul 2018
    Messages:
    4,412
    Thanks Received:
    297
    Country:
    United Kingdom
    They're one of the bigger news sources out there. Mostly finance oriented and US based but they're a world wide organisation. Started out of the need for Wall street to have up to date info about things.
     
    • Thanks Thanks x 1
  9. Mottie

    Mottie

    Joined:
    27 Feb 2017
    Messages:
    18,816
    Thanks Received:
    1,886
    Location:
    Essexshire
    Country:
    United Kingdom
    Funnily enough, when most people move out of a rented house and buy their own house that they have complete control over, the first year costs are a lot higher than their last years rent too. It’s expected and comes as no shock. All works out in the end though. (y)
     
  10. Sponsored Links
  11. JohnD

    JohnD

    Joined:
    15 Nov 2005
    Messages:
    74,211
    Thanks Received:
    4,284
    Location:
    Crossgates, Europe
    Country:
    Cook Islands
    but since the UK is not moving out of a rented house, your analogy is irrelevant.
     
  12. Mottie

    Mottie

    Joined:
    27 Feb 2017
    Messages:
    18,816
    Thanks Received:
    1,886
    Location:
    Essexshire
    Country:
    United Kingdom
    We are moving out of a rented house run by a greedy management company with lazy, poncing, sitting tenants who pay less rent than us and are always raiding our fridge and not a moment too soon.
     
    • Thanks Thanks x 1
  13. IT Minion

    IT Minion

    Joined:
    28 Jul 2018
    Messages:
    4,412
    Thanks Received:
    297
    Country:
    United Kingdom
    It's an ironic analogy given how many of the top Tories have buy to let property empires. :rolleyes:
     
    • Like Like x 1
  14. JohnD

    JohnD

    Joined:
    15 Nov 2005
    Messages:
    74,211
    Thanks Received:
    4,284
    Location:
    Crossgates, Europe
    Country:
    Cook Islands
    good for you.

    but nothing to do with brexit.
     
  15. transam

    transam

    Joined:
    20 Nov 2009
    Messages:
    31,176
    Thanks Received:
    3,704
    Location:
    Surrey
    Country:
    United Kingdom
    Dare say the lazy. Management company and tenants raiding the fridge are remoaners ;)

    And corbyn supporters :idea:
     
    • Like Like x 1
  16. JohnD

    JohnD

    Joined:
    15 Nov 2005
    Messages:
    74,211
    Thanks Received:
    4,284
    Location:
    Crossgates, Europe
    Country:
    Cook Islands
    more pointless.

    waffle from. tran. sAM
     
    • Like Like x 2
  17. transam

    transam

    Joined:
    20 Nov 2009
    Messages:
    31,176
    Thanks Received:
    3,704
    Location:
    Surrey
    Country:
    United Kingdom
    :rolleyes:

    I disagree :cool:
     
Loading...

Share This Page