by 2025 brexit has
1) reduced Uk gdp by 6% to 8%
2) reduced investment by between 12% and 18%
3) reduced employment by 3% to 4%
4) reduced productivity by 3% to 4%
this is a key factor in why Labour govt are having to increase taxes to meet the cost of public services, it also is a key reason why economy is flatlining
but no doubt the right wingers on here who voted for Boris Johnson will carry on blaming Labour for the current situation
This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016.Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts – providing a rare macro example to complement the burgeoning microliterature of social science predictions – shows that these forecasts were accurate over a 5-yearhorizon, but they underestimated the impact over a decade.
source here
www.nber.org
pdf download of actual report here
background of National Bureau of Economic research here
mediabiasfactcheck.com
The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan organization that investigates and analyzes economic issues. NBER makes its research findings available to the public, academics, and decision makers in both public and private sectors through its working papers and scholarly conferences. 1
The National Bureau of Economic Research was founded in 1920 in New York City and is now headquartered in Cambridge, Massachusetts. The NBER maintains a network of over 1,700 economists, many of whom hold appointments at North American colleges and universities. 1
www.influencewatch.org
1) reduced Uk gdp by 6% to 8%
2) reduced investment by between 12% and 18%
3) reduced employment by 3% to 4%
4) reduced productivity by 3% to 4%
this is a key factor in why Labour govt are having to increase taxes to meet the cost of public services, it also is a key reason why economy is flatlining
but no doubt the right wingers on here who voted for Boris Johnson will carry on blaming Labour for the current situation
This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016.Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts – providing a rare macro example to complement the burgeoning microliterature of social science predictions – shows that these forecasts were accurate over a 5-yearhorizon, but they underestimated the impact over a decade.
source here
National Bureau of Economic Research
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.
pdf download of actual report here
background of National Bureau of Economic research here
National Bureau of Economic Research (NBER) - Bias and Credibility
LEAST BIASED These sources have minimal bias and use very few loaded words (wording that attempts to influence an audience by using appeal to emotion or
mediabiasfactcheck.com
The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan organization that investigates and analyzes economic issues. NBER makes its research findings available to the public, academics, and decision makers in both public and private sectors through its working papers and scholarly conferences. 1
The National Bureau of Economic Research was founded in 1920 in New York City and is now headquartered in Cambridge, Massachusetts. The NBER maintains a network of over 1,700 economists, many of whom hold appointments at North American colleges and universities. 1
National Bureau of Economic Research (NBER) - InfluenceWatch
The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan organization that investigates and analyzes economic issues. NBER makes its research findings available to the public, academics, and decision makers in both public and private sectors through its working papers...
www.influencewatch.org
