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I dunno. Tim Pool said something. I listen to him daily.
like, who?
I dunno. Tim Pool said something. I listen to him daily.
like, if he wanted to talk about Germany, that would be fairly obvious but no
no comeback
$$$
~ -$40 billion/year
https://siepr.stanford.edu/publicati...-impact-brexitThis 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 ac ulating gradually over time. We estimate that investment was reduced by between 12% and 18%, 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 micro- literature of social science predictions – shows that these forecasts were accurate over a 5-year horizon, but they underestimated the impact over a decade.
there is an obvious answer
the UK can't reverse this trend without more immigration to the UK
Brexit was a big unforced L, even worse than expected
https://www.nber.org/papers/w34459This 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 ac ulating gradually over time. We estimate that investment was reduced by between 12% and 18%, 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 micro-literature of social science predictions – shows that these forecasts were accurate over a 5-year horizon, but they underestimated the impact over a decade.
https://uk.news.yahoo.com/starmer-br...113815102.htmlStarmer to bring back 76 EU laws
Sir Keir Starmer is set to bring 76 European Union directives back on to the UK statute book as the Government seeks closer alignment to the single market.
The Prime Minister will introduce new legislation in the King’s Speech in May to allow Labour to transfer swathes of European regulation covering the agriculture and food sectors.
The new bill will pave the way for a sector-wide trade deal with the EU, which would see the UK adopt reams of Brussels red tape covering areas such as food hygiene, organic pet food and even marmalade production.
Rachel Reeves set out plans last week to incorporate EU laws in key sectors into British law. Speaking at her Mais economic lecture, the Chancellor said the Government would seek closer alignment in the “national interest”.
Certain industries with “unique characteristics or strategic importance for the UK” would remain under British law, she explained, but that would be the “exception, not the norm”.
...
https://www.thelondoneconomic.com/po...the-eu-409084/Writing for The Observer, the Mayor of London cited recent opinion polls which show a swell of support for the UK to rejoin the EU, with the number of people still backing Brexit now dwindling noticeably. Young voters in particular are keen to ‘reverse’ Brexit.
The UK voted to leave the EU in June 2016, before officially withdrawing in January 2020. In the six years since the acrimonious split from our largest trading partner, it has been the furthest thing from success one could imagine – and those ‘sunlit uplands’ remain emphatically shaded.
Ahead of a major Parliamentary debate about Brexit’s economic impact next month, research materials made available to MPs outline the significant economic damage caused by the move. Some estimates state GDP is down 8%, with the OBR claiming trade has taken a whopping 15% hit.
With all this in mind, Sadiq Khan has gone in hard on the failed Brexit experiment. He has stated his desire for the UK to rejoin both the customs union AND the single market during the current Parliamentary term, and aim for full EU reintegration after the next election.
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