Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study

Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study

The latest such assessment comes in the form of a paper from the US-based National Bureau of Economic Research (NBER). This concludes that Brexit has reduced UK GDP by 6pc to 8pc, far more than most previous estimates.

Investment is worse off by between 12pc and 18pc, employment by between 3pc and 4pc, and productivity also by between 3pc and 4pc. There have been few more devastating assessments than this.

  • maplesaga@lemmy.worldEnglish
    29·
    20 hours ago

    People that would love every country to join the EU in harmony, do you not fear in the slightest a whole world government?

    Do you not fear losing municipal sovereignty?

    • frongt@lemmy.zipEnglish
      1·
      8 hours ago

      Why would having a world government mean losing municipal sovereignty? In the US, we have a federal government, but still state and city governments. In the EU, countries still have sovereignty.

    • funkless_eck@sh.itjust.worksEnglish
      4·
      19 hours ago

      we are so far from a one world government that this is a very silly concern. Even if every country between the US, Russia and Egypt joined.

      There are so many exceptions, exclusions, considerations that its not even equal to a one-European-Government.

      • ChickenLadyLovesLife@lemmy.worldEnglish
        1·
        11 hours ago

        I had a friend in college whose parents were big into world government and had founded an organization to promote that. Talking to them was a weird experience because 1) they felt every problem facing the world could be solved by a one-world government, and 2) they actually felt achieving that world government was a realistic possibility. And it wasn’t like they thought the solution was just the USA taking over everything; they were very critical of everything about this country.

        I don’t know if this is irony or not, but that friend is now worth $34 million after her parents’ company went public. She doesn’t say anything about world government any more.

    • dogs0n@sh.itjust.worksEnglish
      3·
      19 hours ago

      The UK, while in the EU still rejected a lot of ideas/rules by not following them (as far as I’m aware).

      I dunno if that’s something each country can do when it’s not a core principal they are denying. They probably got away with it just because they are a big economic force, they can do whatever they like.

      A country being in the EU doesn’t change its local laws and stuff though, each can still have their own weird rules. I guess they can’t override EU rules though.

      I know 0 about this tho so these are opinions basically ;(