• Tenebris Nox@feddit.uk
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    1 day ago

    Just imagine what could be done with the TRILLIONS that’ll be lost when Farage and his chums get elected!

  • NoneOfUrBusiness@fedia.io
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    2 days ago

    Of course, realistically those billions would’ve gone to stuff other than making NHS waiting lists disappear, because quality of healthcare in developed countries is a matter of political will rather than funds.

  • deHaga@feddit.uk
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    2 days ago

    Nick Bloom, a professor at Stanford University, said up to 8 per cent of GDP was wiped off the UK economy by leaving

    Bullshit

    • Natanael@infosec.pub
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      2 days ago

      That chart also doesn’t show misdirected spending where your GDP is used inefficiently

        • Natanael@infosec.pub
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          16 hours ago

          It’s quite another thing when you’re paying a ton more fees on imports, paying more for less in industries where foreign workers stopped coming, etc.

          • deHaga@feddit.uk
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            15 hours ago

            Not really. Our economy is 80% services. High margin, high value, and low carbon.

            • Natanael@infosec.pub
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              13 hours ago

              And suffocating your exports as a part of it. Your leadership is obsessed with natural gas, pretending it’s cheaper than renewables (blatantly false). Your national security laws are unhinged enough to threaten export of IT related services due to the jurisdiction. Your creative industry can’t reach into EU as easily anymore, many artists don’t tour internationally anymore.

              https://www.bbc.com/news/articles/cyv0m164m84o

              The numbers range from about 3% to 8%. “The fact that it is harder to trade with the EU is about half the hit, in line with previous forecasts,” says lead author of the NBER research, Nick Bloom.

              He attributes the rest to the consequences of what at times felt like near-nightly political meltdown during the Brexit negotiations. "The other half is the uncertainty from the fact the Brexit process itself was such an enormous mess… We can never get that second 4% back

              https://www.nber.org/papers/w34459

              We estimate that investment was reduced by 12% to 13%, employment by 3% to 4% and productivity by 3% to 4%. These negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process

              https://consoc.org.uk/wp-content/uploads/2025/06/The-Economic-Impact-of-Brexit.pdf

              Considering all of the evidence, the consensus view – that Brexit’s economic impact would be negative and large – has been borne out. The 2019-2024 parliament raised taxes by around £100 billion, and if we take the OBR’s 4 per cent loss of productivity to be the true figure, £40 billion of those tax rises were needed because of EU withdrawal.

              https://warwick.ac.uk/fac/soc/economics/news/2026/6/new_research_maps_the_regional_cost_of_brexit_uk_levelled_down_not_levelled_up/

              • deHaga@feddit.uk
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                5 hours ago

                Using a synthetic control approach, the researchers compare each UK area’s actual economic path with a data-driven counterfactual: how that area might have evolved had Brexit not happened.

                Synthetic counter factuals. Bullshit

                • Natanael@infosec.pub
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                  2 hours ago

                  Comparing growth rates and showing UK fell behind is perfectly valid and you’re still ignoring the imposed costs and proof of harmed industries