• ZkhqrD5o@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    2 hours ago

    Who could have thought that separating yourself from one of the top 3 economies in the world would have negative consequences?

  • copacetic@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    95
    ·
    14 hours ago

    This leaves Britain as a rare modern case study: a rich country that deliberately raised barriers to trade and cooperation and paid the price.

    I’m not convinced yet. Please, would another country with an even bigger GDP deliberately raise barriers to trade and cooperation?

  • saltesc@lemmy.world
    link
    fedilink
    English
    arrow-up
    71
    ·
    14 hours ago

    It is also a flashing red warning to any country flirting with economic nationalism, trade wars or the fantasy that sovereignty can replace integration.

    I don’t think any other country would be so stu-… Oh, wait a second.

  • jjjalljs@ttrpg.network
    link
    fedilink
    English
    arrow-up
    42
    ·
    13 hours ago

    Why aren’t the pro-brexit people being shamed? Stripped of their wealth and made to spend the rest of their miserable lives doing community service?

    • Reygle@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      7 hours ago

      I’ve been referring to supporters of such things as “having 2 brain cells fighting for 3rd place”, I may have overestimated.

  • ObscureOtter@piefed.ca
    link
    fedilink
    English
    arrow-up
    43
    ·
    14 hours ago

    For a decade, Brexit’s defenders have insisted the warnings were exaggerated and the pain temporary. The latest evidence shows the opposite. Brexit hasn’t been a one-off hit followed by recovery – it has quietly, relentlessly drained the UK economy year after year.

    The headline numbers are brutal. UK GDP is now 6–8 per cent smaller than it would have been by 2025 – worse than forecast, not better. That is a permanent loss of national income, not a blip.

    Investment has collapsed. UK business investment is 18 per cent lower than in comparable economies, as firms put money on hold or moved it elsewhere. Employment and productivity are both around 4 per cent lower, locking in weaker wage growth and lower living standards.

      • Th4tGuyII@fedia.io
        link
        fedilink
        arrow-up
        25
        ·
        13 hours ago

        Yup. Cause if policy born of nationalism and bigotry couldn’t solve our problems the first time around, surely we just weren’t using enough of it. /s

        It’s easier to blame immigrants and people on benefits for the problems in the economy, than realise the real problem is the leaches at the top sucking away every spare penny the working class makes.

        The landlords, the executives, the millionaires, the billionaires - where do people think their money comes from?

        Everything costs more, but not because it actually costs more to make - but because the profits must always go up to fuel the hoards of the wealthy.

          • craipz@feddit.org
            link
            fedilink
            English
            arrow-up
            6
            ·
            9 hours ago

            Because they symbolize the privatization of a basic human right. Because rent is a “poor peoples tax” - and most people are poor, all things considered. You get the gist. Also: For most people, renting isn’t an option - it’s the only option.

            • CAVOK@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              ·
              8 hours ago

              Yeah, if its the only option then it’s bad, but the convenience isn’t too be underestimated. I rented when I was in Uni, didn’t even consider buying at that point. Didn’t want to commit that much money to a city i didn’t know if I wanted to live in.

  • Nico198X@piefed.europe.pub
    link
    fedilink
    English
    arrow-up
    18
    ·
    13 hours ago

    why doesn’t anyone get on TV and tell the ppl this? why is there no concerted pushback against the propaganda?

  • MrSulu@lemmy.ml
    link
    fedilink
    English
    arrow-up
    19
    ·
    14 hours ago

    Farage and similar colleagues will no doubt maintain that this is all down to a few impoverished people on boats. Indeed, he’s looking to weaken equality right. So clearly, it was the UK women too.

    • IchNichtenLichten@lemmy.wtf
      link
      fedilink
      English
      arrow-up
      10
      ·
      edit-2
      13 hours ago

      The problem with the pro-Brexit crowd is that they’ll never admit fault. The reason Brexit isn’t a huge success is down to their own personal vision of Brexit not being implemented, not because the idea was fucking delusional to begin with.

    • MrSulu@lemmy.ml
      link
      fedilink
      English
      arrow-up
      2
      ·
      8 hours ago

      FFS, one of my favourite sketches perfectly sums up the Brexiteers.

  • Buffalox@lemmy.world
    link
    fedilink
    English
    arrow-up
    6
    ·
    14 hours ago

    I am shocked about how accurate my prediction was back before the election, I predicted that UK would lose about 1% per year over many years, if they voted Brexit.
    And here we are now 10 years after the vote, and 8 years after Brexit was effectuated, and the relative decline to non Brexit is estimated at 6-8%.

    If UK doesn’t manage a free trade agreement with EU, I suspect this will continue for another decade, possibly at a slightly lower rate.

    If UK does manage to get a good deal with EU, things will return to almost normal, but the investments that were lost this past decade will remain lost. So UK will continue from the lower level they are at now.

    • tal@lemmy.today
      link
      fedilink
      English
      arrow-up
      1
      ·
      2 hours ago

      If UK doesn’t manage a free trade agreement with EU

      The UK has an FTA with the EU, the TCA. It was negotiated as part of Brexit.

      https://en.wikipedia.org/wiki/EU–UK_Trade_and_Cooperation_Agreement

      The EU–UK Trade and Cooperation Agreement (TCA) is a free trade agreement signed on 30 December 2020, between the European Union (EU), the European Atomic Energy Community (Euratom), and the United Kingdom (UK). It provisionally applied[3][4] from 1 January 2021, when the Brexit transition period ended,[5] before formally entering into force on 1 May 2021, after the ratification processes on both sides were completed: the UK Parliament ratified on 30 December 2020;[6] the European Parliament and the Council of the European Union ratified in late April 2021.[2]