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Trusted Social Butterfly
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Brexit Has Already Cost the U.K.

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Brexit is yet another example illustrating that Trump Cult members do NOT understand economics. Remember when they vehemently supported the Brexit vote to leave the EEU?

 

It was the same with the TPP, which they regularly booed during Trump's campaign speeches. They are so ignorant, they don't even know what TPP stands for, let alone what it is. There's no cure for stupid, which explains why they voted for and continue to support their hero in the White House. Trump's next goal is a global trade war.

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Valued Social Butterfly
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Brexit Has Already Cost the U.K.

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https://www.bloomberg.com/news/articles/2018-06-22/u-k-brexit-hit-already-exceeds-eu-budget-payments...

 

Brexit Has Already Cost the U.K. More than Its EU Budget Payments, Study Shows

 

 

The damage to the U.K. economy caused by the vote to leave the European Union two years ago already exceeds the size of the budget contributions Britain will be able to claw back when it finally leaves the bloc, according to an economic study by the Centre for European Reform.

 
 

Uncertainty caused by Brexit has already caused a 2.1 percent dip in economic output, even before Britain’s departure next March, the CER said late Friday in an emailed statement. That’s cost the public finances 23 billion pounds ($30 billion) in lost tax revenue, the think tank said.

 
 

The economic damage means the Treasury has less money to spend on public services, and knocks on the head the idea that Britain will enjoy a “Brexit dividend” when it no longer has to contribute to the European budget, it said.

 
 
 

“Two years on from the referendum, we now know that the Brexit vote has seriously damaged the economy,” said CER Deputy Director John Springford, who authored the study. “We know that the government’s Brexit dividend is a myth: the vote is costing the Treasury 440 million pounds a week, far more than the U.K. ever contributed to the EU budget.”

 

 

Yeah but the Romanians, the Poles  

 

Hate is expensive 

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