Thursday, January 16, 2020

Brexit can be costly

I can't say that I have been a fan of Brexit but I never imagined that it would cost England more than its contribution to the EU since 1973. Bloomberg Economics says that "Brexit is likely to have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure that almost eclipses the total amount the UK has paid (£215 billion) toward the European Union budget over the past 47 years." Plus, the numbers show that the UK's economic growth to lag behind that of other G7 countries since the 2016 vote.

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