$170 Billion and Counting: The Cost of Brexit for the U.K.

[tuga]

$170 Billion and Counting: The Cost of Brexit for the U.K.
By
Fergal O'Brien
10 January 2020, 09:44 GMT

U.K. Prime Minister Boris Johnson wants to “unleash Britain’s potential.” First the economy has to catch back up with the rest of the world.

Research by Bloomberg Economics estimates that the economic cost of Brexit has already hit 130 billion pounds ($170 billion), with a further 70 billion pounds set to be added by the end of this year. That’s based on the damage caused by the U.K. untethering from its Group of Seven peers over the past three years.

Collateral Damage
Brexit has already cost the U.K. economy £130 billion, and there’s more to come

https://www.bloomberg.com/news/arti...n-and-counting-the-cost-of-brexit-for-the-u-k

 

[Rcook]

Rubbish. But if it has cost that, it will be worth every penny.

 

[jackbarron]

Rubbish. But if it has cost that, it will be worth every penny.

Mug.

Jack

 

[tuga]

Rubbish. But if it has cost that, it will be worth every penny.

Will you pay for it?

 

[misterdog]

First the economy has to catch back up with the rest of the world.

So Germany had GDP growth of
0.1 percent in the third quarter of 2019

https://tradingeconomics.com/germany/gdp-growth

While the UK had.
Britain's quarterly economic growth was revised slightly higher to 0.4 percent in the third quarter of 2019

https://tradingeconomics.com/united-kingdom/gdp-growth

Lies damm lies and statistics you gotta love em.

 

[tuga]

So Germany had GDP growth of
0.1 percent in the third quarter of 2019

https://tradingeconomics.com/germany/gdp-growth

While the UK had.
Britain's quarterly economic growth was revised slightly higher to 0.4 percent in the third quarter of 2019

https://tradingeconomics.com/united-kingdom/gdp-growth

Lies damm lies and statistics you gotta love em.

What are you talking about?

 

[Joe]

What are you talking about?

Something that you clearly don't understand.

 

[myles]

Will you pay for it?

Will you?

 

[tuga]

Will you?

Apparently yes.

 

[myles]

Apparently yes.

How?

 

[tuga]

Something that you clearly don't understand.

Clearly.

 

[misterdog]

That’s based on the damage caused by the U.K. untethering from its Group of Seven peers over the past three years.

The damage has been caused by the political impotence to implement a decision.

Business confidence and hence investment has been non existent for the last 3 years.

 

[misterdog]

First the economy has to catch back up with the rest of the world.

What are you talking about?

Quote from your OP ?

 

[tuga]

How?

Increased taxes, worse public services, increased prices for necessity goods and utilities, et cetera...

 

[tuga]

Quote from your OP ?

Did you miss the part about the amount already wasted, to date, on Brexit?

 

[misterdog]

Did you miss the part about the amount already wasted, to date, on Brexit?

No.

 

[tuga]

No.

It's not too far from the national debt of a small country like Portugal.

Doesn't that worry you?

 

[peter bj]

Not good news for sure , never mind Boris will get Brexit done and all will be well lol

 

[TheDecameron]

Business confidence and hence investment has been non existent for the last 3 years.

What’s your prediction for year 4? ..now we’re certain to be leaving?

 

[misterdog]

It's not too far from the national debt of a small country like Portugal.

Doesn't that worry you?

How does it it compare to Nigeria or Eritrea though ?
Portugal is the 42nd largest economy in the world how that relates to the UK I have no idea.

The political and national impotence in implementing a decision is what has cost most of the money.
Money markets and business hate indecision.

If your point is wasted money then what could the EU do with this.

https://www.euronews.com/2019/05/20...g-a-waste-of-money-but-will-it-ever-be-scrapp