Are you pretty young? The narrative when it was happening was pretty catastrophic. I remember reading about people not being able to get prescriptions, for example, because no one knew how imports worked.
I don't know how things panned out, but the discussions in the early days around Brexit were absolutely on par or even worse than what we're seeing in these two days of discussions around tariffs.
Currently, Trump’s tariffs have kinda broken the stock markets, and caused some difficult-to-measure economic damage (investments will have been delayed or cancelled, that sort of thing). If, tomorrow, Trump chokes on a well-done steak, or Congress puts him back in his box (remember, his ability to do _anything_ with tariffs is entirely within the gift of Congress), or otherwise the tariffs go away, then the markets will pretty much spring back, and the economic hit will be small enough that it’s hard to measure.
While estimates of the damage done by Brexit are of course very politically sensitive, nearly everyone agrees that some substantial damage has been done, particularly to trade and jobs (one estimate has the UK with _over 2 million_ fewer jobs today than it would otherwise have, Goldman Sachs says that the UK economy is 5% smaller than it ‘should’ be, etc etc)
OJFord|11 months ago
losvedir|11 months ago
I don't know how things panned out, but the discussions in the early days around Brexit were absolutely on par or even worse than what we're seeing in these two days of discussions around tariffs.
rsynnott|11 months ago
While estimates of the damage done by Brexit are of course very politically sensitive, nearly everyone agrees that some substantial damage has been done, particularly to trade and jobs (one estimate has the UK with _over 2 million_ fewer jobs today than it would otherwise have, Goldman Sachs says that the UK economy is 5% smaller than it ‘should’ be, etc etc)