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mrec | 1 month ago
And while I certainly think it's fair to describe the UK economy as a sinking ship, I also think that blaming that on Brexit is, to put it politely, "starting with your conclusion". UK growth has been higher than France, Germany or Italy since 2016. Brexit has obviously had impacts, but they haven't all been negative (the City in particular has zero enthusiasm to fall back into any EU alignment) and I think the COVID lockdown shambles and the Homerically inept current government have been bigger factors.
I found this a decent recent overview on the common analytical takes, if you're interested: https://julianhjessop.substack.com/p/what-the-nber-gets-wron...
ricardo81|1 month ago
Though its notional deficit would be far higher and break EU rules IIRC (which have been broken numerous times by existing EU states).
hostyle|1 month ago
neoromantique|1 month ago
Covid has been global, lockdowns have been everywhere, UK is not unique and did not even have the worst of it in terms of lockdown strictness. While "averaged out" UK economy post-brexit/pre-covid might not look that much worse than EU, if you look into specifics the picture gets far uglier with entire economy sectors going bankrupt, all in all it was a spectacular self inflicted damage that will be felt for decades to come, especially now that US is becoming a hostile actor.
mrec|1 month ago
The Scottish independence referendum was in 2014, two years before the Brexit referendum.