• deHaga@feddit.uk
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    edit-2
    7 hours ago

    If we joined a customs union, we’d be allowing the EU to set our tariff rates. No thanks.

    What about the cost benefit analysis of being out of the corrupt CAP crap? It takes the largest chunk of budget, rewards rich landowners and is an environmental disaster.

    A bit more important than protecting the sale of shit-filled whelks to the French

    • Denjin@feddit.uk
      link
      fedilink
      English
      arrow-up
      3
      ·
      7 hours ago

      I’d prefer a functioning economy but what do I (and every economist in the world not on farage’s silver) know eh?

        • Denjin@feddit.uk
          link
          fedilink
          English
          arrow-up
          3
          ·
          7 hours ago

          Ooh line go up! Big woop!

          That tells you exactly nothing about what difference you would have got had we not left the union. The articles I linked above go into great detail about it, but I assume yo haven’t read them.

          • deHaga@feddit.uk
            link
            fedilink
            English
            arrow-up
            1
            arrow-down
            1
            ·
            edit-2
            6 hours ago

            Why is that the measure the OBR uses then?

            Literally from your source lol

            The OBR forecast is for a 0.27% hit to growth per year over 15 years mostly due to a loss in comparative advantage

            What’s not in the forecast is any benefit from regulating using common law, which is worth at least 0.7% extra growth per year

            In 2001, Professor Paul Mahoney demonstrated that countries with legal systems based on the common law not only have more developed financial markets, but also experienced faster economic growth in the second half of the 20th century compared to civil law countries.36 Based on data from 102 countries, the analysis shows that between 1960 and 1992, the real per capita GDP growth for common law countries grew, on average, 0.71% faster than the civil law countries.

            https://supremecourt.uk/uploads/speech_lord_hodge_250225_0cad343a9a.pdf