• 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