• saltesc@lemmy.world
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    2 hours ago

    It is also a flashing red warning to any country flirting with economic nationalism, trade wars or the fantasy that sovereignty can replace integration.

    I don’t think any other country would be so stu-… Oh, wait a second.

  • jjjalljs@ttrpg.network
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    2 hours ago

    Why aren’t the pro-brexit people being shamed? Stripped of their wealth and made to spend the rest of their miserable lives doing community service?

    • gajustempus@feddit.org
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      2 hours ago

      I guess because most of them have taken their cash and moved away (like this Dyson guy for example)

  • copacetic@discuss.tchncs.de
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    3 hours ago

    This leaves Britain as a rare modern case study: a rich country that deliberately raised barriers to trade and cooperation and paid the price.

    I’m not convinced yet. Please, would another country with an even bigger GDP deliberately raise barriers to trade and cooperation?

  • ObscureOtter@piefed.ca
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    3 hours ago

    For a decade, Brexit’s defenders have insisted the warnings were exaggerated and the pain temporary. The latest evidence shows the opposite. Brexit hasn’t been a one-off hit followed by recovery – it has quietly, relentlessly drained the UK economy year after year.

    The headline numbers are brutal. UK GDP is now 6–8 per cent smaller than it would have been by 2025 – worse than forecast, not better. That is a permanent loss of national income, not a blip.

    Investment has collapsed. UK business investment is 18 per cent lower than in comparable economies, as firms put money on hold or moved it elsewhere. Employment and productivity are both around 4 per cent lower, locking in weaker wage growth and lower living standards.

      • Th4tGuyII@fedia.io
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        2 hours ago

        Yup. Cause if policy born of nationalism and bigotry couldn’t solve our problems the first time around, surely we just weren’t using enough of it. /s

        It’s easier to blame immigrants and people on benefits for the problems in the economy, than realise the real problem is the leaches at the top sucking away every spare penny the working class makes.

        The landlords, the executives, the millionaires, the billionaires - where do people think their money comes from?

        Everything costs more, but not because it actually costs more to make - but because the profits must always go up to fuel the hoards of the wealthy.

  • Nico198X@piefed.europe.pub
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    2 hours ago

    why doesn’t anyone get on TV and tell the ppl this? why is there no concerted pushback against the propaganda?

  • MrSulu@lemmy.ml
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    3 hours ago

    Farage and similar colleagues will no doubt maintain that this is all down to a few impoverished people on boats. Indeed, he’s looking to weaken equality right. So clearly, it was the UK women too.

    • IchNichtenLichten@lemmy.wtf
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      2 hours ago

      The problem with the pro-Brexit crowd is that they’ll never admit fault. The reason Brexit isn’t a huge success is down to their own personal vision of Brexit not being implemented, not because the idea was fucking delusional to begin with.

  • Buffalox@lemmy.world
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    2 hours ago

    I am shocked about how accurate my prediction was back before the election, I predicted that UK would lose about 1% per year over many years, if they voted Brexit.
    And here we are now 10 years after the vote, and 8 years after Brexit was effectuated, and the relative decline to non Brexit is estimated at 6-8%.

    If UK doesn’t manage a free trade agreement with EU, I suspect this will continue for another decade, possibly at a slightly lower rate.

    If UK does manage to get a good deal with EU, things will return to almost normal, but the investments that were lost this past decade will remain lost. So UK will continue from the lower level they are at now.