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.
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.