Brexit will soon have cost the UK more than its combined total of payments to the EU budget over the past 47 years.A further £70 billion is likely to be added by the end of 2020, economist Dan Hanson found.Visit Business Insider's homepage for more storiesBrexit will have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure which almost eclipses the total amount the UK will have paid towards the EU budget over the past 47 years.
That means the British economy is now 3% smaller than it would have been if the UK had not voted to leave the EU.put the UK's total projected contribution towards the EU budget between 1973 and 2020 at £215 billion after adjusting for inflation. The UK is set to leave the EU on January 31 after Boris Johnson's election victory in December. But business confidence and investment has dipped, meaning annualised economic growth has fallen from 2% to 1%.
Freedom is sometimes bought in blood, so this sounds quite inexpensive. Giving the fact that the calculations were done by economists, I guess the weather man or woman should also be called on for an estimate? Human ingenuity is not being factored in.
Haha!
Considering the European Union was officially established with the Maastricht treaty in 1993 and that was 26 years ago, I don’t think that’s an accurate statement. Not surprising from business insider though
Lie
I call a lie on that one.
Brexit : I think this will not be possible.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »