- Nov 11, 2009
- 12,276
Out of interest, when you thought it all through and did the maths, roughly how much of a hit did you expect the UK economy to take as a result of voting to Leave? Or, to put it another way, what in your opinion is the maximum price worth paying for "full extrication"? 10pc of GDP maybe, or 15pc? More?
Where on earth did you pluck those wildly exaggerated figures from? The German equivalent of our IFS estimated that with new trade barriers the actual Initial GDP loss for Germany, France and the UK will be around 0.5% exactly the same figure is argued by Dr Graham Gudgin, senior economist at the University of Cambridge’s Centre for Business Research (CBR). And that's before we sign our first independent trade deal......so where is this fantasy 10-15% from? Surely not the project fear mongers, who've got every prediction bar none wrong and who actually had to apologise publically about wildly inaccurate predictions.
Nobody suggests the short term is going to be totally easy, but neither will lorries be parked on the M20... The long term prospects are hugely beneficial..... Ever left a job for one with better prospects?
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