It's Official: Brexit Will Make Britain Poorer

Discussion in 'UK Politics' started by Angela Channing, Nov 28, 2018.

  1. Angela Channing

    Angela Channing Soap Chat Hero

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    Theresa May's government's own analysis has concluded that Brexit will make Britain poorer. While Brexiteers told us during the referendum campaign it was all "Project Fear" the evidence highlights the damage this foolhardy policy will have on our economy.

    Official figures say the UK economy could be up to 3.9% smaller after 15 years under Theresa May's Brexit plan, compared with staying in the EU. This equates to a loss of £100 billion from our economy every year. If we have a no deal Brexit things could be about 3 times worse.

    On Theresa May's Brexit plans, that's the equivalent of everyone who voted for Brexit in the referendum paying more than £50,000 more each year in tax. I think they should be made to pay up. They wanted this catastrophic policy so why should those of us who voted and campaign against Brexit suffer because of their desire to leave the EU?

    Brexit will make UK worse off, government forecasts warn
     
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  2. Michael Torrance

    Michael Torrance Soap Chat Dream Maker

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    I thought Brexit was a terrible idea, though as a non-Briton I don't have a say. But for those who voted for Brexit, an argument could be made that they are willing to forego that 3.9% growth for more sovereignty or whatever it is the Brexiteers claimed they were getting.
     
  3. Mel O'Drama

    Mel O'Drama Super Moderator Staff Member

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    Very few who voted Leave gave any consideration to the financial devastation for most of the country that would come from their choice. They just wanted to stop people who weren't exactly like them from being allowed to live and work here.

    A very nice idea, and I'd certainly be up for it. Sadly, though, it will never happen. They get to screw us over with impunity.
     
  4. Angela Channing

    Angela Channing Soap Chat Hero

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    I think you're right but people make out that sovereignty is like something that's in a box that can be passed from one nation to another to use. We live in global times and the idea that the UK can act independently is laughable. As part of the EU we had influence on what the EU does as a whole, after Brexit we will be a lone, insignificant voice with less international influence and thanks to Theresa May's deal, the EU will have more say over what we can do than they do now.

    Yes, xenophobia was a significant contributing factor in why many people voted for Brexit. People who don't want foreign workers in the UK need to explain how we will support our aging population without the taxes that foreign working pay in the UK. The consequence of fewer EU migrants will be more migrants from more non-EU countries because there won't be enough people of working age in the country to support our economy.
     
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  5. Snarky's Ghost

    Snarky's Ghost Soap Chat Oracle

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    Is Brexit almost over??
     
  6. Michael Torrance

    Michael Torrance Soap Chat Dream Maker

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    I don't think so. Like Dynasty in its most discombobulated era, one thing (May's proposal) is over and another is in theory supposed to start, but nobody knows where, by whom, how, and when: will there be a Brexit pause or even reversal? Will there be a deadline extension and a new negotiation? By which government? This, a coalition one, one after an election? Will there be a new referendum? Will Madonna really sing at Eurovision? It's a big Peter-De-Vilbis-size mess.
     
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