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re: [Update] The UK votes to leave the EU
Quote:
Originally Posted by pip08456
So is the "Disastrous Decision" the supporters of the EU making overconfident claims????
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From the link...
Quote:
The scenario
Britain’s economy suffers after Brexit. The negotiations to leave the EU are fraught with difficulty and the trading relationship with Europe is worse than before, without offsetting benefits elsewhere. Britain’s economy once again begins to fall behind the country’s European partners.
The assumptions
After acrimonious negotiations, which drain confidence from the British economy, Britain secures a looser trading relationship with the EU. Free movement of people is curtailed, but the price is weaker access to the EU market for goods and particularly services. Britain finds it difficult to sign beneficial trade deals with other countries, receives less inward foreign direct investment, has fewer immigrants and does not improve the regulation of the economy.
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