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Re: Starmer’s chronicles
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Originally Posted by Carth
Brexit . . again . . after all these years 
No mention of Covid causing huge disruption - coincidentally at the same time as Brexit. |
It’s an avid Brexiteer who’s written the article…
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Ryan Bourne is an economist based at the Cato Institute in Washington DC. He is the author of the book Economics in One Virus and the newsletter The War on Prices. Bourne was previously head of economic research at the Centre for Policy Studies and head of public policy at the Institute of Economic Affairs in Westminster, after a short stint in economic consultancy. He has extensive broadcast experience, appearing on BBC News, Sky News, CNBC, and Fox Business. His Times columns focus overwhelmingly on the economics of public policies and the abuse of economic reasoning in politics.
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Re COVID - from the article…
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Much of the GDP divergence also kicks in around mid-2020, right as Covid-19 hit. Untangling pandemic chaos from the Brexit fallout is tricky, especially with transition rules still in place. And UK-specific political volatility that further depressed growth arguably did not start with Brexit. Jeremy Corbyn’s Labour leadership spooked business from 2015 to 2019; the mini-budget wrecked confidence later. Neither was strictly Brexit’s fault.
But let’s not kid ourselves. The simple facts show the UK has grown more slowly than Italy, France and Japan too since 2016, despite their legion problems. Only Germany and Canada have fared worse than us in the G7. A raft of techniques that average other countries show us lagging. And other EU countries suffered more trade friction and a growth headwind from our exit, tempering any Brexit cost from these comparisons.
The microeconomic, firm-level data is crystal clear that Brexit has had a significant, depressive impact.
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Last edited by Hugh; Yesterday at 17:01.
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