Thread: Brexit (Old)
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Old 27-02-2019, 13:17   #7899
mrmistoffelees
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Re: Brexit
Quote:
Originally Posted by Chris View Post
7.5% smaller than it would have been means - for example - instead of £100bn total growth in the size of the economy, we have £92.5bn growth.

Growth. Not shrinkage. Growth, just slightly less of it.

For comparison, because of the 2008 credit crunch, the UK economy is 16% smaller than predicted by the pre-crunch growth trend. Yet even here, using hard facts and not forecasts, the economy has grown since 2008 and despite endless shrieking headlines about austerity we aren’t on our uppers.
Some of us thankfully are not on our uppers, there's a significant increase in those that are however.
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