Brexit Erased £140 Billion From UK Economy, London Mayor to Say
London Mayor Sadiq Khan on Thursday will blame Brexit for costing the UK economy £140 billion ($178 billion), calling on the government to “urgently” rebuild relations with the European Union to stem the decline.
Britain’s EU divorce has also meant there are 2 million fewer jobs nationwide than there otherwise would have been, including 290,000 lost positions in London, according to research by Cambridge Econometrics commissioned by City Hall that the Labour Party’s Khan will reference in a speech at Mansion House. Half of the total job losses are in financial services and construction.
“The hard-line version of Brexit we’ve ended up with is dragging our economy down and pushing up the cost of living,” Khan will say, according to excerpts released by his office. “The cost of Brexit crisis can only be solved if we take a mature approach and if we are open to improving our trading arrangements with our European neighbors.”
the money went somewhere.. it's in somebody's pockets, just look around and see who got rich.. i'm betting it was the people who were already disgustingly wealthy before the big move..
If you have a car worth 20k and you total it into a wall, those 20k don't go into someone else's pocket, that value is just gone.
Brexit is the wall, the UK's economy is the car.
You are thinking about economy as a Zero sum game, but that's not how economy works. Even if there are people that make money when the economy is down, that doesn't mean they make as much as others have lost. If they did, the economy wouldn't be down, it would merely have shifted.
The fact that economy is NOT a zero sum game, is kind of a corner stone in how EU works. We all benefit from being able to trade with each other on equal terms.
The fact that UK is doing as poorly as they are, kind of proves the idea is right. You can be against EU for ideological reasons, but being against it for economic reasons, make little sense. And the Brexit campaign constantly hammered the idea, that despite all reason, UK would somehow benefit economically from Brexit. Anyone who believed the Brexit propaganda were conned.
The ones that might gain from this, are the filthy rich, who are working on undermining UK welfare and general conditions for middle and lower class people, to exploit the population more for their own gains.
the shift in relative wealth is even bigger
Yes, working class is being systematically undermined, I think that may have been part of why the likes of Boris Johnson wanted out. They are doing things now that wouldn't be legal as an EU member. For instance limiting the democratic freedom to protest.
Dude. The UK broke its trade deals and left. Now it pays increased taxes on all goods and services from the EU.
Some were paid off, others kompromized. Brexit was a pootin endeavor.
he works for the world billionaire class, and they are the ones who profit by this kind of thing