When we say all the evidence points to Brexit making us poorer, this is what we mean

A viral tweet is doing the rounds on social media after highlighting the compelling body of evidence that suggests Brexit will make us all poorer.

The government’s leaked impact report that came to light in March of this year confirmed most of our fears that every region in Britain will be left economically worse off by Brexit.

And with negotiations still to be completed, it found the more divergence from European regulations and trade the UK goes for, the worse the economic fall out will be.

The study can be added to a mounting body of evidence that suggests Brexit will make us poorer as a nation.

As @tempora_magda notes on Twitter, those saying Brexit will make us poorer include:

  • 97% of academics
  • ALL of big business (CBI)
  • Every former PM alive
  • IMF
  • World Bank
  • Every major bank
  • HM Treasury

And those who believe it is a good idea are:

  • Boris Johnson (proven liar)
  • Nigel Farage (proven liar)
  • Jacob Rees-Mogg (proven liar)
  • Steve Baker (proven liar)

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7 Responses

  1. Teejay

    List 1 is also a list of those who thought that a Leave vote would cause a 500,000 drop in employment and a recession within a year as per the Treasury forecast for mid 2016 to mid 2018.

    List 2 is a list of those who called it correctly.

    1. Meg

      I’d just like to point out that for the majority of people in the UK we have never not been in recession since 2008!

    2. Mo

      That’s another leave lie. Nobody said ‘within a year’, and regardless, forecasts were based on triggering article 50, which didn’t happen, and leaving the EU within 2 years, when it’s now looking 7 years minimum. Regardless, we already have approx 150k job losses, and gone from one of the fastest growing advanced economies to bottom of the league – just on the threat of Brexit.

      1. Teejay

        “That’s another leave lie. Nobody said ‘within a year’ ”

        WRONG

        The Treasury document “The Immediate Economic Impact of Leaving the EU” in Table 2C predicts negative growth for the period 2016 Q3 to 2017 Q3 in the event of a Leave vote.

        If the experts at the Treasury didn’t anticipate that the UK Government might take fairly predictable steps in response to a “No” vote, then they aren’t worthy of the title ‘expert’ and we cannot believe their predictions going forward. In April, even the Guardian was forced to run the headline. “UK labour productivity increases at fastest rate since financial crisis.”

  2. Sarah

    It’s all just opinion, none of these people have a crystal ball or anything like it in history to make a prediction and even if they could it would still only be a prediction. It’s not a weather forecast. Articles like this are not helpful it’s just scaremongering.

  3. PapaWhisky

    Brexit was far more than just economics. It was about regaining full sovereignty, real democracy and financial management of our core infrastructure through migration management; as the rest of Europe is now waking up to! (Fact; the 5m net immigrants, since PM Blair opened our borders, have required 100,000 new houses per year to accommodate them or 2m in total. The NHS also requires £2k per citizen per annum on a pro rata basis = £10bn per annum now. I won’t bother with schools and NO the average immigrant does not positively contribute to the economy. (PS: neither does the average UK born person to be fair). The EU represents a poor growth opportunity as that is happening elsewhere and will continue to enact protectionist policies, which usually suit Germany who seem to flaunt the EU rules when it benefits them and they evade usual reprimands or penalties (VW emmision saga or the collaboration with Russia on gas rates)
    I am sure the arguments for Ireland not getting independence were similarly positioned by anti democratic poor forward thinking people, but look how that turned out…anybody suggesting that was a grave mistake on here?

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