5 comments

[ 4.9 ms ] story [ 20.5 ms ] thread
Brexit is pure political decision in Carl Smitt sense and there is just weak connection to price. Unfortunately.
So the cost of freedom is only £200 billion? I don't understand. That seems a reasonable price.
If you look at germanies target 2 balances (almost certain to become a bsilout of the weaker members in EU) it's hard to believe this. They are now in the hundreds of billions range. These are amounts that supposedly are just a 'technical issue'
GB never joined the Eurozone. So what does Target2 have to do with any of that mentioned in the article?
Wow, a 300 word article referencing "business confidence" falling and that the UK "would have" grown 3% more had Brexit not happened.

Sounds like real rock solid science. I mean it's super simple subtracting a worldwide pandemic effect from business confidence and just calculating brexit's effects on business confidence, cause, you know, you can easily measure hypothetical situations in the future.

Rock solid article.