Brexit was a chaotic move.
It was certainly expensive, but people voted for it in spite of expecting much bigger costs than anything that has actually materialised.
We actually expected an -8% recession.
People still voted for it anyway.
It was a question of jingoism.
It was an utter mess. And freedom of movement was a defeatist heavy price to pay for all sides.
The fact that Brexit disrupted so much stuff, was kind of a self fulfilling prophecy that we had surrendered too much control.
The more George Osborne warned about the chaos, the more people asked “Why the hell would it affect that? Do they really control that too?”
Epically bad campaign and Cummings on the other side just being ruthless with ‘whatever it takes’ campaigning.
Agree.
The question of the EU membership is not free trade benefits alone. There are also bureaucratic costs - green policy scam, overregulation etc.
Each nation has its own equation to manage. I don’t know of a better way than a referendum.
In addition to the great monetary supply increase, somehow the author omits the fact that the EU block declared war on Europe’s primary energy supplier. Absolutely everything is downstream of energy costs. Fish and chips are not an exception.
This type of writing by omission reminds me of the articles that attribute price increases due to Beyonce, and increasing heart health episodes due to anything but the experimental shots.
10 year ago I thought Brexit was a calamitous idea. But if I’m honest it really hasn’t been. It’s been a damp squib. Inconsequential. For all the attention and energy it consumed not much happened. The biggest cost was probably opportunity cost of so much political capital debate going to such a none issue.
Saying all that, before the fact it was certainly a big leap into the unknown.
But people had eyes wide open, they expected to be poorer. They expected to lose 8% of GDP.
They voted for it anyway.
Irrational? No, people were simply willing to pay that price for control of their destiny.
But they got lucky, the price was actually much lower.
The Brexit recession simply did not happen.
Lots of establishment types point to every minor thing and claim aha! brexit or aha! Climate change. But it’s undeniable, the emperor has no clothes. Nobody is listening any more.
We left years ago now.
Covid was 30x more disruptive than brexit.
Some stuff is rebalancing still, but UK has a lot of smart people. Is very agile. Can punch well above its weight. Has gained autonomy to do so.
All it takes is Sterling to return to 2008 exchange rates (or even $1.60) and the broadsheets will be squealing… “what do the Brits know?”.
😂 
