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by standupstandup 3135 days ago
More or less any numbers you see about the predicted economic impact of Brexit come from exactly the same sets of economists who have been proven 100% wrong so far about everything, so have no credibility. They predicted a massive recession in the wake of simply voting to leave, not actually leaving, which never materialised. Then there were claims it would be triggered by the formal notification of leaving - that didn't happen either. They also liked to claim that immigration had no impact on wages, but there have been quite a few stories since about industry leaders complaining about having to increase wages (suspect in and of themselves because immigration hasn't really fallen).

There simply aren't any economic projections of a trustworthy nature right now.

1 comments

Are you arguing there has been no impact at all? My understanding is that there has been a significant increase in prices since the Brexit vote, generally ascribed to the falling pound (both actual and anticipated). This is obvious in electrical goods but is also affecting the weekly shopping basket, which in turn is impacting people on low pay, or whose pay hasn’t been rising in line with inflation since the banking crash.

That said, not all price hikes are attributable to Brexit. The significant hike in butter prices is apparently more due to a supply shortage across Europe.