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by tim333
2717 days ago
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It's true it's not as bad as some predicted and I imagine with a no deal brexit we'd muddle through but it still wouldn't be great. For reference here's some prediction from back then: >The Treasury's "cautious" economic forecasts of the two years following a vote to leave - which assumes a bilateral trade agreement with the EU would have been negotiated - predicts Gross Domestic Product would grow by 3.6% less than currently predicted. >In such a scenario, it suggests sterling would fall by 12%, unemployment would rise by 520,000, average wages would fall by 2.8% and house prices would be hit by 10%. Which was pessimistic. Sterling certainly fell, about 20%, but unemployment's doing fine so far. |
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