So, those Brexit costs are really mounting up...
- £4.2 billion for Government preparations
- £1.2 billion written off on Galileo
- £92 million for Galileo replacement feasibility study
- £9 billion plus for alternative to Galileo
- £500 million/week in lost economic growth
- £4.2 billion for Government preparations
- £1.2 billion written off on Galileo
- £92 million for Galileo replacement feasibility study
- £9 billion plus for alternative to Galileo
- £500 million/week in lost economic growth
Note on the last point: it’s perfectly possible for the economy to be growing AND for it to be damaged by Brexit. They’re not contradictory.
(If growth was expected to take us from 100 to 104, and instead only took us to 102, we’re down 2 compared to where we were meant to be.)
(If growth was expected to take us from 100 to 104, and instead only took us to 102, we’re down 2 compared to where we were meant to be.)
That “opportunity cost” of Brexit is real, and has a real impact.
We have to grow the economy constantly just to stay still to beat inflation.
If Brexit is hurting the economy, we’re going backwards in real terms.
We have to grow the economy constantly just to stay still to beat inflation.
If Brexit is hurting the economy, we’re going backwards in real terms.
Once the above has sunk in, how about another 100+ real consequences of Brexit? All things happening right now, not in some hypothetical future. #projectfact #marr #ridge #bbcsp
