Scenario A (no Brexit)
GDP Year 1: £100
GDP Year 2: £102
GDP Year 3: £105
Total: £307
Scenario B (Brexit)
GDP Year 1: £100
GDP Year 2: £101
GDP Year 3: £103
Total: £304
This illustrates how Brexit can make us poorer even though the economy's still growing in both scenarios.
GDP Year 1: £100
GDP Year 2: £102
GDP Year 3: £105
Total: £307
Scenario B (Brexit)
GDP Year 1: £100
GDP Year 2: £101
GDP Year 3: £103
Total: £304
This illustrates how Brexit can make us poorer even though the economy's still growing in both scenarios.
We don't have to have negative GDP growth to be poorer as a country. Growing less fast still makes us *relatively* worse off. (It's only fair to compare to the scenario where Brexit didn't happen.)
If I expected £307 but only got £304, am I
A) £4 better off
B) £3 worse off
?
If I expected £307 but only got £304, am I
A) £4 better off
B) £3 worse off
?
And if I can point directly to Brexit as the cause of that £3 loss, it must surely be fair to say that Brexit will make us £3 worse off *than if we didn't go through with it*?
