Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Brexit Ten Years On: The Economy

ukandeu.ac.uk

Post reply on HN
Print view View original

21–30 of 108 posts

Re: Brexit Ten Years On: The Economy

#21

Post by arjie »

vrganj wrote: post #3

We miss you, British friends. Come back home! In related news: > A British poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago. Fifty-two per cent of Britons think the UK should rejoin the EU, according to an Ipsos survey of 1,137 British adults conducted between May 14 and May 20. https://www.straitstimes.com/world/europe/new-referendum-…

Well, those half are likely under the impression they can rewind things, but realistically that is not on the table.

Re: Brexit Ten Years On: The Economy

#22

Post by kev009 »

nostrademons wrote: post #13

It's almost like the academics who said that free-trade and globalization were net benefits to the economy were right , and then reversing globalization and shutting borders simply reverses those gains. The interesting part is that while the benefits of globalization were not evenly distributed (part of the reason for the populist backlash against it), reversing it does not seem to benefit the people who were harmed…

The term globalization is doing a lot of work in this comment, what does it mean to you?

Re: Brexit Ten Years On: The Economy

#23

Post by ToucanLoucan »

lenerdenator wrote: post #19
ToucanLoucan wrote: post #10

Earlier quoted context omitted.

> I still wouldn't put it at the level of Brexit. Perhaps not yet, but we have at minimum 2 and a half years of the Trump Family Circus to contend with, and they've gotten a lot destroyed in what time they've had so far. And, Trump isn't the real problem. Anti-intellectualism here has hit it's zenith. Fully a third of our country is so propagandized and media-illiterate that they can't really be said to share a reali…

Oh, they've got that there too. GB News, TikTok, all the rest.

And largely owned by the same fucking people, to boot. Hey maybe letting like 30 people have as much money as some sovereign nations was a bad idea guys...

Re: Brexit Ten Years On: The Economy

#24

Post by pstuart »

ToucanLoucan wrote: post #10
lenerdenator wrote: post #7

Earlier quoted context omitted.

I still wouldn't put it at the level of Brexit. The US actually has enough weight as an economy to have some bargaining power at trade negotiations. Now, whether the negotiator is working in good faith or not is another matter, but if the US suddenly stopped doing business with an individual country, it would likely cause the other side at least some problems. The UK does not have the weight the US does, and sanction…

> I still wouldn't put it at the level of Brexit. Perhaps not yet, but we have at minimum 2 and a half years of the Trump Family Circus to contend with, and they've gotten a lot destroyed in what time they've had so far. And, Trump isn't the real problem. Anti-intellectualism here has hit it's zenith. Fully a third of our country is so propagandized and media-illiterate that they can't really be said to share a reali…

One can take some hope that Germany recovered from its descent into fascism. But that was in a time where there was no social media and other brainwashing technologies embedded into the population.

My hopes are tempered, to say the least.

Re: Brexit Ten Years On: The Economy

#25

Post by rtkwe »

frereubu wrote: post #12
mr_sturd wrote: post #5

Earlier quoted context omitted.

If there were another vote, the media circus, and manipulation via social media would make sure we stay out.

I'm not as sure as you about the result, but I do agree that the campaigning would be absolutely awful to go through, and would reopen a lot of really deep wounds on all sides. It's all very well saying you'd like to rejoin when someone asks you on the street, but an entirely different thing if there was a months-long campaign to have to get through.

Not even that but one of the major issues with the first referendum was that Brexit was ill defined so the pro camp was able to promise basically anything as the final status and everyone had a different idea of what the actual outcome would be. Any vote without the actual final deal on the table or at least a guarantee that the final deal will get a vote will kind of inevitably lead to the same "wait I voted for that?!" that happened when the Real Brexit (tm) finally came out.

I'm almost certain that the final Brexit would not have been approved and pretty equally certain people would be vastly unhappy with the requirement to rejoin.

Re: Brexit Ten Years On: The Economy

#26

Post by LikesPwsh »

rm445 wrote: post #11

The EU has mildly outperformed the UK in overall economic growth by perhaps 1 percentage point over the last 5-6 years, i.e. ~7% vs ~6%. While of course both massively underperformed the USA. It's hard to avoid concluding that the actual effects of Brexit have been smaller than this kind of analysis suggests, and while we squabble about such things our countries are missing opportunity after opportunity.

Brexit harming the growth of both UK and EU is another perfectly valid interpretation of those numbers.

I'm sure there's a little truth to both, and noise from all kinds of other factors.

Re: Brexit Ten Years On: The Economy

#27

Post by mytailorisrich »

rm445 wrote: post #11

The EU has mildly outperformed the UK in overall economic growth by perhaps 1 percentage point over the last 5-6 years, i.e. ~7% vs ~6%. While of course both massively underperformed the USA. It's hard to avoid concluding that the actual effects of Brexit have been smaller than this kind of analysis suggests, and while we squabble about such things our countries are missing opportunity after opportunity.

The UK has done alright and London has continued to do very well. Considering that there wasn't, and essentially still isn't, any plans on how to make the most (or anything...) of Brexit, that's telling, IMHO.

Re: Brexit Ten Years On: The Economy

#28

Post by grahar64 »

"The question was never whether this would involve costs"

Brexit was sold as being positive for the economy. The proponents drove a bus around saying they would get 350 million back. It was largely advertised as a net positive for the economy

Re: Brexit Ten Years On: The Economy

#30

Post by gpt5 »

rm445 wrote: post #11

The EU has mildly outperformed the UK in overall economic growth by perhaps 1 percentage point over the last 5-6 years, i.e. ~7% vs ~6%. While of course both massively underperformed the USA. It's hard to avoid concluding that the actual effects of Brexit have been smaller than this kind of analysis suggests, and while we squabble about such things our countries are missing opportunity after opportunity.

If you compare UK to its equivalent developed countries (France, Germany, Italy, etc. ), without including the developing EU economies of Eastern Europe, you get that the UK’s GDP growth has outperformed the rest since brexit happened.
Post reply on HN