Alsty
TS Member
- Favourite Ride
- Fury 325
You compare our economy with other countries that historically we've had similar economic performance to, such as Germany, Norway or New Zealand.Yes, the economical and logistical situation in the UK ... is hardly a bed of roses at present, but how much of that is down to Brexit and how much can be blamed on other factors, such as COVID and the Ukraine war?
They have all been affected by the same global issues as us (Covid, global shortages of microchips, the war in Ukraine etc). When you compare the UK against these countries you see the UK has not rebounded since the pandemic*, whereas those other countries have, leaving Brexit as the only explanation. This gives an estimated shortfall of £31bn or 5.2% GDP.
Source: ITV
* except Northern Ireland which has recovered because it still has access to the single market...