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Brexit key cause of exports decline, government data shows (www.thegrocer.co.uk)

submitted 1 year ago by CAVOK@lemmy.world to c/europe@feddit.de

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[–] DarkGamer@kbin.social 28 points 1 year ago* (last edited 1 year ago) (2 children)

It's been incredible watching one of the great world powers essentially commit economic suicide. The UK had such a sweet deal as one of the founding members of the EU.

[–] CAVOK@lemmy.world 31 points 1 year ago (1 children)

The UK wasn't one of the founding members though. They were denied entry twice by France.

[–] DarkGamer@kbin.social 14 points 1 year ago

I stand corrected, thank you!

[–] tal@kbin.social 2 points 1 year ago

It's been incredible watching one of the great world powers essentially commit economic suicide

I mean, it's not great, but it's also a long way from suicide.

https://www.reuters.com/article/uk-britain-eu-growth-idUSKBN2AB18K

“For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK,” the Commission said.