-30
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Oct 2023
-30 points (10.5% liked)
Europe
8324 readers
1 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out !yurop@lemm.ee
founded 1 year ago
MODERATORS
Solely looking at GDP says little about the impacts of Brexit, especially on the impact it has on individuals. While it tells us the UK fares well on production capacity and economic growth, it says little on the welfare and well being of her citizens.
There is of course a lot of disparity of the origins in the data, and Tory governing most likely have its effects as well.
Point is, GDP is not a good measure on whether things are looking bright for individuals.
No. Purely finance. The rest of the country exists solely to support the financial sector (by making it look like we're a country and not a tax haven with a massive casino).
The forecasted measure that the OBR decided to use to judge the impact was GDP per capita though
I was merely pointing out that GDP is a tool to look at the economy as a whole, but it can not visualise more specific trends or inequalities, let alone those caused by Brexit.
If any have been caused by brexit. 95% of UK companies don't export to the EU after all.
There are definitely effects on the British economy because of Brexit, just alone the loss in confidence in the British economy after the vote and the uncertainty following it.