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Alistair Penbroke's avatar

> Researchers have undertaken numerous studies of its effects and find a negative economic impact in areas such as trade, investment and productivity. Given that the vast majority of economists predicted such an outcome, we should not be surprised.

Being unsurprised can be read two ways of course. Researchers and economists "exaggerated" (lied) to manipulate the public; why would they not now publish studies continuing in the same tradition? There were no consequences for their dishonesty after all. Even Paul Krugman admitted this. Universities don't care about intellectual probity so they can continue to lie in perpetuity, and probably be rewarded for it by their peers.

The truth: there was no economic impact. Trade, GDP, whatever stat you choose, nothing much has happened. Britain continues to track the miserable economic performance of the rest of Europe. Trade ratios continued on their long term trajectory. There was no post-vote recession.

The studies that show otherwise are, when read carefully, all just academics lying again. They compare Britain to the USA and claim the gap is because of Brexit. They construct pretend counterfactuals where if Britain had stayed in it'd have experience a huge burst of growth out of nowhere. Etcetera.

When we look back, what we see is:

1. More local control.

2. No costs. Not even many of the famous red lines and cherries. The academics turned out to be bluffers and Britain is back in Horizon for instance, and a bunch of other institutions that were supposedly exclusive to members too.

Thus supporting Brexit was, in hindsight, a completely correct choice with no downsides except for people who wanted to emigrate to the EU, have no financial resources and can't convince a European firm to employ them - but hardly any fit into this category.

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