“Now we know how much the British lost from Brexit”

Britain’s exit from the European Union

Brexit was costly for Britain. And now the British are starting to talk about re-entry. Janrick Larsson writes.

From time to time, in the Swedish debate, you come across critical voices from the EU asking whether it is time for Sweden to leave the union.

One view on this issue is Brexit.

Fareed Zakaria, CNN host and Washington Post columnist, has pondered Britain’s economic woes and has one prescriptionBritain must become a member of the European Union again.

Bloomberg for Economics Calculates The UK’s GDP is 4 per cent lower than it would have been if it had continued as a member of the European Union. Now the volume of trade and investments and thus the GDP is affected.

Opinion polls show that the British increasingly Realize that it was a mistake to leave and that you must therefore apply for re-entry.

Prime Minister Rishi Sunak has been pro-Brexit, and Zakaria points out that Sunak thus continues to engage in a vacuum rhetoric On how good the withdrawal is for the country.

Columnist Nick Cohen has interestingly explored the Brexit debate Chronicle. He wrote that the Conservative Party denies that the country is at its worst decline in 250 years. At no time since the Industrial Revolution has the British economy done so badly.

Surveys show that the British increasingly Realize that it was a mistake to leave and that you must therefore apply for re-entry.

Tim Harford in the Financial Times notes The British standard of living is now 40% lower than it would have been.

Two researchers, Nicholas Crafts and Terrence C. Mills, state in a scientific journal article that: Low productivity In recent years unique.

So the picture is unambiguous so far. But neither the Conservative Party, which led the country out of the European Union, nor the Labor Party are ready today to start a serious debate about the causes of misery or how to return the country to a healthy economy.

There was order in the 1980s, Margaret Thatcher asserted, but a new Thatcher does not yet seem likely. We have now returned to the large-scale strikes that brought her to power in 1979.

There are of course also other explanations, such as Brexit for the situation in Great Britain, but it is quite clear that it would have been better to stay and work for sound EU policy. The European Union is now governed by French and German politicians who seem to be steering the Union in a direction that may not lead to a stable economic future.

The role the British played in the European Union left a huge void.