The economic terrors of Brexit

Britain’s economy will continue to grow next year even if the UK is forced to leave the EU without a deal, an influential think tank has said despite comparing Brexit to the Blitz.

The OECD, an organisation part-funded by Britain, warned in a gloomy report that Brexit could “stifle growth for years to come” and suggested a second referendum would have a “significant” positive impacton the economy.

However the organisation’s own forecast suggested that even in the “least favourable scenario” of the UK leaving without a deal in 2019 the economy will grow by 1 per cent next year.

1% growth ain’t great but it ain’t a disaster, is it?

9 thoughts on “The economic terrors of Brexit”

  1. Given their record on the ERM, the EURO, and their pre referendum forecasts, I suggest we politely ignore them.

  2. The OECD, an organisation part-funded by Britain

    As if being ‘part-funded’ means anything, as this sly reference implies. The British government funds vast numbers of activists at huge expense who despise us and agitate day and night against us.

    Anyway, given their previous ‘forecasts’, double that 1%, and it will be larger than any other EU country except perhaps Germany.

  3. Given their record on the ERM, the EURO, and their pre referendum forecasts, I suggest we take note and be assured the opposite of what they predict will actually happen.

    Fixed it for you 😉

  4. I have only read a few headlines about this report but, as you might guess, they did not leave me with the impression that the OECD was predicting positive GDP growth in the worst case.

    It was more along the “we’ll all be eating our boots” line.

  5. ‘Britain’s economy will continue to grow next year even if the UK is forced to leave the EU without a deal’

    Forced?

  6. ‘Britain’s economy will continue to grow next year even if the UK is forced to leave the EU without a deal’

    Replace ‘even if’ with ‘because’?

  7. According to Guido, the OECD got ~€40 million from the EU in each of the last two years. Not that that will have influenced their superior judgement in any way.

Leave a Reply

Your email address will not be published. Required fields are marked *