The Mudcat Café TM
Thread #165570 Message #3972905
Posted By: David Carter (UK)
22-Jan-19 - 12:41 PM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
Stanron says, still, despite overwhelming evidence and opinion to the contrary:
"No Deal will damage the EU far more that the it will damage the UK"
And extraordinary statement, which can only be made by someone really quite deluded.
A no deal brexit will reduce UK GDP by of order 10%, and EU GDP by 2-3%.
For the EU its a hiccup. For the UK a catastrophe. The 2008 recession was 6-7% reduction. Only the depression of the 1920s was worse.
So thats what Stanron wishes to "bring on". Economic conditions not quite as bad as the Great Depression. But significantly worse than any we have experienced in our lifetimes (apologies for any one reading who remembers the 1920s).