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Brexit Erased £140 Billion From UK Economy, London Mayor to Say (www.bloomberg.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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London Mayor Sadiq Khan on Thursday will blame Brexit for costing the UK economy £140 billion ($178 billion), calling on the government to “urgently” rebuild relations with the European Union to stem the decline.

Britain’s EU divorce has also meant there are 2 million fewer jobs nationwide than there otherwise would have been, including 290,000 lost positions in London, according to research by Cambridge Econometrics commissioned by City Hall that the Labour Party’s Khan will reference in a speech at Mansion House. Half of the total job losses are in financial services and construction.

“The hard-line version of Brexit we’ve ended up with is dragging our economy down and pushing up the cost of living,” Khan will say, according to excerpts released by his office. “The cost of Brexit crisis can only be solved if we take a mature approach and if we are open to improving our trading arrangements with our European neighbors.”

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[–] [email protected] 11 points 7 months ago* (last edited 7 months ago) (8 children)

the money went somewhere.. it's in somebody's pockets, just look around and see who got rich.. i'm betting it was the people who were already disgustingly wealthy before the big move..

[–] [email protected] 22 points 7 months ago (1 children)

If you have a car worth 20k and you total it into a wall, those 20k don't go into someone else's pocket, that value is just gone.

Brexit is the wall, the UK's economy is the car.

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