Tag Archives: Brexit referendum

Brexit – Angry Voter Costs Greater Than Said. Trump Parallels Abound

In a paper published in November and brought to AutoInformed’s attention today by The Hutchins Center on Fiscal and Monetary Policy at the estimable Brookings Institute, angry voters in the United Kingdom who overwhelming approved leaving the European Union in the so-called Brexit* referendum resulted in shrinking the UK GDP by 6% to 8% by 2025. The exhaustive research paper was authored by Nicholas Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka and Gregory Thwaites.**

The negative economic effects began after the 2016 referendum. They intensified following the UK’s formal exit in 2020. This paper in AutoInformed’s view is directly relevant to Trump’s Tariff Chaos and is a harbinger of still larger negative effects to come. Continue reading

Posted in auto news, AutoInformed Editorial, economy, financial results, fools 'n frauds, news, news analysis, people, results, shows and events, transportation, Trump Truth Tests | Tagged , , , , , , , , , , , | Leave a comment