Brexit Will Cause Twice As Much Damage To The UK Economy As COVID

There is already a figure for the damage caused to the British economy by Brexit. As published by the Office of Budgetary Responsibility (OBR), the English equivalent of the Spanish AIReF, the long-term damage of leaving the EU on the island state’s GDP will be 4%, compared to 2% caused by the coronavirus pandemic. “In the long term, Brexit will have a greater impact than the pandemic,” OBR President Richard Hughes told the BBC.

The institution also warned of the damage that inflation would cause on the already damaged situation of families. The situation of scarcity and lack of supplies of all kinds, together with “the highest inflation in the last three decades”, around 4.4%, may end up becoming an explosive mix.

The main problem, Hughes added, is “the sum of the two great crises”, which involves receiving the impacts of both blows at the same time. Although it is true that the British Government could not know that a historic health crisis was going to unleash just a couple of months after it signed the exit from the EU, it was Boris Johnson who decided to cancel all the extension periods it offered. Brussels and negotiate the most basic trade agreement possible amid the pandemic.

Support for Northern Ireland deal grows
A poll was also released this Thursday showing growing support for the complex trade solution for Northern Ireland. According to the study by LucidTalk, the main pollster in the British province, 51% of citizens support the so-called Northern Irish Protocol, which keeps the territory within the EU Common Market and establishes customs controls between the province and the rest of the United Kingdom .

69% also admit that the delicate historical situation of the territory requires a different trade agreement from the rest of the country in order not to resuscitate the larvae civil war that ravaged Northern Ireland during the last century. These are the highest endorsement figures collected in the last year.

Even so, the main problems remain customs procedures, the ban on importing meat from Britain – particularly sausages – and the lack of a Northern Irish voice in Brussels. Needs that are fully aligned with the EU’s proposals to improve the agreement being negotiated these weeks with London .

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