BREXIT could cost the UK €300 billion

[Scoobes]

AnthonyW86 said:

Scoobes said:

AnthonyW86 said:
So the UK's economy would be 0.6% smaller by 2030 but cancelling the budget paymants alone would already save them 0.5% gdp right from the start? And that's just one saving. Sound like a great deal to me if you get all your souverinity back. And other country's would be cheaper off they say?

You realise a healthy economy is supposed to have its GDP increase over time, right? This would be a contraction at worst or stagnation at best. Either would be bad.

For comparison, the UK GDP has increased by over 70% since 2000-2013 (according to Google).

The UK economy would still grow just fine, it would just be 0.6% smaller by 2030 than if they hade stayed in the EU. So it's not a 0.6% shrink overall. And currently UK pays roughly 0.5% of it's GDP to fund the EU budget, and that budget will only get bigger in years to follow. And there are very big risks to UK's economy if they stay in the EU aswell. For example the banking taxes and other restrictions for the financial sector the EU is working on, witch would hurt London's financial centre hard.

Re-read it, and that 0.6% is their best-cae scenario. It could be anywhere from 0.6-14% according to them.

As for the financial sector, I very much doubt that'll happen and even if it does, London will be an exception. It brings in too much for that.