The Delusion That Bankrupted A Nation

Pieter Boel Large Vanitas Still-Life 1663 Oil on canvas, Musée des Beaux-Arts, Lille.
Image: Wikipedia

The latest economic facts about Brexit:

Mark Carney. Governor of the Bank of England, “told MPs yesterday that UK households were £900 per year worse off than they would have been based on forecasts from May 2016 – just before the Brexit vote. As the Bank of England governor put it, “that’s a lot of money”. And that’s before we’ve even left the EU.

The vote to leave the EU has [caused] the value of the pound to tumble and inflation to rise from 0.5% to 2.5%.

But worse economic disruption could be yet to come if May’s hard-Brexit plans wrench us out of the EU’s single market, with which we do half our trade.” Open Britain.

Lucas Vorsterman Triumph of Poverty c. 1624 -30
Pen in brown, with gray and brown wash, black and red chalks, and white highlights, British Museum, London. Image source: WGA