Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries.
GDP per capita is a measure of productivity and living standards
What Is GDP Per Capita?
Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output per person. Economists use GDP per capita to determine how prosperous countries are based on their economic growth GDP per capita is calculated by dividing the GDP of a nation by its population. Countries with the higher GDP per capita tend to be those that are industrial, developed countries
Once you've worked that out, tell me what the loss of productivity that the OBR is forecasting is down to.
Hint, it's comparative advantage. When you've learned what that is, let me know.
Fuck off and learn something before you give it large pal.
The post-Brexit trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU
Lol, you are like most remain voters I encounter, you like the idea of the EU, but don't actually know anything about it. Of the 3 current federations, which one would you like the EU to become? Russia? China? USA?
Ok. Let's do some simple maths re wasted money
66b wasted plus 66b opportunity cost plus 66b to redo the work that was meant to have been done. That's 198b... And that assumes biodiversity hasn't got worse, which it has, so it will cost more. Why do you defend failure?
And no, the UK hasn't spent 200b on brexit. You are demonstrating stunning levels of economic illiteracy now.
When I present you evidence of EU incompetence and corruption, you claim this as evidence of competence and purity. 😂
And no, I won't defend yet another power structure, I'm not a nationalist, I think all politicians have the opportunity to be corrupt, I don't think that them being in Westminster or Brussels makes a blind bit of difference. You just prefer corruption with a nice accent and better coffee 😂.
The CAP has not been reformed successfully, you're confusing task with goal
Wow, if you think wasting 66b is a sign of good governance, you're lost pal
The CAP is controlled by the lobbyists, and backed by the big growing countries, always has been. It's got nothing to do with protecting biodiversity and all to do with profit
the second case, all those people were investigated and arrested and are in court now, further they were voted out of their positions too, again something I wish our government would do
Lol, those are the ones that got caught. Man, you are naive as hell
Why do you think there are over 25k lobbyists in Brussels? For the beer and chips?
But if the centralised management is flawed, as the EU's is because of the CAP and vetoes, it causes massive problems, and then the fixes are sub optimal, which compounds the issue
🤡