The cost of Brexit to England\u0027s Conservatives should serve as a lesson to conservatives in North America
On the Right, the coverage was superficially better — The Daily Express called the budgetary statement “VICTORY.” But then, not far below that headline, the paper added: “UK faces highest tax burden since Second World War.”
Well, Brexit. Jeremy Hunt is the author of the autumn statement — we’d call him the minister of finance, but at Westminster he is called the Chancellor of the Exchequer — and, not so very long ago, even he strenuously opposed Brexit.Article content – As noted, GDP was 5.2% smaller and investment 14% lower than what they would have been had the UK remained in the EU. In effect, the British economy shrunk and hasn’t bounced back.
For North American conservatives, there is a lesson here. Donald Trump favoured Brexit, Joe Biden didn’t. Biden won.
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