Brexit Has Already Cost Britain Exports- We’re Poorer As A Result

This is an interesting little quantification of how Brexit has made us poorer. The value of exports is lower now Brexit is happening that it would have been without. Seems a reasonable enough calculation and answer too. It would also, to those in the know, count as being a blindingly obvious answer. For there’s this thing called the J Curve. Imports and exports are relatively inelastic in the short term, more so in the longer. The volume doesn’t change that much in the short term, while it does in the long, with respect to changes in price.

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