openpolitics.com

Fear, Loathing and Brexit

My rough calculations, which are in line with other estimates, suggest that Britain would end up about two percent poorer than it would otherwise be, essentially forever. That’s a big hit.

.. impacts of Brexit would be uneven: London and southeast England would be hit hard, but Brexit would probably mean a weakerpound, which might actually help some of the old manufacturing regions of the north.

.. For that is the most frustrating thing about the E.U.: Nobody ever seems to acknowledge or learn from mistakes.

.. The E.U.’s failures have produced a frightening rise in reactionary, racist nationalism — but Brexit would, all too probably, empower those forces even more, both in Britain and all across the Continent.