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.