"The tangible benefits of #Brexit." A thread.
For the EU, the tangible benefits of Brexit have been immense. Not just in the way it has galvanised support for the EU across the bloc, but in the way that the UK has made itself...
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...the least competitive advanced economy in the world. Don't forget -- we're no longer a trading partner of the EU, but its main trading rival, and considering both their population and economy is 7x bigger than ours, we don't stand a chance.
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(Remember Boris Johnson's famous mutterings about business...? Something that could only have been said by a man born into fabulous wealth and privilege...)
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But the big win for the EU has been in the sheer, gob-smacking, eye-watering amount of assets that have been stripped from the UK and moved to banks and financial institutions in Dublin, Paris, Frankfurt etc.
$1.6 trillion as of October this year.
That is an INSANE amount.
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I'll try to put it into perspective: $1.6 trillion is over half our entire GDP. It's 1/64th of the WORLD'S entire GDP. If you stacked it up in $100 bills, it would reach FOUR TIMES the height of the International Space Station.
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