Costs of Brexit vs Costs of EU Membership

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On Friday, the pound fell by 1.57% on fears of Brexit.

In dollar terms, our GDP is now 1.57% smaller than it otherwise would have been.

The total cost of being in the EU is less than 1% of GDP.

In other words, in dollar terms, just talking about leaving the EU has already cost us more in GDP, in a single day, than the entire year’s cost of membership of the EU.

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