Brexit will make UK workers poorer over next decade, report says
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An academic report "The Big Brexit" says some negative impacts on trade cannot be explained by the pandemic and is down to the UK's departure from the EU.
@ailiphilia
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53d

Around a third of brits - supposedly the richer ones - are investing in capital markets, and a large part of these capital investments are denominated in USD. Since the day of the Brexit vote, the GBP lost 20% against the dollar, so investors increased their asset values in terms of GBP by 20% just by the currency devaluation alone.

Following concerns that the UK will be less attractive as a base for foreign companies, the British government reduced the corporate tax rate from 20% before the Brexit vote to 19% in 2019 and further to 17% in April 2020. Out of the rich and the poor, guess who is going to benefit?

@incici
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Of course it did. Just as everyone predicted.

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