At the end of this year, Brexit cost almost what the UK has paid to the EU in 47 years

By the end of this year, Brexit will cost nearly as much as the UK’s net payment of the EU in 47 years. who appears from Bloomberg accounts for economics† According to Bloomberg, had it not been for the imminent departure from the European Union, the British economy would now be 3 percent larger. So far, Brexit has cost £130 billion in lost economic growth.

By the end of this year, according to Bloomberg researchers, another £70 billion will be added. Between 1973 and 2020, the UK contributed a net amount of £215 billion to the budgets of the European Commission and the European Union interested in trade Based on figures from the House of Commons Library.

The “mega” payments to Brussels have been a thorn in the British side for decades. Margaret Thatcher waved her handbag for this reason and cried:I want to refund my money!The “Iron Lady” negotiated a reduction (the so-called “discount”) on the British contribution to the European budget.

Despite this discount, British transfers to the European Union were an important campaign topic in the Brexit referendum. For example, Brexit supporters have promised that if they leave the EU, £350m will be available every week. This money could go directly to the British healthcare system, the NHS. Shortly after the referendum, Brexit champion Nigel Farage admitted it twist used to be.