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Seems likely the Brexit economic impact will be drawn out over several years at least. Small companies might internalize losses in order to stay in business for a while, big companies can draw on their cash resources. And mixing the COVID-19 damage in with the Brexit numbers will give politicians cover. It might be five years before equilibrium is reached?
by asdf on Sat Apr 3rd, 2021 at 03:41:13 PM EST
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I have always seen the Brexit damage as slow and incremental rather than as a big bang. Any initial problems will be masked by Covid and it may take 10 years for the UK to recover its reputation as "the sick man of Europe". The Tories are brilliant at marketing even small wins while the big stuff will be ignored by a compliant media. Brits still don't realise that income/capita is higher in Ireland than in their Great Britain and many will not notice for many years..

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sat Apr 3rd, 2021 at 04:33:09 PM EST
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Actually, the page you linked to doesn't show any income per capita figures at all: I've searched the table at least twice. It does show plenty of figures, including a GDP par capita figure more than twice the UK's ($84 K vs. $40 K), but we know that this ridiculous number is due to leprechaun economics and adds little to the Irish people's wealth.

I've tried to find figures for the household income per capita (for "real" people, not corporation-are-people), from various sources: they tend to show a figure ($22,500 to $25,300) that is a bit behind the UK's households ($25,000 to $28,700), but not by much.

Obviously, the income has progressed a lot since Ireland joined the EU, particularly during the Celtic Tiger years, and is now closing the gap without most of Western Europe countries; it looks like  Irish household income is now higher than in Spain or even Italy.

OTOH, the income figure for UK households may actually go down over the next years, with the Brexit effects slowly eating at the people's "real" economy (not the City), as you mentioned.

by Bernard (bernard) on Sun Apr 11th, 2021 at 10:10:41 AM EST
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