£222 Billion: The Cost of Brexit So Far? - Brexit Explained

The video examines claims that Brexit has cost the UK more than its EU membership since 1973. It references an article by Bloomberg, which estimates a 200 billion pound GDP loss by 2020 due to Brexit. However, Full Fact research shows the UK's EU contributions were 216 billion pounds by 2018, suggesting Brexit costs haven't exceeded EU membership costs. The analysis is based on economic trends and extrapolations, lacking concrete causality evidence. Despite slower economic growth post-referendum, the video concludes that Brexit's financial impact is significant but not definitively greater than EU membership costs.

What is the main claim discussed in the first section of the video?

• Brexit has had no impact on the UK economy.

• The UK economy has grown faster since Brexit.

• Brexit has cost the UK more than its EU membership since 1973.

• The UK has benefited economically from Brexit.

Who conducted the analysis that the Bloomberg article is based on?

• Dan Hanson

• Full Fact

• Fergal O'Brien

• Claire Milne

What is the estimated economic impact of Brexit on the UK economy by the end of 2020?

• 250 billion pounds

• 200 billion pounds

• 150 billion pounds

• 100 billion pounds

According to Full Fact, how much had the UK paid to the EU by 2018?

• 250 billion pounds

• 230 billion pounds

• 216 billion pounds

• 200 billion pounds

What is the conclusion regarding the cost of Brexit compared to EU membership?

• Brexit costs are negligible compared to EU membership.

• Brexit has not cost more than EU membership.

• Brexit costs are equal to EU membership costs.

• Brexit has cost more than EU membership.