£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 was the total cost of being a member of the EU from 1973 until 2018 according to the House of Commons briefing paper?

What are the two main points the article makes regarding the cost of Brexit compared to EU membership?