A few weeks before the 5th anniversary of the Brexit referendum, a “Tory” tidal wave in the UK’s local elections has planted itself with evidence of tea time. As Patrick Artus in Natics points out, the cost of leaving the European Union has so far been “very low”.

Since 2016, “limited” declines in growth, employment, industrial production, productivity gains, business investment and foreign direct investment have not deviated the surface of the Thames. The potential increase fell by only half a point.

Conversely, residential construction, exports, pounds, purchase of financial assets by non-residents, real wages, and employment in financial services are essentially performed and subsequently rebounded. — Kovid Britannia Rules.

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