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Not really, if the whole world sinks into an economic depression then the percentages won’t matter much. What will matter is the starting position and whether the country’s economy has enough headroom to ride it out.

It doesn’t. Because of Brexit.






Jonathan Portes, who is very, very much not a Brexit fan, agrees with me.

3 days later and we’re in a global economic crisis. How’s that Brexit dividend paying off for the UK now?

Oh right, we’re fucked like everybody else.




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