Johnson’s Trump-Brexit
According to the most thorough study so far, Boris Johnson’s Brexit deal will reduce average income per head in Britain by 6.4%. It will cost you about £1300 a year if your income is £20,000. That’s not as bad as “no-deal” (8.1%). It is worse than Theresa May’s deal (4.9%), and of course a lot worse than Remain. The bad economic impact comes from the barriers to trade and the barriers to immigration. Immigration, which mainly brings in young and energetic workers, boosts economic growth. That is not the worst of it. Boris Johnson’s prime alternative to the economic integration which Britain...