..pandemic (a week or two after we left), and a war in Europe. The assumptions on pretty much every aspect of every countries economy is not easy to do in those circumstances. The same OBR recently cut their growth prediction for this just a few months after their last prediction for the 2024 budget. Their predictions are not gospel and any long term model is riven by even greater uncertainty.
But that's not to say it's not valid. Of course it is. But what it doesn't do is override other key economic facts, on matters such as GDP, wages, inflation, FTSE performance and the like. If you want to come to a rounded conclusion then you absolutely consider those factors too. The EU isnt just a trade body. If it was then such an approach may have more merit, but we were asked to vote on the consideration of a very diverse range of factors (see here for some of the economic ones
https://www.bbc.com/news/uk-politics...endum-36355564 ) and so it is only right than an assessment of the impact considers these too.
Basing a rather bombastic statement on a prediction on one part of the economy and ignoring facts on other far more holistic metrics is discontinuous and illogical. If a big economic change were an "unmitigated disaster" then it would show up in GDP, wages, inflation, stock markets, house prices, unemployment and the like, and is easily assessed against those who didn't go through that change.
If the impact basically leads to the same level of growth Vs our peers, slightly lower unemployment, similar inflation, slightly better wage growth, similar stock market performance etc etc then the impact is highly unlikely to be "an unmitigated disaster". Unhelpful? Maybe. Disruptive? Probably? Mixed results? Sure. What was promised? Definitely not so far. Unmitigated disaster? Absolutely not.