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The report also suggests that in both scenarios, it is richer cities – predominantly in the South of England – which will be hit hardest and most straight by Brexit. This reflects the fact that these cities specialize in financial and business companies which are predicted to be hardest hit by the increase in tariff and non-tariff limitations that Brexit may carry. This pattern of results means that the predicted unfavourable impacts are greatest for areas that tended to vote stay.
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-It will probably inspire contemplating how the AS analysis and what one has seen occurring during the last three a long time could BOTH be true. For instance, if empirical measures of excessive-end inequality came out precisely the identical in 1960 as right this moment – which might go properly beyond their discovering merely “modest” excessive-finish growth – may the adjustments we have observed nonetheless have been taking place? I discover it very plausible that cultural and behavioral changes since that point could have this upshot. If folks at the high, in 1960, did not flaunt and flex their wealth to almost the identical degree then as they do now, both in client markets or in politics, then the modifications so many people have observed could mirror that, reasonably than (simply) material modifications in distribution.
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