Brexit will damage UK's economy, stature and future

An important paper by the Washington-based Petersen Institution for International Economics lays out a stark Brexit prognosis. The paper’s authors ran 12 economic simulation models that examined the impact of Brexit on the UK, and virtually every one came out negative. Two simulations came out with a potential positive impact, but the authors concede that those scenarios were “based on unrealistic assumptions.” Just about every major academic study shows similar results. It’s hard to find a long-term forecast that demonstrates a bright post-Brexit future.