Larry Elliott makes two main arguments in his article (I’ve got news for those who say Brexit is a disaster: it isn’t. That’s why rejoining is just a pipe dream, 5 December). He’s wrong on both.
His first point is that the EU is faltering and the UK is recovering more quickly from global headwinds. However, he is using the wrong comparison. We should not compare the UK with the EU, but with what the UK would have been like without Brexit. The opportunity cost, not the relative comparison, is the relevant factor. And on this correct measure, Brexit is deeply damaging to the UK economy.
