Edward C Prescott on the EU, business cycles and European economic research

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Why did voters vote to Leave or Remain? @JulieAnneGenter @Income_Equality

There were few difference across the political spectrum as to why voters voted to Remain or Leave. This is according to Lord Ashcroft’s survey on referendum day of over 12,000 voters.

Source: How the United Kingdom voted on Thursday… and why – Lord Ashcroft Polls

Labour and Tory voters voted to leave to regain control over immigration and sovereignty.

Labour and Tory voters who wanted to remain thought the EU and its single market was a good deal not worth putting at risk. It is all about identity politics, not inequality.

Vote Leave voters are a grumpy lot who think things have been getting worse for 30 years:

Leavers see more threats than opportunities to their standard of living from the way the economy and society are changing, by 71% to 29% – more than twice the margin among remainers…

By large majorities, voters who saw multiculturalism, feminism, the Green movement, globalisation and immigration as forces for good voted to remain in the EU; those who saw them as a force for ill voted by even larger majorities to leave.