The maths formula that proves Brexit will be a disaster


Leaving the EU would be a disaster: the bods at the Treasury have done the sums. They really have. Today, journalists attending a George Osborne speech were each handed a thumping great 200-page wodge of Treasury bumph, containing the mathematical formulae they’d used. Here’s one from page 159.

1n(Tijt) = α ij  + Y t  + α₁ 1n(Y it  * Y jt ) + α₂ 1n(POP it  * POP jt ) + ε ijt

= α ij  + Y t  + αX ijt  + ε ijt

So now you know. Case closed. You can imagine the shockwaves this will send through the country. In pubs across the land they’ll be talking of little else.

“Don’t know about you, Baz, but I’m voting to leave. Get immigration down, take back our country, and stop this lot in Brussels pushing us around.”

“Come off it, Dave. Be realistic. What about 1n(Tijt)?”


“Yeah, 1n(Tijt).”

“What’s 1n(Tijt)?”

“Well, it’s equal to α ij  + Y t  + α₁ 1n(Y it  * Y jt ) + α₂ 1n(POP it  * POP jt ) + ε ijt .”

“God, that’s a point. I’d never looked at it like that before.”

“See, it all makes sense when you think about it.”

“Fair enough, got me bang to rights there. And there was me thinking 3x(Tijt) = α it ₁ * Y jt  + (X * Y it ) + 2X it ₃ – ε njt .”

At first I thought this was a joke. But apparently it is a real formula.



About mathtuition88
This entry was posted in math and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.