Leaving the European Union had an impact on the UK economy equivalent to the coronavirus pandemic and likely reduced output by 4%, the chairman of the Office for Budget Responsibility told the BBC.

The economy is 4 per cent lower than if the UK had remained in the European Union, the chairman of the Office for Budget Responsibility (OBR) has said.

UK seeing ‘biggest squeeze on living standards’ on record, says head of fiscal watchdog.

Brexit reduces the UK’s overall output by 4% compared to if the country had remained in the EU, an expert has said.

Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.

Chris Heaton-Harris says "no", leaving the EU has not damaged the economy. / Northern Ireland Secretary Chris Heaton-Harris was left struggling to defend the economic case for Brexit, after being put on the spot by Sky News’ Sophy Ridge.

As self-inflicted disasters go, it ranks as one of the worst in modern economic history."

An Ipsos poll suggests that most people think Brexit is going worse than expected.

Grays, a town near London, voted overwhelmingly in favour of Brexit. But three years after severing ties with the EU, some are feeling remorse as the country lurches from one crisis to another.

The problems have been "amplified" by Brexit, the former Bank of England governor said.

Government accused of ‘failure and broken promises’, as exports set to slump next year.

The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.

THERE is “no desire in Scotland to have membership of the EU”, Scotland Secretary Alister Jack has claimed despite significant evidence to the contrary. / "So does it come as a surprise to the secretary of state that a poll last year showed 69% of Scottish voters want to rejoin the EU?”

The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.

So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.

I look back to 1973 as the post-war year when Britain accepted the loss of its empire and chose a new European destiny.

The people of Scotland must be given a choice about their future given the damage inflicted by Brexit, Constitution Secretary Angus Robertson has said. / Marking two years since the end of the transition period to leave the European Union after 47 years of membership, Mr Robertson highlighted the negative impacts Brexit continues to have on Scotland’s economy.

THERE have been no advantages to leaving the European Union, the Constitution Secretary has said on the second anniversary of the end of the Brexit transition period.

But the EU does not want to reopen debates about the terms of the Brexit deal: “Only in the UK are people still arguing about Brexit,” a source said. “No one in Europe thinks about it any more.”

In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.

"The UK chose Brexit in a referendum, but the government then chose a particularly hard form of Brexit, which maximized the economic cost."

Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.

"Good to see the BBC wading into the fray at last, now that the damage it's causing is too great to conceal", one person said.

Hunt repeatedly said he did not “accept” the OBR’s prediction that Brexit will cause a 4 per cent GDP reduction in the long term.