Damage will be four times greater than hit to EU, study says - after Boris Johnson refused to carry out his own.
Speaking on LBC's Tonight with Andrew Marr, the former Chancellor implied that he still felt Brexit was the wrong decision after having stood firmly against it during 2016's referendum.
Adam Posen, a former Bank of England policy maker, said most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.
The UK economy has been forecast to suffer an over £700bn blow to output due to the collision of Covid-19 and Brexit, the National Institute of Economic and Social Research warned today.
Household incomes are around £1,500 year lower today than they were expected to be before the Brexit referendum – with the UK having experienced the sharpest income growth slowdown of any economy for which the OECD publish data.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
The European Parliament has commissioned dozens of impact assessments or studies on Brexit from experts, across a broad range of policy areas, which are publicly available online. This webpage will be regularly updated to include further relevant publications.
A review of evidence about opportunities, challenges and risks to the North East economy and its key sectors with recommendations for action.
CER podcast: The cost of Brexit to June 2018
24/10/2018
The UK economy is 2.5 per cent smaller as a result of the vote to leave the EU. John Springford talks to Beth Oppenheim about his latest analysis, how he has refined his modelling method and the implications of the findings.
CER: What's the cost of Brexit so far?
23/06/2018
New analysis by the CER – which we will update quarterly – estimates that the UK economy is 2.1 per cent smaller as a result of the vote to leave the EU. The knock-on hit to the public finances is now £23 billion per annum – or £440 million a week.
We now estimate that the output loss due to the Brexit vote amounts to about 2% of GDP, or £35 billion. The negative drag from the Brexit vote has increased somewhat since our last estimation and now amounts to roughly £350 million a week. Under current OECD forecast, we expect the output loss to increase to 3.4% of GDP by end-2019.
Every now and then there are weeks when Brexit issues surge back to the foreground, and this has been one of them.
Analysis: The UK’s revised-down Q3 figures should come as no surprise given business has been in second gear since 2016.
A new report from the Economic and Social Research Institute (ESRI) shows that trade between the UK and the EU has declined since Brexit.
CER podcast: What is the cost of Brexit?
01/08/2018
The UK economy is around 2 per cent smaller as a result of the vote to leave the EU. John Springford speaks to Sophia Besch about his analysis, his modelling method and the implications of the result.
Brexit trade war would have ‘immediate and devastating’ impact on UK economy, industry warns
15/11/2021
Business chiefs and economists say huge disruption lies ahead if Downing Street triggers Article 16.
The UK is heading for a decade of Italy-style decline thanks to the 'long-lasting' hit from Brexit
18/05/2021
Britain's economy is on course to deteriorate to the level of deeply-struggling Italy over the next decade if it is unable to overcome the hit taken by challenges, including Brexit, according to a new report.
“The entirely avoidable Brexit crisis has had as much of an impact on UK businesses as the unforeseeable Covid-19 tragedy, and its costs are still rising."
If we are to leave the European Union we want a sensible Brexit. There’s no chance of that just now. / "Brexit has paralysed the system. It has turned Britain into a laughing stock. And it is certain to make us poorer and to lead to lower incomes and lost jobs."
BREXIT, according to its backers, was meant to create endless opportunities. So far, however, the UK has failed to make the vote profitable, with the prospect of "global Britain" quickly fading according to recent data.
The next generation will reject Brexit and the way it diminished our country – Europe will welcome us back
03/11/2021
Across the world, there is incomprehension at what we have done to ourselves.
Kelemen Archive: 'So many stories coming out revealing ... Brexit is turning out - just as experts had warned - to be a fiasco and an enormous act of economic self-harm for UK'
12/01/2021
So many stories coming out revealing that Brexiteers sold Brexit on lies and that reality of Brexit is turning out - just as experts had warned - to be a fiasco and an enormous act of economic self-harm for UK. I’ll keep track of some in this Brexit reality thread.
THE SNP have hit out at the UK Government’s “unacceptable” refusal to publish an impact analysis on the Brexit deal, despite having done so for other trade agreements.