Manabu Tamaru is shorting UK bond futures on expectations the nation will continue paying a hefty inflationary price for its divorce from the European Union.

He said many MPs privately agree that the UK should have a closer trading relationship with the EU but are too scared to say so.

The City has been plunged into something of an existential panic in recent months. Fears of international decline have crystallised in the form of a listings drought and a crack squad of City grandees are scrambling to try and steady the ship.

And why none of them actually stack up.

Prices rose by 25 per cent from December 2019 to March 2023, compared to a 17 per cent projection had Britain stayed in the EU single market.

How much has Brexit cost the UK economy? The best publicised estimate is that produced by John Springford of the Centre for European Reform, who concludes that UK GDP is currently about 5% lower than it would have been had we not voted to leave.

The former chancellor said Vote Leave misled people by saying the UK would be better off in financial terms outside of the EU.

Brexit is fuelling Britain's cost of living crisis, according to the former Deputy Governor at the Bank of England Sir Charlie Bean. / Interviewed by BBC Radio 4 on Thursday, the economist said inflation appeared to be "worse" in Britain compared to other European countries.

U.K. inflation is likely to stay higher for longer than that in the U.S. and other countries in Europe due to factors including labor-market pressure caused by the country’s exit from the European Union, Jefferies says.

Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.

UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU.

Brexit and its “devastating” impact on supply chains, especially for food, sets the UK apart from "every other country", a leading economist has declared.

The leader of the GMB union said the UK ‘needs a new settlement’ with the EU as Brexit was ‘hitting trade’.

Former Conservative Party chairman says on BBC Question "this is a word one isn’t supposed to use anymore" in attack on UK's problems.

Brexit was a “historic economic error” which has hurt the UK economy and helped to drive up inflation, Larry Summers, the former US Treasury Secretary has warned.

New research by the London School of Economics (LSE) has revealed that British households have incurred a £7 billion ($8 billion) cost since Brexit due to trade barriers affecting food imports from the EU.

Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.

MPs are increasingly looking to review point of trade deal in 2025 to push for better terms.

Speaking to Sky News, a former British ambassador to Japan noted the impact of Brexit, saying many companies are maintaining a presence in the UK, but moving the bulk of their operations to Europe. / Asked about the former ambassador's assertion, Labour's shadow environment secretary Jim McMahon told Kay Burley: "To some degree, it's a natural consequence of leaving the single market."

The former UKIP leader made the surprise comment as he was presented with the mounting evidence that quitting the European Union has damaged the British economy.

It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.

“You bring Brexiters on, you never challenge them. You let them talk utter rubbish about Brexit. Year after year after year.”

It would take just a few to say that it is a "bit of a mess and we are going to have to work together to solve it" to get Britain back on track. / “I thought Brexit was frankly completely nuts,” he said.

The former Conservative Deputy Prime Minister had some brutally frank comments on why the economy has struggled in recent years.

"Yes it is," one member of the audience shouts back at Rachel Maclean as she says leaving the EU has "nothing to do" with the downturn. / A Conservative minister has faced ridicule after stating Brexit has “nothing to do” with the UK’s economic troubles.