Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday.
‘A terrible, self-inflicted own goal’: Kevin Maguire pins Britain’s economic woes to Brexit
12/04/2023
The Mirror man called the UK's split with the EU "a disaster, a nightmare," adding that "long term it'll take 4% off the economy."
Paul Johnson, director of the Institute for Fiscal Studies (IFS), has told PoliticsHome Brexit and last year’s political turmoil may be among factors that have contributed to the IMF's gloomy economic forecasts for the UK.
Brexit is to blame for the Dover travel misery blighting Britons’ Easter holiday trips to the Continent, a senior Tory MP said on Monday.
On fifth anniversary of referendum, nation still deeply divided by decision to leave EU.
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.
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.
Slump in business investment since vote to leave EU has cost each household £1,000 in lost productivity
A Bank of England policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households.
The former chancellor said the Conservatives, Labour and national broadcasters "won’t talk about it", but the split with the EU is to blame.
A project manager’s disdain at chancellor Jeremy Hunt’s speech to Bloomberg's city HQ – ‘the UK will soon probably need to start offering its own nomad visa just to get people to come here,’ probably resonated with many IT contractors.
THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.
The UK is on course to be the world's worst-performing major economy this year, according to updated predictions from the International Monetary Fund - which puts at least part of the blame on higher taxes and interest rates.
Probably not the anniversary present the government was hoping to offer the public.
The forecast leaves the UK economy languishing behind sanctions-hit Russia.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
Brexit barriers are having a significant impact on North East small and medium-sized enterprises (SMEs), hitting their exports as they struggle with regulations and red tape, a new report this week reveals. The region’s universities are another sector badly hit...
A UK-first consultation has been launched to gather evidence on the biggest issues facing all industries - including farming - since Brexit.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
Inflation and the cost-of-living crisis – both of which are also linked to Russia’s invasion of Ukraine – have been made worse by the cost of Brexit, according to the Ex-Secretary of the Department for Exiting the EU.
'Immense damage' done by Brexit is something I cannot ignore: Sadiq Khan attacks government 'denial'
12/01/2023
Sadiq Khan is expected to attack the Government’s “denial and avoidance” of the “immense damage” he says Brexit is wreaking upon the country.