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.
PM dug into a corner by refusing to compromise on sovereignty but EU reached ‘pain threshold’
'Brexit has been a disaster': Brexiteer says UK needs to rejoin EU to gain economic growth [4 mins]
19/11/2022
The only way the UK can gain economic growth is by 'rejoining the EU,' says LBC caller.
Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
The UK is lagging behind European counterparts in terms of growth because of Brexit, the Director of Tax Research UK tells Nick Ferrari.
Three years after the UK formally exited the European Union, the International Monetary Fund (IMF) has released new economic forecasts for 2023 which project that the UK will be the only advanced economy to contract this year.
British companies say EU customers have walked away from them because of the new red tape.
A trade collapse with the EU shows that the damage will linger on far longer than Liz Truss did.
A comprehensive and impartial assessment of the implications of Brexit for economic activity in the UK and the rest of the world.
Bank of England cuts UK growth forecast
01/08/2019
Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.
Andrew Bailey said the deal was broadly in line with what the BOE forecast in November.
Boost to UK economy from US trade deal could be 450 times smaller than loss from no-deal Brexit, government analysis finds
03/03/2020
Official document puts likely benefits of free trade agreement with Donald Trump at below 0.2 per cent of GDP – and possibly as little as 0.02 per cent.
Boris Johnson accused of misleading voters after claiming there is 'absolutely zero' risk of no-deal Brexit
19/11/2019
'I believe the trade experts', says ex-treasury minister David Gauke - pointing to consensus rejecting claims of rapid new deal.
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
The report estimated the PM's deal would be worse for the economy than continuing with the current indecision and uncertainty
Boris Johnson's own official government figures shows his Brexit deal will make British people much poorer
17/01/2020
Johnson's own government's analysis suggests that a deal along the lines of that backed by Parliament will reduce annual economic growth by 6.7% compared to staying in the EU.
It’s not easy to wipe the trademark grin off Richard Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country.
Brexit has added to the UK's economic woes by lowering the value of the pound and contributing to price rises, an ex-Bank of England governor has said.
Brexit blues: From Wetherspoon to Next, the company bosses who loved Leave until reality hit
11/11/2022
But six years on, reality is kicking in and some of the most ardent Brexiteers - including the heads of major UK employers - are starting to change their tune.
Brexit brings a blight, not a boon
22/11/2022
We need the word “rejoin“ to have the same weight and significance as the word “Brexit“.
Brexit Britain has 'significantly underperformed' compared to EU and US since 2016 referendum
14/02/2024
The UK has "significantly underperformed" compared to the European Union and the US since the referendum in 2016, new Goldman Sachs analysis shows.
Brexit Britain: Here's what the financial markets tell us about the economy effects of leaving the EU – Professor David McMillan
27/01/2022
A year after Britain left the European Union, you could be forgiven for thinking the current economic gloom has nothing to do with Brexit, and everything to do with Covid.
‘Brexit is materially restricting our growth now,’ manufacturer Farrat says. / Manchester — Sick of customs delays and extra bureaucracy since Britain left the EU, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate — in Germany.
Brexit Chickens Come Home to Roost
07/06/2022
While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”
Brexit has cost the UK economy billions of pounds in lost trade and tax revenues, according to research shared with ITV News by the Centre for European Reform. / It estimates the economy is 5% smaller than it would have been if the UK had stayed in the EU.