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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 the economic harm that it has done becomes ever clearer, all but the most die-hard Tory Brexiteers are increasingly prepared to admit that Brexit was a mistake. Trade with the Europe has slumped, productivity is down, and there are 4,000 fewer European doctors working in the NHS.
New figures put the cost at £1,000 of leaving the EU at per household per year.
Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.
The 2016 referendum result led to business investment being ‘stopped in its tracks’ and a ‘productivity penalty’ of £29bn, says Professor Jonathan Haskel.
Leaving the EU cost every household in Britain and Northern Ireland around £1,000, according to Bank of England policy-maker Jonathan Haskel.
As self-inflicted disasters go, it ranks as one of the worst in modern economic history."
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.
Sectors from fishing to aviation, farming to science report being bogged down in red tape, struggling to recruit staff and racking up losses for the first time.
Bank of England policy maker Jonathan Haskel said uncertainty over Britain’s exit from the European Union held back business investment in the U.K.