Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.

High inflation, low investment confidence and a weaker currency make the UK an attractive target for European suitors.

Speakers past and present have criticised Brexiteer Dominic Raab's suggestion that he could prorogue parliament to force through a no-deal Brexit against the wishes of MPs if he becomes prime minister.

It was “always inevitable” that Brexit would have an impact on UK trade with the rest of Europe, chancellor Rishi Sunak has admitted.

“These forecasts are a vital indicator of the health of the nation’s finances," Mel Stride said.