New figures put the cost at £1,000 of leaving the EU at per household per year.

FOR anyone persuaded by Rishi Sunak’s recent claim that the UK has made “huge strides” with Brexit, there was an important reality check last week.

In our series looking at life after Brexit, the European parliament’s former negotiator Guy Verhofstadt argues that Britain exchanged a Jaguar for a Ford Fiesta in the 2016 referendum.

With its economy in tatters, England is not having its finest hour. It is a time of transition for the United Kingdom... /

There is only one real way to properly calm the markets – the Prime Minister and the Chancellor need to reverse the unfunded tax cuts they announced.

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity.

If Britain ends up in the recession expected by the Bank of England, public anger will be looking for an outlet. / I asked Albrecht Ritschl, professor of economic history at the LSE, what single move the UK government could make to alleviate the pain. “Suspend Brexit for 20 years.”

We desperately need to rejoin the single market and customs union, whatever the former PM thinks.

Our silence over the issue is compounding the problem.

Wales voted for Brexit by the same margin as the UK overall, 52 to 48 per cent, in sharp contrast to Northern Ireland and Scotland. / There is evidence that disproportionate support for Leave among the 21 per cent of Welsh voters who were born in England tipped the vote for Leave in Wales.

'Would we have won without immigration? No. Would we have won without...the NHS? All our research and the close result strongly suggests no. Would we have won by spending our time talking about trade and the single market? No way'

The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.