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.
Johnson's much-trumpeted FTAs “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
The cost of Brexit to June 2022
21/12/2022
My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.