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’

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.

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.

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.

'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

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.

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.

We need the word “rejoin“ to have the same weight and significance as the word “Brexit“.

The UK has "significantly underperformed" compared to the European Union and the US since the referendum in 2016, new Goldman Sachs analysis shows.

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.

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.

The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.

Brexit could cost the UK economy up to 30 times as much as the country hopes to gain back from securing a new trade deal with US President Donald Trump, official figures suggest.

Customs expert warns that open border between tariff regimes was an invitation to smuggle.

Difficulties cannot be dismissed as no more than teething problems, say experts.

The UK's manufacturing sector has been battered by Brexit and coronavirus.

Vacancies in sectors most reliant on EU workers not translating into higher wages.

Real household incomes have fallen by 0.5 per cent over past two years amid pound’s slide and welfare cuts.

Hospitality entrepreneur and leave campaigner Luke Johnson has admitted that Brexit has cost the UK economy growth.

The UK's economy is 5% smaller than it would have been if it had chosen to stay in the European Union, according to an analysis by Goldman Sachs.

Chancellor Jeremy Hunt has accepted that Brexit has imposed “costs” on the UK, but insisted he did not believe EU withdrawal would make Britain poorer in the long run.

Economists at Natixis are trying to examine the effects on the UK economy of the June 2016 referendum that triggered Brexit. They look at the different important variables and seek to determine what the overall effect of Brexit has been on the United Kingdom.

Brexit has made supply chain "bottlenecks" worse in the UK, according to the independent financial watchdog that provides the government with data.

The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.

The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.

Effects will continue to drag on economy for years to come, says Andrew Sentance. / Britain’s economy is trapped in “no-man’s land” by Brexit and the next decade could be the weakest for growth since the second world war, a former senior Bank of England policymaker has warned.

Six years on, it seems Europe still hasn’t got the memo. For that matter, neither has Britain. The United Kingdom, rather than leaping boldly into a brave new future, is imploding. Europe, meanwhile, seems to have found a new sense of purpose.

GIVEN the ruling Conservatives’ seeming penchant for pulling the wool over the electorate’s eyes on Brexit, it was heartening last week to hear Mark Carney deliver some home truths.

The International Monetary Fund ruffled feathers across the Irish Sea with its new forecast for the UK economy this week, now expecting GDP growth to slow to a paltry 1.2pc in 2023, by far the slowest amongst the G7 economies.

Home-grown problems shave 0.2 per cent off UK GDP, while euro zone economy grows by the same amount.

The UK economy rediscovered a reverse gear in January as renewed coronavirus lockdowns knocked output while trade suffered a Brexit hit, according to official figures.

Rees-Mogg’s efforts to reap economic benefits from Brexit has come up woefully short.

The five key metrics are not pointing to anything good.

Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.

Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.

Disruption at Dover blamed for hit to UK supply chains.

Damage will be four times greater than hit to EU, study says - after Boris Johnson refused to carry out his own.

Brexit is set to have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure that almost eclipses the total amount the UK has paid toward the European Union budget over the past 47 years.

Brexit will have cost the UK more than £200 billion in lost economic growth by the end of this year - a figure which almost eclipses the total amount the UK will have paid towards the EU budget over the past 47 years.

From the outside, nothing much has changed yet. From the inside, however, the UK has undergone a radical and at times ugly transformation. The June 2016 referendum has helped set off a chain of events that has impacted many aspects of life in the country.

5.2% GDP shortfall ‘mostly’ down to Britain’s exit from EU, according to top think tank.

The ruling Conservatives’ efforts to big up their paltry free trade deals with Australia and New Zealand took something of a comic turn this week, with the revelation that the UK Government was shipping signed copies of The Beano to the two countries.

31 January marks the two-year anniversary of the UK’s official withdrawal from the EU. Investment Monitor examines how hard Brexit has hit the UK economy so far.

THE UK is set to see a sharp slowdown in economic growth as mounting supply chain crisis and staff shortages, largely blamed on Brexit, threaten to derail Britain’s recovery, according to a major business group.

In this week's Brexit downsides, extra food labelling costing up to £250mn, a huge drop in overseas students, veterinary shortages in NI, and more.

So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.

Brexit-induced labour shortages are going to be a limiting factor in the pursuit of growth, growth, growth

The consequences of ending the free movement of people between Britain and the EU are becoming painfully clear.

GDP shows negative growth for first time in nearly 7 years.

Britain’s exit from the European Union will cost the bloc around 0.5% of economic growth over the next 24 months, but Brexit will be more than four times more painful for the United Kingdom, the European Commission said on Thursday.

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

Admission lays bare limited benefits of ‘ambitious’ agreement with Donald Trump.

As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.

The clip was filmed in 2018 as part of a three-part documentary on the US embassy called Inside the American Embassy.

Sky's Paul Kelso, at the CBI's annual conference, says there is a clear message that Brexit isn't working for business and the government is failing to deliver policies that will help growth recover.

Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.

The Central Bank has warned that a no-deal Brexit could reduce the growth rate of the Irish economy by up to 4% this year.

Asked about feared 4% GDP slump, Jeremy Hunt says he doesn’t accept ’all’ OBR forecasts – adding ‘I accept all the ones I agree with’.

The UK economy has been forecast to suffer an over £700bn blow to output due to the collision of Covid-19 and Brexit, the National Institute of Economic and Social Research warned today.

Household incomes are around £1,500 year lower today than they were expected to be before the Brexit referendum – with the UK having experienced the sharpest income growth slowdown of any economy for which the OECD publish data.

The UK’S membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership offers little gain for the British economy.

A new cross-party group comprising of MPs, business leaders and economic exports is being established to provide independent scrutiny of the UK’s trade deals with Europe and the rest of the world.

Last update before Thursday's election reveals flat growth in the UK's GDP for October and the last quarter

A Brexit involving staying in the customs union would leave the UK £80bn worse off a year than if it had remained in the EU, a report says. / The National Institute of Economic and Social Research (NIESR) said tax income would fall by £13bn a year.

There's little talk of reversing the decision, but evidence of Brexit-induced harm is piling up.

UK buildup of finished goods rises in December at second-fastest rate since 1992

Accountancy firm warns of stalled economic recovery without EU trade agreement.

ONS figures show GDP fell by 0.3 per cent in April, with all three main sectors suffering a fall in output for the first time since January 2021.

Keir Starmer must be brave and try and reunite us in some way with the rest of our continent.

Almost three years after the United Kingdom's formal departure from the European Union, voters are turning sour on the 2016 decision to leave. A recent poll showed that 57% of voters view the departure from the EU as a mistake compared to the 52% who voted for the original Brexit referendum. So what changed?

The former chancellor said the Conservatives, Labour and national broadcasters "won’t talk about it", but the split with the EU is to blame.

"Our approach is going to be achingly pragmatic," the Cabinet Office minister said.

Economists tell us Brexit will have a substantial economic impact on our lives. But how would ordinary people experience them? Ben Chu looks at the possible impact on wages, benefits and taxes.

In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.

Following the vote to leave the EU in June 2016, economists set about forecasting what Brexit meant for the future of the British economy. But how accurate did those forecasts end up being?

Under the UK’s new immigration system, migrants from the European Union face more restrictive rules than those from the rest of the world. The effects on overall migration numbers may be limited, but the skills and sectoral mix of migrants may look substantially different.

We looked at breakdowns by analysts and the government on the money spent so far, and the estimates on what is still to come.

Analysis: The UK’s revised-down Q3 figures should come as no surprise given business has been in second gear since 2016.

[Irish] Employers' group Ibec has warned economic growth next year could be more than halved if the UK leaves the EU without a deal.

The UK economy will perform worse than any major economy this year, even worse than sanctions-hit Russia.

NPR's Sacha Pfeiffer talks with Financial Times political editor George Parker about the continuing effects Brexit has had on U.K. politics and the economy.

We are stuck in the Tory game of make-believe that everything is coming up roses in an English country garden. The reality is that following Brexit the rest of the world looks at England with a mixture of perplexity, pity, and amused contempt.

Labour big beast Neil Kinnock has warned Keir Starmer he might struggle to meet a key election pledge without rejoining the EU’s Single Market.

"I have three priorities for our economy: growth, growth and growth." / Yet several reports say one significant factor to have impacted negatively on Britain's growth and economy — also creating a barrier to future performance — is Brexit itself.

An influential survey found that the UK’s manufacturers saw their growth drop to the lowest since October.

BREXIT has caused the UK economy to spin in a "downward spiral", a north-east MSP has said.

Brexit trade deal is largely lacking in areas vital to the UK economy, such as services. / The UK economic will be significantly smaller of the longer term.

Read it and weep. With no 'sunlit uplands' in sight, further research into the impact of Brexit confirms some of our worst fears.

EIGHT in 10 smaller firms which face being impacted by the imposition of import checks next year have said they are not fully ready to comply with the new paperwork.

The political implications of a no deal outcome threaten to be every bit as significant as its economic fallout, Anand Menon and Jonathan Portes write.

The Office for Budget Responsibility (OBR) said borrowing would be almost £60bn if the UK leaves without a deal - up from £29.3bn if it does get a deal.

‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.

Dame Carolyn Fairbairn likens walking away from trade talks to ‘setting fire to the garden shed’ when the house is already in flames.

Carolyn Fairbairn says many businesses cannot prepare for no deal during Covid-19 crisis.

The fall-out from Brexit continues to "complicate trade and hamper growth" in the north's construction sector, according to the latest industry barometer from Aecom.

More than three quarters of small businesses that export to Europe say the EU trade deal has not helped them grow sales.

The expansion of the UK's manufacturing sector slowed to a seven-month low as inflation ate into household spending and exports dropped in part due to Brexit.

A "perfect storm" of Brexit, covid and poor macroeconomic fiscal policies by the Conservatives has weakened Britain's economy and diminished the UK's standing in Europe, says economist Duncan Weldon.

The pound is already under pressure from fears that Britain will fail to clinch a trade deal with the European Union by the end-2020 deadline.

“The reason the UK will have the lowest growth in the G7 next year is Brexit. We’re not going to reverse the decline until we begin to remove the barriers – economic, social, scientific – that we chose to erect with the rest of our continent. That’s not rocket science. Just say it.”

A 0.2% contraction between April and June was weakest since fourth quarter of 2012.

Aviva's senior economist, Stewart Robertson, discusses how the impact of Brexit on the economic landscape and what the future might look like now we have left the European Union.

Britain has been outside the EU’s legal regime for a year and has faced a number of impacts.

IoD and unions among groups writing to government, saying move would cause business chaos, harm rights and threaten environment.

New research conducted by the British Chambers of Commerce has found that British businesses are being hampered in their trade with the EU because of the current Brexit deal but it finds that some changes and a few "side deals" could solve some key problems.

As small businesses crumble, shelves get emptier and the care-worker shortage intensifies, life outside the EU is having a dire effect on many of us. Why aren’t politicians talking about it?

You can’t restrict immigration without damaging trade deals. / For years the Brexiteers have been in denial about the contradictions inherent to their project. Now they are coming out in the open.

The Prime Minister is facing a strong backlash from business leaders after claiming that “post-Brexit freedoms have enabled the government to cut red tape saving British businesses £1 billion per year."

Liz Truss and Rishi Sunak feel bound to talk lower spending to party members, but the former chancellor at least must see the folly of losing billions off our GDP.

Brexit is forecast to do more permanent damage to the economy than Covid. But this self-inflicted wound can be healed.

Businesses that make sporting goods, children’s toys, jewellery and medical goods have struggled the most with the border costs imposed by the UK’s decision to leave the EU.

In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.

The UK economy is 2.9 per cent smaller than it would be ... model also shows that the biggest victim of the Brexit vote has been business investment, while the weaker pound has failed to foster the big gains in exports that some Brexiters hoped for.

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.

Thanks to Brexit, sterling is becoming a risky bet for some investors.

This paper reviews the literature on the implications of EU membership for the UK. It concludes that membership has raised UK income levels appreciably and by much more than 1970s’ proponents of EU entry predicted. ... The economic benefits of EU membership for the UK have far exceeded the costs of budgetary transfers and regulation.

Boris Johnson’s plans to shred the Northern Ireland protocol have no basis in law, economics or diplomacy.

Figures on the cost of Brexit reported by ITV last week could have given a misleading impression of the cost of leaving the EU.

It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.

The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.

New Labour’s architect says only rebuilding bridges with the EU will solve what Sunak calls Britain’s ‘profound economic challenge’.

It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.

A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.

There is an obvious flaw in advocating Brexit on the basis that it’s less costly than the worst pandemic the world has faced in a hundred years. But this aside, the claim Covid-19 is a bigger economic shock than Brexit deserves further interrogation.

Britain's economy is on course to deteriorate to the level of deeply-struggling Italy over the next decade if it is unable to overcome the hit taken by challenges, including Brexit, according to a new report.

This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far.

Sajid Javid urged to make ‘radical interventions’ to avoid ‘a very bleak winter’.

CBI warns uncertainty is crippling UK economy with country at risk of lagging behind G7 competitors.

Just under three in four British exporters believe the UK-EU post-Brexit trade deal is not helping them increase sales, according to a new survey from the British Chambers of Commerce (BCC).

Only the reversal of Brexit can start to fix the state three prime ministers have left the country in.

How has the Leave vote affected the UK economy, ask Swati Dhingra and Thomas Sampson (LSE) in this second of two blogs based on the CEP Election Analysis briefing on Brexit.

The UK Trade and Business Commission is gathering evidence to understand the main challenges facing businesses, organisations and economic sectors to establish which policies and trading arrangements will help overcome the economic and trading barriers facing the UK today.

Author of agreement accused of ignoring ‘every reputable trade specialist and 100 years of trade theory’

Trade from the UK to the EU is down 16% on the levels anticipated if Brexit had not happened, research has found.

The U.K.’s dominant services sector flatlined in October, the only part of the economy not to contract.

Hit to national income – around £420m a week – greater than Boris Johnson’s discredited claim of a £350m boost to be lavished on the NHS.

"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.

Ratings agency cites weakening economy, Brexit woes and coronavirus shocks.

The political impasse over Brexit threatens to “suffocate” business investment across the UK, with the economy grinding to a halt as a temporary boost from stockpiling comes to an end, the British Chambers of Commerce (BCC) has warned.

Leaving the European Union had an impact on the UK economy equivalent to the coronavirus pandemic and likely reduced output by 4%, the chairman of the Office for Budget Responsibility told the BBC.

Britain’s economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed on Monday.

A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.

The UK economy saw no growth in the final three months of 2019, as manufacturing contracted for the third quarter in a row and the service sector slowed around the time of the election.

The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.

Britain's economy hit reverse in January on renewed coronavirus curbs while the nation's post-Brexit EU goods exports suffered a record collapse, official data showed Friday.

The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.

Hopes that political stability might lead to recovery dashed by Covid-19 crisis.

Decision to leave shrank the British economy by reducing growth and spurring higher inflation, economists say.

The UK is on course to be the world's worst-performing major economy this year, according to updated predictions from the International Monetary Fund - which puts at least part of the blame on higher taxes and interest rates.

UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU.

Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.

CBI’s measure of private sector growth drops to -3 in February from zero in January.

Business group downgrades GDP rises and warns dwindling investment will hurt long-term economy. / Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group.

Thinktank says Brexit and Covid-19 mean Britain could take bigger economic hit over next few years.

Britain will be on course for more distant economic ties with the European Union, making the country poorer, if Prime Minister Boris Johnson wins parliamentary backing for the Brexit deal he clinched with Brussels on Thursday.

A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.

Factories’ slowdown and weak activity in services signal “minimal” economic growth in second quarter.

Growth in the UK’s manufacturing sector slowed further last month to a two-year-low as concerns over the global economy and raw material shortages impacted new orders.

One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.

MAC has warned replacing freedom of movement with a points-based immigration system after Brexit could cut economic growth.

Total retail sales fell 1.3 per cent last month from a year ago, marking the worst September since 1995 when the British Retail Consortium (BRC) and KPMG started collecting the data.

The UK has recorded a record fall in trade with the EU in the first month since the end of the Brexit transition period.

Government accused of ‘failure and broken promises’, as exports set to slump next year.

Worries over the impact of Brexit and coronavirus mean more than 70 per cent of the UK’s small and medium-sized businesses do not expect the country’s economy to grow during the rest of 2020, according to new survey data.

Britons are counting the cost of Brexit as the combination of the referendum, pandemic and energy crisis takes its toll.

Councils and port health authorities risk being overwhelmed, Institute for Government says.

Boris Johnson’s agreement estimated to cost 6.7% of expected GDP rise over 15 years.

THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.

Dr Thomas Sampson is a Lecturer in the Department of Economics and a Trade Research Programme Associate at the LSE’s Centre for Economic Performance.

The UK economy looks sickly against international comparisons, so let’s be honest about the three causes.

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.

A project manager’s disdain at chancellor Jeremy Hunt’s speech to Bloomberg's city HQ – ‘the UK will soon probably need to start offering its own nomad visa just to get people to come here,’ probably resonated with many IT contractors.

The economic fallout from leaving the EU is becoming all too apparent.

British sentiment toward leaving the European Union appears to be changing. As the United Kingdom marks a year since its Brexit referendum vote, a new opinion poll shows that a majority now wants to stay. Special correspondent Malcolm Brabant gets a range of reactions as the country faces its independent future.

The Mirror man called the UK's split with the EU "a disaster, a nightmare," adding that "long term it'll take 4% off the economy."

British firms are yet to see any upside from Brexit, according to one of the UK’s top executives, who urged Prime Minister Rishi Sunak to improve the trade agreement with the European Union to boost growth.

Centre for European Reform figures show that by the end of last year, the economy was 5% - or £31 billion - smaller than it would have been if the UK had stayed in the EU.

The modelling estimates Scotland's GDP could be around 6.1% lower compared to if it remained a member of the EU.

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.