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Brexit Is Costing the UK £100 Billion a Year in Lost Output
Posted
February 6, 2023
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1:21Now PlayingFrom business investment to the ability to hire workers, Brexit is costing the £100 billion ($120 billion) a year in lost output, according to Bloomberg Economics. Alex Morgan explains.
Brexit is costing the UK economy £100 billion a year ($124 billion), with the effects spanning everything from business investment to the ability of companies to hire workers.
An analysis by Bloomberg Economics three years after Britain left the European Union paints a bleak picture of the damage done by the way the split has been implemented by the Conservative government.
Economists Ana Andrade and Dan Hanson reckon the economy is 4% smaller than it might have been, with business investment lagging significantly and the shortfall in EU workers widening.
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