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Brexit Has Already Cost the U.K. More than Its EU Budget Payments, Study Shows

4 monthes ago   |   By

The damage to the U.K. economy caused by the vote to leave the European Union two years ago already exceeds the size of the budget contributions Britain will be able to claw back when it finally leaves the bloc, according to an economic study by the Centre for European Reform.
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The Brexit vote has already wiped £440 million a week from Britain's economy

The Brexit vote has already wiped £440 million a week from Britain's economy

4 monthes ago   |   By

Britain's economy is 2.1% smaller than if it had voted to stay in the EU, according to new research.
Higher levels of borrowing as a result of foregone growth mean the UK government is having to borrow an additional £23 billion a year.
That means Brexit is already costing the Treasury £440 million a week.
Theresa May claimed last week she would fund extra NHS spending through a "Brexit dividend," but researchers said the dividend does not exist.
LONDON - Brexit has slashed Britain's public finances by £440 million a week, according to new research, which found the UK economy is already...
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