Brexit cost 6% of UK economy, Bank of England company data suggests
An analysis of Bank of England data suggests that Brexit has reduced the size of the UK economy by approximately 6%. The decline is attributed to post-referendum uncertainty and increased trade barriers.
Why it matters
Understanding the long-term economic impact of Brexit is crucial for evaluating UK fiscal policy and future trade relations.
Share Save Add as preferred on Google Faisal Islam Economics editor Getty Images The UK economy has taken a 6% hit from the effects of Brexit, according to economists analysis of internal Bank of England data about the decisions, views and financial results of thousands of British companies since the referendum a decade ago.
The article presents the findings of an economic study while acknowledging counter-arguments and the complexity of isolating Brexit's impact.
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