Int Brexit great…
Telegraph
Time to admit the truth: Brexit has been an unmitigated economic failure Leaving the EU has reduced Britain’s GDP by up to 8pc, according to a devastating US study
Understandably, the Government is reluctant to reopen old divisions and wounds, and beyond the largely meaningless ambition of a “reset” in relations with European neighbours would much rather forget the whole thing.
But that doesn’t stop others from raking over old ground. The great bulk of this analysis tends to conclude that, from an economic perspective at least, Brexit has so far proved close to disastrous.
The latest such assessment comes in the form of a paper from the US-based National Bureau of Economic Research (NBER). This concludes that Brexit has reduced UK GDP by 6pc to 8pc, far more than most previous estimates.
Investment is worse off by between 12pc and 18pc, employment by between 3pc and 4pc, and productivity also by between 3pc and 4pc. There have been few more devastating assessments than this.
Edited on 29/11/2025 at 14:06:41.
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