The UK Economy: Brexit and COVID-19 Take Their Toll
Brexit's Negative Impact
The latest data on the UK economy suggests that Brexit and COVID-19 have taken a significant toll. The economic hit has been substantially negative, with Brexit having a particularly detrimental impact.
Shifting Brexit Debate
The debate around Brexit is shifting, with the overall effect on the UK economy and people's living standards appearing to be negative. Six years after the referendum that took the UK out of the EU, the economic case for Brexit is increasingly being questioned.
GDP Hit
Economists estimate that by the second quarter of 2022, Brexit had hit GDP by as much as 6% relative to what it would have been without Brexit.
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