Brexit cost UK economy at least 6% in lost growth, Bank of England data analysis finds
By
Karl Matchett
18d ago· 3 min readenNews
Summary
Analysis of Bank of England data reveals Brexit has cost the UK economy at least 6% in lost growth, based on a decade of data from thousands of British firms. External studies suggest the true economic impact could be even higher, with some estimates averaging 8% when using alternative methodologies. The UK economy had been growing strongly prior to the 2016 vote to leave the European Union.
Source
bskyBrexit cost UK economy at least 6% in lost growth, Bank of England data analysis findsindependent.co.ukKey quotes
· 3 pulledBrexit has cost the UK economy at least six per cent in lost growth, an analysis of Bank of England (BoE) data shows
Economists looked at ten years' worth of data and decisions from thousands of British firms, as well as the growth and economic factors that have occurred since the UK voted to leave
The consensus was a fall of six per cent from company data and an average of eight per cent when using five ot
The UK economy was growing strongly prior to the vote to leave the EU
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