Brexit Has Already Slowed U.K. Growth by 2.1%, According to New Study
A new analysis has found that the U.K.’s decision to exit the European Union has already slowed the nation’s economic growth by a cumulative 2.1% as of the first quarter of 2018, compared to likely results had Brexit been rejected two years ago. The study also found that the referendum vote is now costing the British government £440 million ($584 million) per week in lost tax revenue, challenging longtime claims by Brexit supporters that leaving the E.U. would improve government balance sheets.
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