Bank of England: Brexit reduced UK economy by 6%
A study based on Bank of England data estimates that Brexit has reduced the UK economy by approximately 6% over the past decade. The analysis attributes about half of this impact to post-referendum uncertainty and the rest to increased trade barriers after leaving the EU’s customs union and single market. Bank officials acknowledge that Brexit has negatively affected economic activity, exports, and productivity, though some critics argue the study may overstate its impact.
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