Brexit's Impact on the UK Economy
Ten years after the Brexit referendum, studies have shown that the United Kingdom's departure from the European Union reduced the gross domestic product by between 6% and 8%, while investments declined by 12% to 18%. Productivity and employment dropped by approximately 3% to 4%. This has led to a erosion of economic growth and increased pressures on public finances, with living standards declining and tax revenues decreasing by £65 to £90 billion annually. These effects reflect long-term consequences that are likely to influence future economic policy decisions.
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