Brexit's True Cost: Over £200B

New economic research reveals Brexits long-term cost to the UK economy could exceed two hundred billion pounds, contrary to earlier predictions. The Labour Party, led by Prime Minister Keir Starmer, acknowledges the significant economic impact, shifting their stance on the topic. This move is partly driven by a strategy to counter Nigel Farages Reform party. Economists suggest official forecasters underestimated the damage by half. Studies indicate that without Brexit, the UKs growth rates would have been closer to the US, not France and Germany. The research emphasizes that Brexit was a series of changes causing prolonged uncertainty, leading to reduced investment, spending, and hiring, and diverting company resources towards navigating new trade rules.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.