Home Uncategorized Here’s what Brexit has cost the UK

Here’s what Brexit has cost the UK

1st Apr 19 11:01 am

According to Goldman Sachs the ever-ongoing Brexit saga has cost the UK economy nearly 2.5%, of GDP since the EU referendum in 2016.

Brexit uncertainty has cost around £600m per week since the referendum, the American investment bank has said.

Sachs economists said due to Theresa May’s Brexit deal being defeated for the third time on Friday, a softer and longer EU departure is now more likely.

In a note to clients, Goldman Sachs economists said, “Politicians in the UK are still struggling to deliver on that vote.

“The resulting uncertainty over the future political and economic relationship with the EU has had real costs for the UK economy, which have spilled over to other economies.

“Uncertainty shocks weighed on investment growth in the immediate aftermath of the Brexit vote, as well as more recently amid the renewed intensification of Brexit uncertainty.”

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