The economic cost of Brexit has just been laid bare – and it’s devastating (www.thelondoneconomic.com)

submitted 1 day ago by floofloof@lemmy.ca to c/unitedkingdom@feddit.uk

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cross-posted from: https://lemmy.world/post/43370429

cross-posted from: https://feddit.org/post/26040194

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[-] tetris11@feddit.uk 9 points 1 day ago

UK GDP is now 6–8 per cent smaller than it would have been by 2025 – worse than forecast, not better. That is a permanent loss of national income, not a blip.

Average metric, meaningless to the median worker.

Investment has collapsed. UK business investment is 18 per cent lower than in comparable economies, as firms put money on hold or moved it elsewhere. Employment and productivity are both around 4 per cent lower, locking in weaker wage growth and lower living standards.

Less jobs is indeed bad though, especially as we are a service economy and haven't exactly ramped up our own manufacturing capacity since Brexit happened.

this post was submitted on 20 Feb 2026

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