The UK’s weak economic growth and Brexit: Is the worst over?
According to John Springford, an associate fellow at the London-based think-tank Centre for European Reform, Brexit has cost the state £40 billion (€46.1bn) since 2019.
“The 2019-2024 parliament raised taxes by around £100 billion, and if we take the OBR’s 4% loss of productivity to be the true figure, £40 billion of those tax rises were needed because of EU withdrawal,” he wrote in a recent study.