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Ian Bond, a former British ambassador to Latvia who is now director of foreign policy at the Centre for European Reform, said: “There are a lot more ways this can go wrong than right, with Trump cancelling the autumn Nato exercises, accepting the Russian annexation of Crimea and linking trade and security.”

Brexit has slashed Britain's public finances by £440 million a week, according to new research, which found the UK economy is already 2.1% weaker than it would have been if the country voted to stay in the European Union. A report from the Centre for European Reform (CER) found that — thanks to lower tax revenues — the knock-on hit of the vote to leave the EU to public finances has been £23 billion per year.

The prime minister is edging towards something that looks much like a single market in industrial goods, to counter the need for regulatory checks at the Irish border — or any of Britain’s ports — after Brexit. “It is a proposal under current consideration,” says Charles Grant, director of the Centre for European Reform. He wonders whether Mr Johnson and fellow Eurosceptics might quit rather than swallow it.

The pro-European think tank the Centre for European Reform concluded that the British economy is 2.1 percent weaker than it would have been if the country voted to remain in the EU, and has hit the country’s public finances at a cost of £440m ($583 million) a week.

A new analysis has found that the UK’s decision to exit the European Union has already slowed the nation’s economic growth by a cumulative 2.1% as of the first quarter of 2018, compared to likely results had Brexit been rejected two years ago. The study also found that the referendum vote is now costing the British government £440 million ($584 million) per week in lost tax revenue, challenging longtime claims by Brexit supporters that leaving the EU would improve government balance sheets. The study is from the pro-EU, London-based Centre for European Reform.

The economy is 2 per cent smaller than it would have been had Britain not voted for Brexit, a leading think tank has claimed. The Centre for European Reform (CER) said that the performance of the economy, compared with what it would have been if the 2016 referendum had gone the other way, was significant.

Meanwhile research by the Centre for European Reform (CER) think tank indicated Brexit had already made the UK economy 2.1% weaker than it would have been if voters had decided to stay in the EU. ...The CER estimate of a 2.1% smaller economy than if the UK had voted to remain in the EU is equivalent to a knock-on hit of £23 billion a year to the public finances, some £440 million a week.

The CER estimate of a 2.1% smaller economy than if the UK had voted to remain in the EU is equivalent to a knock-on hit of £23 billion a year to the public finances, some £440 million a week. The think tank created a model using data from similar OECD economies including Canada, Japan, Hungary and the US to estimate how the UK would have performed if the referendum result had gone the other way.