General · 25 November 2025
Brexit costs UK £90 billion yearly: report
The Liberal Democrats will vote on a Customs Union Bill on December 9th. A House of Commons Library study, requested by the party, indicates Brexit reduces UK tax income by as much as £90 billion annually. This equates to £250 million each day. The National Bureau of Economic Research suggests the UK economy is 6-8% smaller due to leaving the EU. Consequently, each person in Britain is reportedly between £2,700 and £3,700 worse off.
Reported by HuffPost UK · How we write briefs