News · 19 June 2026
Brexit cost UK economy 6%, Bank data suggests
Photo by Matt Brown on Unsplash
The UK economy has taken a significant hit of about 6% from Brexit over the last decade, according to a study using internal Bank of England company data. Around half of this economic impact came from the early uncertainty after the referendum, with the rest due to rising trade barriers from 2021. The study, co-authored by Professor Nick Bloom, offers important corroboration to other wider analyses that suggest an average 8% impact.
Reported by BBC · How we write briefs