Topic summary
Impact of Brexit
Extracted from the Wikipedia article Brexit.
Trade
Some analysts have suggested that the severe economic impact of the COVID-19 pandemic in the UK has masked the economic impact of Brexit in 2021. In December 2021, the Financial Times quoted a range of economists as saying that the economic impact of Brexit on the UK economy and living standards "appears to be negative but uncertain". According to the Office for Budget Responsibility, the new trade agreement between the EU and UK could, over time, result in a 4% reduction in British productivity, compared with its level had the 2016 EU referendum gone the other way.