Brexit Dampens UK Economy: GDP, Exports, Investment Lag as Prices Rise
• U.K. economy is 5% smaller than if Brexit never happened due to lower trade & investment • U.K. GDP per capita up just 4% since 2016 referendum vs 8% in eurozone & 15% in U.S. • U.K. inflation 31% higher than in 2016, more than U.S. & eurozone • Exports 15% lower due to trade barriers with EU and supply chain disruption • Investment stalled 5% lower than if Brexit never occurred due to uncertainty