Brexit costs for UK £100 billion a year in list production
Brexit costs for UK £100 bil...
Subscribe to Newsletter

Brexit costs for UK £100 billion a year in list production

31 January 2023
1 min.
Brexit costs for UK £100 billion a year in list production

The UK economy

Britain's exit from the European Union (Brexit) is costing the economy £100 billion annually due to lost investment, loss of staff and income from trade. This was reported by Bloomberg agency.

According to its data, the size of the British GDP by the end of 2022 would have been 4% more if the country had not left the European Union. The kingdom also lost about 370,000 workers from the EU.

Earlier, the Center for European Reform informed that the exit of the kingdom from the EU cost £33 billion by June 2022. "Brexit, obviously, had a significant negative impact on the UK economy," said deputy head of the Centre for European Reform John Springford.

The Bloomberg study admits that calculating how much production was lost because of Brexit is not "easy or accurate," not least because leaving the EU coincided with the seismic upheaval caused by the coronavirus pandemic.

Nevertheless, it is clear that the U.K.'s economic performance began to diverge from the rest of the G7 after the 2016 vote to leave the EU, and it has widened since then.

It is worth recalling that the UK left the EU on February 1, 2020, after several years of negotiations. On Jan. 1, 2021, the post-Brexit transition period, during which the United Kingdom was subject to all European regulations, expired. In December 2020, the parties reached a deal on post-Brexit relations, which implies a free trade area for goods and services without quotas and tariffs.

Persons1 and Companies2 in the news

Deputy director of the Centre for European Reform
1 place
Bloomberg L.P.
1 place
Source foto:
Rating companies
13 Mention
11 Mention
Daily Mail
9 Mention
Labour Party
7 Mention
X (Twitter)
7 Mention
The Sun
6 Mention
6 Mention
5 Mention


News -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
News - this is coverage of the economic processes taking place in England, the latest news of public life, incidents and an overview of political events. English news is information about the activities of small and medium-sized businesses, the work of housing and communal services, the implementation of significant projects. The site's journalists describe not only the life of the region, but also talk about the current state of the English economy. Everything you need to know about innovations in the field of industry and agriculture, economy and government is collected in the "News" section on
News of England promptly informs the reader, shows the real picture and opens up topical topics. Communication with government structures and business gives us the opportunity to provide our readers with reliable, information-rich material.
The main page of the portal contains the key news of England!
Alena Potapova

Development Director
Died this year
Born this year