The vote to leave the European Union in June 2016 caused the pound to weaken dramatically and ushered in years of uncertainty that has reduced economic activity and triggered a slump in investment.The economy is now 2% smaller than it would have been if the United Kingdom had chosen to remain in the bloc, according to the Bank of England. The economic output lost since the referendum is worth about £800 million per week, or £4.7 million per hour.
"The reason for this underperformance relative to the rest of the world is, I believe, the uncertainty surrounding the prospect of Brexit," Gertjan Vlieghe, a member of the Bank of England's Monetary Policy Committee, said in a speech last month. The pain has also been felt by households. The pound plunged 15% against the dollar after the 2016 vote, pushing the price of imported goods higher.
WHY every election matters, as citizens of both the UK & United States have now learned the hard way.🤔While some in the UK have said they didn't vote because they didn't grasp possibe consequences of leaving the EU, some Americans didn't vote to prove a point. PlayedYourselves
Yep. Self inflicted wounds. They were never fully in the EU, anyway. Note to EU: Stop giving them more time . CAKE !!
hardworkingmeg OMG they’re so dumb.
Damn ...thats high
BS!
It will be
You're wrong. It's NoBrexit
Good! But you've forgot to mention the 350 million pounds they'll get back every week from the EU!
Your fakenews I personally know some Britts and the economy is screaming. They can’t find contractors and unemployment is lowest in decades and total employment is at record highs. idiots
Once again, the liberal LEFT is trying to block the will of the people and what they voted for. Remember they know better 🙄
As the P.M. went, Bonnet in hand to get more time to push for her deal, that isn’t acceptable to many...the weeks drag on for the U.K. To become less and less. Sad
Meanwhile... 🚨BREAKING🚨 ⬇️
kind of like the tariff war the POTUS has created which is damaging the worldwide economies as well - seems that UK might as well hold another vote on Brexit
RevokeArticle50
Wow conservatives lied
Former British spy Christopher Steele confessed that he used an unverified report submitted to a CNN website, where “random individuals” can post information, for his salacious anti-Trump dossier.