LONDON - Britain’s chaotic exit from the European Union has cost the economy about 600 million pounds per week since the 2016 referendum, Goldman Sachs said on Monday in a report that underscores how Brexit uncertainty has dented investment.
“The resulting uncertainty over the future political and economic relationship with the EU has had real costs for the UK economy, which have spilled over to other economies.” The bank’s estimates came as data showed factories in Britain stockpiled for Brexit at an explosive rate last month, unlike anything seen before in a major rich economy and a prelude to a likely sharp investment shortfall ahead.
European countries would be most exposed to this scenario, the economists estimated, and could see output losses of around 1 percent of real GDP.
Remainers asking for another year, well if you get it you will have to pay for it I guess. EU will ask for more money too as they are fighting off going into recession and want us with them to pay the bill.
Are all those debating indicativevotes2 in the House of Commons today aware of this report?
True headline should read ' incompetent MPs cost Britain 600 million pounds per week'
The cost of pride
And still manged to out grow the German economy. I'm sure the French and Italians will be delighted given how many trillions they've lost by staying in!!!
Fine, we were unsure to extend the Brexit service for another 2 weeks or 2 months... With such a deal, we may take another year!
What’s the value of democracy?
How does Goldman Sachs work that one out?
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »