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Brexit has cost UK £130 billion, says Bloomberg

January 12, 2020 6:10 PM
By Fergal O'Brien in Bloomberg
Originally published by Southend Liberal Democrats - Working For You

U.K. Prime Minister Boris Johnson wants to "unleash Britain's potential." First the economy has to catch back up with the rest of the world.

Research by Bloomberg Economics estimates that the economic cost of Brexit has already hit 130 billion pounds ($170 billion), with a further 70 billion pounds set to be added by the end of this year. That's based on the damage caused by the U.K. untethering from its Group of Seven peers over the past three years.

Full story here