Brexit Bulletin: Changing direction?

The UK economy was 2.3 per cent smaller in the third quarter of last year than it would have been if the country had voted in 2016 to remain in the EU, according to the Centre for European Reform. The pro-EU think tank trimmed its estimate for the cost of Brexit from 2.5 per cent at the end of the second quarter, after the UK outperformed the hypothetical model economy. The new estimate means a weekly hit of £320 million ($422 million) to public finances, or £17 billion a year, the group said.