Research

If England votes for Brexit, this policy, which latest Centre for European Reform figures show has cost the UK economy £31 billion so far, shall be visited on the four constituent parts of the UK, even if it damages business and, in the case of Northern Ireland, threatens a hard-won peace.

Johnson’s £31billion Brexit damage to the UK economy – the respected Centre for European Reform calculated a 5.2% growth hit – combined with polls finding most people wish we had stayed in the EU expose the protocol push as a naked attempt to appease his party’s Right-whingers.

Brexit is “largely to blame” for billions being lost in Britain’s trade and tax revenues in recent years, according to a new study .The Centre for European Reform (CER) said that by the end of last year, Britain’s economy was 5.2PC – or £31bn (€36bn) – smaller than it would have been without Brexit and the Covid pandemic.“We can’t blame Brexit for all of the 5.2pc GDP shortfall… but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CER study.

Brexit and the pandemic have reduced the size of the UK economy by 5.2 per cent compared with its peers, according to research that largely blames Britain’s exit from the European Union for stunted growth.Analysis from the Centre for European Reform think-tank found that Brexit was the main driver of weakening growth, falling goods exports and chronically low business investment.Using a model comparing the UK with similar countries to provide a shadow economy as a point of reference, the analysis concluded that Britain’s GDP was £31 billion, or 5.2 per cent, lower than its “doppelganger” at the end of last year.

Brexit is “largely to blame” for billions being lost in trade and tax revenues in recent years, according to a new study by top economists.The Centre for European Reform (CER) said that by the end of last year, Britain’s economy was 5.2 per cent – or £31bn – smaller than it would have been without Brexit and the Covid pandemic.“We can’t blame Brexit for all of the 5.2 per cent GDP shortfall …. but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CER study.

It comes as research from the Centre for European Reform (CER) showed that by the end of last year the UK’s economy was 5% smaller than it would have been had we still been members of the European Union. CER’s figures showed that this amounted to around £31 billion.

The Centre for European Reform (CER) has modelled the economic performance of a UK that remained in the EU - using data from countries like the US, Germany, New Zealand, Norway and Australia - whose performance was similar to ours before Brexit.It then compared this with the real performance of the UK economy since the referendum six years ago.

“There may be a misplaced hope that if he leaves, his replacement will make things easier with Brussels,” says Camino Mortera-Martinez, the head of the Brussels office at the Centre for European Reform. “Some think things cannot be worse, but they could. Johnson’s handling of Brexit has been amoral. But for all his misadventures, we should be careful what we wish for.”

“Central-bank-issued digital currencies run the risk of turning into a costly waste of time, according to the Center for European Reform. Europe — one of the most advanced economies considering the initiative — should instead use regulation to make payments cheaper and more competitive, the London-based think-tank said Tuesday in a report.