Brexit has cut UK exports to the EU by 14.5 per cent, costing the economy £18.1bn a year, finds IPPR (opens in new tab)

New research from IPPR has found that:Reduced goods exports to the EU due to Brexit have cost the UK economy an estimated £18.1bn per yearReduced goods exports to the EU due to Brexit costs us 0.63 per cent of GDP per yearAs a result of Brexit, ours goods exports to the EU are an estimated 14.5 per cent lower than they would have been otherwiseLaura Chappell, associate director at IPPR, said:“Brexit has put a persistent drag on Britain’s economy. Our analysis shows that reduced goods exports ...