Business Standard

500 mn pounds a week: The cost Britain has paid for Brexit, says study

Public finances have been dented by 26 billion pounds a year, the equivalent of 500 million pounds a week and a figure that is growing

Brexit
Premium

Anti-Brexit demonstrators wave EU and Union flags outside the Houses of Parliament in London (File Photo: Reuters)

Reuters
Britain's decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out for the moment any future savings from stopping payments to the bloc, according to a study published on Sunday.

The economic impact of the Brexit vote has been the subject of intense debate, with supporters and opponents of leaving the EU seizing on positive and negative data to reinforce their case.

The Centre for European Reform, a research group that focuses on the European Union, said the British economy is about 2.5 per cent smaller than it would have been

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2018 | 4:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com