Brexit costing UK up to £90bn in lost tax revenue a year, new analysis shows
The eye-watering fee being lost each year because of Brexit
- New analysis indicates Brexit is costing the UK up to £90 billion annually in lost tax revenues.
- The average Briton is estimated to be between £2,700 and £3,700 worse off in terms of GDP per head.
- The Office for Budget Responsibility is expected to confirm in the upcoming Budget that Brexit's economic impact has been more severe than initially projected.
- A study by the US National Bureau of Economic Research suggests the UK's GDP is 6 to 8 per cent smaller than it could have been due to leaving the European Union.
- There are growing calls for the government to address the "broken relationship with Europe" and consider negotiating a new customs union to mitigate the economic damage.