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Brexit Leaves an Economic Cost of 8% of GDP: the Lost Decade of the UK

Summary by Moncloa
What has happened? A Global Trade Policy Observatory (GTPO) report released on June 22, 2026 quantifies the economic impact of Brexit ten years after the referendum. British GDP has contracted between 6% and 8% compared to a scenario of permanence in the EU. Who is behind it? Experts like Jonathan Portes of King’s College, and former minister George Bridges note that Brexit has been a “gradual and cumulative drag” on trade, investment and produc…
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What has happened? A Global Trade Policy Observatory (GTPO) report released on June 22, 2026 quantifies the economic impact of Brexit ten years after the referendum. British GDP has contracted between 6% and 8% compared to a scenario of permanence in the EU. Who is behind it? Experts like Jonathan Portes of King’s College, and former minister George Bridges note that Brexit has been a “gradual and cumulative drag” on trade, investment and produc…

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Moncloa broke the news on Monday, June 22, 2026.
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