Brexit cost 6% of UK economy, Bank of England company data suggests

New analysis utilizing Bank of England company data suggests that Brexit has cost the UK economy approximately 6% of its potential growth. The study aimed to quantify the economic impact by comparing the UK's actual economic performance against a hypothetical scenario where it remained within the European Union. This significant economic figure highlights the substantial financial repercussions of the UK's departure from the EU, affecting various sectors and overall national prosperity. The findings are crucial for understanding the long-term economic consequences of Brexit and will likely fuel ongoing debates about the decision's wisdom and future policy directions. This analysis provides concrete data points for economists and policymakers to assess the true cost of the UK's exit.