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Podcast: Beyond Currency
Episode: Brexit has cost £1,000 per household
Description: Brexit has cost the UK £28 billion, according to Bank of England official and MPC member Jonathan Haskell. That equates to roughly £1,000 per household.
The majority of that figure relates to a fall in private sector investment in the country, which has slowed to a trickle and is a significant contributor to the significant fall in productivity and output.
The vote to leave the EU has resulted in severe scarring to the economy and according to Haskell, the Government can only hope that the damage inflicted is not permanent, although it will take a generation for the country to return to it...