An external member of the Bank of England’s Monetary Policy Committee, Jonathan Haskel, has claimed that Brexit has cost British households about 29 billion pounds (32.829 billion euros), or 1,000 pounds (1,132 euros) on average, he explained in an interview on ‘The Overshoot’.
Haskel also stated that the United Kingdom has seen its productivity «enormously diminished» since the consummation of the exit from the European Union, which, in turn, led to a worsening of investment and growth expectations for the British economy.
«The UK’s potential GDP has shrunk by around 4.5% in recent years, which is a severe blow,» he said.
In this regard, the Bank of England has recently said that Brexit is another factor that is hurting the economy’s potential growth.
Likewise, in its February monetary policy report, the institution already warned that the expected trade slowdown due to the divorce with Europe had occurred earlier than estimated.
Source: (EUROPA PRESS)
