Post by Arise News (@arisenews)

Fresh economic research suggests Brexit has had a lasting impact on the UK economy, with multiple studies linking the country's departure from the European Union to slower growth, weaker investment and reduced productivity. While economists acknowledge that the COVID-19 pandemic complicates efforts to isolate Brexit's effects, several analyses estimate the UK economy could be 6% to 8% smaller by 2025 than it would have been had it remained in the EU. Research also points to lower business investment, weaker productivity and reduced trade, driven by uncertainty, changing trading arrangements and declining business confidence. Although some economists dispute the scale of the impact, major institutions including the Bank of England and the National Institute of Economic and Social Research warn that Brexit's economic consequences may continue to weigh on growth, public finances and competitiveness for years to come

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