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The British economy has lost 36,000 million due to 'Brexit', according to a report

 According to the CER model, investment in the UK has fallen by 13.7% since 2016.



British Prime Minister Boris Johnson.



British Prime Minister Boris Johnson.British Prime Minister Boris Johnson.EP

The UK economy is 5.2% smaller than it would have been had the country not left the European Union , representing an impact of around 31 billion pounds (36.45 billion euros), according to a report. of the think tank Center for European Reform (CER).


The United Kingdom definitively disassociated itself from the community bloc on January 1, 2021 , in the midst of the pandemic, so it is difficult for economists to dissociate the effects caused by Brexit from those of the measures against the coronavirus, the group highlights. thinking.



To isolate the impact of Brexit, CER researchers have compared the evolution of the British Gross Domestic Product (GDP) with that of a group of countries whose economy behaved in a similar way to that of the United Kingdom before 2016 , when the Brexit was celebrated. referendum on the EU (United States, Germany, New Zealand, Norway and Australia).


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Their analysis concludes that British GDP fell substantially below that of that group when the pandemic hit and, although it also recovered abruptly, it was 5.2% below those economies. The think tank also underlines that between 2016 and the arrival of the coronavirus, the UK economy had already lost 2.9%, given that "investment began to decline with the referendum."


According to the CER model, investment to the United Kingdom has fallen by 13.7% since 2016 , while merchandise trade -both exports and imports- has decreased by 13.6%. The impact of Brexit on inflation, on the other hand, "is small compared to the rise in global prices for manufactured goods, energy and raw materials."


The end of the free movement of workers between the UK and the EU has impacted the British labor market , although the report highlights that the number of employees who "became inactive" during the pandemic has had a more important effect. in the problems of companies to recruit new workers.


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