Brexit has cost the UK economy the same amount as Covid and the war in Ukraine, the head of the government economic watchdog has said.
Office for Budget Responsibility chair Richard Hughes also said Britain faces “biggest squeeze on living standards” in history.
Brexit has reduced UK economic output by four percent, the OBR found, largely due to a fall in imports and exports of around 15 percent.Hughes told Laura Kuenssberg on Sunday: “It’s a shock to the UK economy of the order of magnitude to other shocks that we’ve seen from the pandemic, from the energy crisis.”
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