‘Brexit’ hit the British economy: 140 billion pounds
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Sadiq Khan, the Mayor of London, the capital city of England, commissioned a report on the impact of Brexit on the country’s economy. Khan, who is expected to announce the report at the London government dinner he will attend this evening, made a brief statement on the subject. Stating that the British economy shrank by 6 percent after leaving the European Union (EU), Khan said that the cost of Brexit in 2023 is 140 billion pounds. According to the report prepared by Khan, a member of the opposition Labor Party who voted against Brexit in the referendum in 2016, this rate may reach 10 percent in 2035.
khan, “It is now clear that Brexit is not working. The latest version of Brexit is dragging down our economy and increasing the cost of living. This is making food more expensive, increasing the pressure on households. It is putting pressure on sectors that are vital to our success, such as hospitality, construction and financial services.” has an ongoing harmful effect.” said.
On the other hand, the predictions in the report prepared by Sadiq Khan remained high compared to the report prepared by the British National Institute of Economic and Social Research (NIESR) in November 2023. According to the report, the cost of Brexit to the country’s economy is expected to be 5-6 percent by 2035.
Britain decided to leave the EU in the referendum held in June 2016, and officially left the EU in January 2020.
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