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Brexit Has Made UK Less Open and Competitive, Study Finds

  • Resolution Foundation warns of hit to productivity and wages
  • Advanced manufacturing set to be among worst-hit sectors
Commuters walk past skyscrapers in the City of London.

Commuters walk past skyscrapers in the City of London.

Photographer: Jason Alden/Bloomberg
Updated on

Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation.

The research firm said a loss of openness since Britain left the European Union is set to leave the country poorer in the coming decade, with advanced manufacturing and parts of northern England dealt the heaviest blow.