BOE Official Says Brexit Cost Every British Household £1,000
- Wave of business investment ‘stopped in its tracks’ by Brexit
- Haskel says ‘Productivity penalty’ cost UK economy £29 billion
This article is for subscribers only.
A Bank of England policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households.
Jonathan Haskel, an external member of the Monetary Policy Committee, said that the UK “suffered much more” from its productivity woes since exiting the European Union led to a sharp drop in the pace of business investment.