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Brexit Costs UK £90 Billion, Sparks Policy Reconsideration

11/25/2025

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Summary

Story summary

Brexit costs the UK up to £90 billion annually in lost tax revenues.
The National Bureau of Economic Research says the UK's GDP is 6% to 8% smaller than it could have been because of Brexit.
The average Briton is now £2,700 to £3,700 poorer.
Calls to reconsider policy and negotiate a new customs union with the EU are growing as Chancellor Rachel Reeves prepares for her Budget.

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Story summary

Brexit costs the UK up to £90 billion annually in lost tax revenues.
The National Bureau of Economic Research says the UK's GDP is 6% to 8% smaller than it could have been because of Brexit.
The average Briton is now £2,700 to £3,700 poorer.
Calls to reconsider policy and negotiate a new customs union with the EU are growing as Chancellor Rachel Reeves prepares for her Budget.