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Jun 17, 2026

Brexit has cost UK economy 6% and hit trade across all sectors, new analysis shows on 10th anniversary

A decade after the Brexit referendum, new analysis of Bank of England data reveals the UK economy has taken a 6% hit from leaving the EU, with trade disrupted across nearly every sector. British exporters have been forced to pivot to distant markets like Hong Kong after losing European access.

Jun 17, 2026·4 sources
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Top claims

  • ▪The U.S. National Bureau of Economic Research predicts Brexit will reduce the size of the UK economy by between 6% and 8%
  • ▪Since the UK left the EU, exports of chemicals and pharmaceuticals have fallen by 21%, and "agrifood" exports are down 29%
  • ▪Volumes of UK food exports to the EU declined by more than 23% between 2021 and 2025 compared to the five years before Brexit

People involved

Keir Starmer

Subtopics

Brexit financial cost1Business investment1EU-UK relations1European Union1International trade1Post-Brexit UK-EU relations1Trade policy1

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