But unemployment (4 percent) just nudged down to its lowest level since 1974, wage growth is increasing and gross fixed capital formation bounced back resolutely in the second quarter from its first quarter weakness," they said. Brexit has already wiped 2.1% off the UK’s gross domestic product (GDP), according to analysis by economists at UBS. The study measured the cost of Brexit to date by examining what the UK's GDP would have been had the UK voted to remain in the EU. If Britain leaves without a deal, it will be hit with an immediate loss of around £350m ($475m) from its annual trade and investment flows, which are expected to fall as much as
Brexit has already wiped 2.1% off the UK’s gross domestic product (GDP), according to analysis by economists at UBS. The study measured the cost of Brexit to date by examining what the UK's GDP would have been had the UK voted to remain in the EU. If Britain leaves without a deal, it will be hit with an immediate loss of around £350m ($475m) from its annual trade and investment flows, which are expected to fall as much as