Great Britain is experiencing high economic losses as a result of its exit from the EU. So far, Brexit has reduced economic output by six percent, said London Mayor Sadiq Khan. This corresponds to an annual amount of 140 billion pounds (around 163 billion euros). As can be seen from previously distributed parts of a speech by the Labor politician, Khan called for Great Britain to get closer to the European Union.
More on the topic: Great Britain
Justice scandal in Great Britain: driven to ruin by the post office
Julian Assange: Why Julian Assange is a political prisoner
Migration to Great Britain: Polish women used to come, now women come from Lagos
London’s mayor commissioned a study from the consulting firm Cambridge Econometrics. By 2035, economic output is expected to decline by ten percent. According to calculations, the employment level will also fall by 2035 as a result of Brexit. Investments should be a third lower.
Mayor of London: The country urgently needs to build a closer relationship with the EU
According to Khan, “the hard version of Brexit we got” is dragging down the British economy and driving up the cost of living. “It is now obvious that Brexit is not working.” Britain urgently needs to build a closer relationship with the EU to halt the decline, said Khan, who plans to stand for re-election this year. So far, the Labor Party has held back from making clear statements about future relations with the EU.
Newsletter © ZEIT ONLINE
The money newsletter
By registering you take the Data protection
to note.
Thank you! We have sent you an email.
Check your mailbox and confirm your newsletter subscription.
According to a survey by the opinion research institute Opinium on behalf of the Sunday newspaper Observer A clear majority of eligible voters in the United Kingdom believe that Brexit has caused more harm than good.
The German economy has also recently had a negative impact on Brexit. “Brexit is an economic disaster for both sides of the Channel,” said the head of foreign trade at the German Chamber of Commerce and Industry, Volker Treier. In 2022, Germany exported goods worth 73.8 billion euros to the United Kingdom, 14.1 percent less than in 2016.
Great Britain is experiencing high economic losses as a result of its exit from the EU. So far, Brexit has reduced economic output by six percent, said London Mayor Sadiq Khan. This corresponds to an annual amount of 140 billion pounds (around 163 billion euros). As can be seen from previously distributed parts of a speech by the Labor politician, Khan called for Great Britain to get closer to the European Union.
London’s mayor commissioned a study from the consulting firm Cambridge Econometrics. By 2035, economic output is expected to decline by ten percent. According to calculations, the employment level will also fall by 2035 as a result of Brexit. Investments should be a third lower.