The cost of Brexit to December 2018: Towards relative decline?

The UK economy is 2.5 per cent smaller than it would be if Britain had voted to remain in the European Union. The knock-on hit to the public finances is £19 billion per annum – or £360 million a week. The latest update of the Centre for European Reform’s cost of Brexit calculation, which covers the period from the referendum to the fourth quarter of 2018 shows a slight increase compared to our third quarter estimate, which put the cost at 2.3 per cent.