Brexit delivers a shuddering blow to UK economic data

With four consecutive quarters of declining business investment, 2018 recording the lowest annual growth rate of the economy since the financial crisis of 2009 and a slump in output last December of 0.4 per cent, the effects of Brexit were stamped all over the national accounts data published by the Office for National Statistics. Economists have been calculating the Brexit effect on the economy for more than a year and most agree that it has cost Britain between 1.5 per cent and 2.5 per cent of gross domestic product.