Brexit - UK loses £6.6 billion a quarter since referendum, S&P says

The United Kingdom has lost £6.6 billion in economic activity every quarter since it voted to leave the European Union, according to S&P Global Ratings, the latest company to estimate the damage from Brexit. In a report published on Thursday, the ratings agency’s senior economist, Boris Glass, said the world’s fifth-biggest economy would have been about 3 percent larger by the end of 2018 if the country had not voted in a June 2016 referendum to leave the EU. Quarterly growth rates would have averaged about 0.7 percent, rather than 0.43 percent, he said.