What effect has Brexit had on the UK economy?

The Bank of England found that business investment has slowed sharply, and reckons it will fall by even more this year. Companies are unwilling to flash the cash until they are confident about what lies ahead. That's not just down to a lack of clarity over Brexit, but a result, too, of weaker demand from elsewhere, as the likes of China and Europe slow down. As a result, the Bank now calculates the total level of GDP is about 1.2% lower than it had expected three years ago.