Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together
Brexit may soon cost the UK more than its combined total of payments to the European Union budget over the past 47 years, Bloomberg Economics found.A further £70 billion is likely to be added by the end of 2020, the economist Dan Hanson found.
That means the British economy is 3% smaller than it might have been if the UK had not voted to leave the EU.put the UK's total projected contribution to the EU budget from 1973 to 2020 at £215 billion after adjusting for inflation. After Prime Minister Boris Johnson's election victory in December, the UK is set to leave the EU on January 31. But business confidence and investment has dipped, and annualized economic growth has fallen to about 1% from 2%.
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