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Chancellor says Brexit deal caused long-term damage to economy
Rachel Reeves chose to stress the long-term damage done to the UK economy by the 2020 Brexit deal, in her remarks at a key international economic committee at the International Monetary Fund (IMF). In remarks published this weekend, the chancellor told the world's leading finance ministers and central bankers: "The UK's productivity challenge has been compounded by the way in which the UK left the European Union." She quoted the OBR's calculation of a 4% long-term hit relative to remaining in the UK, and said the UK "acknowledges this" in seeking stronger trade ties. Labour had been reluctant to stress arguments ... (full story)
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- Oct 20, 2025 12:08am Posted byFundamental Analysis15,301
