{"id":58371,"date":"2025-11-26T15:24:28","date_gmt":"2025-11-26T11:54:28","guid":{"rendered":"https:\/\/zardis.net\/news\/?p=58371"},"modified":"2025-12-12T10:54:03","modified_gmt":"2025-12-12T07:24:03","slug":"brexit-costs-uk-118-bln-annually-in-lost-taxrevenues","status":"publish","type":"post","link":"https:\/\/zardis.net\/news\/en\/58371\/brexit-costs-uk-118-bln-annually-in-lost-taxrevenues\/","title":{"rendered":"Brexit costs UK $118 bln annually in lost taxrevenues"},"content":{"rendered":"<div>\n<p>According to a document prepared by the National Bureau of Economic Research for the House of Commons Library, Brexit has caused greater damage to the UK economy than expected, including &#8220;significant losses in tax revenue.&#8221;<\/p>\n<p>The economic damage caused by the 2016 referendum on leaving the EU had resulted in the UK\u2019s GDP being between 6 per cent and 8 per cent smaller than it could have been, the report says. Per capita GDP fell by 2,700-3,700 pounds, TASS reported.<\/p>\n<p>According to Nick Harvey, chief executive of European Movement UK, &#8220;the red tape and uncertainty of the past nine years have hit every single one of us in the pocket&#8221;.<\/p>\n<p>Brexit has done damage to Brits both nationally and individually, he added.<\/p>\n<p>&#8220;Billions lost in tax every year, and all of us several thousand pounds poorer. Public opinion is now clear &#8211; Brexit has been an unmitigated disaster for the UK\u2019s economy,&#8221; he stated.<\/p>\n<p>MA\/PR<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a document prepared by the National Bureau of Economic Research for the House of Commons Library, Brexit has caused greater damage to the UK economy than expected, including &#8220;significant losses in tax revenue.&#8221; The economic damage caused by the 2016 referendum on leaving the EU had resulted in the UK\u2019s GDP being between [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7106,7100],"tags":[],"class_list":["post-58371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-markets-en","category-international-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts\/58371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/comments?post=58371"}],"version-history":[{"count":0,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/posts\/58371\/revisions"}],"wp:attachment":[{"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/media?parent=58371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/categories?post=58371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zardis.net\/news\/en\/wp-json\/wp\/v2\/tags?post=58371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}