{"id":594934,"date":"2025-11-26T12:04:00","date_gmt":"2025-11-26T12:04:00","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/594934\/"},"modified":"2025-11-26T12:04:00","modified_gmt":"2025-11-26T12:04:00","slug":"brexit-costs-uk-118-bln-annually-in-lost-tax-revenues","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/594934\/","title":{"rendered":"Brexit costs UK $118 bln annually in lost tax revenues"},"content":{"rendered":"<p style=\"text-align:start\">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 style=\"text-align:start\">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 style=\"text-align:start\">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 style=\"text-align:start\">Brexit has done damage to Brits both nationally and individually, he added.<\/p>\n<p style=\"text-align:start\">&#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 style=\"text-align:start\">MA\/PR<\/p>\n","protected":false},"excerpt":{"rendered":"According to a document prepared by the National Bureau of Economic Research for the House of Commons Library,&hellip;\n","protected":false},"author":2,"featured_media":594935,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5226],"tags":[802,748,2000,299,5187,1699,4884,126764,16,15],"class_list":{"0":"post-594934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brexit","8":"tag-brexit","9":"tag-britain","10":"tag-eu","11":"tag-europe","12":"tag-european","13":"tag-european-union","14":"tag-great-britain","15":"tag-tax-revenues","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115615908767971235","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/594934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=594934"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/594934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/594935"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=594934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=594934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=594934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}