Cost of Brexit to the UK economy

Brexit is likely to have cost more than £200 billion in lost growth by the end of 2020 – almost as much as its total payments to the EU budget over the past 47 years, according to Bloomberg Economics


Jun 23, 2016: UK referendum on whether to leave EU. 51.9% vote to leave


Loss of real GDP by year
(£ billions, inflation-corrected)

					UK payments to EU budget†

£bn 200					203.188	£215.625bn
					70.362*
150

100				132.826
			69.461	63.365*
50			47.244
		22.217
0	0.451	21.766
	2016 	2017 	2018 	2019	2020 	1973-2020

Cumulative loss 

  

*Bloomberg estimates. 
†Figures for 2016-2020 are HM Treasury forecasts


Sources: Bloomberg Economics, House of Commons Library 
Picture: Getty Images 
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