Brexit costs: how much has brexit cost? Is it more than the eu bill?
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At present, however, experts are predicting tax cuts and increased borrowing in the upcoming budget will give the UK economy its much-needed ‘growth-spurt’. The impact of Brexit on the pound
now depends on what happens in trade negotiations, due to begin in February. Dr. Steven McCabe, Associate Professor, Institute of Design and Economic Acceleration and senior fellow at
Birmingham City University’s Centre for Brexit studies, told Express.co,uk: “Crucially, though Friday is hugely evocative for those who have long believed the UK’s economic future is better
served outside of the EU, the proof will be in what emerges from the next stage in the process of withdrawal - the nature and content of the free trade agreement.” Howard Archer, of economic
forecasting group EY Item Club, went so far as to say that Britain’s exit from the EU at the end of this month would not be a “non-event” for the pound, and that the real event to watch
would be the trade deal negotiations.