Money and business

Production challenges… "Brexit" Cause long-term damage to the British economy


Confirmed Rachel Reeves that exit known as "The impact of Brexit on the British economy

The minister cited calculations from the Office for Budget Responsibility, which estimated that "Brexit" It cost the country a long-term loss, equivalent to (4%) compared to remaining within the Union, adding that the United Kingdom acknowledges this in its effort to build stronger trade relations.

The ruling Labor Party had avoided addressing the economic negative aspects of Britain’s exit from the European Union, but since its annual conference held last month, ministers have become more acute in dealing with the issue.

It is expected that the negative effects of Brexit will become an essential part of the government’s discourse as the budget date approaches on November 26.

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