Brexit may have cost the UK 5% of productivity – BoE paper
Study draws on newly developed survey of decision-makers at UK firms
The unusually persistent uncertainty triggered by the June 2016 referendum has harmed UK investment and may have led to a 5% drop in productivity, researchers say.
The Bank of England with the universities of Nottingham and Stanford recently developed a survey of major UK firms called the decision-maker panel (DMP).
In a new BoE staff working paper, researchers draw on the survey, launched in August 2016, to gauge the economic impact of three years of uncertainty around Brexit.
The Brexit
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