Brexit will cost UK workers about £1,300 in lost income each year, say experts

Press quote (Evening Standard)
12 April 2023

John Springford, deputy director at the Centre for European Reform, told the Standard: “Britain’s productivity determines how much money people are paid. So a full-time worker with average earnings will be about £1,300 worse off a year as a result of Brexit.

...“The OBR’s estimate of the Brexit hit is the average of a range of forecasts undertaken by reputable economists, and isn’t definitive. The impact in the long run could be less, or more, than the OBR thinks. But if it’s right, the impact of Brexit on people’s earnings will be substantial.”