Brexit caused investment in UK businesses to plateau and dealt a productivity penalty worth £29 billion, or £1,000 per household, a Bank of England policymaker has said.
Jonathan Haskel, an external member of the Bank’s Monetary Policy Committee (MPC), said in an interview that a wave of investment was “stopped in its tracks” in 2016 following the Brexit vote.
Mr Haskel was asked by Matthew C Klein, the founder of web newsletter The Overshoot, what he thinks about Britain being an “extreme outlier” when it comes to facing a slowdown in productivity.
