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Evening Standard
Evening Standard
World
Nicholas Cecil

Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns

Budget United Kingdom Brexit European Union Economy Jeremy Hunt OBR G7 GDP

Brexit is dragging down the economy and its impact is set to get worse due to new trade barriers, the Government’s Budget watchdog is warning.

The UK’s Gross Domestic Product (GDP) is set to grow by a modest 0.8 per cent this year, before picking up to around two per cent annually over the next four years, according to the Office for Budget Responsibility.

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