Britain paying a ‘Brexit tax’ for leaving EU, former government minister claims

• Former foreign secretary David Miliband has described Brexit as an act of "sabotage", claiming it costs Britain up to £30 billion annually, which he likens to a "punishing Brexit tax every day".
• Writing in Sir Anthony Seldon’s book The Brexit Effect, Miliband urged a future Labour government to prioritise rebuilding closer ties with the EU to mitigate further economic consequences.
• His remarks coincide with The Independent's new campaign, "Europe: The Way Back", which will investigate the impact of Brexit and explore the UK's future relationship with Europe.
• Miliband highlighted research indicating that business investment is 12-18 per cent lower than it would have been without Brexit, with employment and productivity also seeing declines of 3-4 per cent.
• He also contended that leaving the EU has not resolved immigration challenges and emphasised the critical importance of the UK's relationship with European nations amid increasing global disorder.

IN FULL

Brexit ‘sabotage’ has cost Britain up to £30bn every year, says David Miliband