The Brexit deal is done but the damage to the UK economy is just getting started

Britain and the EU reached a trade deal to avoid the specter of a no-deal Brexit and end years of extreme economic uncertainty on both sides. "The hangover of Brexit is now beginning," says Nicholas Bloom, a Stanford economist who researched the economic impact of the 2016 referendum. Citigroup economists estimate that the UK economy will produce 2 to 2.5% less in 2021 than if relations with the EU were expanded.

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