Brexit hit UK growth by £29bn, says Bank of England rate setter

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Investment in the country since the referendum has ‘stopped in its tracks’, according to a study led by Jonathan Haskel

The UK has suffered a loss of business investment since the 2016 Brexit referendum worth £29bn, or £1,000 a household, according to a study by a senior Bank of England official.

Jonathan Haskel, an external member of the Bank’s nine-strong monetary policy committee that sets UK interest rates, said private sector investment “stopped in its tracks” in the years following the decision to quit the EU.

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