brexit-8211-uk-has-lost-6.6-billion-pounds-in-economic-activity-each-quarter-since-referendum

Brexit – UK has lost 6.6 billion pounds in economic activity each quarter since referendum

An anti-Brexit protester demonstrates outside the Houses of Parliament in London, Britain, April 3, 2019. REUTERS/Henry Nicholls

LONDON (Reuters) – The United Kingdom has lost 6.6 billion pounds in economic activity every quarter since voting to leave the European Union, said S&P Global Ratings, the latest company to estimate the damage from the country’s messy Brexit process.

In a report published on Thursday, the ratings agency’s senior economist, Boris Glass, said the world’s fifth biggest economy would have been about 3 percent larger by the end of 2018 if the country had not voted in a June 2016 referendum to leave the bloc.

Quarterly growth rates would have averaged about 0.7 percent, rather than 0.43 percent, he said.

“Immediately after the referendum, the pound

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