Fact checks looking at the impact and reported impact of brexit on the UK economy
Economy, Business & Finance
The UK is the EU’s second largest economy after Germany, or third after Germany and France, depending on the measure of GDP you look at. Read
Europe
The OBR has estimated that the Brexit “divorce” bill will come to £37 billion and will be paid off by 2064. Read
Economy, Business & Finance
32,000 people worked in steel in 2016. More than half of these jobs are in Wales, and Yorkshire and Humber. Read
Europe
Just over half of UK exports were done via EU trade agreements in 2016. 43% of exports went to EU member states. Read
Europe
Trade across the Irish border was worth at least £5 billion in 2016. Read
Economy, Business & Finance
Employment has increased since the Brexit vote, and the unemployment rate is 4.3%. Read
Economy, Business & Finance
The UK had the third-slowest GDP growth in the EU in the last year, and the value of the pound has fallen by 12% against the Euro since May 2016. Read
Europe
Although the EU’s GDP is growing, it is at a slower rate than the rest of the world’s. Read
Economy, Business & Finance
The UK economy has continued to grow since the UK voted to leave the EU. Read
Europe
Labour has not said how much money it thinks the UK should pay to the EU when we leave. It has said that ‘no deal’ is not an option. Read
