Within the group of advanced industrialised countries, the UK economy is set to be one of the most badly hit by the crisis. This relatively worse performance is entirely due to entirely policy choices.
The article below by Tom O’Leary provides an analysis of the recent Autumn Statement including the forecasts for growth and living standards that have been revised sharply lower by the Office of Budget Responsibility. A key point is that the OBR is clear: around 60 per cent of the cuts made to those forecasts are a result of the Brexit referendum vote. Brexit will make us poorer.