Yungfei summary
Former UK Chancellor George Osborne has spoken out about the economic impact of Brexit, citing data that suggests Britain has become poorer since leaving the EU. According to Osborne, forecasters initially predicted an immediate recession following the 2016 referendum, but instead, the country experienced a slower decline in economic growth.
Osborne's comments come as forecasts from the Office for Budget Responsibility (OBR) and the International Monetary Fund (IMF) reveal that the UK's economic performance has been weaker than expected since Brexit. The data suggests that the country's GDP per capita has decreased, with the OBR predicting a 3.8% reduction by 2027.
For fans of George Osborne, it's worth noting that he served as Chancellor of the Exchequer from 2010 to 2016, playing a key role in shaping the UK's economic policy during that time.
Source attribution
This page contains an original Yungfei editorial summary based on publicly available entertainment coverage. The full article belongs to the original publisher.
Read full article at The GuardianKnown for
