Deep Dive: Tackling post-Brexit labour supply exodus 'key' to bolstering growth

Following UK-EU reset

Economists have estimated the British economy took around a 4% hit from Brexit, almost nine years on since the referendum vote on 23 June 2016.

The impact of divorcing from the European Union (EU) has prompted several industry players to call the last ten years a ‘lost decade' for the UK, in tandem with the ‘lost decade' post-global financial crisis. But according to Jamie Niven, senior portfolio manager at Candriam, one of the biggest post-Brexit losses has been the significant reduction in labour supply and tackling this shortage will be "key" to restoring some growth. The UK-EU summit a chance for the continent to showcase unity 'in a less American world' He highlighted that, pre-2016, the UK's economic growth was "bene...