London (CNN Business)Brexit has been delayed, and may eventually be called off. But it’s already done major damage to the UK economy.
The vote to leave the European Union in June 2016 caused the pound to weaken dramatically and ushered in years of uncertainty that has reduced economic activity and triggered a slump in investment.
The economy is now 2% smaller than it would have been if the United Kingdom had chosen to remain in the bloc, according to the Bank of England. The economic output lost since the referendum is worth about £800 million ($1 billion) per week, or £4.7 million ($6 million) per hour.
