The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic.
British companies have lost over £250bn to Covid and an equal amount to Brexit by the end of 2021, but the Brexit tally is now rising faster,
The Centre for Economics and Business Research found that Covid-19 lockdowns had cost UK businesses £251bn by March of last year.
It revealed the value of the goods and services produced by the economy was more than £250bn lower than it would otherwise have been.
It calculated the Gross value added (GVA), which measures the value of the goods and services produced by the economy, minus the costs of inputs and raw materials needed to deliver them.
Covid-19 cost small businesses alone an estimated £126.6bn, according to the business insurer Simply Business, while a November 2021 Government report revealed the UK lost almost £365 billion in GDP from Covid overall.