Brexit Cost Project

The local economic cost of Brexit.

A synthetic control study of how Brexit reshaped output and income across every UK region, city region, and local authority.

What this project does

The Brexit Cost Explorer compares observed local outcomes against a synthetic-control counterfactual for each place. The core question is not whether a place grew or shrank in absolute terms, but whether it diverged from a plausible path it might have followed without Brexit.

The estimates are built from a placebo-weighted ensemble of 31 donor-pool combinations — drawn from European NUTS2 regions, US states, G20 countries, OECD members, and EU member states — scored on out-of-sample predictive performance. Two outcome series are tracked for every place: real Gross Value Added (GVA, a production measure) and nominal Gross Disposable Household Income (GDHI, a residence-based welfare measure). The table below summarises post-2016 and post-2020 GVA losses for the UK, its constituent countries, and English ITL1 regions.

Explore the data →

Estimated Brexit losses by region

GVA losses as a share of observed output, in GBP billions, and per capita — for the United Kingdom, constituent countries, and ITL1 English regions. The post-2016 window captures the full period from the referendum vote; the post-2020 window isolates the period after legal exit. All figures are as of 2023, the latest year of ONS sub-national annual GVA data.

Region Post-2016 GVA (real) Post-2020 GVA (real)
Loss (£bn)Gap (%)Per capita Loss (£bn)Gap (%)Per capita
United Kingdom (2023) −£188.8bn−7.7%−£2,835 −£84.4bn−3.6%−£1,257
Constituent Countries
Scotland −£15.8bn−8.6%−£2,908 −£7.6bn−4.3%−£1,386
Wales −£3.4bn−4.4%−£1,101 −£7.3bn−8.9%−£2,338
Northern Ireland +£0.3bn+0.5%+£147 −£0.9bn−1.8%−£490
English Regions
North East −£5.3bn−7.8%−£2,024 −£2.1bn−3.2%−£797
North West +£1.1bn+0.5%+£160 +£4.7bn+2.2%+£681
Yorkshire & The Humber −£8.5bn−5.3%−£1,752 −£5.1bn−3.3%−£1,053
East Midlands −£6.8bn−5.0%−£1,667 −£4.0bn−3.0%−£984
West Midlands −£11.8bn−6.8%−£1,999 −£12.6bn−7.3%−£2,110
East of England −£8.4bn−4.2%−£1,337 −£9.2bn−4.7%−£1,456
London −£70.0bn−11.6%−£7,927 −£34.6bn−6.1%−£3,916
South East −£46.0bn−12.4%−£4,997 −£19.8bn−5.7%−£2,131
South West −£12.1bn−6.6%−£2,385 −£4.5bn−2.5%−£869

Source: Alabrese, Edenhofer, Fetzer & Wang (2026), Table 1. Estimates use the placebo-weighted ensemble across 31 donor-pool combinations. GVA is real chained-volume (2019 prices). Loss in £bn is computed as actual × (1 − exp(−gap)). Per-capita loss in £. All figures are as of 2023 (latest ONS annual release). Northern Ireland's positive post-2016 GVA outcome reflects its effective continuation in the EU customs union under the Trade and Cooperation Agreement. Losses are concentrated in the most trade-integrated regions: London, the South East, and Scotland.

How to read the estimates

These numbers are estimated gaps relative to a modelled counterfactual, not directly observed losses on a public balance sheet. They should be read as evidence about divergence after 2016, with extra caution around nominal household-income measures. The site separates project-level method from place-level evidence so users can move from the national framing to a local report without losing context.

Around 70% of UK local authorities show output below their synthetic counterfactual post-2016. The losses are disproportionately concentrated in the UK's most trade-integrated and prosperous regions, while Northern Ireland — which effectively remained in the EU customs union — is the main exception to the near-universal pattern of loss.
Vote Leave and Vote Remain posters side by side in Pimlico, June 2016
Leave and Remain posters, Pimlico · June 2016
People's Vote march with NHS vs Brexit banner
People's Vote march — NHS vs Brexit banner
Vote Leave sign in Belper, Derbyshire
Vote Leave sign, Belper, Derbyshire
Cardiff Stays / Cardiff for Europe event
Cardiff Stays — Cardiff for Europe event
Vote Leave group campaigning in Warwick
Vote Leave campaign group, Warwick
Brexit demonstrators near the Labour conference, Brighton 2019
Brexit demonstrators, Brighton · September 2019

Photo credits (left to right, top to bottom): Stevekeiretsu / CC BY-SA 4.0 · © User:Colin / Wikimedia Commons / CC BY-SA 4.0 · Bob Harvey / CC BY-SA 2.0 · Jeremy Segrott / CC BY 2.0 · Gwydion M. Williams / CC BY 2.0 · ChiralJon / CC BY 2.0. All images via Wikimedia Commons.