Worst of Britain’s Brexit pain is still to come, warns Treasury minister

In a stark assessment of Brexit’s impact on Britain’s economy, Treasury minister Tulip Siddiq warned that 60% of the effects are yet to be felt, with the economy projected to shrink by 4% in the long run. Importantly, the Office for Budget Responsibility forecasts that imports and exports will be 15% lower than if the UK had remained in the EU. As critics urge the government to address trade barriers and visa issues, they emphasize the need for closer ties with the EU to mitigate further Brexit-induced damage and trade towards prosperity.

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