A Pro Europa supporter holds European Union (EU) and a British Union flags during a gathering by the cross party Pro-EU anti-Brexit group in Brussels, Belgium, on Thursday, Jan. 30, 2020. The European Parliament approved Prime Minister Boris Johnson’s Brexit deal, clearing the way for the U.K. to leave the EU on Jan. 31 with an agreement that, for the time being, will avoid a chaotic rupture. Photographer: Geert Vanden Wijngaert/Bloomberg
A Pro Europa supporter holds European Union (EU) and a British Union flags during a gathering by the cross party Pro-EU anti-Brexit group in Brussels, Belgium, on Thursday, Jan. 30, 2020. The European Parliament approved Prime Minister Boris Johnson’s Brexit deal, clearing the way for the U.K. to leave the EU on Jan. 31 with an agreement that, for the time being, will avoid a chaotic rupture. Photographer: Geert Vanden Wijngaert/Bloomberg

Brexit ‘permanently damaged’ UK economy

Former Bank of England policy maker Michael Saunders said Britain’s exit from the European Union is one of the reasons why the UK is now entering a period of austerity. 
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