"The jury is in, the fat lady has sung, there is no debate anymore."
Here we answer some key questions about what the latest GDP figures mean for the economy and people’s money.
Brexit, meanwhile, is expected to reduce the UK’s potential economic growth by about 4 per cent in the long term.
Analysis of economic impact found the university adds nearly £30 billion to the UK economy every year.
There is expected to be a fall of 0.2 per cent in GDP this year, followed by a rise of 0.9 per cent next year. Only Russia fares worse.
Fears of an impending banking crisis have intensified after shares in top lenders plunged.
The UK has become one of the most regionally unequal industrialised economies in the world, a report by CEPR finds.
An external member of the Bank's monetary policy committee said a wave of investment "stopped in its tracks" in 2016 following the vote.
"Did the UK commit an act of economic self-harm when it voted to leave the EU in 2016? The evidence so far still suggests it did."
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