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Brexit costs ‘relatively slow’ to materialise, says Goldman Sachs analysts

The US bank's analysts also said they don't think the Bank of England will cut rates

Analysts at Goldman Sachs have said that new trade restrictions are “likely to weigh significantly on potential growth in coming years”
Analysts at Goldman Sachs have said that new trade restrictions are “likely to weigh significantly on potential growth in coming years” Photo: Jason Alden/Getty Images

Brexit costs related to trade restrictions in services will be relatively slow to materialise and may impact potential growth in the future, Goldman Sachs analysts have said.

In a 10 January note, the European analysts for the US investment bank outlined the 10 questions for the coming year, one of which was whether or not Brexit would derail the UK’s post-Covid recovery.

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