How much is Brexit responsible for the UK's dire economic outlook?

Synopsis

Britain faces a grim economic outlook as it becomes the only G7 country whose economy is projected to shrink this year, according to the International Monetary Fund. Factors contributing to this decline include higher taxes, a shortage of workers, and surging gas prices, compounded by the ongoing effects of Brexit, which occurred three years ago. Bergen Moss reports on Aston Chemicals, a company in England that has struggled with the complexities and costs of exporting goods to the EU post-Brexit. Managing Director Danny Lothren reveals that the company has had to open a second hub in Poland to manage customs duties, leading to increased workloads and decreased productivity. The British economy is forecasted to be four percent worse off than if it had remained in the EU, with business leaders questioning the benefits of Brexit. Since the 2016 referendum, business investment in the UK has not recovered as it has in other countries, further exacerbating the economic challenges faced by Britain.