New research by Bloomberg Economics estimates that Brexit has already cost the UK economy £130 billion, with a further £70 billion set to be added by the end of this year — and that's all before the new government "gets Brexit done".

Car manufacturing will lose 1.5 million cars and over £40 billion in revenues by 2024 if the UK ends up with the sort of hard Brexit implicit in PM Boris Johnson's Withdrawal Agreement and the Conservative election manifesto, the SMMT warns. The Society of Motor Manufacturers and Traders urges all political parties to put UK Automotive at the heart of their economic and trade policies, and says that only an ambitious Brexit deal will deliver on UK's green growth ambitions, and avoid an existential crisis for the industry.

The Brexit threat is undermining the UK's status as a world leader in science research, The Royal Society says. It points to the annual loss of Euros 0.5 billion in EU research funding since the referendum, a 40% drop in UK applications to the Horizon 2020 programme and a collapse in leading scientists moving here.

Brexit has already undermined the UK auto industry, with a third of firms cutting jobs, 80% concerned about future prospects, £500 million wasted on mitigation measures and 13% relocating operations overseas, according to a new survey by industry body SMMT.

An alarmingly high number of UK firms aren't ready for a no deal Brexit; two-fifths (41%) of UK businesses have not done a Brexit risk assessment, and many have big gaps in knowledge about planned new customs procedures, according to new research by The British Chamber of Commerce.