6 charts from the OECD show how Brexit has damaged the British economy

LONDONBrexit hashad a profound effect on the economy.The pound has slumped, inflation has shot upwardshitting its highest level in over five years last monthwhile real wage growth has stagnated, and GDP growth has slowed significantly.All of these negatives, if not solely caused by the vote to leave, have certainly been exacerbated by Britain's impending exit from the bloc.But just how bad is it'Earlier this week the Organisation for Economic Cooperation and Development (OECD) released its latest economic survey of the UK, looking at the progress being made across all sectors of the economy. The report was largely damning about Brexit, warningthat leaving the EU could knock as much as 40 billion off the UK's GDP growth by the end of 2019 in the case of a "no deal" scenario.The report also contained a whole heap of data and charts on the state of the economy, many of which do not make for pleasant reading. Business Insider pulled out six charts from the OECD's presentation that we feel illustrate best the economic impacts Brexit is having, and will have in future, on Britain's economy.Check them out below.First up, GDP growth. Prior to the Brexit referendum, Britain was ahead, or at least in line with OECD averages. Since the vote however, Britain has fallen well behind the curve.While the FTSE 100 and FTSE 250 ' Britain's two main share indexes ' have hit record highs since the Brexit vote, they have done so because of the large proportion of overseas firms in the index. Roughly 70% of revenues in the FTSE 100, for example, are derived from overseas. UK focused stocks have underperformed massively since the vote, as the chart shows.Britain's labour productivity has lagged behind many of the world's other major economies for a long time, but Brexit has made things even worse, as evidenced by the divergence that can be seen at the far right of the chart below.See the rest of the story at Business Insider
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