Economists warn of GDP blow if May's Brexit deal goes ahead

Joint report

Laura Dew
clock • 1 min read

Prime minister Theresa May's Brexit deal could reduce UK GDP per capita by as much as 5.5% in 10 years' time, according to a joint report by economists.

The report, The economic consquences for the Brexit deal, was carried out by the Centre for Economic Performance at the London School of Economics, Kings College London and the Institute for Fiscal Studies (IFS). This considered the consquences of three situations: remaining in the EU, the deal and no-deal Brexit.  They found the deal recently approved by the Cabinet and EU leaders could lead to a cut in UK GDP per capita by between 1.9% and 5.5% over the next 10 years. UK must secure final Brexit agreement - IA's Chris Cummings The cost to public finances would be between 0.4%-1.8...

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