Home Business Life The cost of Brexit

The cost of Brexit

317
0

The Brexit deal is expected to cost the UK economy as much as £100bn over the next decade compared with remaining in the EU.

An analysis has been made by National Institute of Economic and Social Research.

It suggested that by 2030, Britain would lose GDP growth equivalent to the annual economic output of Wales.

The study found GDP over the long term was forecast to be about 4% less than it would have been had the UK stayed in the EU.

National Institute of Economic and Social Research  said the cost to the economy of Brexit would be the equivalent of losing about £1,000 a year for every person in the UK.

The director of macroeconomic modelling and forecasting at the institution Garry Young said: “Leaving the EU will make it more costly for the UK to trade with a large market on our doorstep and inevitably will have economic costs.”


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


 

LEAVE A REPLY

Please enter your comment!
Please enter your name here