Government analysis: All Brexit scenarios lead to lower long-term UK growth compared to remaining in the EUThe Government’s analysis of the long-term economic impact of Brexit, published yesterday, found that all Brexit scenarios would reduce GDP growth compared to remaining in the EU. However, it also found that “the economy will continue to grow in the long run” under all scenarios modeled. This includes the Government’s Chequers proposal, a Norway-style agreement, a traditional Free Trade Agreement and a No Deal Brexit. The analysis finds that a deal similar to the framework set out in the joint UK-EU Political Declaration would …read more
Source: Open Europe