Treasury analysis warns UK GDP would be 6% smaller post Brexit even with Canadian-style free trade agreementThe Treasury will today release its analysis of the long-run cost of the UK leaving the EU. The 200 page report is expected to predict that if the UK left the EU and adopted a Canada-style free trade agreement with the EU, UK GDP would be 6% lower in 2030 compared to if Britain remained inside. This equates to £4,300 per household on average. The report also looks at two other potential approaches outside the EU – joining the European Economic Area (similar to …read more
Source: Open Europe