'No-deal brexit thump for British economy'

'No-deal brexit thump for British economy'

World November 28, 2018 13:32

london (anp/bloomberg) - The UK economy is going to have to deal with a serious blow if the British leave the European Union without an agreement. In the blackest scenario, the gross domestic product will be almost 11 percent lower in 2034 than if the British had decided to remain a member of the union. This is shown by estimates from the British government.

Prime Minister Theresa May is committed to persuading the British Parliament to stand behind her recently concluded Brexit agreement. The exact impact of this variant is not discussed in detail in the report. Scenarios that most closely resemble those of the brexit deal have a more limited impact on the British economy. Nevertheless, the British are also less than 15 years old in the best case.

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