Hard Brexit to cost UK up to £66bn a year, says Treasury



Treasury coffers will take a £66 billion annual hit if Britain goes for a so-called hard Brexit, Cabinet ministers have been warned.
Leaked G overnment papers suggest leaving the single market and switching to World Trade Organisation (WTO) rules would cause GDP to fall by up to 9.5% compared with if the country remained in the European Union.
The d raft Cabinet committee paper seen by The Times is based on forecasts from the controversial study into the predicted impact of quitting the EU published by George Osborne in April during the referendum campaign.
Although the then chancellor... read more

 
11 October 2016 in Regional East, Views: 35
Source: Belper News
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