Hard Brexit would ‘cost £400 billion, wipe 18% off GDP and cause a recession’

Hard Brexit would ‘cost £400 billion, wipe 18% off GDP and cause a recession’
 

A ‘no deal’ hard Brexit would plunge the country into an immediate recession, according to a new report.
The potential Tory plan would cost the British economy £400 billion and wipe 18% off GDP growth by 2030, investment firm Rabobank warned.
The study added unemployment would also jump up from 4.6% in 2018 to 6.2% in 2020, if the country went down the route of a hard Brexit in 2019.
It said there was no good end in sight whatever Brexit the government chose to go ahead with.
A free trade agreement (FTA) or soft Brexit would also apparently lead to a recession but this would be ‘milder and... read more

 
12 October 2017 in Hot News, Views: 45
Source: Metro
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