Morning news headlines: Ministers 'warned of GDP fall' after customs union exit
MINISTERS 'WARNED OF GDP FALL' AFTER CUSTOMS UNION EXIT
Quitting the European customs union risks causing a 4.5% fall in GDP by 2030, Cabinet ministers have reportedly been warned.
Pulling out of the agreement could also clog up trade through Britain's ports, economic reports circulated at a Brexit Cabinet committee said, according to the Guardian.
The forecast, based on a Norway-style model for Britain's future relationship with the European Union, is the average prediction made in three studies carried out ahead of the referendum, the newspaper said.
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