deal britain: Now even zealous Eurosceptics preface their rosy visions of a post-EU future with caveats of temporary disruption, according to The Guardian. Meanwhile, the Treasury has taken a consistently gloomy view, seeing no model of Brexit superior to the deal Britain enjoys as a member of the Brussels club. The promises of an easy, lucrative separation faded gradually after the referendum campaign. Government analysis published on Wednesday anticipates slower economic growth under every Brexit scenario. A softer Brexit would shave 1.4% from growth over the same period. Leaving with no deal would lead to a GDP shortfall of 7.7% by 2036; a managed hard Brexit trading on the Canadian model would incur an equivalent 4.9% penalty.
(news.financializer.com). As
reported in the news.
Tagged under deal britain, brussels club topics.