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It's not black and white. In all cases there is consensus that Brexit will be bad economically. UK went with the middle bad scenario according to their own leak
by Isinlor 6y ago
It's not black and white. In all cases there is consensus that Brexit will be bad economically. UK went with the middle bad scenario according to their own leaked analysis [0].
The "no deal" scenario, which would see the UK revert to World Trade Organization (WTO) rules, would reduce growth by 8% over that period. The softest Brexit option of continued single-market access through membership of the European Economic Area would, in the longer term, still lower growth by 2%.
[0] https://www.parliament.uk/globalassets/documents/commons-committees/Exiting-the-European-Union/17-19/Cross-Whitehall-briefing/EU-Exit-Analysis-Cross-Whitehall-Briefing.pdf https://www.parliament.uk/globalassets/documents/commons-com...