Axar.Az Logo

Brexit will make every Britanian £1,100 a year poorer

Home page Politics
12 Punto 14 Punto 16 Punto 18 Punto

Boris Johnson's Brexit deal would make every person in the UK £1,100 poorer a year on average, a leading economic forecaster has warned in a damning report. reports citing foreign media that the National Institute of Economic and Social Research found that the prime minister's withdrawal plan leave the UK £70 billion worse off a year and shave nearly 4% off the economy by the end of the 2020s.

The research comes after MPs voted on Tuesday for a snap general election on December 12, and is one of the first independent assessments of how the economy would perform under Johnson's plan, which he agreed with EU leaders last month.

NIESR estimated that Britain's economy would be 3.5% smaller after 10 years than if it remained in the EU, the equivalent to losing the entire economic output of Wales.

"We don't expect there to be a 'deal dividend' at all," said NIESR economist Arno Hantzsche. "A deal would reduce the risk of a disorderly Brexit outcome but eliminate the possibility of a closer economic relationship."

2019.10.30 / 16:57
See also

MM Speaker met with AKP members

Deputy Foreign Minister met with the PACE Rapporteur

We do not see any responses from Yerevan to our proposals

The President appointed an ambassador to Estonia

Azerbaijan's ambassador to Belgium has been replaced

Azerbaijan has appointed a new ambassador to Turkey

A wide-ranging meeting of FMs has begun

Bayramov met with his Serbian counterpart

Pashinyan came to the Azerbaijani border

Baku will host a meeting of Parliamentary Speakers

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla