UP

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

Home page Politics
12 Punto 14 Punto 16 Punto 18 Punto
Brexit will make every Britanian £1,100 a year poorer

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.

Axar.az 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."

Date
2019.10.30 / 16:57
Author
Axar.az
See also

Galuzin, Mustafayev hold talks in Moscow

Azerbaijan recognized as emerging 'Middle Power'

Putin congratulates Ilham Aliyev on Independence Day

President Aliyev sends condolences to Pakistan

President Aliyev sends condolences to Xi Jinping

Ilham Aliyev sends congratulatory letter to Jordan’s king

Azerbaijani FM departs on working visit to New York

Armenia to restore rail links to Turkiye and Azerbaijan borders

Hikmet Hajiyev shares Euronews report on WUF13

'Baku Declaration' signed by NGOs from 103 countries

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla