It’s official: Brexit deal will hurt the UK economy
London (CNN Business)It’s official: The British government’s plan for leaving the European Union will be bad for the economy.
The government has published a report that outlines the economic costs associated with a range of Brexit scenarios. The Bank of England will publish its own analysis later on Wednesday.
The United Kingdom would be worse off under all scenarios studied by the government. Officials did not estimate the precise impact of the deal Prime Minister Theresa May has negotiated with the European Union, but even in the best case it too will mean a weaker economy than remaining in the bloc.
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