Economists warn of GDP blow if May's Brexit deal goes ahead

Joint report

Laura Dew
clock • 1 min read

Prime minister Theresa May's Brexit deal could reduce UK GDP per capita by as much as 5.5% in 10 years' time, according to a joint report by economists.

The report, The economic consquences for the Brexit deal, was carried out by the Centre for Economic Performance at the London School of Economics, Kings College London and the Institute for Fiscal Studies (IFS). This considered the consquences of three situations: remaining in the EU, the deal and no-deal Brexit.  They found the deal recently approved by the Cabinet and EU leaders could lead to a cut in UK GDP per capita by between 1.9% and 5.5% over the next 10 years. UK must secure final Brexit agreement - IA's Chris Cummings The cost to public finances would be between 0.4%-1.8...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read