Boris Johnson's own official government figures shows his Brexit deal will make British people much poorer
last November suggested that a deal along these lines would have a major adverse economic impact on the UK, with British people hit by falling wages and declining growth.Johnson's own government's analysis suggested that a deal along the lines of that agreed on Thursday will reduce annual economic growth by 6.7% compared to staying in the EU.by one independent think tank found an almost identical hit to the economy of 6.4%.
That's a major hit to the UK economy which will make average households thousands of pounds poorer than they would have been had we remained in the EU.The UK government's own analysis also suggested that a deal along the lines of Johnson's would have a big impact on the average wages of people living in the UK.
This is due largely to the broader economic hit which would be expected from exchanging membership of the EU for a simple free trade agreement, without the trade and economic benefits of remaining inside.The economic hit would inevitably lead to the UK government being forced to borrow more, or dramatically slash the services it provides to the public. According to the government's own analysis, there would be a 3% increase in borrowing as a percentage of economic growth.
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