Britain's economy will be around 3 percent poorer over the long term if it ...
LONDON - Britain’s economy will be around 3 percent poorer over the long term if it leaves the European Union and retains a customs union with the bloc, the option favored by the opposition Labour Party, academic forecasters predicted on Thursday.
“Leaving the EU for a customs union will make it more costly for the UK to trade with a large market on our doorstep, particularly in services which make up 80 percent of our economy,” NIESR economist Garry Young said. After May’s deal was rejected three times in parliament, forcing her to delay Brexit, the government has spent more than four weeks in talks with Labour - so far without reaching any agreement.
Britain’s finance ministry estimated in November that the government’s preferred policy would reduce per capita GDP by 2.1-2.7 percent, depending on the effect on immigration, though its assumptions are not directly comparable with NIESR’s.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wealthy UK investors are mostly positive on post-Brexit Britain, study findsA majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS.
Lire la suite »
Britain's Hunt says: I am not a believer in a post-Brexit customs unionBritish Foreign Secretary Jeremy Hunt said on Tuesday he was not a believer in a...
Lire la suite »
Pompeo visits Brexit Britain as Iran warns over nuclear dealU.S. Secretary of State Mike Pompeo visited Britain on Wednesday to pitch a post...
Lire la suite »
Beyond Meat shares soar anew to bring post-IPO gain to 240%Shares of plant-based meat company Beyond Meat Inc. soared another 13% Tuesday, bringing the stock’s post-IPO gains to a stunning 240%, after Bernstein...
Lire la suite »
Steve Bannon wrote a column for The Washington Post and readers are not happy'Why would anyone give this maniac a platform?' one social media user asked.
Lire la suite »
Herstory Lessons: The inspiring story of the 1st black female reporter for The Washington PostHerstory Lessons shares the lives of women who have made an impact in history. Dorothy Butler Gilliam made history by becoming the first black female reporter for The Washington Post in 1961 at the age of 23. 'I knew I couldn't come back and complain about the problems I faced because that
Lire la suite »
Huawei Canada executive leaves post, second departure from firm in four monthsA Huawei Canada executive said on Tuesday he had left his post after less than a...
Lire la suite »
Post-apartheid South Africa is world's most unequal countryJOHANNESBURG (AP) — Perhaps nowhere in today's South Africa is the country's inequality on more dramatic display than in the neighboring Johannesburg suburbs of Sandton and Alexandra.
Lire la suite »
It’s impeachment time, says Washington Post columnist | Pompeo: Melting Arctic ice means new trade opportunitiesImpeachment hearings should begin immediately to preserve the rule of law and protect democracy, writes a Washington Post columnist. Meanwhile, Secretary of State Mike Pompeo is getting attention for a speech in Finland.
Lire la suite »
Adele Opened Up About Her Life And Announced New Music In A Candid Instagram PostAdele Got Candid About Her Tough Year And Announced New Music In A Beautiful Instagram Post
Lire la suite »