British think tank slams Prime Minister Boris Johnson's Brexit deal, concluding the economy would be 3.5% smaller compared with staying in the European Union.
A respected British think tank slammed Prime Minister Boris Johnson's Brexit deal on Wednesday, concluding that the economy would be 3.5% smaller over the next decade compared with staying in the European Union.
"We would not expect economic activity to be boosted by the approval of the government's proposed Brexit deal," the group said. As politicians squabble over how and when Britain will leave the EU, Brexit is reshaping the economy. Initially planned for March, Brexit was pushed back to Halloween and now is not likely to happen before January. Companies are meanwhile shifting investments, creating new supply chains and stockpiling goods to mitigate any damage that would occur from leaving the EU, with or without a deal.
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