Prime Minister Boris Johnson's Brexit deal would hurt Britain's econom...
LONDON - Prime Minister Boris Johnson’s Brexit deal would hurt Britain’s economy more than further delays and continued uncertainty about leaving the European Union, a think tank said on Wednesday.
Johnson has said his deal is the only solution to the uncertainty that has weighed on the economy since the 2016 referendum. Unlike his predecessor Theresa May’s deal, Johnson’s does not require England, Scotland and Wales to stay in a customs union with the EU in the future, making tariffs and other barriers likely after a transition period.
May’s deal would have limited the damage to 3.0%, while a no-deal Brexit would make the economy 5.6% smaller than if it stayed in the bloc, NIESR said.
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