Theresa May leaves Downing Street for prime minister’s questions yesterday. She is under increasing pressure from Brexiteers such as Jacob Rees-Mogg DAN KITWOOD/GETTY IMAGESFree trade deals with non-EU countries will add less than 1 per cent to the long-term growth of the British economy, according to a leaked government analysis of Brexit. Economists said the benefits from boosting trade with non-EU countries would not offset the slower growth forecast under every form of Brexit. Growth could be about 5 per cent less by 2033-34 than forecast at present if any deal resembled the free trade agreement with Canada. The best possible trade deal between the UK and US would provide almost half of any gain from all non-EU deals, raising pressure on Theresa May to strike an agreement with Donald Trump as quickly as possible after Britain leaves the EU.

Source: The Times February 08, 2018 00:05 UTC