UK's Brexit deal estimated to cost almost $100 billion - News Summed Up

UK's Brexit deal estimated to cost almost $100 billion


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. "We are aiming to negotiate a comprehensive free trade agreement with the European Union, which is more ambitious than the standard free trade deal that NIESR has based its findings on," the Treasury department said in a statement. "The Tories' obsession with Brexit at any cost puts our future prosperity at risk," he said.


Source: ABC News October 30, 2019 10:18 UTC



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