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Thread: LSE Report ' No-Deal Brexit will cost the UK 2-3 times as much as the virus.

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    Default LSE Report ' No-Deal Brexit will cost the UK 2-3 times as much as the virus.

    No-deal Brexit will cost UK more than Covid, report finds
    LSE analysis says long term economic hit will be two to three times as large as Covid impact


    The economic cost of a no-deal Brexit could be two or three times as bad as the impact of Covid, a report has concluded.

    Analysis by the London School of Economics and UK in a Changing Europe says “a no-deal Brexit would represent a further major shock to a UK economy” with a “major set of changes” to the economic relationship with the country’s largest trading partner.

    “Our modelling with LSE of the impact of a no-deal Brexit suggests that the total cost to the UK economy over the longer term will be two to three times as large as that implied by the Bank of England’s forecast for the impact of Covid-19,” says the report.

    LSE modelling puts the long-term economic hit from a no-deal Brexit at 8% of GDP, similar to that of the government’s own forecast in 2018 of 7.6%, which amounts to £160bn in today’s money, or £2,400 per person.

    This compares with the Bank of England’s latest forecast of the impact of Covid which shows a reduction of 1.7% of GDP to the economy up to 2022.

    This amounts to £40bn, or £600 per person, and is dwarfed by cost of a no-deal Brexit, which will have an impact on GDP for years to come.

    “In the long run, Brexit is likely to be more significant” depressing the country’s economic output over 20 years, says the report, titled 'What would no deal mean?

    https://www.theguardian.com/politics...n-covid-report
    And that is why Bozo Johnson will fold .


    " First they came for the journalists...
    We don't know what happened after that . "

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    Quote Originally Posted by moon View Post
    And that is why Bozo Johnson will fold .


    JPMorgan to Move $230 Billion Assets to Germany Under Brexit
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    Only a quarter of UK businesses say they are ready for Brexit, with less than 4 months to go

    Chaos at the border in January could lead to queues of 7,000 trucks on Britain's motorways, Gove told MPs.

    https://www.msn.com/en-us/news/world...go/ar-BB19lB47
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    Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.







    ברוך השם

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    Lorry drivers will face de facto Brexit border in Kent, Gove confirms
    International hauliers will need ‘Kent access permit’ to get into county from 1 January


    A de facto Brexit border is to be introduced for lorry drivers entering Kent to travel on to the EU, Michael Gove has confirmed.

    https://www.theguardian.com/politics...ministers-warn

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    We don't know what happened after that . "

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