Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Any Version of Brexit Will Make the UK Poorer, Reports Say

Video Credit: Newsy Studio - Duration: 00:59s - Published < > Embed
Any Version of Brexit Will Make the UK Poorer, Reports Say

Any Version of Brexit Will Make the UK Poorer, Reports Say

A report published by the U.K. government determined the country will be worse off economically once it leaves the bloc under every Brexit option.

0
shares
ShareTweetSavePostSend
 

Any Version of Brexit Will Make the UK Poorer, Reports Say

Britain's economy will be poorer after the country leaves the European Union, according to a new official analysis.

A report published by the U.K. government Wednesday determined the country will be worse off economically once it leaves the bloc under every possible Brexit option.

The same day,  an analysis from the Bank of England  warned Britain could see a massive economic slump if it leaves the EU in what it calls a "disorderly" manner.

That includes housing prices dropping 30 percent, and unemployment rising to 7.5 percent.

  But officials are hopeful that they'll be able to handle whatever effects Brexit might have on the economy.

U.K. Treasury chief Philip Hammond  told reporters , "It is true that the economy will be very slightly smaller if we do the deal the way the prime minister has set out and negotiated, but the impact will be entirely manageable." The report was released just days after EU leaders  unanimously approved  a deal that would see the U.K. leave the bloc by the end of March.

The next step is for the British Parliament to vote on it.




You Might Like


Recent related videos from verified sources

Brexit fallout on UK finance intensifies - think tank [Video]Brexit fallout on UK finance intensifies - think tank

More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a..

Credit: Rumble     Duration: 01:31Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.