Economics
Leaving the EU to Cost U.K. $128 Billion, Anti-Brexit Group Says
- People’s Vote group commissioned research from Niesr
- Study says economy 3.9% smaller by 2030 vs staying in the EU
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Brexit will cut the value of the U.K. economy by 100 billion pounds ($128 billion) a year by 2030 compared with staying in the European Union, according to research commissioned by the People’s Vote, a group campaigning against leaving the bloc.
The study, by think tank Niesr, is the first analysis of Prime Minister Theresa May’s Brexit deal which she will start selling to U.K. politicians this week. The deal was signed off on Sunday by EU leaders, who said it can’t be renegotiated.