Economists warn of GDP blow if May's Brexit deal goes ahead

Far outweigh any gains from reduced EU contributions

Prime Minister Theresa May's Brexit deal could reduce UK GDP per capita by as much as 5.5% in ten years' time, according to a joint report by economists.

The report, The economic consquences for the Brexit deal, was carried out by the Centre for Economic Performance at the London School of Economics, Kings College London and the Institute for Fiscal Studies (IFS). This considered the consquences of three situations: remaining in the EU, the deal and no-deal Brexit.  They found the deal recently approved by the Cabinet and EU leaders could lead to a cut in UK GDP per capita by as much as 1.9%-5.5% over the next ten years. Brexit blog: UK economy may shrink under May's plan The cost to public finances would be between 0.4%-1.8% of GDP...