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Shock analysis on Brexit

Any EU deal ‘will leave UK economy worse off’

Theresa May and Jean-Claude Juncker

Theresa May faces lower economic growth outside the EU, says report


UK economic growth will be slower over the next 15 years whatever Brexit deal is struck with Brussels, a leaked government document claims.

The Whitehall analysis says growth could be up to 8% lower than if the UK stayed in the EU.

The document, seen by the news website Buzzfeed, has been seized upon by Scotland’s First Minister Nicola Sturgeon as further evidence of the damage that will be caused by Britain’s withdrawal from the EU.

She tweeted: “When published analysis two weeks ago showing the cost of Brexit, some Tories accused us of scaremongering. Thanks to this leak, we now know the UK government is sitting on analysis which comes to precisely the same conclusions.”

Government sources have denied that the UK will be worse off and that opportunities to open up new trading markets will make up for any dislocation with the EU. However, last month the Brexit Secretary David Davis claimed there was no analysis of the impact of Brexit on the UK economy.

 



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