VVO Supporter 🍦🎈👾❤
- Sep 20, 2018
- Limburg, NL
- SL Rez
- Joined SLU
Yup, mister Schneider was right: More to come:
LSE analysis says long term economic hit will be two to three times as large as Covid impact
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.
20 years???“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?