Thread: Brexit (Old)
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Old 20-07-2018, 11:02   #638
nomadking
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Re: Brexit Discussion (New thread-Follow First Post Rules!)
Quote:
Originally Posted by 1andrew1 View Post
People conveniently forget that it goes both ways.
Quote:
LONDON, July 19 (Reuters) - European Union countries will suffer long-term damage equivalent to about 1.5 percent of annual economic output if Britain leaves the bloc without a free trade deal next year, the International Monetary Fund said on Thursday.
Britain is due to leave the EU on March 29 next year, and Prime Minister Theresa May has yet to reach a consensus within her own Conservative Party on what future ties with the EU should look like, let alone broker a final deal with the EU.
The EU's lost economic output in the case of no deal would cost the bloc around $250 billion, according to Reuters calculations based on the IMF's estimate of the size of the EU economy excluding Britain this year.
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