Quote:
Originally Posted by Sephiroth
You have no idea whether or not the 4% reduction in GDP is permanent. I'd say that the UK will eventually sail past this - with better government, of course and that's not certain.
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It's the OBR's own modelling that GDP will be permanently 4% lower than if we had remained in the EU. Even if we had a different Prime Minister, the factors that combine to make up the decrease in GDP like trade friction with the EU will still be there.