WGPlus (Archive)

Not every ‘expert’ thinks Brexit will be all ‘Doom & Gloom’

According to Open Europe's comprehensive new report, UK GDP in a best case scenario, under which the UK manages to enter into liberal trade arrangements with the EU and the rest of the world, whilst pursuing large-scale deregulation at home, Britain could be better off by 1.6% of GDP in 2030.

In a worst case scenario, UK GDP could be 2.2% lower in 2030 if Britain leaves the EU and fails to strike a deal with the EU or reverts into protectionism.  However, a far more realistic range is between a 0.8% permanent loss to GDP & a 0.6% permanent gain in GDP, in scenarios where Britain mixes policy approaches.

Researched Links:

Open Europe - What if...? The consequences, challenges and opportunities facing Britain outside the EU

ASI:  Stuck in the middle with EU - Why it’s time we cut out the middle man and become global citizens

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