Economic impact of Brexit will be entirely negative: gov. analysis
Chancellor Philip Hammond, Prime Minister Theresa May and Foreign Secretary Boris Johnson. Photo: Stefan Rousseau - WPA Pool / Getty Images
An analysis from the U.K. government anticipates entirely negative economic impacts from Brexit regardless of the terms of the exit deal, Buzzfeed News, which got its hands on the analysis, reports.
- Top-line figures: Growth would fall by 8% over 15 years under a "no-deal Brexit," 2% under a "soft Brexit" and 5% under a middle course. Nearly every economic sector would be hurt, with the exception of agriculture, along with every geographic region.
The bottom line: The British government is going to spend the next year or so in intense negotiations over a process its own analysis suggests will bring entirely negative economic consequences.