U.K. Chancellor Philip Hammond. Photo: Jack Taylor via Getty Images

The United Kingdom's Treasury released an analysis on Wednesday concluding that, under Prime Minister Theresa May's proposed Brexit deal, the U.K.'s GDP would be left 3.9% smaller after 15 years than if the country remained in the European Union, reports the BBC.

The big picture: If Parliament rejects May's plan and the U.K. crashes out of the EU without a deal, the country's GDP would be 9.3% smaller after 15 years, according to the analysis. Chancellor Philip Hammond, the country's top finance minister, admitted that remaining in the EU would be the best outcome in purely economic terms, but that Brexit has "political benefits" and that the government remains committed to selling May's deal to the British people.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

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Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.