Brexit Britain guaranteed to be economically worse off outside EU, says think tank
Brexit Britain is guaranteed to be economically worse off outside the European Union, and crashing out without a deal would see the economy take a €113 billion hit, an influential US think tank has claimed.
An economic analysis carried out by the Rand Corporation shows that a "cliff-edge" no-deal Brexit, where Britain fails to strike a trade deal with the EU, will reduce GDP by 4.9%, or $140 billion (€119 billion), over 10 years.
