British research institutions: Johnsons version of the brexit agreement may cause a loss of u00a3 70 billion to the UK

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 British research institutions: Johnsons version of the brexit agreement may cause a loss of u00a3 70 billion to the UK


NIESRs research simulates different scenarios of brexit based on the UK staying in the EU, Reuters reported Wednesday. The report said the UKs economy would shrink by 5.6% if it did not agree to leave Europe. Johnsons deal with the European Union would cost Britain 70 billion pounds.

Although Johnson said his brexit plan opened the door to a more relaxed economic link between the UK and the EU, a report by the National Institute of economic and social research shows that the economic cost of a more distant relationship with the EU is much greater than the benefit of ending the uncertainty of brexit.

Founded in 1938, the National Institute of economic and social research is the oldest independent economic research institution in the UK.

Arno hantzsche, an economist at NIESR, said that there may not be so-called agreement dividend for the bright future after the brexit described by Johnson to the British people. He said, the brexit agreement will reduce the risk of non agreement brexit, but it will also eliminate the possibility of establishing closer economic ties with the EU.

Although the agreement between the EU and the UK removes uncertainty, customs and regulatory barriers will impede trade in goods and services between the UK and the continent, making it worse for all parts of the UK than for the UK to remain in the EU, the report said.

(function() {(window. Slotbydup = window. Slotbydup| []). Push ({ID: 6374560, container: ssp_, size: 300250, display: inlay fix, async: true});)); NIESR reports that, according to Johnsons brexit agreement, the UKs economic growth rate will decline by 3.5% in 10 years, which is equivalent to subtracting the economic output of the whole Wales. According to the report, even if the relationship between the UK and the EU has not changed significantly in the short term, the UK economy will grow by 1.4% from 2019 to 2020, lower than the growth rate of 1.6% in 2018, and far below the long-term growth average. At the beginning of this month, ukina changing Europe, another academic think-tank, also estimated that Johnsons brexit agreement would reduce Britains per capita income by more than 6%. On the evening of October 29 local time, the house of Commons of the British Parliament voted to pass a brief proposal put forward by Prime Minister Boris Johnson for an early election on December 12, the BBC reported. He hoped that the election would break the deadlock of brexit and allow his previous brexit agreement with the EU to be approved. Johnson has said that the brexit agreement is the only solution to the economic pressure and uncertainty that the UK has suffered since the brexit referendum in 2016. Source: surging news editor: Liu Yuxin, nbjs7825

According to the NIESR report, according to Johnsons brexit agreement, the UKs economic growth rate will drop by 3.5% in 10 years, which is equivalent to subtracting the economic output of Wales as a whole. According to the report, even if the relationship between the UK and the EU has not changed significantly in the short term, the UK economy will grow by 1.4% from 2019 to 2020, lower than the growth rate of 1.6% in 2018, and far below the long-term growth average.

At the beginning of this month, ukina changing Europe, another academic think-tank, also estimated that Johnsons brexit agreement would reduce Britains per capita income by more than 6%.

On the evening of October 29 local time, the house of Commons of the British Parliament voted to pass a brief proposal put forward by Prime Minister Boris Johnson for an early election on December 12, the BBC reported. He hoped that the election would break the deadlock of brexit and allow his previous brexit agreement with the EU to be approved. Johnson has said that the brexit agreement is the only solution to the economic pressure and uncertainty that the UK has suffered since the brexit referendum in 2016.